(CGG, 29.Aug.2022) — CGG, PGS and TGS, industry leaders of multi-client geoscience data, announce that Schlumberger has become a part of Versal, increasing its coverage to the vast majority of the world’s multi-client seismic data. Versal was created by CGG, PGS and TGS in 2020 and launched in 2021 to […]
Category: Europe
Europe energy
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 […]
Sercel Makes Another Major Sale of its Nodal OBN Solution
(CGG, 29.Aug.2022) — CGG announced that Sercel has sold a second batch of 12,000 GPR300 nodes to BGP Inc., following their earlier major order of 18,000 GPR300 nodes in 2021. This represents a significant increase in the seismic survey equipment currently being deployed on a project in the Middle East. […]
TotalEnergies to Divest 49% Interest in Russian Termokarstovoye Gas Field
(TotalEnergies, 26.Aug.2022) — On 22 March 2022, TotalEnergies publicly shared its principles of conduct for its Russian related business. TotalEnergies reiterated its firmest condemnation of Russia’s military aggression against Ukraine and stated that it would ensure strict compliance with current and future European sanctions, no matter what the consequences on […]
Maersk Drilling Releases Fleet Status Report on 2Q:22 Activity
(Energy Analytics Institute, 18.Aug.2022) — Maersk Drilling announced that the total firm value of contracts and extensions awarded to the company during the second quarter 2022 (2Q:22) was approximately $0.2bn. At 30 June 2022, contract backlog amounted to $2bn, the company announced in its most recent Fleet Status Report (19 […]
PDVSA Pauses Oil-for-debt Shipments to Europe, Wants Product Swaps
(Reuters, 12.Aug.2022) — Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide it with fuel in exchange for future cargoes, three people familiar with the matter said. Venezuela’s oil company PDVSA no longer is interested in the oil-for-debt […]
Maersk Awarded Extension with TotalEnergies offshore Denmark
(Maersk, 12.Aug.2022) — TotalEnergies EP Denmark A/S exercised an option to add two months to the accommodation services work scope for the jack-up rig Maersk Interceptor in the Danish North Sea. The contract extension will commence in November 2022, in direct continuation of the rig’s current contract. Two two-month options […]
Eni Acquires Tango FLNG to Export LNG from Congo
(Eni, 5.Aug.2022) — Eni has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility will be used by Eni in the Republic of Congo, as part of the activities of the natural gas development project in the Marine XII block, in […]
EXMAR Sells Floating Liquefaction Unit to Eni
(EXMAR, 5.Aug.2022) — EXMAR has signed an agreement with Eni for the sale of the TANGO FLNG. TANGO FLNG floating liquefaction plant, delivered in 2017, has a storage capacity of 16,100 m³ of LNG (liquefied natural gas) and a liquefaction capacity of up to 0.6 million tons per year. The […]
Repsol Confirms Venezuela Crude Deal Restart
(Argus, 28.Jul.2022) — Spain’s integrated Repsol has resumed its crude-for-debt deal with Venezuela, and said the arrival of around 3mn bl of Venezuelan crude at its Spanish terminals this month will help to partly offset a weakening of its refining margins. Repsol chief executive Josu Jon Imaz said the return […]
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 […]
TotalEnergies Commits to Large-scale Fuel Price Reduction Program
(TotalEnergies, 22.Jul.2022) — To meet the expectations of French people affected by the increase in energy prices and the impact on their purchasing power, TotalEnergies is initiating a large-scale fuel price reduction programme for all of its service stations in France, effective until year-end. From 1 September to 1 November, TotalEnergies […]
Schlumberger Announces 2Q:22 Results
(Schlumberger, 22.Jul.2022) — Schlumberger Limited (NYSE: SLB) announced results for the second-quarter 2022. Schlumberger CEO Olivier Le Peuch commented, “The second quarter marked a significant inflection point for Schlumberger with a strong acceleration of revenue and earnings growth. Sequentially, revenue grew 14%, by more than $800 million; EPS—excluding charges and […]
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. […]
Mohammad Sanusi Barkindo: An OPEC Icon, A Dear Friend to Many
(OPEC, 6.Jul.2022) — It is with immense sorrow and sadness that the OPEC Secretariat learnt of the passing of the OPEC Secretary General, His Excellency, Mohammad Sanusi Barkindo, in his home country of Nigeria. He was the much-loved leader of the OPEC Secretariat and his passing is a profound loss […]
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 […]
Shell Joins Qatar’s NFE LNG Expansion Project
(Shell, 5.Jul.2022) — Shell has been selected by QatarEnergy as a partner in the North Field East expansion project in Qatar, the single largest project in the history of the liquefied natural gas (LNG) industry. Shell will hold a 25 per cent share in a joint venture company which will […]
Wintershall Dea Reinforces “Aiming for Zero Methane Emissions Initiative”
(Wintershall Dea, 30.Jun.2022) — Rapidly reducing methane emissions is an essential tool for mitigating climate change and achieving global climate goals. “The gas and oil industry, too, must and will make its contribution here. At Wintershall Dea, we have already been very consistently reducing the methane emissions from our production […]
G-7 Leaders Favor LNG Investment in U-Turn Due to Energy Crisis
(Bloomberg, 29.Jun.2022) — Investments in liquefied natural gas — already booming as Europe seeks to cut its energy dependence on Russia — are set to get another boost, even amid longstanding climate concerns. Leaders from the Group of Seven, representing the world’s richest economies, on Tuesday supported temporary public investments […]
Strohm Supports Shell with Fast-track Delivery of a TCP Riser
(Strohm, 28.Jun.2022) — Strohm has supplied Shell with a static Thermoplastic Composite (TCP) Riser to support operations at one of its Southern North Sea assets. The availability of TCP through Strohm’s “TCP on Demand” model and the ability to install end-fittings offshore enabled flexible, quick and easy installation. Strohm was […]
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 […]
NRGBriefs: Eni Plenitude S.p.A. Società Benefit Postpones IPO
(Energy Analytics Institute, 23.Jun.2022) — Energy briefs including Eni Plenitude S.p.A. Società Benefit informing that shareholder Eni S.p.A. have postponed an IPO of ordinary shares for listing on Euronext Milan due to a deterioration in market conditions; and GTC Vorro Technology expanding with the launch of its technology licensing division. […]
Noble Corporation to Divest Five Rigs
(Noble Corporation, 23.Jun.2022) — Noble Corporation (NYSE: NE) announced that it has entered into an asset purchase agreement to sell five jackup rigs for $375mn to a newly formed subsidiary (“Buyer”) of Shelf Drilling, Ltd. whose obligations under the asset purchase agreement will be guaranteed by Shelf Drilling (the “Remedy […]
Maersk to Divest Remedy Rigs for $375mn
(Maersk, 23.Jun.2022) — With reference to the announcement made on 9 May 2022, Noble Corporation (NYSE: NE) and The Drilling Company of 1972 A/S (CSE: DRLCO) (“Maersk Drilling”, and together with Noble, the “Parties”) today provided an update on the ongoing merger control process for the business combination announced on […]
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 […]
NRGBriefs: Colombia Elects Gustavo Petro; Ecuador’s Force Majeure
(Energy Analytics Institute, 19.Jun.2022) — Political and energy briefs including Colombians electing Gustavo Petro as the South American country’s next president from 2022-2026; Ecuador declaring Force Majeure along the country’s entire hydrocarbon value chain; and Gazprom announcing it will deliver volumes of gas in line with recent days. LATIN AMERICA […]
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 a floating offshore wind farm in the Troll area some 65 kilometres west of Bergen, Norway. With an installed capacity […]
BHP to Retain New South Wales Energy Coal
(BHP, 15.Jun.2022) — BHP will retain New South Wales Energy Coal (NSWEC) in its portfolio, seek the relevant approvals to continue mining beyond its current mining consent that expires in 2026 and proceed with a managed process to cease mining at the asset by the end of the 2030 financial […]
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 Stavanger from 2024/2025. The new office complex will be located seaside near the leaning tower in Jåttåvågen. The total construction […]
Finland’s First FLNG Terminal to be in Fortum’s Inkoo Port
(Fortum, 9.Jun.2022) — Gasgrid Finland and Fortum have signed a Letter of Intent on placing Finland’s first floating LNG terminal vessel Exemplar at Fortum’s Inkoo port. Located on the Southern Coast of Finland, Inkoo provides an optimal deep-water port at close proximity to the pipelines distributing the gas mainly to […]
US to Allow Venezuelan oil to be Shipped to Europe: Report
(The Hill, 5.Jun.2022) — The U.S. will reportedly resume allowing Venezuelan oil to flow to Europe, people familiar with the matter told Reuters. The outlet on Sunday reported that Eni SpA and Repsol SA, which are Italian and Spanish respectively, could ship Venezuelan oil to Europe as early as next month […]
US to Let Eni, Repsol Ship Venezuela Oil to Europe, Reuters Says
(Bloomberg, 5.Jun.2022) — The US could allow Italy’s Eni SpA and Spain’s Repsol SA to ship Venezuelan oil to Europe as soon as July to make up for Russian crude, Reuters reported, citing people familiar with the matter. The US State Department gave the two companies the green light to resume shipments in […]
Norway’s Equinor reveals start of production at Hammerfest LNG
OSLO, NORWAY (By Equinor, 2.Jun.2022, Words: 569) — 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 tank at Melkøya. “With the start-up of Hammerfest LNG, we add further volume to the […]
Repsol to Invest €105mn in the Puertollano Industrial Complex
(Repsol, 2.Jun.2022) — Repsol will invest 105mn euros in the Puertollano Industrial Complex to build the first plant in the Iberian Peninsula capable of manufacturing ultra high molecular weight polyethylene (UHMWPE), a material considered a ‘super polymer’ due to its exceptional properties. This new plant will be operational by the […]
Eni and Ansaldo Energia to Develop Solutions for Electricity Storage
(Eni, 31.May.2022) — Eni and Ansaldo Energia, two international players in the energy transition space and long-standing partners, have signed an agreement to develop projects based on innovative technological solutions for electricity storage as an alternative to electrochemical batteries. Under the terms of the agreement, these technologies, which are being […]
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 placement consisted of one tranche of 74,200,000 new shares and a second tranche of 142,016,216 new shares, allocated among applicants […]
Siemens Gamesa and Greenalia Push Energy Transition in Spain
(Siemens, 30.May.2022) — Siemens Gamesa and independent power producer Greenalia will install a hat-trick of wind farms in the province of A Coruña, northwest of Spain, for a total capacity of 110MW. The three wind farms will be equipped with 22 SG 5.0-145 turbines, one of the company’s most powerful […]
TotalEnergies Welcomes Start-Ups to its Electricity Start-Up Accelerator
(TotalEnergies, 30.May.2022) — During the inauguration of TotalEnergies On – TotalEnergies‘ start-up accelerator at the world’s largest start-up campus, STATION F in Paris – Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, and Xavier Niel, founder of STATION F, welcomed the first 10 start-ups to the accelerator program dedicated […]
Eni and Sonatrach to Accelerate Decarbonization Via Green Hydrogen
(Eni, 26.May.2022) — The Chairman of SONATRACH, Toufik Hakkar, and Eni CEO, Claudio Descalzi, signed today a Memorandum of Understanding (MoU) in Rome aimed at accelerating the development of gas fields in Algeria and decarbonisation via green hydrogen. The signing ceremony was witnessed by the President of the People’s Democratic […]
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 Åsgard field in the Norwegian Sea. The area consists of six gas and condensate discoveries and option on another three […]
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 five kilometres south-southeast of discovery well 7220/8-1, which is in the Johan Castberg field, and 210 kilometres northwest of Hammerfest. […]