Resources & environment

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ITM Power

Trading statement reflects further growth

ITM Power has published a trading statement for the fiscal year ending April 30th. The outlook statement refers to the potential production and sale of up to 50MW of electrolysers in...

Tullow Oil

Transformational refinancing

Tullow Oil has announced that it is issuing a $1.8bn senior bond and has received substantial additional liquidity commitments of $600m. Combined with existing cash, the company can redeem...

Providence Resources

Finishing the work

Key financing conditions were not met by SpotOn Energy under the proposed farm-out agreement, so Providence has terminated the agreement and is now progressing an alternative...

Kenmare

Q1 2021 production update

Despite the impact of COVID-19, Kenmare has reported healthy production volumes in Q1 and maintained full year guidance. Demand remains extremely strong, supporting pricing trends for...

Kenmare

Upgrading forecasts

Following Kenmare’s recent full year results, we have upgraded our forecasts. Rising ilmenite prices have boosted revenues and earnings, leading to strong cashflows and further balance...

Kenmare

2020: delivering positive results during a year of transition

Kenmare has reported strong FY 2020 results, allowing for the transition of its business. EBITDA is above forecast due to positive cost management. Rising commodity prices and a...

Kenmare

Operating update

Kenmare has put out a brief operating update, noting an increase in COVID-19 case counts in Mozambique and at Kenmare’s Moma mine. Steps are being taken to minimise the impact and...

Tullow Oil

Full year results in line with an improving outlook

Tullow Oil has reported FY 2020 results in line with our expectations following the operational update in January. The rising oil price has improved the outlook. Wider debt discussions are...

Providence Resources

Extension to financing deadline on farm-out agreement

Providence Resources has announced that the deadline for financing the farm-out agreement with SpotOn Energy at the Barryroe licence has been extended by two months from the end...

ITM Power

Step-change in electrolyser capacity required by Shell

Shell has announced that it is looking at expanding the electrolyser capacity at its Rhineland oil refinery in Germany from 10MW to 110MW. ITM Power (ITM) was awarded the original 10MW...