(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 ownership of more than 93% of Nixu’s shares. DNV will combine its cyber security businesses with Nixu following a process […]
Category: Norway
Norway
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 consumer behaviour, energy demand projections are made, but become increasingly uncertain the further out in time we forecast. The world […]
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 assembly re-elected Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board in addition to re-election […]
EAI’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 SpA and Repsol SA to export natural gas, Petrobras receiving an arbitration award that fully rejected the claims made by […]
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 been demobilised and the emergency services have left Melkøya. The leak occurred in connection with a valve in one of […]
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 history, including subsidence, uplift, and chemical reaction. Using an integrated workflow on the PGS17011NBS dataset, PGS quantitative interpretation experts have […]
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 Johan Sverdrup, the field reached a record-high production level of 755,000 barrels of oil per day. This equals six to […]
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 for fourth quarter 2022. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in […]
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 cost and a strained timetable to deliver on the original concept. The authorities have been informed about the decision. Equinor […]
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 project is about to start and duration is approximately 40 days. PGS announces contract awards and MultiClient projects as stock […]
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 has a duration of approximately one month. “In 2022 we established a strong position in the carbon storage geo-services market, and successfully completed four carbon […]
EAI’s NRGBriefs: Apr. 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 Petroleum Corp.’s parent company, PDV Holding, to pay off creditors who have sought payment from the Venezuelan state; OFAC authorizing […]
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 Bauge are estimated at 50 million barrels of oil equivalent, mainly oil. Bauge consists of two oil producers in a […]
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 Samnanger in Vestland County. The licence was granted pursuant to the Energy Act and the Ocean Energy Act. The power […]
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 awarded a licence in accordance with the CO2 Storage Regulations on the Norwegian Continental Shelf (NCS). RELATED: Award of two […]
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 Norwegian continental shelf in the North Sea. — The establishment of commercial capture and storage of CO2 is imporant for 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 are needed to end this wasteful and polluting practice. The growing sense of urgency in tackling global gas flaring is […]
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 explained by the recovering of shut-in wells in Argentina whilst Colombia’s production still faces community’s issues causing the mobilization of […]
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 of homes, communities and infrastructure. Millions have fled the country. Russia’s war has had a huge impact outside Ukraine, too, […]
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 15.1bn in the fourth quarter. The company had a cash position of NOK 4.1bn and an undrawn credit facility of EUR 500 million, giving […]
EAI’s NRGBriefs: Jan. 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 during the Trinidad and Tobago Energy Conference (TTEC) in Port of Spain that “in this uncertain global environment, energy is […]
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 as operator, and eight as partner. “The APA rounds are important, and we are very pleased with today’s awards,” says […]
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 hydrogen-ready gas fired power plants in Germany, and to build production of low carbon and renewable hydrogen in Norway that […]
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 imports of that heavy/sour crude; twin-island country Trinidad and Tobago eying its annual energy conference in Port of Spain; Savannah […]
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 complete marine riser system to Northern Ocean for Ultra deep-water operations. The work also includes project management, inspection, repair and […]
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 for development and operation was submitted to the Minister of Petroleum and Energy on 16 December 2022. Yggdrasil, formerly known […]
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 and Energy. Aker BP will be developing Krafla along with the Fulla and North of Alvheim discoveries in the same […]
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 come from this giant field, which for decades will be essential to ensuring high and stable energy deliveries from Norway. […]
More gas to Hammerfest LNG (HLNG): Askeladd on stream
OSLO, NORWAY (By Equinor, 12.Dec.2022, Words: 459) — 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 on Melkøya. Askeladd is a satellite field of the Snøhvit Field and developed as a […]
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 secures important oil volumes to the Norne production vessel. Verdande will be put on stream in the fourth quarter of […]
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 elected as a new shareholder-elected member of the board of directors, replacing Bjørn Tore Godal. Bruun-Hanssen held the position as […]
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 is 14,357,554 at a subscription price of NOK 1.30 per share, resulting in gross proceeds of approximately NOK 18.7mn. Gross […]
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 Norwegian Minister for Petroleum and Energy. The development will ensure activity and stable gas deliveries from Aasta Hansteen until 2039. […]
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 on his election victory in Brazil over Jair Bolsonaro; Equinor inviting analyst to provide estimate for the third quarter of […]
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 at the Johan Sverdrup and Statfjord B platforms, located in the Norwegian North Sea off the west coast of Norway. […]
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 important step for the development of large-scale decarbonisation of heavy industries to help meet climate ambitions. Yara and Northern Lights […]
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 for second quarter 2022. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in […]
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 period: — ExxonMobil Yellowtail Project (Guyana)Awarded an additional contract and received notice to proceed for the Yellowtail development in the Stabroek […]
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 a subscription price of NOK 3.70. The share capital increase pertaining to the subsequent offering comprising all the new shares […]
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 strengthens the existing long-term collaboration between the two companies. ASCO will provide a fully integrated logistics and materials management solution, […]
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 related to the global market for steel, preclude delivery of the final four tower sections for the wind turbines until […]
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. During the process of resuming production and depressurisation, an additional gas leak occurred on the Sleipner R riser platform late […]
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 quarter and first half of 2022 on 25 August 2022. Gross production from the Tortue field averaged approximately 10,700 barrels […]
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 a leading company in the energy transition and provides a platform for broadening our energy offerings in the US. The […]
NRG briefs: UEG Araucária fact sheet; BW Energy stock trades
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 11.Jul.2022, Words: 250) — 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 Brazil
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. Every quarter ahead of the earnings announcement, Equinor collects earnings and production estimates from the equity analysts covering the company. […]
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 union went on strike from midnight. The background for the strike is that the members of Lederne in a referendum […]
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’ to dual-fuel running. The last such conversion for a series of 15 LPG carriers, the ship’s MAN B&W 6G60ME-C9.2 type […]
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 at ExxonMobil’s Slagen terminal in Norway. Highlights: Potential production of up to 20,000 metric tons of green hydrogen; distribution of […]
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 hydrate detection. The ART® vPush, from the global specialist in developing advanced subsea inspection solutions for challenging situations, provides efficient, cost […]