Jun 10 2021
Resources & environment
Recent Research
Tullow Oil, Transformational refinancing
Apr 29 2021
Providence Resources, Finishing the work
Apr 22 2021
Kenmare, Q1 2021 production update
Apr 15 2021
ITM Power, Positive newsflow
Apr 12 2021
Kenmare, Upgrading forecasts
Apr 7 2021
Meet your Resources & environment Research team
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...
