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ENERGY

The exposure of insecurities

The latest energy emergency plans from the UK include shutting down gas exports to Europe if the energy crisis intensifies. This has aggravated tensions in European energy markets...

Providence Resources

Annual results statement

Providence Resources has published its annual report and results for 2021. It continues to wait for sign off on the lease undertaking at Barryroe and the results statement has...

Tullow Oil

Merger announcement

Tullow Oil is merging with Capricorn Energy in an all-share deal to create a leading oil and gas company in Africa. There is significant logic to the deal. The investment case for both...

Tullow Oil

AGM statement

Tullow Oil has issued an update on operating performance ahead of its AGM later today. Full year production guidance has been maintained following the exercise of the pre-emption rights...

Kenmare

Financial Director to step down

Kenmare has announced that longstanding Financial Director (FD) Tony McCluskey is retiring. The company has now commenced a formal search process to find a replacement. We expect a...

Kenmare

Q1 production report

Kenmare’s Q1 production report reflects volumes in line with those indicated with the preliminary results and impacted by poor weather. Full year volume guidance has been maintained at...

Tullow Oil

Upgrading forecasts

We have made material upgrades to our forecasts. Operating performance is in line with guidance and supported by high oil prices and the recent exercise of the pre-emption rights in...

Kenmare

FY2021 results – a record year

Kenmare has reported record results for 2021 following strong production and positive pricing trends, leading to significant margin expansion and free cashflow. Guidance has been...

Tullow Oil

FY 2021 results reflect further progress

Tullow Oil has reported FY 2021 results that are in line with our forecasts. Net debt has further declined and is set to do so again in 2022. Production guidance is unchanged, while...

Oil and gas

Energy markets – the drivers, the implications, and a change in political direction

Global energy prices continue to make new cycle highs. We outline some of the many drivers behind this. There are broad implications from rising energy prices and we also summarise some...