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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.


TSX:VET - Post by User

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Post by Commr51bkdon Jan 07, 2020 11:05am
104 Views
Post# 30525914

More on striking in France situation re refineries

More on striking in France situation re refinerieshttps://www.breitbart.com/europe/2020/01/07/oil-refineries-join-transport-workers-as-france-anti-macron-govt-strikes-enter-34th-day/

PARIS (AP) – France’s government and unions appeared still far apart after talks resumed Tuesday over proposed pension reforms that have triggered record-setting strikes, hobbling the country’s train network, making commuting miserable for Parisians and spreading to oil refineries.

Prime Minister Edouard Philippe struck a determined tone after the initial morning discussions, sticking to the government’s tight timetable for getting its pension proposal through parliament before the summer recess.

The CGT union came out of the talks vowing more strikes and calling for more people to take the streets.

The protracted battle over pension reform, with more than a month of punishing walkouts, is proving to be one of the toughest domestic tests for centrist President Emmanuel Macron since his 2017 election on a platform of promises to modernize the French economy.

Philippe said the pension reform bill will be presented to the Cabinet on Jan. 24 and for parliamentary debate from Feb. 17.

“It´s a good meeting,” he said, adding that further discussions with unions would drill down into the minutiae of the government’s plans.

But union representatives gave a grim readout of Tuesday’s encounter at the Labor Ministry.

“The strikes aren´t about to stop,” said Catherine Perret of the CGT union. She urged people to turn out en masse for rallies called for Thursday.
Among the principal points of contention is the proposal to push back the age at which retirees would be eligible for full pensions, from 62 to 64.

The government also wants to end some of the special pension deals that allow a minority of workers to retire in their fifties.

The government insists the new system will be fairer to all French workers and be financially sustainable. Philippe said before the talks resumed that the reform would create “a better retirement system tomorrow than the one that exists today.”

“To find a compromise, everyone has to budge a little bit,” Philippe said on RTL radio.

Tuesday marked the 34th day of disruptive train strikes and walkouts in the Paris Metro.

Oil refinery workers joined the walkouts. Union leaders vowed that “not a drop” of gasoline would be allowed through strikers’ lines, seeking to pile pressure on the government with the specter of possible shortages at pumps for motorists.

Emmanuel Lepine, representing chemical industry employees at the CGT union, said workers were striking at seven of eight French refineries. He said their walkouts would last through Friday.

Workers are demanding “the withdrawal of this reform that no one wants,” Lepine said on France Info radio.

The government played down the impact of refinery disruptions, saying France has fuel stocks to last beyond three months and that more than 98% of the country’s 11,000 gas stations are completely unaffected.

 

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