Category: Europe

Europe energy

Equinor puts Trollvind on Hold

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(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

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(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 […]

Exmar on Dividend [PDF Download]

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(Exmar, 16.May.2023) — Today 16 May 2023, the General Meeting of Shareholders approved a gross dividend of EUR 1.00 (EUR 0.70 net per share), as proposed by the Board of Directors. The net dividend will be payable on 24 May 2023 to the holders of registered shares and to the […]

Technip Energies Awarded LNG Deal for the North Field South Project

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(Technip Energies, 16.May.2023) — Technip Energies (Paris:TE) (ISIN:NL0014559478) announced that a joint venture (T.ENCCC JV), led by Technip Energies (T.EN) in partnership with Consolidated Contractors Company (CCC), has won a major (1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS). This award will cover the […]

TotalEnergies Launches Largest Battery Storage Project in Europe

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(TotalEnergies, 15.May.2023) — TotalEnergies has launched at its Antwerp refinery (Belgium), a battery farm project for energy storage with a power rating of 25 MW and capacity of 75 MWh, equivalent to the daily consumption of close to 10,000 households. A First Flagship Energy Storage Project in Belgium After commissioning […]

PGS Enters Carbon Storage Acquisition Contract

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(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 […]

Equinor: The Bauge field on Stream

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(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 […]

Agreement Between Iraq and TotalEnergies

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(Total, 5.Apr.2023) — While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi government have, through exchanges in the past months, including in 4 occasions between Prime Minister Al-Sudani and Chairman & CEO Patrick PouyannĂ©, jointly defined the necessary conditions and mutual […]

Venture Global Supplies First LNG Cargo to Finland

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(Venture Global, 3.Apr.2023) — Vitol announced the delivery of the first LNG cargo to ever arrive in Finland. The tanker, which can hold 174,062 m3 of liquefied natural gas (LNG) was loaded at Venture Global’s Calcasieu Pass LNG export terminal and arrived at the new Inkoo terminal in Finland. “Venture […]

Aker BP Awarded Power from Shore Licence for Yggdrasil 

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(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

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(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

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(Les pĂ„ 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]

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(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 […]

EAI’s NRGBriefs: Mar. 2023

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(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., and launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara […]

Baker Hughes to Supply Trains for Port Arthur LNG Phase 1 Project

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(Baker Hughes, 27.Mar.2023) — Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas, following the positive Final Investment Decision (FID) announced March 20. Through the […]

TotalEnergies Publishes its Full Response to Le Monde French Newspaper

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(TotalEnergies, 23.Mar.2023) — Contrary to Le Monde French newspaper’s assertion that TotalEnergies refused to respond to so-called accusations, we are publishing the exhaustive answers we gave to Le Monde in the context of the preparation of its article on the Adani Group. 1) Indian stock market regulations require that publicly listed companies […]

Majors Capex Guidance Update

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(Energy Analytics Institute, 23.Feb.2023) — “Despite bumper profits, the peer group is guiding towards $118bn in total investment in 2023, up just 4% on last year. This reflects the priorities of capital discipline, targeted investment in the best projects and shareholder returns – the group collectively returned $117bn to investors […]

Eni: 4Q:22 and YE:22 Results [PDF Downloads]

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(Eni, 23.Feb.2023) — Eni‘s Board of Directors, chaired by Lucia Calvosa, yesterday approved the unaudited consolidated results for the full year and the fourth quarter of 2022. Eni CEO Claudio Descalzi said: “In 2022, Eni was not only engaged in progressing its sustainable energy transition goals, but also in ensuring […]

EAI’s NRGBriefs: Feb. 2023

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(Energy Analytics Institute, 23.Feb.2023) — Energy briefs as well as others related to finance and politics during February 2023 including Repsol commenting on improvement of prospects for operations in Venezuela; earnings updates and webcasts from Pemex, Noble Corporation, bp, Repsol and TotalEnergies; Venezuela reactivates first drilling rig, the PDVEN-778, in […]

How the Russia-Ukraine War is Changing Energy Markets

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(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, […]

Biden Visits Kyiv to Reaffirm US Commitment to Ukraine

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(Energy Analytics Institute, 20.Feb.2023) — Today, President Biden is in Kyiv to reaffirm America’s unwavering commitment to Ukraine’s democracy, sovereignty, and territorial integrity, The White House announced 20 Feb. 2023 in a Twitter post. The United States of America will stand with the Ukrainian people for as long as it […]

Aker Horizons ASA: 4Q:22 Results

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(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 […]

Repsol Reports Net Income of €4.3bn in 2022 [PDF Downloads]

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(Repsol, 16.Feb.2023) — Repsol obtained a net income of €4.251bn in 2022, a year marked by uncertainty, volatility, and complex market dynamics due to the invasion of Ukraine. In 2022, Repsol invested €4.182bn to advance its transformation, 40% more than the previous year, mainly in the Iberian Peninsula and the […]

Costa Group Works Toward Decarbonisation of Cruise Industry

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(Proman and Costa Group, 16.Feb.2023) — Costa Group, part of Carnival Corporation and Europe’s leading cruise operator with its two brands Costa Cruises and AIDA Cruises, and the leading methanol producer, Proman, have signed an MOU to drive further the implementation of methanol as a marine fuel for the cruise industry. The […]

TotalEnergies Reports Adjusted Net Income of $20.5bn in 2022 [PDF Download]

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(TotalEnergies, 8.Feb.2023) — The Board of Directors of TotalEnergies SE, chaired by CEO Patrick PouyannĂ©, met on 7 February 2023, to approve the 2022 financial statements. On the occasion, Patrick PouyannĂ© said: “While down from the previous quarter highs due to uncertainties about the demand outlook, fourth quarter oil and […]

TotalEnergies Obtains CO2 Storage Licenses in Danish North Sea

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(TotalEnergies, 6.Feb.2023) — TotalEnergies has been awarded two licenses to explore CO2 storage potential in the Danish North Sea. The licenses are located 250 kilometers off the west coast of Denmark and cover an area of 2,118 km2.  The acreage includes the Harald gas fields, currently operated by TotalEnergies, for which […]

Plenitude Returns to Sanremo in the Name of the Energy Transition

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(Eni, 2.Feb.2023) — The journey to improve energy efficiency at the Sanremo Festival, which Plenitude began in 2022 with Rai and Rai PubblicitĂ , continues today. The company is Partner of the 73rd edition of Italy’s most important music event. Plenitude’s presence at Sanremo will focus on the energy transition and […]

CGG and 2CRSi to Launch State-of-the-Art HPC-as-a-Service Offering

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(CGG, 1.Feb.2023) — CGG, a global technology and HPC leader specializing in Earth science, data science, sensing and monitoring, and 2CRSi, a designer and manufacturer of high-performance energy-efficient computer servers, have signed a strategic agreement to jointly launch a new high-performance computing (HPC)-as-a-Service (HPCaaS) offering to meet the needs of […]

TotalEnergies Tops Ranking of the Forum Pour l’Investissement Responsable (FIR)

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(TotalEnergies, 1.Feb.2023) — TotalEnergies tops the ranking of the Forum pour l’Investissement Responsable (FIR), which on January 25 released the survey results for all CAC40 companies ahead of their 2022 Annual Shareholders’ meetings: “How does the CAC 40 meet investor expectations?” FIR is a french association representing all stakeholders in Social and Responsible […]

Italian Police and Eni Renew Deal to Prevent, Combat Cybercrime

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(Eni, 1.Feb.2023) — Eni and the Italian State Police have renewed an agreement to prevent and combat cybercrime against information systems and services deemed essential to the country. The agreement, signed in Rome by Lamberto Giannini, Chief of Police and General Director of Public Security, and Claudio Descalzi, CEO of […]

EAI’s NRGBriefs: Jan. 2023

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(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 […]

Baker Hughes Unveils New Digital Solutions for Cleaner Energy

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(Baker Hughes, 30.Jan.2023) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced at its Annual Meeting in Florence, Italy, the introduction of multiple new digital solutions and investments to advance more intelligent and energy-efficient operations. The result of detailed research conducted with oil and gas, heavy industry and broader industrial customers and […]

Baker Hughes and Fortescue to Jointly Explore Green Hydrogen Projects

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(Baker Hughes, 30.Jan.2023) — Baker Hughes (NASDAQ: BKR) announced a memorandum of understanding (MoU) with Fortescue Future Industries (FFI) to jointly explore potential opportunities for the scale up and adoption of novel technology solutions for green hydrogen, green ammonia and geothermal projects. The companies see new pathways to accelerate the energy transition thanks […]

Eni Prices €2bn Bond, Its First Sustainability-Linked Issuance in Italy

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(Eni, 23.Jan.2023) — Eni S.p.A. announces that the gross annual nominal interest rate of its first sustainability-linked bond dedicated to public in Italy has been set at 4.30%. Highlights: — Received orders from over 300,000 investors for over €10bn, compared to €1bn initially offered, then increased to €2bn to meet […]

Wintershall Dea Confirms It Will Leave Russia

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(Wintershall Dea, 17.Jan.2023) — The Wintershall Dea Supervisory Board approved a principle decision by the Management Board to exit Russia. As a consequence, Wintershall Dea intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. Highlights: Wintershall Dea to deconsolidate Russian segment from financial […]

Wintershall Dea to Exit Russia

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(Energy Analytics Institute, 17.Jan.2023) — Wintershall Dea will exit Russia. Wintershall Dea’s supervisory board approved a principle decision by the management board. As a consequence, Wintershall Dea intends to fully leave Russia in an orderly manner complying with all applicable laws and regulations, the company announced 17 Jan.uary2023 on LinkedIn. […]

TotalEnergies Delivers FSRU to Lubmin Terminal in Germany

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(TotalEnergies, 13.Jan.2023) — TotalEnergies announces the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG). Operated by Deutsche ReGas and located in Lubmin on the German Baltic Sea coast, the site’s official inauguration will take place tomorrow, attended by German Federal Chancellor Olaf Scholz. This project, to which […]

Horizon ‎Petroleum to Create Europe Focused Producer

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(Horizon Petroleum, 12.Jan.2023) — Horizon Petroleum Ltd. (TSXV: HPL.H) has entered into a letter of intent dated December 9, 2022 (the “LOI“) with a private European company (the “Vendor“) under which Horizon will acquire all of the outstanding shares of its European oil and gas subsidiary company (“SUB“) (the “Transaction“) through the issuance […]

Oil Price Cap Chips Away at Russia’s Revenue

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(Canada’s National Observer, 12.Jan.2023) — A price cap and European Union embargo on most Russian oil have cut into Moscow’s revenue from fossil fuels, but the Kremlin is still earning substantial cash to fund its action in Ukraine because the $60-per-barrel cap was “too lenient,” researchers said Wednesday. The combination of the […]

TotalEnergies Commissions Anaerobic Digestion Unit BioBĂ©arn

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(TotalEnergies, 12.Jan.2023) — TotalEnergies has launched its eighteenth biogas production unit1 in France, which will be the largest in the country with a maximum capacity of 160 gigawatt hours (GWh). Named BioBĂ©arn and located in Mourenx in the south-west of France, this new unit, fed with organic waste, has begun feeding […]