Category: Europe

Europe energy

TotalEnergies and European Energy to Partner on Renewable Projects

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(TotalEnergies, 20.Sep.2023) — TotalEnergies and European Energy have agreed to jointly develop, build and operate in a 65/35 joint-venture at least 4 GW of onshore renewable projects in multiple geographies. The partnership aims to leverage both parties’ strengths: TotalEnergies brings its strong experience in the construction and operation of large-scale […]

TotalEnergies to Invest in New 1,050 MWac Renewable Portfolio JV

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(TotalEnergies, 20.Sep.2023) — TotalEnergies and Adani Green Energy Limited (AGEL) have entered into a binding agreement to create a new JV, equally owned by TotalEnergies and AGEL, with a 1,050 MWac (1400 MWp) portfolio. This portfolio will comprise of a mix of already operational (300 MWac), under construction (500 MWac) […]

TotalEnergies to Build Plastic Recycling Unit

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(TotalEnergies, 20.Sep.2023) — TotalEnergies announced the building of a new mechanical recycling unit for plastic waste at its Grandpuits site southeast of Paris. This new investment follows those announced in June 2023 — the doubling of sustainable aviation fuel (SAF) production and construction of a biomethane production unit — in […]

Equinor: Johan Castberg Project Update

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(Equinor, 19.Sep.2023) — The Johan Castberg partnership, consisting of Equinor, VĂ„r Energi and Petoro, is today updating the project cost estimate. The investment estimate has increased by almost NOK 13bn since last year. Our plan for production start in the fourth quarter of 2024 remains unchanged. “Costs are increasing due […]

More Gas From Gina Krog with Eirin

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(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. Recoverable reserves in the field are estimated at 27.6 million barrels of oil equivalent, most of which is gas. The […]

Final Results of Takeover Bid on Exmar NV

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(Exmar, 19.Sep.2023) — The reopening of the acceptance period of the voluntary public takeover bid launched by Saverex NV (the “Bidder”) for all shares and share options issued by Exmar NV (“Exmar” or the “Target”) not already owned by it or persons affiliated with it (the “Bid”) ended on Friday […]

ConocoPhillips Add Long-Term Agreement for European Regas Capacity

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(ConocoPhillips, 14.Sep.2023) — ConocoPhillips (NYSE: COP) announced further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. This agreement further complements the company’s foundational LNG resource positions in Qatar and Australia, […]

Repsol Enters US Onshore Wind Market with Acquisition of ConnectGen

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(Repsol, 7.Sep.2023) — Repsol has taken a significant step to accelerate its multi-energy transformation to net zero emissions by 2050. The Spanish company signed today an agreement to acquire US renewable development company ConnectGen for $768mn (c.€715mn) from Quantum Capital Group’s global renewable energy development platform, 547 Energy. Highlights: Repsol […]

Equinor Expands Renewable Portfolio in Poland

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(Equinor, 5.Sep.2023) — Equinor has acquired a 26 MW onshore wind farm in Poland from the Helios Group. With this investment, Equinor expands its broad energy offering in Poland and delivers on its market-driven power producer strategy. The Wilko wind farm is located in the Wielkopolska province and will be […]

Two COSL Rigs Awarded Drilling Contracts

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(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 $369mn for both firm periods. The COSLPromoter is already contracted to Equinor and will commence on the new contract in […]

EAI’s NRGBriefs: Aug. 2023

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(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process related to the LUBNOR refinery; Petrobras commenting on Sete Brasil; FMC Corporation on revenues in Latin America in the second quarter 2023; Sempra appointing Richard Mark to […]

Authorities Approve JV between Aker Solutions, SLB and Subsea7

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(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 regulatory approvals.  Following clearance as of today by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have […]

MPC Energy on Developments in Panama and El Salvador

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 (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 of 2023, corresponding to USD 3.5 million in revenues and USD 2.3 million EBITDA. The total revenue and EBITDA, including the Company’s trading activities […]

TotalEnergies Named Most-admired Explorer in WoodMac Survey

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(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey. Dr. Andrew Latham, Senior Vice President, Energy Research, at Wood Mackenzie, said “For the third time in our industry-leading survey, TotalEnergies […]

Eni’s Chairman Welcomes Visit of Minister of Economy

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(Eni, 21.Jul.2023) — Eni’s Chairman, Giuseppe Zafarana, and CEO Claudio Descalzi welcomed the Minister of Economy and Finance, Giancarlo Giorgetti, the President of Lombardy, Attilio Fontana, the Councillor for Economic Development of Lombardy, Guido Guidesi, and the Mayor of San Donato Milanese, Francesco Squeri, to Eni’s Research Centre in Bolgiano to […]

TGS Announces 2Q:23 Results

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(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 highlights: POC revenues (1) were 241mn compared to 136mn in Q2 2022 POC EBITDA of USD 132mn versus USD 103mn […]

DNO ASA Provides 2Q:23 Trading Update

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(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 with executive management will follow at 10:00 (CET). The company issues below an update on production and sales volumes for […]

Wintershall Dea Spuds Bergknapp Discovery Well

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(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 Tilje formations, the discovery is one of the biggest in Norway this decade.  “The appraisal will test if it could […]

Shipowners’ Associations and Eni to Decarbonize Maritime Sector

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(Eni, 11.Jul.2023) — Eni presented a document titled “The route to net zero. Decarbonizing the maritime sector” in collaboration withAssarmatori and Confitarma as well as three of the largest companies in the maritime sector (WĂ€rtsilĂ€, WinGD and MAN Energy Solutions) and Unem, Federchimica/Assogasliquidi, Assocostieri and RINA. The contributors oversaw the work of […]

Technip and LanzaTech Join Forces on CO2-to-Ethylene

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(Technip Energies, 11.Jul.2023) — Technip Energies and LanzaTech Global, Inc. signed a joint collaboration agreement to create a new pathway to sustainable ethylene utilizing their combined technologies. Together LanzaTech’s carbon capture and utilization technology with Technip Energies’ HummingbirdÂź technology transform waste carbon into ethylene, the most common building block in petrochemicals. Ethylene is a building block […]

Norway Reports Largest Hydrocarbon Find in a Decade

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(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 30 percent interest. Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended sidetrack indicates gross recoverable resources […]

Baker Hughes to Supply Three Trains for Rio Grande LNG

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(Baker Hughes, 6.Jul.2023) — Baker Hughes (NASDAQ: BKR) has been awarded an order by Bechtel Energy Inc. – to be booked in the second quarter of 2023 – to supply three Main Refrigerant Compressors (MRCs) for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas. In total, Baker Hughes will supply […]

OMV Secures Additional Gas Transport Capacities Until 2028

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(OMV, 5.Jul.2023) — OMV secured additional European gas transport capacities to Austria. In this year’s annual auction, OMV was awarded capacities of around 40 TWh p.a. for the period between October 2023 to September 2026, and around 20 TWh p.a. for the period between October 2026 to September 2028. The border […]

Can We Bury Carbon? [VIDEO]

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(OMW, 27.Jun.2023) â€” What if we could mitigate the effects of global warming by trapping greenhouse gases at their source and putting them deep underground so they never get into the atmosphere? Well, it turns out we can. The technology is called Carbon Capture and Storage (CCS). Olivier Point, geoscientist and senior […]

Equinor Launches ZagĂłrzyca Solar Plant in Poland

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(Equinor, 23.Jun.2023) — Equinor’s second Polish solar plant, ZagĂłrzyca has started test production. This is another step towards building a material renewable portfolio in Poland, which is one of Europe’s most rapidly growing renewable energy markets. “Equinor aims to be a reliable energy partner for Poland and support its energy transition. […]

Venture Global LNG and SEFE Ink 20yr SPA 

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(Venture Global LNG, 22.Jun.2023) — Venture Global LNG and SEFE Securing Energy for Europe GmbH (SEFE) announced the execution of a long-term Sales and Purchase Agreement (SPA). Under the agreement, SEFE’s subsidiary, WINGAS GmbH, will purchase 2.25 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG, Venture […]

Equinor Inks LNG Purchase Agreement with Cheniere

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(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 from 2027. This agreement brings the total volumes that Equinor has contracted with Cheniere up to around 3.5 million tonnes […]

DNV Buys Nixu in Cyber Security Play

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(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 […]

TotalEnergies to Supply Biomethane to Saint-Gobain

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(TotalEnergies, 20.Jun.2023) — TotalEnergies has signed a 100 GWh biomethane purchase agreement with Saint-Gobain France for a three-year period starting in 2024. The biomethane will be produced by TotalEnergies at its BioBĂ©arn biomethane plant, which came on stream at the beginning of the year and whose production is certified sustainable by […]

JinkoSolar Launches G2 Battery into the European Market

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(JinkoSolar, 14.Jun.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) officially launched its Second Generation of the High Voltage Energy Storage Battery into the European market. The upgraded product, JKR-B1250~2750-A (high voltage G2 battery) is a high-performance energy storage system designed for residential and small commercial applications. It features a self-developed Jinko HV battery […]

Canadian Solar Launches  Residential Energy Storage System EP Cube

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(Canadian Solar, 14.Jun.2023) — Canadian Solar unveils its first residential energy storage system EP Cube, a self-designed-and-developed product by Eternalplanet, at Intersolar Europe 2023, marking another milestone in the European market. One of EP Cube’s remarkable advantages lies in its stylish design. The all-in-one design allows EP Cube to apply various […]

COP28 Must Deliver for the Most Vulnerable: Al Jaber

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(COP28 UAE, 11.Jun.2023) — COP28 President-Delegate, Dr. Sultan Al Jaber, met with heads of delegations and key negotiating groups including those from the Least Developed Countries (LDC) and Small Island Developing States (SIDS) at the Bonn UN Climate Change Conference, being held in the run up to COP28, emphasizing the need to engage and […]

TotalEnergies Inks 25-year PPA for a 1 GW Wind Project in Kazakhstan

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(TotalEnergies, 9.Jun.2023) â€” TotalEnergies confirms its commitment to the energy transition in Kazakhstan with the signature of a Power Purchase Agreement (PPA) for the Mirny project. This will be the first PPA signed in the country for a wind project of such scale. Located in the Zhambyl region, the project aims to […]

The 1.5-degree Ambition is Becoming Increasingly Difficult to Achieve: Equinox

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(Equinor, 8.Jun.2023) â€” 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 […]

Sercel Delivers Additional 508 XT System in North Africa

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(CCG, 7.Jun.2023) — CGG announced that Sercel has confirmed a major sale and the imminent delivery of a 60,000-channel 508 XT land acquisition system and 25 VE464 advanced digital vibrator control sets to a major North African geophysical services provider. The equipment will be deployed on a 3D mega-crew project […]

TotalEnergies Steps up Sustainable Aviation Fuel Production at Grandpuits

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(TotalEnergies, 7.Jun.2023) — Ahead of the Paris Air Show held in Le Bourget, TotalEnergies is stepping up production of sustainable aviation fuel (SAF) and low carbon energies of its Grandpuits site. These investments reflect the Company’s ambition to develop low carbon energies and the circular economy, and consist of: The doubling […]

End Reports on Purchase of Treasury Shares

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(Eni, 7.Jun.2023) — During the period from 29 May to 2 June 2023, Eni acquired on the Euronext Milan no. 5,786,201 shares, at a weighted average price per share equal to 12.8663 euro, for a total consideration of 74,447,190.76 euro within the authorization to purchase treasury shares approved by the Shareholders’ […]

Election to Equinor’s Board of DirectorsïżŒ

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(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 […]

Equinox Says Gas Leak at MelkÞya Stopped

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(Equinor, 31.May.2023) — The gas leak that occurred at the Hammerfest LNG plant at MelkĂžya 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 MelkĂžya. The leak occurred in connection with a valve in one of […]

PGS Data Reveals Untapped Potential in Harstad Basin APA 2023 Blocks

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(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 […]

CGG Awarded OMV Contract for Multi-Year Dedicated

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(CGG, 23.May.2023) — CGG has been awarded a new contract by OMV to continue operating a dedicated center at its head office in Vienna for an initial three-year period. During this time, OMV will continue to benefit from in-house access to CGG’s advanced seismic imaging and reservoir characterization technology, as […]

ïżŒJohan Sverdrup Produces at Increased Plateau

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(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 […]

TotalEnergies Obtains Favorable EIA for 3 GW of Solar Projects

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(TotalEnergies, 22.May.2023) — TotalEnergies has obtained from the Spanish authorities (Ministry of Energy Transition and Autonomous Communities) a favorable Environmental Impact Assessment for an estimated 3 GW of installed capacity. Large-scale solar projects throughout the country This favorable result relates to the 48 power plants that TotalEnergies will develop in […]

Equinor on 4Q:22 Dividend

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(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 […]