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Energy Markets

Oil & Gas

Oil & Gas

SK Hynix to list in the US for $29 billion as AI demand increases

SK Hynix, a South Korean company, said it planned to?raise up to $29.4billion through a U.S. -stock market listing. This would be one of the largest?listings globally. If completed at the top end, the deal would be the second-biggest share sale after a record $85.7 billion initial public offering by SpaceX earlier this month, surpassing Saudi Aramco's $25.6 billion IPO in 2019and Alibaba'ssimilar-sized offering in 2014. The planned listing reflects a strong global appetite for AI linked equities even as volatility rises across U.S. technology and semiconductor markets. This comes after Elon Musk's SpaceX and other record-breaking equity offerings in...

Oil & Gas

Compass is poised Compass to end Brazil's almost five-year IPO rut

Compass Gas e Energia SA is set to launch its initial 'public offering' on a Thursday, ending a nearly 5-year IPO stalemate on Brazil’s B3 Stock Exchange due to high interest rates. According to two sources familiar with the transaction, the offering of 89.3 millions shares by the existing shareholders of the gas distributor could generate around 3 billion Brazilian reais (about 600 million dollars). One person said that by early afternoon on Thursday, the orders had nearly tripled the size of the initial?offering. The second source said that despite the high demand, pricing may be at the lower end,...

Oil & Gas

ASM International beats expectations with its second-quarter forecast

ASM International, a computer chip equipment manufacturer, forecast on Tuesday?stronger revenue guidance for the second quarter?than expected by markets?after?a first-quarter result that exceeded expectations. LSEG data estimated that second-quarter revenues would be around 883.9 millions euros, but Europe's second largest maker of chipmaking tool forecasts 980 million euro ($1.15 billion) instead. The first-quarter revenue was 862.5 millions euros, versus the analysts' expectations of 828.5 millions euros. The forecast was published after the European market closed. Analysts felt it was strong enough to distract from the decision to cease publishing the eagerly anticipated new order figures because they are too volatile....

Oil & Gas

The Dutch government claims that the EU has enough jet fuel to last five months.

The Dutch government estimated on Monday that the European Union could supply enough kerosene for the EU economy to last about five months. This would be based on domestic production and strategic reserves. The Iran War has caused a potential shortage of jet fuel within the next few weeks. In a letter sent to the Dutch parliament, it was stated that the domestic supply of jet fuel (or kerosene) is 78% below normal levels as most imports have ceased. The Netherlands is home to several of Europe's biggest refineries, located in the Port?of Rotterdam. The government announced measures to protect...

Oil & Gas

Dutch government offers tax incentives for increasing fuel prices

The Dutch government announced temporary tax breaks on Monday to compensate for the rising cost of fuel. It also said it was preparing a broader package of measures in case energy prices worsen. The government allocated around 1 billion euro ($1.2 billion) to temporary tax relief measures for commuters and truck drivers, but did not lower fuel taxes as many of them requested. These measures include targeted support to lower-income people with energy bills and a?support for homeowners to reduce their consumption. The government stated that there are no immediate fuel shortages as European oil, jet fuel and diesel supplies...

Oil & Gas

Descalzi confirms that Italy has replaced Cingolani at Leonardo with Mariani

The Italian Treasury confirmed an earlier report that Lorenzo Mariani would be the new Chief Executive Officer of Leonardo Defence Group, replacing Roberto Cingolani. Rome, as expected, also proposed the reappointment of Claudio Descalzi at Eni's helm and Flavio Cataneo, Enel's, to their respective energy groups. Cingolani did not win a second term, despite a rise in sales and orders at the state-controlled group since he became its leader in 2023. He also secured a number partnerships with European competitors. Leonardo's shares, which had more than quadrupled in value under Cingolani, dropped this week amid reports of his possible removal,...

Oil & Gas

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France or Benelux. ECB/VILLEROY : According to the Italian newspaper La Stampa, France's central bank chief Francoisvilleroy de Galhau, the?European Central Bank aims to stop any inflation caused by energy. However, it is still too early to talk about dates for interest rate increases. France/Israel: According to a German Foreign Office statement, the foreign ministers from Germany, France, Italy, and Britain have urged Israeli lawmakers to drop a bill that would allow the death penalty to be imposed in Israel. HAL TRUST HAL Trust, a Dutch investment...

Refined Products

Commission data show that EU retail diesel prices reached a record high in the last week.

Weekly data from the European Commission on Thursday showed that diesel prices at the pump in the EU's 27 members?states reached their highest level since records began in 2005. The average EU-27 diesel price per litre was 2.06 euros on 23 March, up from 1.95 euro the previous week. Data is based on fuel prices, including tax. * The average retail diesel price is now above?2 per litre, for the first since June 2022. This was the last major fuel supply shock after the Russian invasion of Ukraine. The EU petrol prices rose to 1,89 euros per litre, up from...

Oil & Gas

Sleijpen, ECB's Sleijpen, says that energy prices will likely hit the wider economy faster than 2022.

Dutch Central Bank Governor,?Olaf Sleijpen?said Tuesday that the rising oil and gas prices will likely affect the economy faster than they did during '2022's energy crisis. The Dutch representative in the ECB Governing Council stated that he and his colleagues would have more information on their April meeting about the second-round effect, which occurs if firms raise?their price to offset higher input cost and employees demand higher wages. We can't control the price of oil and gas, but we are able to act if we notice second-round effects. "I think we'll have more information?on that front - in April", he...

Oil Refineries

Sources say that TotalEnergies has taken over Zeeland's refinery at 100% from its co-owner Lukoil.

Two sources familiar with the matter said that TotalEnergies, the French oil giant, has acquired the remaining 45% of Lukoil's stake in the Zeeland Refinery, located in the Netherlands. Sources did not know whether Total paid for the shares, and if so, how much. Or if they engaged in another agreement, such as a swap of assets with Total's Russian projects, to gain full control. TotalEnergies declined comment. Lukoil didn't immediately respond to an inquiry for comment. In October, the U.S. Treasury issued sanctions against Lukoil to try to pressurize Russia to 'end its war with Ukraine.' This prompted the...

Oil & Gas

TotalEnergies signs power contract for German and British Airbus sites totaling 3.3 TWh

By America Hernandez PARIS, February 5, 2019 - French oil giant?TotalEnergies signed two agreements to supply Airbus with 3.3 terawatt hours of electricity. The companies stated that this amount would cover half the sites’ power needs in the next decade. Germany and Britain are key growth markets for Total. Total is focusing on markets that have deregulated electricity markets, where it can own and build renewable assets and sell directly to clients. The company has a'strategy' that includes owning gas-fired plants and signing supply deals to provide continuous power sourced both from renewables and gas assets. These contracts, which are...

Oil & Gas

Brazil billionaire Batista shuttles from DC to Caracas in search of oil deals

A person with knowledge of the matter said that Brazilian billionaire Joesley Batista had met with Venezuela's interim president Delcy Rodriguez before and after he met with U.S. government officials. He reassured them, according to a source familiar with the situation, that she seemed ready to allow investment in her country's oil and natural gas industry. Source: The Batista's family energy firm Fluxus is evaluating Venezuelan business opportunities. They have consolidated South American assets ever since they acquired it in 2023. Fluxus, Batista and the holding company J&F have declined to comment. The billionaire's?shuttle diplomatics, whose meatpacker JBS is a...

Fossil Fuels

Fossil Fuels

SK Hynix, a South Korean company, will raise up to 29 billion dollars in US listing

SK Hynix, a South Korean company, said it plans to raise as much as 45.45 trillion won ($29.43billion) through a U.S. IPO. The company is aiming to increase its 'investor base' and 'production capacity for artificial intelligence chips. The listing of American depositary receipts, if completed to the top, would be one of the largest ever in history. It is comparable in size with Saudi Aramco’s IPO scheduled for?2019. Investor and analyst reactions to the latest news: CLSA SENIOR ANALYST SANJEEV RANA "If (SK Hynix can) get a valuation multiple that is similar to Micron for example, the local shares...

Fossil Fuels

Europe's EV sales surge as Iran War pushes up petrol prices

Data exclusively shared with shows that demand for electric vehicles has risen in Europe as fuel prices linked to the 'Iran War' have pushed sales of second-hand and new EVs. This is a boost for the auto industry. While?sales for fully electric cars in Europe are expected to grow 30% by 2025, the adoption of EVs on the continent is still behind industry expectations. 'Carmakers - from Fiat-owned Stellantis to Volkswagen, who had invested heavily to meet the expectation of a much higher EV market, have booked multi-billion dollar charges in the past year to cover asset writedowns. The rise...

Natural Gas Utilities

Compass is poised Compass to end Brazil's almost five-year IPO rut

Compass Gas e Energia SA is expected to price its initial public offer on Thursday. This will end a 'nearly 5-year drought' of IPOs in Brazil, caused by high interest rates. According to two people familiarized with the transaction, the sale of 89.3 millions shares by the existing shareholders of the natural-gas distributor could generate around 3 billion Reis ($600 Million). One of the people said that by early afternoon on Thursday, the orders were almost three times larger than the offer. The second source, however, added that despite the high demand, pricing could be at the lower end, at...

Environment

Mineral Resources

Mineral Resources

EU strengthens Europol to combat digital and cross-border crime

The European Commission announced on Wednesday a series of'measures' to help Europol, the EU law enforcement agency, respond more quickly and effectively to cross-border crime. Europol warned in 2017 that organized crime groups were using AI scams to target their victims. Many governments continue to make it a priority to combat smuggler gangs who illegally transport migrants across Europe. * The Commission stated that 'Europol will create a?shared data space? and a sovereign cloud to enable investigators to more easily collaborate on joint cases. The Commission announced that the agency would also open support offices in EU member states, which...

Mining

European shares fall on Fed hike bets and tech drag

European shares dropped at the opening of trading on Tuesday as fears about increased corporate spending in?AI and expectations for imminent rate?hikes from the Federal Reserve dampened sentiment. Most sectors in Europe are trading down, as the pan-European STOXX 600 fell by?0.89%? to 633.61 at 0721 GMT. The tech sector performed well in Europe, but the global trend was positive. As borrowing costs rise, companies that rely on debt to fund their spending will be under pressure. Asian stocks fell sharply as concerns about Middle East supplies eased and were overshadowed by the tech-driven weakness. South Korea's Kospi Index plunged...

Mineral Resources

French and Benelux stocks: Factors to watch

Here are some company news and stories from France and Benelux that could impact the markets in the'region or individual stocks. RENAULT/STELLANTIS :?Demand 'for electrified cars' continued to support growth in Europe's automotive market in May. This offset a sharp drop in petrol and diesel sale and allowed Chinese?brands?to expand their footprint. VALEO - French automotive supplier Valeo has signed a contract with Nissan to provide smart electric vehicle charging using'vehicle to grid technology. VIOHALCO: Belgian Industrial Group Viohalco has launched a 100% secondary bookbuilding offer to institutional investors for about 6,000,000 existing ordinary shares of Cenergy Holdings in which...

Mineral Resources

Arafura, Australia approves rare earths project worth $1.6 billion

Arafura Rare Earths announced on Thursday that it has approved the development of its $1.6 billion Nolans Project in the 'Australian Northern Territory', which will 'become 'the third-largest rare earths operations of the country by the end of this decade. The project is designed to deliver 4,440 metric tons of neodymium-praseodymium (NdPr) oxide annually, targeting markets outside China amid growing demand for rare earths used in electric vehicles and wind turbines. Arafura has secured financing commitments with the export credit agencies in the United States, Canada and Germany, as well as global trading houses and manufacturers. This is because Western...

Mining

French and Benelux stocks: Factors to watch

Here are some company news and stories that could have an impact on markets or individual stocks in?France and Benelux. AMG Critical Materials: AMG Critical Materials, a producer of energy storage materials, announced that it would acquire the remaining 71% Zinnwald Lithium, for 56 million dollars. The acquisition will be funded by 50% cash and 50% new AMG shares. Deal closing is expected in Q3. LVMH: French group LVMH LVMH.PA agreed to sell fashion brand Marc Jacobs?to a joint venture consisting of brand?manager WHP Global, and apparel company GIII 'Apparel Group GIII.O. The companies are raising up to 850 million...

Mining

McEwen Copper hires financial firm to manage $2.4 billion loan for Argentina copper projects

Michael Meding is the vice president and general manager of McEwen Copper. Michael Meding is McEwen Copper’s vice president and manager general. He said that the loan was part of the $4 billion total financing package for the McEwen Copper project. He refused to identify the lender, but said that an announcement will be made shortly. In a recent interview, the executive stated that he had already signed a?agreement? with a company that handled the entire debt package with international export agencies. The project is located in the Andean Province of San Juan. Los Azules is located 3,500 meters above...

Mineral Resources

Russia will auction its seized stakes in gold producer UGC on May 8.

The Russian property agency Rosimushchestvo announced 'on Thursday that it will 'launch an auction for the sale of a 67.2% stake in gold producer Uzhuralzoloto, which the state confiscated last. The agency stated that the stake was worth 140.44 billion Russian roubles, or $1.88 billion. The agency will accept applications up until May 15 with results due by May 18. It was announced that the total value of assets and the starting bid price would be 162.02 billion rubles, with a 2% bidding increment and a 20% deposit required by auction participants. A Russian court ruled in July 2025 that...

Mining

Axios report that US Iran is closing in on a deal has boosted stocks and bonds

After a report by Axios that the U.S. is close to completing a one-page "memo" with 'Iran, the U.S. dollar dropped and stocks and bonds rose. The broad STOXX 600 index in Europe jumped dramatically and ended the day up 2.2%. Energy- and economy-exposed stocks such as?banks, miners, and oil and gas companies fell. According to a report from the U.S., the U.S. is expecting Iranian responses to several key issues?within 48 hours. The report cautioned however that no agreement has yet been reached but stated this was the closest the parties have ever come to an accord since the...

Mining

Savannah accelerates Portugal lithium project and sees longer life span

Savannah Resources, a London-listed company, is speeding up work on its 'lithium project' in Portugal. The CEO,?Emanuel Proenca, said that the company was confident of being able to?become globally competitive, and reduce Europe’s dependence on Chinese supplies for the metal used to make?batteries. Resources at the Barroso deposit in northern Portugal, a lithium bearing mineral, were increased in September from 28 to 39 million tons. This was already Europe's biggest deposit. Proenca stated that 'potential extensions between 35 and 62 millions metric tonnes could push resources above 100 million metric tonnage, more than doubling the mine lifespan projected to more...

Mining

Wall Street Journal, February 26,

These are the most popular?stories from the Wall Street Journal. The Wall Street Journal has not?verified?these stories or?guarantee their accuracy. The Washington Post has lost more than $100 million in the last year due to financial problems that led to the decision to reduce staff by 30% at an earlier date this month. BlueScope Steel, a company based in Australia, said that the revised 'A$15 billion (10.69 billion dollars) proposal by the U.S. Steel Dynamics consortium and 'SGH' does not address the valuation concerns of the firm. It added that there are other ways to increase shareholder value. Wayve, a...

Mining

Ukrainian steelmaker Metinvest explores bond sale as deadline for debt nears

Metinvest, the Ukrainian steel giant, is looking at?issuing new debt in order to pay a bond payment of $430 million due in April. It has also been in discussions to restructure its debt. Metinvest is Ukraine's biggest private?company.?But four years of conflict with Russia has seen it lose around half of its operations. This includes some of its largest steel and coal plants. It paused discussions with a group bondholders earlier this month about restructuring its $1.25 billion debt and said it would look at "alternative liabilities management transactions". Metinvest CEO Yuriyryzhenkov spoke about the impact of the conflict on...

Mining

Ukrainian steelmaker Metinvest explores bond sale as deadline for debt nears

Metinvest, the Ukrainian steel giant, is looking at a new debt issue to cover an upcoming bond payment of?nearly $430 million due in April. It has also been in talks about restructuring. Metinvest is Ukraine's biggest?private company. However, the four years of?punishing war with Russia have?seen?it lose around half of its operations. This includes some of its largest steel and coal plants. It paused discussions with a group bondholders earlier this month about restructuring its debt of $1,25 billion, saying that it would look at "alternative liabilities management transactions". Metinvest CEO Yuriyryzhenkov spoke about the four-year anniversary on Tuesday of...