French and Benelux stocks - Factors to watch in November
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Delen family and Belgian holding company extended their historic shareholder agreements by 25 years. French cybersecurity company CD&R said that Permira and CD&R had received all the regulatory clearances needed for the proposed acquisition of the majority stake in the firm.
Three Industrial Projects for Le Havre Announced
The French government has selected winning proposals for a hydrogen import terminal, a renewable fuels facility and a lithium production factory to be built at the state-run port of Le Havre as part of an effort to attract industrial investment, the finance ministry said on Thursday.The land around the port was labelled a turnkey investment site under the 30 billion euro "France 2030" plan…
EU Energy Ministers Discuss Ukraine Energy Crisis and Russian LNG
Officials said that EU energy ministers met on Tuesday in Luxembourg to discuss the rising Russian LNG imports into the EU, Ukraine's energy shortages before winter and how to equalize energy prices among member states. In June, the EU approved a 14th set of sanctions including a ban of transhipments of Russian Gas as of March of next year. However, it did not impose a complete ban. Belgium and the Netherlands saw a dramatic increase in imports since then.
EU Energy Ministers Discuss Ukraine Energy Crisis and Russian LNG
Officials said that EU energy ministers met on Tuesday in Luxembourg to discuss the rising Russian LNG imports and Ukraine's energy shortages before winter, as well as how to balance energy costs across member states. In June, the EU approved a 14th set of sanctions including a ban of transhipments of Russian Gas as of March of next year. However, it did not impose a complete ban. Belgium and the Netherlands saw a dramatic increase in imports since then.
Document shows EU countries want more transparency about Russian gas imports
In a letter to the European Commission on Monday, a group of EU member states including France and the Baltic States asked for tighter reporting requirements across the EU on Russian LNG imports. In June, the EU approved a 14th set of sanctions that included a prohibition on the trans-shipment of Russian LNG in its ports. Moscow has used European ports for transshipment onto other vessels bound for Asia. Imports of Russian LNG were not banned.
Zara founder Ortega triples investment in energy assets
Amancio Ortega, founder of Zara and his investment company Pontegadea, almost tripled their investments in renewable energy last year. They are continuing to expand the efforts they have made to diversify Amancio Ortega’s fortune outside his fashion empire. The 2023 financial statements filed at the Mercantile Register, and seen by reveals that the Inditex family office, which is the owner of Zara's mother company…
North Sea Countries to Boost Offshore Wind
Energy Ministers from North Seas countries met yesterday (December 04) in Brussels and agreed their 2020 Work Program on offshore wind deployment as a means of reaching climate neutrality by 2050.The 10 North Seas Energy Cooperation countries – Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, Sweden and the UK – agreed at their Ministerial meeting in Esbjerg in June 2019 to broaden the scope of their cooperation.
Jan De Nul Orders Floating Installation Vessel
Luxembourg-based Jan De Nul has ordered a second mega offshore installation vessel, Les Alizés, from the CMHI Haimen shipyard in China.Together with the Voltaire, the new floating installation crane vessel will be in a super-size class of its own, capable of building the newest generation of offshore wind farms.Les Alizés, that will be ready in 2022, is equipped with a crane having a lifting capacity of 5,000 tons and equally impressive lifting heights.
Jan De Nul orders Offshore Installation Vessel
Six months after the offshore installation vessel Voltaire, Jan De Nul Group orders Les Alizés, a floating installation crane vessel from the CMHI Haimen shipyard in China.Together with the Voltaire, this new vessel will be in a super-size class of its own, capable of building the newest generation of offshore wind farms. Les Alizés, that will be ready in 2022, is equipped with a crane having a lifting capacity of 5,000 tons and equally impressive lifting heights.
How to Determine Which Countries Have the Best Energy Policies
Which countries have the best energy policies? This is an interesting, and rather obvious, question, considering that every country’s energy practices impact the world in one way or another. But it’s one you don’t often hear asked.That is probably because it’s hard to compare countries in any sensible and fair way, given the differences in population, size, economy and resources.Still, the world needs to know who does it best.
L&T Consortium Wins Saudi Aramco Deal
Indian multinational conglomerate Larsen & Toubro Limited (L&T) announced that a consortium of its arm L&T Hydrocarbon Engineering Limited (LTHE), and EMAS AMC PTE Ltd (A Subsea7 Company) has been awarded a project by Saudi Aramco for offshore jackets.The project is for installing 28 offshore jackets in Zuluf, Marjan, Safaniya and Ribyan offshore fields of Saudi Arabia, as per a stock exchange filing by L&T.This project consists of twenty eight offshore jackets in ZULUF…
Europe Offshore Fleet has 105 Wind Farms
There are now 189 GW of wind energy in Europe, making up 14% of the EU’s power demand. 18.5 GW of this is in Europe’s offshore fleet, whose 105 wind farms and 4,500 turbines now provide 40,000 jobs.According to WindEurope CEO Giles Dickson, this is set to grow.Offshore wind has a proven record of rejuvenating former industrial towns in Europe. Dickson gave the UK example of the Green Port in Hull…
MOL, Total Make Refueling Europe Easier
Japanese logistics giant Mitsui O.S.K. Lines (MOL) and French multinational integrated oil and gas company Total S.A. signed an agreement which will make travelling across Europe easier for their corporate customers.The agreement provides for acceptance of MOL Group Cards by Total in its network of stations in France, Belgium, Luxembourg, The Netherlands and Germany. At the same time, the Total fuel cards will be accepted in the MOL’s and Slovnaft’s network of stations in Hungary…
Lamprell Wins Offshore Wind Project
Lamprell announced that it has been selected by GeoSea Procurement & Shipping Luxembourg SA, a wholly owned subsidiairy of GeoSea NV, the lead engineering, procurement, construction and installation contractor on the Moray East offshore wind farm, to fabricate jacket foundations for the project.Lamprell, the provider of fabrication, engineering and contracting services to the offshore energy industry…
Subsea 7 Wins Shearwater Deal from Shell
Offshore engineering and construction specialist Subsea 7 has won an EPCI contract from Royal Dutch Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb project, located approximately 140 miles east of Aberdeen in the UK central North Sea.The engineering, procurement, construction and installation (EPCI) project workscope incorporates a 37km 24” export line, a 14” rigid riser, control jumper…
Vattenfall Wins Dutch 700 MW Offshore Wind Tender
Swedish utility Vattenfall has won the right to build a 700 megawatt (MW) subsidy-free wind farm in the Dutch part of the North Sea, the Dutch Ministry of Economic Affairs said on Monday. The Netherlands' government is among the first to offer a so-called zero subsidy tender for wind power, in which only bids that required no government support could compete for the two 350 MW slots known as Hollandse Kust I and II. Vattenfall beat Norway's Statoil and Germany's Innogy in the tender.
Court Rejects PGniG's Attempt to Limit Gazprom's Use of Opal Pipeline
A German court on Friday confirmed it had rejected a request by Polish energy company PGniG and its German subsidiary for an injunction to block Russia's Gazprom from increasing its use of the Opal pipeline in eastern Germany. The case is part of a long-running dispute over the routes for transporting Russian gas to Europe. The Duesseldorf higher regional court said in a statement to Reuters that relevant applications had been rejected on Oct.
The waning power of the petrodollar: McGeever
When the Federal Reserve begins reducing its holdings of U.S. Treasuries as expected later this year, some of the most consistent buyers of U.S. bonds over the last 15 years may be less than willing to fill the breach. Before the financial crisis, the flow of "petrodollars" was one of the most powerful forces driving the U.S. bond market and the dollar, as oil exporters invested their booming trade surpluses into Treasuries.
EU National Climate Goals Test Bloc's Resolve Amid Brexit
EU regulators doled out bitterly disputed national emissions-reduction targets on Wednesday for spreading the burden of the bloc's climate goals by 2030, despite risks Britain's exit could unravel the effort to fight global warming. As the first major piece of legislation since Britons voted in June to leave, it is a test of the union's cohesion, as it seeks to keep to a pact agreed in Paris last year aimed at holding global warming "well below" 2 degrees Celsius.
Offshore Wind can Compete with Coal, Gas by 2025
Firms see price at 80 euros per megawatt hour. Eleven energy and technology firms said on Monday offshore wind can be as cheap as gas and coal within a decade, but said European nations must do more to ensure a stable legal framework to inspire investment in zero carbon generation. Germany's RWE, E.On and Siemens signed an open letter, alongside Norwegian oil firm Statoil, Sweden's Vattenfall and General Electric of the United States…
