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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Brent crude and WTI: Oil prices rise as producers announce meeting on output freeze

March 16, 2016

Oil prices rose today on an upcoming meeting in Qatar to discuss freezing ouput at January levels. Brent crude, the global benchmark, rose 0.8 per cent to $39.05 per barrel this morning. Meanwhile, US West Texas Intermediate, the US benchmark, swelled by 1.2 per cent to $36.77. Opec sources told Reuters that a meeting of producers, [...]
Smiths Group share price falls as first half profit drops as oil rout bites

March 16, 2016

Smith Group's total profit was dragged down by a drop in its energy services division. The figures: Engineer Smiths Group's headline revenue fell three per cent to £1.4bn in the six months ended 31 January, down from £1.4bn a year earlier, but in line with expectations. The FTSE 100-listed firm's pre-tax profit shrank nine per [...]
London Stock Exchange group and Deutsche Boerse agree on “merger of equals”

March 16, 2016

The London Stock Exchange group and Deutsche Boerse today agreed on a "merger of equals" which will bolster the two exchanges. If it goes through, LS shareholders will own 45.6 per cent of the new company. Meanwhile, shareholders of the Frankfurt-based exchange Deutsche Boerse will get the remaining 54.4 per cent. Last month, LSE revealed it was in merger talks [...]
Utility giants E.ON, RWE and Vattenfall clash with the German goverment over nuclear policy in court hearing

March 15, 2016

Utility giants clashed with German government officials in court over the country's controversial decision to ditch all of its nuclear plants by 2022. E.ON, RWE and Vattenfall are seeking €19bn (£14.9bn) compensation for the closures, which scrapped one of their main sources of profit. Johannes Teyssen, chief executive of larger peer E.ON, said they were seeking to [...]
Circle Oil share price tumbles as it announces a strategic review

March 15, 2016

Circle Oil shares fell 20.2 per cent to 2.10p this afternoon, after the embattled oil and gas explorer said it had appointed a Investec Bank to conduct a strategic review. The Aim-listed firm said it had extended the redetermination of its $57.5m reserve based lending facility with the International Finance Corporation to 15th April, with [...]
Cairn Energy boosts estimates at its Senegal oil field

March 15, 2016

Oil and gas explorer Cairn Energy has bumped up the resource estimate for its oil field off the coast of Senegal by 20 per cent. The FTSE 250-listed company increased its estimated oil reserves at the field to 385m barrels of oil after positive drilling results. "We are delighted with the results to date of [...]
India wants to unlock $40bn in oil and gas through reforms to encourage investment

March 15, 2016

Global oil inventories continue to rise, ships are being lined up to hold oil, while agencies warn the world is "drowning" in the black stuff. But now India wants to unlock oil and gas resources worth almost $40bn (£28.2bn) by simplifying licensing rules and offering price incentives to recover gas from difficult offshore fields. It currently imports about [...]
World Health Organisation: Environmental hazards kill a quarter of the world’s population

March 15, 2016

Air pollution, dirty water, dangerous workplaces, and unsafe roads are some of the factors behind a quarter of all deaths in the world. New estimates from the World Health Organisation suggest nearly one in four total global deaths in 2012 were the result of living and working in an unhealthy environment. It also found deaths from diseases which aren't infectious [...]
Balfour Beatty share price soars as investors cheer chief executive Leo Quinn’s turnaround plan

March 15, 2016

Investors have applauded a turnaround plan put into place by construction giant Balfour Beatty’s new boss. Shares in Balfour Beatty closed up 3.93 per cent to 261.6p this afternoon. It came despite the company posting a pre-tax loss of £150m in the six months ended 26 June earlier today. "Six months in, our … transformation programme [...]
Balfour Beatty

March 15, 2016

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By: Jessica Morris

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