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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Knowledge centre, sponsored content and restructuring its cost-base: What’s in store for a digital-only Independent

February 12, 2016

Today's announcement from Eugeny Lebedev confirmed the Independent will cease to exist in print form at the end of March, after a 30-year run. Speculation is rife as to whether this strategy was a preferred approach, or if Lebedev’s hand was forced. Either way, it comes as little surprise to industry commentators. The paper’s average circulation figures stand [...]
S&P downgrades Tullow Oil amid low oil prices

February 12, 2016

Standard & Poor's downgraded Tullow Oil due to the credit ratings agency's forecast for oil prices to remain lower for longer. Standard & Poor's (S&P) lowered Tullow Oil to "B" from "B+" and placed it on negative watch, which means it could be subject to further downwards revisions. Other UK-based companies that had their credit ratings chopped [...]
Premier Oil shares jump despite cancelled contract in the Falklands

February 12, 2016

Premier Oil and Rockhopper Exploration today announced the early termination of a drilling contract in the Falklands. The companies said their contract for the Eirik Raude rig was terminated with immediate effect yesterday, due to operational issues. "As a result, Premier will no longer be drilling the Chatham exploration well during the current campaign" it said in a statement [...]
Eurozone fourth quarter economic growth beats expectations

February 12, 2016

The Eurozone economy grew by more than expected in the final three months of last year, nevertheless economists described its performance as steady but disappointing. Eurostat said today that Eurozone gross domestic product grew by 0.3 per cent from October to December, beating economists' forecasts for it to stagnate, Eurostat said today. This was unchanged from [...]
Oil company dividends to fall again this year – but their betting on a near-term rebound in Brent crude prices

February 12, 2016

Dividends from large oil and gas companies will fall again this year, however this is still less than the fall in oil prices, suggesting they're betting on a near-term rebound in oil prices. Markit now expects global dividends from large oil and gas companies to fall by nine per cent to $147bn in 2016. When coupled [...]
Brent crude and WTI: Oil prices jump on renewed Opec deal chatter – but analysts aren’t convinced

February 12, 2016

Crude prices jumped today as renewed chatter about a possible production cut deal swirled around oil markets. Brent crude, the global benchmark, jumped four per cent to $31.26 per barrel. Meanwhile, West Texas Intermediate, the US benchmarked, added 3.8 per cent to $27.19. It came after the United Arab Emirates energy minister Suhail bin Mohammed al-Mazrouei said [...]
Dairy Crest shares churn on losses from in its dairies division

February 11, 2016

Dairy Crest shares fell today after the company said losses in its dairies division continued ahead of its sale to German group Müller. The company, which owns Cathedral City cheese and Frijj milkshakes, now expects net proceeds from the sale before working capital adjustments to be around the lower end of £40m to £50m. Dairy Crest added that [...]
Tate & Lyle share price loses sweetness after it warns of lower profits

February 11, 2016

Shares in Tate & Lyle were left a little less sugary today, after the Splenda sweetener-maker warned its full-year profits would be hurt by falls in the value of the Mexican peso and Brazilian real. Tate shares closed down 7.1 per cent to 540p, after it warned full-year reported adjusted pre-tax profit would be “modestly [...]
BG shares to trade for the last time tomorrow ahead of merger with Shell

February 11, 2016

BG Group shares will trade on the London Stock Exchange for the last time tomorrow, marking an end to the company's 19-year history. It was created when British Gas was split into two separately-listed companies – BG and Centrica – in 1997. BG today said that the High Court of Justice in England and Wales has given [...]
French energy giant Total ramps up cost-cutting measures to combat low oil prices

February 11, 2016

French oil major Total today announced plans to ramp up its cost-cutting measures, to combat the oil price rout which has wrought havoc on balance sheets across the industry. Total will reduce its capital expenditure to around $19bn (£13.1bn) this year, down more than 15 per cent from 2015. It's also targeting asset sales of $4bn in [...]

TikTok no longer in limbo as it seals US deal

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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