By: Jessica Morris

I write about energy and industrials for City A.M. I'm particularly interested in geopolitics, energy policy and, of course, the ever lively oil markets.

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Five questions and answers about Libya’s potentially “illegal” oil shipment

April 27, 2016

A ship loaded with 650,000 barrels of potentially illegal oil from war-torn Libya is currently sailing across the ocean. It left a port in what was once one of Africa's biggest oil producers late yesterday. The move has sparked international outcry, with various actors denouncing it as illegal and one country refusing to let the tanker enter [...]
Total share price rises as it swings to profit in the first quarter

April 27, 2016

French energy giant Total swung into profit in the first quarter of this year, partly due to an uptick in refining revenues. The firm's adjusted net income swelled from a loss of $1.8bn (£1.2bn) in the last three months of 2015, to a profit of $1.6bn in the first quarter of this year. While the [...]
Amec Foster Wheeler share price rises after it nabs Halliburton exec as new boss

April 27, 2016

Amec Foster Wheeler said today that its interim boss will be replaced by an exec from US rival Halliburton. Jonathan Lewis will step into his new role on 1 June, when interim chief executive, Ian McHoul, will move into his previous position as chief financial officer. Mr Lewis is currently a senior vice president at Halliburton, where he's held a number of [...]
Ex-Shell economist warns world has much less oil than typically thought

April 27, 2016

Royal Dutch Shell's former chief economist has warned that the world is seriously overestimating how much more oil can be squeezed out of the ground. In a scientific analysis published in Wiley Interdisciplinary Reviews: Energy & Environment, Michael Jefferson says there's evidence global production of conventional oil plateaued and may have even started to decline from 2005. Read more: [...]
Glencore’s biggest shareholder reduces stake in embattled miner

April 26, 2016

Glencore's biggest shareholder has reduced its stake in the embattled miner and trader which has been whipsawed by tumbling commodity prices. The Qatar Investment Authority (QIA) today took its holding below nine per cent according to a regulatory filing. Read more: Glencore's chief executive took home £1.1m last year Today's move could surprise some investors, given [...]
Unions warn that tens of thousands of industry jobs are at risk in South Africa

April 26, 2016

Tens of thousands of jobs in mining, metals and engineering are at risk in South Africa as firms cut costs due to the commodity rout. South Africa's Solidarity union said today that more than 29,000 jobs could go in the mining sector, as well as 8,000 in the metal and engineering industry. The union, which [...]
Prime Minister David Cameron makes first visit to Port Talbot after sale announcement in March

April 26, 2016

David Cameron met with Tata Steel management and unions at the Port Talbot steelworks today during his first visit since the sale plans were announced in March. Tata Steel's sale of its loss-making UK businesses has put tens of thousands of jobs in steel manufacturing and the wider supply chain at risk. Read more: UK steel is globally [...]
Renewables-focused E.On eyes profit of up to €1bn in 2016

April 26, 2016

E.On set its sights today on net income of up to €1bn (£775m) this year as Germany's largest utilities company pushed forward on plans to spin-off its power plant and trading businesses to focus on renewable energy and distribution grids. E.On will list 53.4 per cent of its power plant and trading business, Uniper, providing it secures enough shareholder support at [...]
Cobham shares plunge as it scrambles to secure emergency funding

April 26, 2016

Cobham shares plunged as much as 21.5 per cent this morning after the engineering group issued a profit warning and launched a £500m emergency rights issue. Its push into the commercial market to offset slowing government defence spending on both sides of the Atlantic by snapping up US communications equipment maker Aeroflex two years ago has failed [...]
This mesmerising data viz shows all of the world’s shipping routes

April 26, 2016

From the hub of activity in the East China Sea to the relative quiet of Somalia’s piracy afflicted waters — the below map shows the extraordinary extent of modern shipping’s reach. The map — created by London-based data visualisation and digital journalism studio Kiln and the UCL Energy Institute — charts global merchant fleet movements over the course of 2012. It was made [...]

China could ‘veto’ US access to the world, Trump document says

Drinking in stands hailed as success as more clubs join WSL pilot scheme

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Jessica Morris

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