HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Mar.2025) — MODS, a provider of intelligent industrial asset management software, secured a 2-year contract with one of the world’s largest industry-leading offshore engineering consultancies. The agreement will see MODS’ new client implement key modules from the MODS Connect software suite to enhance […]
Category: Europe
Europe energy
COMMENTARY: Time for the US, OPEC, Europe China, Asia and Russia to Negotiate
CARACAS, VENEZUELA (Carlos A. Rossi, Energy Analytics Institute, 5.Mar.2025) — A crucial point behind Europe’s motivation to support Ukraine’s president Volodymyr Zelenski is simply to not be left behind and ignored in any oil derivative deal certain to come out of any peace negotiation between the US and Russia. Europe understands […]
First Formal Agreement to Use Norway for Zero- and Low-Emission Aviation Signed
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Mar.2025) — Avinor and the Civil Aviation Authority entered a collaboration to establish Norway as an international test arena for zero- and low-emission aviation in Apr. 2024 on 4 Mar. 2025, the first formal agreement for demonstration flights was signed at Bergen Airport, […]
Equinor Reports Norwegian Sea Gas Find
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Mar.2025) — Equinor and its partners, Okea and Pandion Energy, have proven gas and condensate in the “Mistral Sør” exploration well in the Halten area, situated in the southern part of the Norwegian Sea. Preliminary estimates indicate the discovery contains 3-7 million standard […]
US Allies and Foes Braced for More Uncertainty Under Trump 2.0
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 5.Mar.2025) — US tariffs and sanctions have come to the forefront of oil markets and the global economy and oil demand could be impacted by imposition of tariffs and wider uncertainty, according to the Oxford Institute for Energy Studies (OIES) director Bassam […]
NRGBriefs Feb. 2025: Pemex Deer Park, Oxy on CrownRock, Sunoco on Mexican Drug Cartels
HOUSTON, TEXAS (Energy Analytics Institute, 28.Feb.2025) — Energy briefs as well as others related to finance and projects during Feb. 2025 including Petrobras on record gas discoveries in Colombia; Talos Energy‘s appointing Paul Goodfellow as president and CEO; Pemex looking to reach a production level of 285,000 b/d at Deer […]
Flex LNG on European Union’s Emissions Trading System (EU ETS)
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Feb.2025) — Commencing 1 Jan. 2024, the European Union’s Emissions Trading System (EU ETS) was extended to cover carbon dioxide (CO2) emissions from ships over 5,000 gross tons entering EU ports. The EU ETS covers: (1) 50% of emissions from voyages either starting […]
Bristow Highlights Headwinds Amid Opportunities in Nigeria, Brazil and Suriname
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 26.Feb.2025) — Bristow Group Inc., a global provider of innovative and sustainable vertical flight solutions, expects market conditions to remain constructive in 2025-26 amid headwinds facing the global energy sector. “Increased activity in the offshore energy industry, a tighter equipment market, and inflationary […]
LatAmNRG Heard: Halliburton Argentina Firings, Equinor’ Vaca Muerta Assets
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.Feb.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 21 Feb. 2025. —Argentina: Halliburton said to have fired 300+ workers in Comodoro in Argentina, according to union officials in the South American country. —Argentina: Equinor […]
Pan Global Eyes Testing 5 New Targets at Escacena in Southern Spain
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 20.Feb.2025) — Pan Global Resources Inc. said that at the high-priority Bravo target at it 100%-owned copper, tin, gold, silver Escacena project in southern Spain that the planned induced polarization (IP) survey has been completed following several weather interruptions. The IP survey results […]
Equinor to Pay Cash Dividend on 28 Feb. 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Feb.2025) — Equinor ASA announced on 24 Oct. 2024 an ordinary cash dividend per share of $0.35 and an extraordinary cash dividend per share of $0.35 for third-quarter 2024 (3Q:24). The NOK cash dividend per share is based on average USDNOK fixing rate […]
Viridien and Matnex to Accelerate AI-powered Materials Discovery
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Feb.2025) — Viridien and Materials Nexus Ltd. (trading as Matnex) will partner to scale Matnex’ computational capacity for the discovery and production of groundbreaking materials. The Viridien and Matnex partnership reflects a shared goal to accelerate innovation and reduce the environmental impact of […]
Repsol Selects IBS Software for Logistics Operations
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 19.Feb.2025) — Spain’s Repsol selected IBS Software to transform its primary logistics operations across multiple locations. The partnership will see Repsol adopt IBS Software’s iLogistics Control Tower solution streamlining logistics and providing an end-to-end view of the supply chain to enhance decision-making […]
TotalEnergies and Air Liquide to Develop 2 Green Hydrogen Projects in the Netherlands
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Feb.2025) — TotalEnergies signed agreements with Air Liquide to develop 2 projects in the Netherlands, for the production and delivery of some 45,000 tons a year (t/y) of green hydrogen produced using renewable power, generated mostly by the OranjeWind offshore wind farm, developed […]
Equinor to Appeal €4mn Fine from French Energy Regulatory Commission (CRE)
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 13.Feb.2025) — Equinor plans to appeal the decision of the French Energy Regulatory Commission (CRE), which imposed a fine of €4mn on the Norwegian company for 2 cases of REMIT (Regulation on Wholesale Energy Market Integrity and Transparency) violations connected with the booking […]
Protected: Aker BP Eyes Production of 525,000 boe/d in 2028
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Saverex Launches Public Takeover Offer for all Outstanding Exmar Shares
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 12.Feb.2025) — Saverex NV launched its previously announced voluntary and conditional public takeover offer for all shares of EXMAR NV not yet directly or indirectly owned by the offeror or persons affiliated with it. The initial acceptance period in respect of the offer […]
Protected: Mexican Developers Eye Coatzacoalcos II Small-scale LNG in Veracruz
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CERAWeek by S&P Global: Houston, 10-14 Mar. 2025
HOUSTON, TEXAS (S&P Global, 10.Feb.2025) — The 43rd annual gathering of CERAWeek by S&P Global—the world’s preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, 10-14 Mar. 2025 in Houston. CERAWeek 2025: Moving Ahead: Energy strategies for […]
Aker BP Takes Over Oda Field as Operator
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Feb.2025) — Aker BP took over the operatorship of the Oda field from Sval Energi on On 1 Feb. 2025. Oda is located 14km east of Ula. The development concept is a subsea template with 2 production wells and 1 injection well tied […]
TotalEnergies Says Gas Market to Remain in Tension in 2025
HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2025) — TotalEnergies expects the gas market to remain tense in 2025 owing to “very limited expected capacity additions related to delays of some projects.” TotalEnergies expects its liquefied natural gas (LNG) sales to exceed 40 million tonnes (Mt) in 2025, up slightly compared to […]
TotalEnergies Proposes €3.22/share Dividend Fiscal Year 2024
HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2025) — The Board of Directors of TotalEnergies decided to propose at the shareholders’ meeting on 23 May 2025, the distribution of a dividend of €3.22/share for fiscal year 2024. This is up 7% compared to the dividend for fiscal year 2023 of €3.01/share and […]
Energize Partners with X-ELIO to Advance Climate Goals
HOUSTON, TEXAS (Energy Analytics Institute, 4.Feb.2025) — X-ELIO signed a multi-buyer Power Purchase Agreement (PPA) with an Energize program cohort that enables 4 companies to purchase 245 GWh of renewable energy annually for the next 10 years. Companies involved in the agreement include Thermo Fisher Scientific, Haleon, Gilead Sciences and […]
Exxon Selects Baker Hughes for Chemicals Services for Uaru and Whiptail Developments
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Feb.2025) — Baker Hughes revealed a significant award from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s prolific Stabroek Block. The multi-year contract includes all topsides, subsea, water injection and utility […]
Baker Hughes to Provide Solutions to Argent LNG’s 24 MTPA Port Fouchon Export Facility
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Argent LNG LCC selected Baker Hughes as the liquefaction solution and related services provider for its proposed liquified natural gas (LNG) export facility in Port Fourchon, Louisiana. Baker Hughes will supply cutting-edge liquefaction solutions, power generation equipment, and gas compression systems for the facility, […]
Baker Hughes to Deploy Leucipa Automated Field Production Solution in Niger Delta
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Baker Hughes announced an agreement with NNPC Limited/FIRST Exploration & Petroleum Development Company (FIRST E&P) joint venture (JV) to deploy the Leucipa automated field production solution. Leucipa will be implemented on the JV’s offshore operations in the Niger Delta, marking the […]
Baker Hughes to Develop Small-Size Ammonia Turbines with Hanwha
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Baker Hughes, Hanwha Power Systems and Hanwha Ocean announced a Joint Development and Collaboration Agreement (JDCA) for a new small-size turbine for ammonia applications which will leverage Baker Hughes’ small-size gas turbine technology and Hanwha’s ammonia combustion system. The agreement was signed during the Baker […]
Equinor Awards Lufttransport as Operator for 5 New Helicopters
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Equinor awarded Tromsø-based Lufttransport RW AS the assignment of operating 5 new helicopters from manufacturer Leonardo to be used to transport passengers on the Norwegian continental shelf (NCS) from Sola and Florø. The helicopters are type AW189 aircraft, which are part […]
Baker Hughes Eyes 100 MTPA of FIDs in 2024-2026
HOUSTON, TEXAS (Energy Analytics Institute, 30.Jan.2025) — Baker Hughes expects 100 million tonnes per annum (MTPA) of final investment decisions (FIDs) between 2024-2026, according to the company’s chairman and CEO Lorenzo Simonelli. This level of activity would increase global capacity and supports Baker Hughes’s long-standing forecast of 800 MTPA by […]
Equinor Reveals 2024 Safety Results
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Jan.2025) — Equinor‘s 2024 safety results show an overall positive trend at the end of the year despite the year being marked by the helicopter accident that occurred outside Bergen on 28 Feb. 2024, in which an Equinor employee lost her life. “This […]
TotalEnergies to Supply 1.5 TWh to STMicroelectronics Over 15 years
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Jan.2025) — TotalEnergies and STMicroelectronics, a semiconductor serving customers across the spectrum of electronics applications, inked a physical Power Purchase Agreement (PPA) to supply renewable electricity to STMicroelectronics sites in France. In the case of a “physical” PPA, the renewable electricity and the […]
Enilive Begins SAF Production at Gela Plant in Sicily
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Jan.2025) — Enilive announced commissioning of its first plant to produce sustainable aviation fuel (SAF) at the Gela biorefinery, in Sicily, Italy. Production has started at the plant, Eni said 22 Jan. 2025 in an official statement. The plant has a capacity of […]
SEFE and Höegh Evi Ink MOU for Clean Hydrogen Supply Chains
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Jan.2025) — Securing Energy for Europe (SEFE) and marine infrastructure provider Höegh Evi inked a Memorandum of Understanding (MOU) to jointly develop international supply chains for clean hydrogen to be delivered to Germany and other locations in Europe. Together, the two companies will […]
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IMF Expects World Output to Rise 3.3% in Both 2025 and 2026 [PDF Download]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Jan.2025) — The International Monetary Fund (IMF) projects global growth at 3.3% both in 2025 and 2026, below the historical (2000–2019) average of 3.7%. Within Latin America and the Caribbean, Brazil is projected to grow 2.2% in both 2025 and 2026, while Mexico, the […]
Reficar Ends Long Legal Process with Chicago Bridge & Iron Company N.V.
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 16.Jan.2025) — Refinería de Cartagena S.A.S. (Reficar) was notified of a decision issued by the Court of the Southern District of New York, which ended a long legal process with Chicago Bridge & Iron Company N.V., CB&I UK Limited. The decision denies […]
Orvana’s Don Mario Project in Bolivia Eyes Commercial Production by Early-2026
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 16.Jan.2025) — Orvana Minerals Corp. provided a progress update for construction and financing activities at Don Mario (Bolivia) and reported production and exploration updates for the first-quarter of fiscal year 2025 (Q1 FY2025) ending 31 Dec. 2024 from Orovalle (Spain). “We are pleased […]
Equinor Awarded 27 New Norwegian Continental Shelf (NCS) Production Licenses
(Editors at Energy Analytics Institute, 13.Jan.2025) — Norway’s Equinor was awarded 20 licenses in the North Sea, 6 in the Norwegian Sea and 1 in the Barents sea. Equinor is the operator of 7 of the licenses and a partner in 20, the company said 13 Jan. 2025 in an […]
Pan Global Reports on Advances at Escacena and Cármenes Projects in Spain
(Editors at Energy Analytics Institute, 9.Jan.2025) — Pan Global Resources Inc. provided a summary of major milestones during the 2024 exploration programs at the company’s 100%-owned Escacena and Cármenes copper-tin-gold projects in Spain. Achievement highlights in 2024 reported 9 Jan. 2025 by Pan Global in an official statement include the […]
SAExploration Finalizes inApril AS Purchase, Improving Services for Global Seismic Customers
(Editors at Energy Analytics Institute, 6.Jan.2025) — International oilfield services company SAExploration Holdings, Inc. completed the acquisition of Norway-based seabed seismic equipment supplier inApril AS. inApril will operate as a separate business unit of SAExploration and will continue to provide its popular inApril products and technology in support of seismic […]
Equinor Reports Highest Ever Production in 2024 at NCS Troll Field
(Editors at Energy Analytics Institute, 6.Jan.2025) — Equinor said the Troll field in the North Sea produced more natural gas than ever before in 2024, while at the same time significantly reducing CO2 emissions. The Troll field set a historic production record, delivering 42.5 billion standard cubic meters of gas […]
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EAI 4Q24 NRG Prospector [Complimentary PDF Download]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Jan.2025) — Download the 4Q:24 NRG Prospector eMagazine with updates, analysis, features, briefs and “heard on the street” from Argentina, Brazil, Bolivia, Canada, Chile, Colombia, Ecuador, Guyana, Mexico, Suriname, Trinidad and Tobago, the US and Venezuela, as well as Asia, Europe and Africa […]
Stena RoRo Takes Delivery of E-Flexer Hybrid Vessel Guillaume de Normandie
(Stena RoRo, 23.Dec.2024) — Stena RoRo has taken delivery of E-Flexer No. 12 – in a series of 15 vessels – from the Chinese shipyard CMI Jinling (Weihai). The ship is the Guillaume de Normandie (not shown here) and is long-term chartered to the French shipping company Brittany Ferries. In […]
Equinor Finalizes Purchase of 10% Shareholding in Ørsted A/S
(Energy Analytics Institute, 23.Dec.2024) — Norway’s Equinor completed its acquisition of a 10% shareholding in Ørsted A/S as previously announced on 7 Oct. 2024. Following approvals under applicable Foreign Direct Investment regulations, Equinor has purchase an additional 0.2% shareholding (corresponding to 840,764 shares) in Ørsted, the Norwegian company announced 23 […]
SBM Offshore to Divest Share in Floventis to Cierco
(Energy Analytics Institute, 20.Dec.2024) — SBM Offshore reached an agreement with Cierco Energy to divest all of its shares in Floventis Energy Ltd. SBM Offshore has acquired valuable knowledge through its partnership to develop the Llyr projects in the UK and the Cademo project in the US, the company said […]
EDP Awarded 160MW of Capacity Contracts for its First Storage Projects in Poland
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 20.Dec.2024) — EDP Renewables was awarded with 160MW of capacity contracts for its first storage projects in Poland. These BESS projects have been granted in the latest capacity market auction and will deliver over 640 MWh of energy. The contracts are for […]
Fugro Reveals €400mn Financing with Relationship Banks
(Energy Analytics Institute, 18.Dec.2024) — Fugro NV announced a new €400mn financing on improved terms with its relationship banks, consisting of a €100mn term loan and a €300mn revolving credit facility. The term loan and revolving credit facility are both unsecured and have a 5-year maturity, plus options to extend […]
INEOS to Led Greensand CCS Project in the EU
(Energy Analytics Institute, 14.Dec.2024) — INEOS, the day to day operator, of ‘Greensand Future’ and its partners, Harbour Energy, and Nordsøfonden announced the final investment decision (FID) to safely and permanently store carbon dioxide (CO2) from Danish emitters in a depleted oil field in the Danish North Sea. With the […]
Incremental LNG Demand Moved from Europe to Asia
(Energy Analytics Institute, 11.Dec.2024) — Incremental demand to-date in 2024 for LNG has moved from Europe to Asia, according to recent data from Kpler. Of the total year-to-date LNG trade of 376 million tons (Mt) between Jan.-Nov. 2024, the top importing countries are JKT (Japan, South Korea and Taiwan) with […]
S&P Global Publishes its Energy Outlook 2025
(S&P Global, 11.Dec.2024) — Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities and energy transition markets, today released their 2025 energy outlook. As the calendar turns to 2025, there is more uncertainty in energy markets heading […]
Equinor Says Start-up Nears for Johan Castberg Field
(Energy Analytics Institute, 10.Dec.2024) — Equinor and its partners Vår Energi and Petoro expect the Johan Castberg field to come on stream in Jan./Feb. 2025. The Johan Castberg floating production, storage and offloading vessel (FPSO) was anchored on the field in the Barents Sea in Sep. 2024. The FPSO has […]
TotalEnergies to Pay €1.57bn for German Renewable Project Developer VSB
(Energy Analytics Institute, 4.Dec.2024) — TotalEnergies signed an agreement with Partners Group, one of the largest firms in the global private markets industry, to buy VSB Group, a Germany based renewable energy project developer for a consideration of €1.57bn, equity value and shareholder loan. The deal strengthens TotalEnergies Integrated Power […]
Saverex to Launch Voluntary Takeover Bid for Exmar
(Exmar, 3.Dec.2024) — Saverex NV intends to launch a voluntary and conditional public takeover bid for all shares of Exmar NV not already owned by it or persons affiliated with it. The bid would be made in cash at a price of EUR 11.50 per share. This price represents a […]
Petrobras Inks HOA with Danish Company
(Energy Analytics Institute, 27.Nov.2024) — Petrobras signed a Heads of Agreement (HOA) with the Danish company European Energy—which develops, builds and operates renewable energy assets, including solar and wind generation projects, as well as green hydrogen-based solutions—to structure a business partnership to implement a commercial-scale e-methanol plant in Brazil. The […]
TotalEnergies Accelerates Decarbonization at La Mède
(TotalEneriges, 25.Nov.2024) — In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has joined forces with Air Liquide to produce renewable hydrogen at La Mède in southeast France. This new project complements the Masshylia project to produce green hydrogen by electrolysis led by […]
Henry Hub, JKM and TTF Inch Higher
(Energy Analytics Institute, 21.Nov.2024) — The Henry Hub spot price rose 24 cents to $2.34 per million British thermal units (MMBtu) on 20 Nov. 2024 compared to $2.10/MMBtu on 13 Nov. 2024, according to the US-based Energy Information Administration (EIA). The weekly average front-month futures prices for liquefied natural gas […]
Eni Launches New HPC6 Supercomputer
(Eni, 19.Nov.2024) — Eni announces the completion and launch of a new supercomputing system (High Performance Computing – HPC) HPC6. HPC6 provides a significant increase in computational power to a peak of 606 PFlop/s, or over 600 quadrillion mathematical operations per second. The system has achieved a debut ranking of No.5. […]
Equinor Brings on Deepsea Bollsta Rig
(Energy Analytics Institute, 18.Nov.2024) — Norway’s Equinor has awarded a two-year firm contract to Northern Ocean Wind AS to employ the mobile rig Deepsea Bollsta on the Norwegian continental shelf. The value of the contract for the firm period is calculated to be around $335mn, with planned start-up in the later part […]
Equinor Announces Ex. Dividend
(Energy Analytics Institute, 18.Nov.2024) — Equinor ASA announced a second quarter 2024 (2Q:24) ex. dividend second quarter. Shares of Equinor, effective 18 Nov. 2024, will be traded on Oslo Børs exclusive of the 2Q:24 cash dividend as detailed below. —Ex. date: 18 Nov.2024 —Ordinary cash dividend amount: $0.35 —Extraordinary cash dividend […]
Equinor Finds Oil and Gas in the North Sea
(Energy Analytics Institute, 15.Nov.2024) — Norway’s Equinor said an exploration well with sidetrack has been drilled about 10 km north of the Troll field in the North Sea where petroleum was struck in both well trajectories. The discovery is estimated to hold between 13-28 million barrels of oil equivalent (MMboe), […]
Fluor-led JV to Proceed for Expansion of Nuclear Plant in Romania
(Fluor, 15.Nov.2024) — Fluor Corporation announced that its joint venture (JV) has received a limited notice to proceed (LNTP) for the design phase of Units 3 & 4 at the Cernavoda Nuclear Power Plant in Romania. EnergoNuclear S.A., a subsidiary of SN Nuclearelectrica S.A., signed the contract during a ceremony […]
ARX: An Adventure in the World of Engineering and Design
(Pini Group, 14.Nov.2024) — By expanding its expertise and integrating several complementary competencies through both organic growth as well as mergers and acquisitions over the last few years, Pini Group has undergone a significant evolution, transforming into a new entity. This growth and diversification have turned the group into a […]
Paratus Successfully Uplists to Euronext Oslo Børs
(Energy Analytics Institute, 13.Nov.2024) — Paratus Energy Services Ltd.‘s shares have been transferred from Euronext Growth Oslo and admitted to trading on Oslo Børs under the same ticker as on the Euronext Growth Oslo, “PLSV”. The action is effective on 13 Nov. 2024, Parts announced 13 Nov. 2024 in an […]
EXMAR Reports 3Q:24 Results, Opens EXMAR LPG France (PDF Download)
(EXMAR, 8.Nov.2024) — EXMAR NV reported its third-quarter 2024 results and provided an operational update related to the company opening a new French entity, EXMAR LPG France, which will own and operate 6 newbuild dual fuel LPG/NH3 Midsize Gas Carriers (MGC), being constructed at HMD MIPO dockyard in Korea. ____________________
Bristow and Leonardo Finalize Agreements for AW139 and AW189 Helicopters
(Bristow, 6.Nov.2024) — Bristow Group Inc. and Leonardo finalized a series of long-term agreements that will enhance global fleet support and training for the AW139 and AW189 helicopters, extending into the next decade. These agreements reinforce the strong relationship between the two companies and provides continued support for operations in […]
TotalEnergies Energy Outlook 2024 (PDF Download)
(TotalEnergies, 4.Nov.2024) — To contribute to the public debate on the energy transition, TotalEnergies is publishing the 6th edition of its “TotalEnergies Energy Outlook”, which presents three scenarios for the possible evolution of the demand and the global energy system up to 2050 (documents available at this link). TotalEnergies Energy […]
TotalEnergies to Supply 2 mtpa of LNG to Sinopec for 15 Years
(Energy Analytics Institute, 4.Nov.2024) — TotalEnergies signed a sales agreement (HoA) with Sinopec for the delivery of 2 million tonnes per annum (mtpa) of LNG for 15 years, starting in 2028. With the agreement, TotalEnergies strengthens its long-term position in the LNG market in China, the largest market in the […]
SACE and Open-es to Boost Competitiveness of Italian Companies
(Eni, 4.Nov.2024) — SACE and Eni announced a strategic partnership to promote synergies through the Open-es alliance. The aim of the agreement is to strengthen support for Italian companies, especially SMEs, in their growth journey by combining sustainability and competitiveness. This includes the integration of the Open-es and SACE ESG […]
TGS and Aquila Complete Utsira OBN Reprocessing Project
(Viridien, 4.Nov.2024) — Viridien and its partners TGS and Aquila Holdings ASA (under its subsidiary Axxis Multi-client AS) announced completion and delivery of the reprocessing of the Utsira ocean bottom node (OBN) seismic survey in the Norwegian North Sea. The reprocessing project has received significant industry support and leverages strong […]
Aker Reports 3Q:24 Results, Updates on Renewable Projects (PDF Download)
(Aker Horizons, 1.Nov.2024) — Aker Horizons ASA announced results for the third quarter 2024. Aker Horizons’ net capital employed stood at NOK 6.1bn, a decrease of NOK 1bn from the second quarter, mainly driven by impairments in Mainstream. The company reported a cash position of NOK 3bn and an undrawn […]
TotalEnergies Reports 3Q:24 Results, Output of 2.41 MMboe/d (PDF Downloads)
(TotalEnergies, 31.Oct.2024) — TotalEnergies SE reported its third quarter 2024 (3Q:24) results, including upstream production of 2.41 MMboe/d. Production benefited from the ramp up of Mero 2 in Brazil that partially offset production losses at Ichtys LNG and in Libya. ____________________
Seaway7 Awarded Offshore Wind Contract in UK
(Energy Analytics Institute, 30.Oct.2024) — Subsea7 announced the award to Seaway7, part of the Subsea7 Group, of a substantial contract by Ørsted for the transport and installation of the inter-array cables of the Hornsea 3 offshore wind project located in the UK sector of the North Sea. Subsea7 defines a […]
Eni Reports 3Q:24 Financial Results (PDF Downloads)
(Eni, 25.Oct.2024) — Eni‘s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the third quarter and nine months of 2024. Eni CEO Claudio Descalzi said: “In Q3, by delivering a performance ahead of expectations, we have again demonstrated the resilience of our business model […]
Eni Set Outs Decarbonization and Relaunch Plan for Versalis
(Eni, 24.Oct.2024) — As first announced at the presentation of its 2024-2027 Strategic Plan, Eni has finalized its transformation and relaunch plan for its chemicals business, also as part of its decarbonization path. The transformation plan involves about €2bn of investment and aims to reduce emissions by approximately 1 million […]
Eni Inks Deal for KKR to Enter Enilive’s Share Capital
(Eni, 24.Oct.2024) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total agreed consideration of €2.938bn. The transaction will be funded through: 1) the subscription of a capital increase in Enilive reserved to KKR amounting to €500mn; 2) […]
Eni’s BODs on Distribution to Shareholders
(Eni, 24.Oct.2024) — Eni’s Board of Directors, chaired by Giuseppe Zafarana, resolved to distribute to shareholders the second of the four tranches of the provision in place of the 2024 dividend from Eni S.p.A. available reserves[1] of €0.25 (compared to a total annual provision, in place of the dividend, equal […]