Latest news with #gas
Bloomberg
an hour ago
- Business
- Bloomberg
Ukrainian Oil and Gas Firm Meets With Investors as Payments Loom
Ukraine's largest private oil and gas company is meeting with bond investors in London next week as it faces more than $70 million in debt payments this year and the threat of supply disruptions from Russian attacks on its facilities near the front line. The management of DTEK Oil & Gas, which is owned by Rinat Akhmetov, Ukraine's richest man, will meet bond investors in person to provide an update on the company's performance on June 23 and June 24. The firm operates oil and gas fields in the Poltava, Sumy and Kharkiv regions, which are close to areas of active combat. Its Poltava gas plant was attacked directly in March.
Zawya
3 hours ago
- Business
- Zawya
African Energy Week (AEW) 2025 Upstream E&P Track to Foster Dialogue and Deals Amid African Exploration Surge
Amid Africa's ongoing exploration and production surge, this year's African Energy Week (AEW): Invest in African Energies conference will host a dedicated Upstream E&P Track. The track - taking place as part of the main conference agenda from September 29 to October 3 – will tackle the most pressing challenges and opportunities across the upstream oil and gas sector, delving into topics such as deepwater development, onshore prospects, the role of independent firms and balancing African priorities with global supply dynamics. As the largest event of its kind on the continent, AEW: Invest in African Energies 2025 represents the platform of choice for Africa's upstream sector. Africa's upstream oil and gas sector is on the precipice of significant growth, boosted by a $54 billion capital expenditure drive expected by 2030. Across the continent, both established oil and gas markets and frontier players are seeking capital to bolster production while unlocking new basins in deepwater and onshore basins. The continent's exploration surge is further supported by growing demand in African markets as well as a rise in global gas imports. The AEW: Invest in African Energies 2025 Upstream E&P Track will explore these shifting dynamics, offering a platform for new exploration and production deals to be signed. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. To entice greater spending across the upstream sector, many African countries are laying the foundation for new investments by both majors and independent energy companies. A string of licensing rounds is being launched in 2025, offering exploration opportunities across a variety of acreage. Licensing rounds are planned in Angola, the Republic of Congo, Tanzania, Mauritania and South Africa, while Libya, Nigeria, Algeria and Liberia have already launched their respective bid rounds. The Upstream E&P Track will explore the impact of these rounds. Sessions include What's Next for African Upstream in 2026; Exploration Hotspots; and Basins Without Borders: Unlocking the Full Potential of Cross-Border Basins in the Transform Margin. Additionally, panel discussions will examine emerging prospects in frontier basins, with sessions taking place on Frontier Plays Within Africa's Mature Basins; Offshore and Deepwater Plays; and Unlocking Africa's Onshore and Shallow-Water Potential. While global energy majors expand their portfolios in Africa, independent oil and gas firms are taking on a more prominent role in exploration and production. International oil company divestment has opened-up new pathways for African independents, and as such, more companies are taking the lead on asset development. AEW: Invest in African Energies will host panel discussions on The Making of an African Independent; Technology and Innovation: Rethinking Asset Development to Accelerate Upstream Success; as well as Crude Value Benchmarking with Ever-Changing Light, Heavy Balance, exploring opportunities for independents in Africa. Meanwhile, with global gas demand projected to increase 10% between 2021 and 2030, African countries are strategically positioned to accelerate exploration and play a more central role in global supply chains. With over 620 trillion cubic feet of proven gas reserves on the continent – most of which remains under-developed – Africa has a unique opportunity to leverage its resources to produce low-carbon, cost-effective fuel. Panel discussions on Decarbonizing Pathways for African Oil and Gas; The Outlook for Global LNG; and The Role of African LNG in a Dynamic Export Market will address these opportunities, while a session on Beyond Exports: Developing Commercially Viable Domestic Gas Markets, will examine how the continent can leverage its resources for domestic growth. The track will also feature panel discussions on strategic oil and gas markets in Africa, including Algeria, Equatorial Guinea, Angola, and more. These sessions are geared towards companies seeking growth opportunities in proven markets and are expected to unlock new deal-signing and partnerships prospects. Beyond panel discussions, the Upstream E&P Track will feature a series of fireside chats, with participating companies including Renaissance Africa Energy, Northern Ocean, Seplat Energy and more. 'Africa's upstream oil and gas market is witnessing a surge of investment, as operators seek to expand their portfolios and governments target near-term production. Amid this growth, strategic financing gaps have emerged. The AEW: Invest in African Energies 2025 Upstream E&P Track seeks to address these challenges by bringing together major players from the market to engage and sign deals,' says Oré Onagbesan, AEW: Invest in African Energies Program Director. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
3 hours ago
- Business
- Zawya
Angola Strengthens United States (US) Energy, Mineral Ties with Sonangol-Massachusetts Institute of Technology (MIT) Cooperation Agreements
Angola's national oil company Sonangol has signed two agreements with the Massachusetts Institute of Technology (MIT) – a private university based in Boston, United States (US) – aimed at strengthening cooperation and knowledge-transfer in the fields of oil, gas and critical minerals. The agreements – dubbed the MIT Industrial Liaison Program (MIT-ILP) and MIT Africa – seek to strengthen US-Africa ties by facilitating greater collaboration and skills development opportunities. The African Energy Chamber (AEC) – the voice of the African energy sector – commends Angola and Sonangol for forging this strategic alliance with one of the world's leading innovation institutions. The AEC believes partnerships of this nature are vital to accelerating Africa's energy transition while equipping the next generation of African professionals with the skills and knowledge required to drive industrial growth, energy security and sustainable resource development. The agreements were signed by Sonangol CEO Sebastião Gaspar Martins and MIT Executive Vice President Glan Shor during a meeting presided over by Angola's Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo. A core focus of the meeting and the subsequent agreements was to explore opportunities to support Angolan resource development by leveraging global research, innovation and technology. With goals to increase oil production, diversify the industry through innovative gas projects and advance the development of alternative energy sources such as green hydrogen, Angola has committed to working with global partners to transform ideas into solutions. The agreements serve as catalyst for these objectives by laying the foundation for bilateral research and development. Under MIT-ILP, Sonangol and MIT will work together to develop strategic industries such as energy, mining, engineering, construction and infrastructure. According to Minister Azevedo, this program will enable Sonangol to directly interact with MIT research centers in key areas, thereby accelerating innovation in the oil sector while facilitating a just energy transition. Minister Azevedo shared that visiting MIT showed the Angolan delegation how applied research is closely linked with humanity's real challenges – notably, clean energy, artificial intelligence, resilient infrastructure and digital transformation. MIT-ILP will support the development of Angolan expertise and innovation. Meanwhile, MIT Africa features two programs - Global Classroom and Global Teaching Labs - aimed at facilitating knowledge-exchange, staff training, joint research and academic mentoring. Both the Global Classroom program and Global Teaching Labs program allow Angolan educational institutions to tap into US expertise, with the aim of supporting skills development in Angola. Among the Angolan institutions that will directly benefit from this cooperation are the Instituto Superior Politécnico de Tecnologias e Ciências and the Sonangol Research and Development Center. These institutions will be at the forefront of implementing these innovative programs. 'Through these mechanisms, Angola will be able to benefit from innovative teaching methodologies and collaborative experiences that value national talent and promote the internationalization of our higher education,' Minister Azevedo shared. 'These agreements are more than protocols: they are commitments with concrete impact in the short, medium and long term, in the fields of advanced training, scientific research, technological development, energy transition, decarbonization and industrial innovation. I believe that Angola's future is built on knowledge, serious partnerships and strategic vision.' The agreements come as Angola and the US take concrete steps to deepen strategic partnerships within the oil, gas, critical mineral and renewable energy sectors. Meetings held by Minister Azevedo and the US Secretary of Energy Chris Wright this week highlighted areas of cooperation, with the parties committing to working together to achieve a balanced energy transition. Future cooperation will be largely built on the success American companies have had in Angola as well as cooperation in new industries such as critical minerals, renewable energy and infrastructure. In the oil and gas space, companies such as ExxonMobil and Chevron continue to make significant strides towards unlocking greater exploration and production opportunities. ExxonMobil has recently extended its license for Angola's Block 17 – one of the country's longest-producing assets – in partnership with TotalEnergies. The company is also seeking play-opening discoveries in the offshore Namibe basin while drilling new wells under the country's Incremental Production Initiative. Chevron is making in-roads in the natural gas sector with its stakes in the Angola LNG plant and upstream gas projects. In late-2024, the company started production at the Sanha Lean Gas Connection project, which increases feedstock for Angola LNG – supporting exports. Chevron also has stakes in the New Gas Consortium, the operator of Angola's first non-associated project, coming online in late-2025. Leveraging the expertise of these players and strengthened cooperation in research and development, Angola is well-positioned to realize its industry goals. Distributed by APO Group on behalf of African Energy Chamber.
Yahoo
5 hours ago
- Business
- Yahoo
Calculating The Intrinsic Value Of Nordwest Handel AG (FRA:NWX)
The projected fair value for Nordwest Handel is €18.16 based on Dividend Discount Model With €20.60 share price, Nordwest Handel appears to be trading close to its estimated fair value The average discount for Nordwest Handel's competitorsis currently 52% How far off is Nordwest Handel AG (FRA:NWX) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today's value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. We have to calculate the value of Nordwest Handel slightly differently to other stocks because it is a trade distributors company. Instead of using free cash flows, which are hard to estimate and often not reported by analysts in this industry, dividends per share (DPS) payments are used. Unless a company pays out the majority of its FCF as a dividend, this method will typically underestimate the value of the stock. The 'Gordon Growth Model' is used, which simply assumes that dividend payments will continue to increase at a sustainable growth rate forever. For a number of reasons a very conservative growth rate is used that cannot exceed that of a company's Gross Domestic Product (GDP). In this case we used the 5-year average of the 10-year government bond yield (1.3%). The expected dividend per share is then discounted to today's value at a cost of equity of 6.8%. Relative to the current share price of €20.6, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = €1.0 / (6.8% – 1.3%) = €18.2 Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Nordwest Handel as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.8%, which is based on a levered beta of 1.271. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Nordwest Handel Strength Currently debt free. Dividend is in the top 25% of dividend payers in the market. Weakness Earnings declined over the past year. Current share price is above our estimate of fair value. Opportunity NWX's financial characteristics indicate limited near-term opportunities for shareholders. Lack of analyst coverage makes it difficult to determine NWX's earnings prospects. Threat Paying a dividend but company has no free cash flows. Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Nordwest Handel, we've compiled three further items you should look at: Risks: For instance, we've identified 3 warning signs for Nordwest Handel that you should be aware of. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! Other Environmentally-Friendly Companies: Concerned about the environment and think consumers will buy eco-friendly products more and more? Browse through our interactive list of companies that are thinking about a greener future to discover some stocks you may not have thought of! PS. Simply Wall St updates its DCF calculation for every German stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Business
- Yahoo
Why Big Oil Isn't Afraid of Peak Oil Demand
Big Oil firms expect global oil demand to stop growing at some point early next decade. But the decline will be very slow and gradual and will look more like a plateau than a downward spiral. The world's biggest international oil and gas companies have started to acknowledge that demand growth could slow or stop within a decade. But these firms keep pumping oil and gas more than they did earlier this decade as they expect that oil demand – regardless of a peak – isn't going the headline-grabbing surge in renewable energy capacity, solar and wind cannot replace fossil fuels in many industrial processes and production while demand for petrochemicals drives increased oil and gas consumption. The strategic shift of BP and Shell from early this decade to boost investments in renewables while scaling back oil production lasted only a couple of years. Europe's Big Oil found out firsthand that the renewables business isn't bringing the profits that the core oil and gas business is generating. Faced with the difficult task of rewarding shareholders with attractive yields and payouts and stopping the investor outflow from the industry, and with an energy crisis with soaring oil and gas prices, Shell and BP drastically scaled on their ambitions in renewables and shifted their focus on oil and gas again. Equinor of Norway, where electric vehicles hold an enormous market share and power comes from hydro and wind, also reduced investments in renewables, in order to boost returns for shareholders and adapt to an uneven energy transition. The Norwegian major, which dropped 'oil' from its name and rebranded to Equinor seven years ago with more renewables business in mind, acknowledged that market conditions in the clean energy sector have changed and the energy transition is going forward with an uncertain and uneven pace. At the same time, Equinor, which now produces a large part of the gas going to Europe via pipelines, expects to keep a high level of oil and gas production in Norway 'all the way to 2035.' 'What we are working on is to make sure that we are able to squeeze every molecule out of the Norwegian continental shelf,' chief executive Anders Opedal told the Financial Times. 'So we have to drill around 100 wells a year for the next decade.' Low returns from higher-cost renewables and the uncertain pace of the transition amid the push for security of supply have had European majors scale back plans and investments in renewables and look to grow low-cost lower-carbon oil and gas production. In the U.S., ExxonMobil and Chevron didn't have to pivot as they weren't deep into renewable energy even before the 2022-2023 energy crisis and soaring the International Energy Agency (IEA), which has just doubled down on its forecast of peak oil demand by the end of this decade, Big Oil companies don't see any peak by 2030. Some have put a peak at some point in the 2030s, but all say that oil and gas will remain essential for global economic growth and development in 2050. 'Under any credible scenario, oil and natural gas remain essential,' ExxonMobil says in its latest Global Outlook to 2050. The U.S. supermajor also believes that 'Lower-carbon technology needs policy support to grow rapidly but ultimately must be supported by market forces.' In 2050, more than 50% of global energy demand will still be met by oil and natural gas, Exxon reckons. 'The world will be different in 2050, but the need to provide the reliable, affordable energy that drives economic prosperity and better living standards, while reducing greenhouse gas emissions, will remain just as critical as it is today,' it says. Shell's CEO Wael Sawan has said that reducing global oil and gas production would be 'dangerous and irresponsible' as the world still needs those hydrocarbons. In its 2025 Energy Security Scenarios, Shell sees oil demand likely to grow by 3?5 million barrels per day (bpd) into the early 2030s, with a long but slow decline after that as petroleum remains an affordable and convenient fuel, particularly in transport, and an important feedstock for the petrochemical industry. In all three scenarios analyzed by Shell, upstream investment of around $600 billion a year 'will be required for decades to come as the rate of depletion of oil and gas fields is two to three times the potential future annual declines in demand.' In the most-discussed strategy reset this year, BP slashed spending on clean energy and boosted upstream investments. The UK-based supermajor will aim for 10 new major oil and gas projects to start up by the end of 2027, and a further 8–10 projects by the end of 2030. Production is also expected to grow: to 2.3–2.5 million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035. That's a stark departure from BP's previous strategy to lower oil and gas output by 2030. 'We will grow upstream investment and production to allow us to produce high margin energy for years to come,' CEO Murray Auchincloss said. Whenever peak oil demand occurs, it will not be a steep downhill in global consumption—it will be a long plateau with a soft decline afterward, Big Oil says. A steep drop could only occur if there is an aggressive political push toward net-zero emissions by 2050, Shell's head of scenario planning, Laszlo Varro, told FT. But such a push would be 'significantly outside society's current comfort zone.' By Tsvetana Paraskova for More Top Reads From this article on Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
