Aker Horizons ASA Reports 3Q:23 Results
(Aker Horizons, 2.Nov.2023) — Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, today announced results for the third quarter of 2023. Aker Horizons' net asset value stood...
TotalEnergies Commissions its LNG Floating Terminal in the Port of Le Havre
(TotalEnergies, 26.Oct.2023) — TotalEnergies announces the commissioning of the Cape Ann, its floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre....
Energy Analytics Institute’s NRGBriefs: September 2023
(Energy Analytics Institute, 30.Sep.2023) — Energy briefs as well as others related to finance and projects during September 2023 including Petrobras saying that in regards the process of divestment of...
Equinor and OMV Agree to New Long-term Gas Sales Deal
(Equinor, 27.Sep.2023) — Equinor has signed a new long-term gas sales agreement with Austria’s major energy company OMV. The agreement is for 5 years starting 1 October this year and...
![Rosebank Field to Progress in the UK [Video]](https://energy-analytics-institute.org/wp-content/uploads/2023/09/norway-petrojarl-source-equinor-768x384.webp)
Rosebank Field to Progress in the UK [Video]
(Equinor, 27.Sep.2023) — Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing $3.8bn. The...
Equinor: Johan Castberg Project Update
(Equinor, 19.Sep.2023) — The Johan Castberg partnership, consisting of Equinor, Vår Energi and Petoro, is today updating the project cost estimate. The investment estimate has increased by almost NOK 13bn...
More Gas From Gina Krog with Eirin
(Equinor, 19.Sep.2023) — On behalf of the partnership, Equinor has submitted a plan for development and operation (PDO) of the Eirin gas field to the Ministry of Petroleum and Energy....
Two COSL Rigs Awarded Drilling Contracts
(Equinor, 31.Aug.2023) — Equinor has awarded COSL Offshore Management AS two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf. The contract values are calculated at around...
Authorities Approve JV between Aker Solutions, SLB and Subsea7
(Aker, 4.Aug.2023) — Reference is made to the stock exchange release 30 August 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea 7. Closing is subject to...
MPC Energy on Developments in Panama and El Salvador
(MPC Energy, 31.Jul.2023) — MPC Energy Solutions (MPCES, Company) announced its H1 2023 results today. MPCES generated 40.4 GWh of electricity from its power-generating projects in the first six months...
TGS Announces 2Q:23 Results
(TGS, 20.Jul.2023) — TGS reported interim financial results for Q2 2023. The quarter reflected a continued improvement in market conditions, with strong growth in both POC revenues (1) and contract inflow. Financial...
DNO ASA Provides 2Q:23 Trading Update
(DNO ASA, 17.Jul.2023) — DNO ASA, the Norwegian oil and gas operator, will publish its Q2 2023 operating and interim financial results on 17 August at 07:00 (CET). A videoconference call...
Wintershall Dea Spuds Bergknapp Discovery Well
(Energy Analytics Institute, 13.Jul.2023) ) — Wintershall Dea spud an appraisal well at the Bergknapp discovery in the Norwegian Sea. With estimated resources of between 38 MMboe and 72 MMboe in the Garn and...
Norway Reports Largest Hydrocarbon Find in a Decade
(DNO ASA, 10.Jul.2023) — DNO ASA, the Norwegian oil and gas operator, announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the company holds a...
Equinor Inks LNG Purchase Agreement with Cheniere
(Equinor, 21.Jun.2023) — Today, 21 June 2023, Equinor and Cheniere have announced a new 15-year purchase agreement of around 1.75 million tonnes of LNG per year, with half of the volume starting...
DNV Buys Nixu in Cyber Security Play
(DNV, 20.Jun.2023) — DNV, the global risk management and quality assurance provider, will fully acquire Helsinki-headquartered cyber security services firm Nixu following a public tender offer which resulted in DNV taking...
The 1.5-degree Ambition is Becoming Increasingly Difficult to Achieve: Equinox
(Equinor, 8.Jun.2023) — Energy Perspectives paints the outcome space for the long-term development of the world’s energy markets. Driven by factors such as geopolitics, technology, climate and energy policy, and company and...
Election to Equinor’s Board of Directors
(Equinor, 6.Jun.2023) — In a meeting on 6 June 2023 the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) re-elected all the shareholder-elected members of Equinor ASA’s board of directors. The corporate...
Energy Analytics Institute’s NRGBriefs: May 2023
(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a license next month to Eni...
Equinox Says Gas Leak at Melkøya Stopped
(Equinor, 31.May.2023) — The gas leak that occurred at the Hammerfest LNG plant at Melkøya on 31 May has been stopped and normalisation is under way. Equinor’s emergency response organisation has...
PGS Data Reveals Untapped Potential in Harstad Basin APA 2023 Blocks
(PGS, 25.May.2023) — PGS has 3D GeoStreamer PSDM data available to assess prospective Western Barents Sea areas in this year’s APA round. The Harstad Basin has a very complex burial...
Johan Sverdrup Produces at Increased Plateau
(Equinor, 23.May.2023) — This week a successful capacity test has been performed confirming that the field can produce up to 755,000 barrels of oil per day. During a capacity test at...
Equinor on 4Q:22 Dividend
(Equinor, 22.May.2023) — Equinor (OSE: EQNR, NYSE: EQNR) announced on 8 February 2023 an ordinary dividend per share of USD 0.30 and an extraordinary dividend per share of USD 0.60...
Equinor puts Trollvind on Hold
(Equinor, 22.May.2023) — Equinor will postpone a further development of the Trollvind offshore wind initiative indefinitely. This decision is based on several challenges facing the project, including technology availability, rising...
PGS Secures Barents Sea Contract
(PGS, 19.May.2023) — PGS has executed the final contract* with an independent energy company for a 3D survey in the Barents Sea to be acquired by the Ramform Hyperion. The...
PGS Enters Carbon Storage Acquisition Contract
(PGS, 11.May.2023) — PGS has entered into a seismic acquisition contract* for carbon storage offshore Norway by an independent energy company. The project is scheduled to start in September and...
Energy Analytics Institute’s NRGBriefs: April 2023
(Energy Analytics Institute, 30.Apr.2023) — Energy briefs as well as others related to finance and politics during April 2023 including the US not blocking the court-ordered sale of shares of Citgo...
Equinor: The Bauge field on Stream
(Equinor, 17.Apr.2023) — On 8 April production started from the Bauge subsea field in the Norwegian Sea. Bauge is tied back to the recently upgraded Njord platform. Recoverable reserves in...
Aker BP Awarded Power from Shore Licence for Yggdrasil
(Aker BP, 31.Mar.2023) — Today, the Ministry of Petroleum and Energy (MPE) awarded Aker BP a licence to connect the platforms in the Yggdrasil area to the power grid in...
Aker BP and OMV Awarded Licence for CCS in Norwegian Continental Shelf
(Aker BP ASA, 31.Mar.2023) — Aker BP (OSE: AKRBP) (OTCQX: AKRBF) (OTCQX: AKRBY) and OMV (Norge) AS have entered into a collaboration agreement for carbon capture and storage (CCS) and have been...
Award of Two New CO2 Storage Licences on the Norwegian Continental Shelf
(Les på norsk, 31.Mar.023) — Today the Norwegian Ministry of Petroleum and Energy publishes offers for two new exploration licences related to CO2 storage under the storage regulations on the...
![Global Gas Flaring Tracker Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/us-flaring-2023-source-the-world-bank.png)
Global Gas Flaring Tracker Report [PDF Download]
(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome reduction, greater and sustained efforts...
Interoil Releases Feb. 2023 Production Report
(Interoil, 13.Mar.2023) — In February 2023, Interoil’s average daily operated production increased by 573 boepd recovering most of the lost production from previous months. During February the production growth is...
How the Russia-Ukraine War is Changing Energy Markets
(WoodMac, 23.Feb.2023) — Ukraine’s battle is existential. The country has suffered a year of lost lives, its people forced to live each day in perpetual fear and witness the destruction...
Aker Horizons ASA: 4Q:22 Results
(Aker, 16.Feb.2023) — Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, today announced results for the fourth quarter 2022. Aker Horizons' net asset value stood at NOK...
Energy Analytics Institute’s NRGBriefs: January 2023
(Energy Analytics Institute, 31.Jan.2023) — Energy briefs as well as others related to finance and politics during January 2023 including Trinidad and Tobago Prime Minister Dr. Hon. Keith Rowley said...
Equinor Awarded Production Licences on Norwegian Continental Shelf
(Equinor, 10.Jan.2023) — Equinor has been awarded 26 new production licences by the Ministry of Petroleum and Energy (MPE) in the 2022 Award in Predefined Areas (APA) – 18 licences...
Equinor and RWE to Cooperate on Energy Security and Decarbonization
(Equinor, 5.Jan.2023) — Equinor and RWE have agreed to work together to develop large-scale value chains for low carbon hydrogen. The partners aim to replace coal fired power plants with...
Energy Analytics Institute’s NRGBriefs: December 2022
(Energy Analytics Institute, 31.Dec.2022) — Energy briefs as well as others related to finance and politics during December 2022 including Washington’s easing of sanctions on Venezuela resulting in increased US...
PSW Technology Awarded Contract for Deep-water Riser System
(Scana, 19.Dec.2022) — Scana-owned PSW Technology has signed an important agreement with Northern Ocean Operations Ltd. (“Northern Ocean”) for a deep-water riser system. The agreement involves the sale of a...
FID to Develop Yggdrasil (formerly NOAKA) Area
(Aker BP, 16.Dec.2022) — Aker BP ASA has together with Equinor Energy and LOTOS Exploration & Production Norge AS made a final investment decision to develop the Yggdrasil area. Plans...
Krafla to be Developed Using Ground-Breaking Concept
(Equinor, 16.Dec.2022) — Along with Aker BP, Equinor has made an investment decision and will today submit a plan for development and operation for Krafla to the Minister of Petroleum...
Johan Sverdrup Phase 2 On Stream
(Equinor, 15.Dec.2022) — At 11:15 on 15 December 2022 production started from Johan Sverdrup Phase 2. When the Johan Sverdrup field reaches plateau production, every third Norwegian oil barrel will...
More Gas to Hammerfest LNG: Askeladd on Stream
(Equinor, 12.Dec.2022) — Phase 1 of Askeladd will bring 18 billion cubic metres of gas and two million cubic metres of condensate to the market via the Hammerfest LNG plant...
Verdande: Securing Higher Production on the Norne Vessel
(Equinor, 6.DEC.2022) — Equinor has, on behalf of the partnership, submitted the plan for development and operation (PDO) for Verdande to the Ministry of Petroleum and Energy. The subsea development...
Election to Equinor’s Board of Directors
(Equinor, 30.Nov.2022) — On 30 November 2022 the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) elected Haakon Bruun-Hanssen as new member to Equinor ASA’s board of directors. Haakon Bruun-Hanssen is...
Interoil Releases 3Q:22 Details
(Interoil, 29.Nov.2022) — In July 2022 Interoil Exploration and Production ASA successfully closed its share offering. The final number of shares that were subscribed and issued in the Share Issue...
Irpa: More Gas to Europe and Extended Life for Aasta Hansteen
(Equinor, 22.Nov.2022) — On behalf of the Irpa partnership, Equinor has submitted a plan for development and operation (PDO) for the Irpa gas discovery, formerly known as Asterix, to the...
Energy Analytics Institute’s NRGBriefs: October 2022
(Energy Analytics Institute, 31.Oct.2022) — Energy briefs as well as others related to finance and politics during October 2022 including US President Joe Biden congratulating Luiz Inácio Lula da Silva...
Bristow Awarded Multi-Year Search and Rescue Contract
(Bristow, 7.Sep.20220 — Bristow Group Inc. (NYSE: VTOL), a global provider of innovative and sustainable vertical flight solutions, announced an award from Equinor to provide search and rescue services offshore...
Important Step to Decarbonise Europe
(Equinor, 29.Aug.2022) — Northern Lights, a JV owned by Equinor, Shell and TotalEnergies, signed the world’s first commercial agreement on cross border CO2 transportation and storage with Yara. This is an...
Equinor Announces Dividend in NOK for 2Q:22
(Equinor, 27.Jul.2022) — Equinor (OSE: EQNR, NYSE: EQNR) announced on 27 July 2022 an ordinary dividend per share of USD 0.20 and an extraordinary dividend per share of USD 0.50...
TechnipFMC Says 2Q:22 Subsea Inbound Orders Were $1,928mn
(TechnipFMC, 27.Jul.2022) — TechnipFMC plc announced subsea inbound orders were $1,928mn for the second quarter of 2022. Book-to-bill in the period was 1.4. The following awards were included in the...
PGS on Share Capital Increase
(PGS, 18.Jul.2022) — Reference is made to the stock exchange announcements made by PGS ASA regarding the final results in the subsequent offering of up to 38,155,803 new shares at...
Equinor Strengthens Relationship with ASCO with Five-year Contract Extension
(Equinor, 18.Jul.2022) — Global integrated logistics and materials management company, ASCO, has been awarded a five-year contract extension with the Norwegian energy partner to the UK, Equinor. The multi-million-pound contract...
Adjusted Plan for Final Four Hywind Tampen Turbines
(Equinor, 13.Jul.2022) — The seven first Hywind Tampen turbines will come on stream this year as planned. The final four will be installed next spring. Supply chain bottlenecks, most notably...
Equinor Says Gas Leaks on Sleipner Field Stopped
(Equinor, 12.Jul.2022) — A gas leak in a contained area related to a turbine on Sleipner A was reported in the morning of 11 July. The incident was quickly clarified....
BW Energy: 2Q:22 Trading and Financial Update
(BW Energy, 12.Jul.2022) — BW Energy provided an update on the operations and development of the Dussafu Marin license in Gabon. The company will publish financial figures for the second...
Equinor Buys US Energy Storage Developer
(Equinor, 12.Jul.2022) — Equinor signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC. The acquisition supports Equinor’s ambition to be...
NRGBriefs: UEG Araucária Fact Sheet; BW Energy Stock Trades
(Energy Analytics Institute, 11.Jul.2022) — Energy briefs including details related to UEG Araucária S.A. (UEGA), a partnership between Petrobras, Copel and Copel Geração e Transmissão. LATIN AMERICA AND THE CARIBBEAN...
Equinor Invites Analyst to Provide 2Q:22 Estimates
(Equinor, 7.Jul.2022) — Equinor invites analysts with coverage of the company to provide estimates for the second quarter adjusted results. Equinor publishes second quarter 2022 financial results on 27 July....
Strike Affecting Equinor-operated Fields on the Norwegian Continental Shelf
(Equinor, 6.Jul.2022) — Equinor has initiated a safe shutdown of the Gudrun, Oseberg South and Oseberg East fields after members of the Norwegian Organisation of Managers and Executives (Lederne) trade...
BW LPG Carriers Complete Dual-Fuel Retrofits
(MAN Energy Solutions, 24.Jun.2022) — Oslo-listed BW LPG – an owner and operator of LPG vessels – has announced that it has converted the main engine of the ‘BW Malacca’...
ExxonMobil, Grieg Edge, North Ammonia, GreenH Eye Slagen Terminal in Norway
(ExxonMobil, 24.Jun.2022) — ExxonMobil, Grieg Edge, North Ammonia, and GreenH signed a memorandum of understanding to study potential production and distribution of green hydrogen and ammonia for lower-emission marine fuels...
TSC Subsea Masters the Art of Deepwater Hydrate Detection
(TSC Subsea, 22.Jun.2022) — TSC Subsea is once again leading the field in the development of subsea technology with its latest piece of equipment, an industry first in acoustic deepwater...
Equinor, Partners Ponder 1 GW Wind Farm Off Western Norway
(Equinor, 17.Jun.2022) — Equinor and its partners Petoro, TotalEnergies, Shell and ConocoPhillips in the Troll and Oseberg fields, have initiated a study and are looking into possible options for building...
Aker Solutions and Aker BP Secure New, Future-Oriented Offices in Stavanger
(Aker Solutions, 14.Jun.2022) — Aker BP and Aker Solutions signed a long-term agreement with owner and real estate developer Hinna Park Utvikling (HPU) for modern and energy-efficient office buildings in...
Equinor Reveals Start of Production at Hammerfest LNG
(Equinor, 2.Jun.2022) — After extensive repairs and improvement work, Hammerfest LNG is back in production after the fire in September 2020. The first liquified natural gas (LNG) is now on...
PSA Announces Private Placement of New Shares
(PSA, 31.May.2022) — Petroleum Geo-Services (PGS) ASA announced on a successfully placed private placement of 216,216,216 new shares in the company, raising gross proceeds of approximately NOK 800mn. The private...
Gas and Condensate Finds to be Developed in the Norwegian Sea
(Equinor, 25.May.2022) — Equinor and Halten East partners Vår Energi, Spirit Energy and Petoro have decided to invest about NOK 9bn in the development of the area neighboring to the...
Equinor Reveals New Oil Find Close to Barents Sea Johan Castberg Field
(Equinor, 25.May.2022) — Equinor has made a new oil discovery in Snøfonn Nord, exploration well 7220/8-2 S, by the Johan Castberg field in the Barents Sea. The well was drilled...
Equinor Exits all JVs in Russia
(Equinor, 25.May.2022) — On 27 February 2022, Equinor decided to start the process of exiting the company’s joint ventures in Russia. Since then, Equinor has halted all new investments into...
Maersk Drilling Awarded Additional Three-well Contract with Aker BP
(Maersk Drilling, 2.May.2022) — Maersk Drilling secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for...
Maersk Drilling Awarded One-well Extension in the Dutch North Sea
(Maersk Drilling, 29.Apr.2022) — ONE-Dyas B.V. exercised an option to continue employing the harsh environment jack-up Maersk Resolute in the Dutch sector of the North Sea. The one-well contract extension...
Aker Horizons ASA: 1Q:22 Results
(Aker Horizons, 29.Apr.2022) — Aker Horizons ASA (OSE: "AKH"), a developer of green industrial projects and technologies that accelerate the net zero transition, today announced its financial results for the...