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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Centamin share price jumps as it ramps up gold production

April 7, 2016

Shares in London-listed Centamin sparkled today after the gold miner ramped up production at its flagship mine. Centamin shares rose as much as 7.1 per cent to 97p in late morning trade, giving the company a market capitalisation of £1.1bn. Centamin said production from the Sukari gold mine in Egypt rose by 6.5 per cent to 125,268 ounces [...]
Venezuela declares every Friday a holiday as energy crisis bites

April 7, 2016

Venezuela has declared that every Friday for the next two months will be a holiday. In a televised speech last night, Venezuela's president Nicolas Maduro said: "We'll have long weekends." While your typical workers probably dreams of a four-day working week, more time off for Venezuelans is actually the result of a crippling energy crisis. Read more: Socialism has created [...]
Volvo to put local, ordinary civilians in driverless cars in China

April 7, 2016

Volvo will put local, ordinary civilians behind the wheels of its driverless cars in China, as it tries to take the danger out of driving by the end of the decade. The Swedish company will test up to 100 such cars on express roads and highways which lead into its many mega cities, company executives told Reuters. While it's [...]
North sea oil companies profitability languishing near 20-year lows

April 6, 2016

The profitability of the North Sea oil sector has fallen to its lowest level since 1997, as low oil prices continue to bite. UK Continental Shelf firms rate of return on their investments fell from 1.9 per cent in the third quarter of last year to 0.6 per cent in the last quarter of 2015, according to [...]
US seeks to block Halliburton-Baker Hughes deal

April 6, 2016

The US Department of Justice today filed a lawsuit to stop what would be the largest oil field services acquistiion ever. The DOJ said Halliburton's acquisition of its smaller rival Baker Hughes would hamper competition, raise prices, and reduce innovation across the industry. "The proposed deal between Halliburton and Baker Hughes would eliminate vital competition, skew energy markets [...]
Marathon Oil denies early closure of key North Sea site

April 6, 2016

A US oil major has rebutted claims that it wants to accelerate the closure of a strategically important oil field in the North Sea. It comes after media reports suggested Marathon Oil would shutdown the giant Brae Field earlier than planned after a serious gas leak in December last year. Sir Ian Wood, former chairman of [...]
Marathon oil

April 6, 2016

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Russia reveals more details about potential freeze deal

April 6, 2016

Russia has revealed more details about a potential freeze deal between Opec and non-Opec producers that could come out of a meeting in Doha. Sources told Reuters that Russia believes an oil price at $45-$50 per barrel is acceptable to allow the global oil market to balance. It also expects a production freeze deal to accelerate this process by [...]
Glencore share price falls after sale of agriculture stake disappoints

April 6, 2016

Glencore shares fell today, after investors were left disappointed by the commodities miner and trader's sale of a minority stake its agriculture arm to Canada's largest pension fund. Glencore today confirmed it had sold a 40 per cent stake in its agriculture division to the Canada Pension Plan Investment Board (CPPIB) for $2.5bn (£1.8bn). The Swiss group's shares had popped at the [...]
Petroceltic share price dives as Worldview appears set to win long-running feud

April 6, 2016

Activist investor Worldview Capital appears to have won its long-running feud with Irish oil explorer Petroceltic. Worldview, Petroceltic's largest shareholder with 29.6 percent, has made repeated overtures over the last 18 months for changes to the board and the strategic direction of the group. Read more: Petroceltic and Worldview lock horns again and urge shareholders to [...]

Bolt expands London e-bikes ahead of Tube strike disruption

Enhanced Games, Lance Armstrong and the truth about why we hate doping

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By: Jessica Morris

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