Category: Europe

Europe energy

Equinor Exits all JVs in Russia

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(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 Russia, stopped trading oil and gas products from Russia and announced an impairment of $1.08bn on the balance sheet as […]

Orvana’s Revises Guidance Due to Impacts on Orovalle Operation

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(Orvana, 10.May.2022) — Orvana Minerals Corp. (TSX: ORV) reports consolidated financial and operational results for the quarter ended 31 March 2022 and announces revised guidance for fiscal year 2022 for the Orovalle operation to take into consideration the impacts caused by COVID-19 related absenteeism, delays in spare parts supply in Europe, the nationwide transportation strike […]

Sempra Infrastructure and PGNiG Advance North American LNG Alliance

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(Sempra, 16.May.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and the Polish Oil & Gas Company (PGNiG) entered into a heads of agreement (HOA) for the purchase of approximately 3 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) delivered free-on-board from Sempra Infrastructure’s portfolio of LNG projects in North […]

Noble Corp. and Maersk Drilling Update on Merger Process

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(Noble, 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”) provided an update on the ongoing merger control process for the business combination announced on 10 November 2021. On 22 April 2022, the UK Competition and […]

Höegh LNG Inks Two FSRU Deals in Germany

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(Höegh LNG, 4.May.2022) — Höegh LNG Holdings Ltd. signed binding implementation agreements with the German Federal Ministry for Economic Affairs and Climate Action to charter out two FSRUs from its fleet for operations in Germany for 10 years. The detailed FSRU contracts are scheduled to be completed by September/October, and […]

Maersk Drilling Awarded Additional Three-well Contract with Aker BP

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(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 the drilling of three infill wells at the Ivar Aasen field offshore Norway. The contract has an estimated duration of […]

Maersk Drilling Awarded One-well Extension in the Dutch North Sea

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(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 is expected to commence in May 2022, in direct continuation of the rig’s current work scope, with an estimated duration of […]

Aker Horizons ASA: 1Q:22 Results

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(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 three months ended 31 March 2022. The company’s Net Asset Value (“NAV”) rose to NOK 17.0bn in the first quarter of 2022 from NOK […]

NRGBriefs: The Vennie-Trini Gas Dilemma; TotalEnergies’ 1Q:22 Results

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(Energy Analytics Institute, 28.Apr.2022) — Energy briefs including Venezuela’s inability to develop its gas sector presenting a massive opportunity for neighboring Trinidad and Tobago with its already well-established gas economy and massive four-train Atlantic LNG export complex; Paris-based TotalEnergies reporting 1Q:22 financial results; and Spanish oil giant Repsol reporting production […]

Repsol Posts 1Q:22 Net Income of €1.392bn [PDF Downloads]

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(Repsol, 28.Apr.2022) — Repsol‘s integrated business model and management in line with its Strategic Plan have allowed it to post a net result of €1.392bn, taking advantage of the improved economic context compared to the first quarter of 2021 that was still influenced by the global pandemic. Other 1Q:22 highlights: Adjusted net income, […]

FACT SHEET: Aker Clean Hydrogen’s Portfolio of Industrial Clean Hydrogen Projects

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(Aker Clean Hydrogen, 26.Apr.2022) — Aker Clean Hydrogen has a portfolio of industrial clean hydrogen projects and prospects has a total capacity of 1.8 GW under development, and an additional pipeline and opportunities of 6.8 GW. Project Highlights: BerlevĂ„g – Norway Green ammonia production to provide shipping industry and off-grid […]

Aker Clean Hydrogen: 1Q:22 Results

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(Aker Clean Hydrogen, 26.Apr.2022) — Aker Clean Hydrogen published the results for the first quarter of 2022, during which the company advanced the maturing of its clean hydrogen projects in Norway and internationally. Key developments included: Announcing a merger plan with Aker Horizons to strengthen the integration of hydrogen production with downstream […]

Aker and Statkraft to explore green hydrogen and ammonia in India and Brazil

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(Aker Horizons, 26.Apr.2022, Words: 617) — Aker Horizons, through its portfolio company Aker Clean Hydrogen, and Statkraft have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India and Brazil, targeting local steel and fertilizer industries. The collaboration brings together Aker Clean Hydrogen, a global integrated hydrogen, ammonia […]

UN Top Court Raps Colombia Over Sea Row with Nicaragua

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(France24, 21.Apr.2022) — The United Nations‘ top court on Thursday ordered the Colombian navy to stop interfering in Nicaraguan waters, ruling on a longstanding legal battle over maritime borders. The International Court of Justice “finds that by interfering with fishing and marine research activities of Nicaraguan-flagged vessels … in Nicaragua’s […]

How the Energy Transition can Reduce the Risk of Future Shocks

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(WoodMac, 21.Apr.2022) — The crisis caused by Russia’s invasion of Ukraine has highlighted the challenges for energy supplies as the world moves to tackle the threat of climate change. The uptake of low-carbon technologies can help address problems of energy security and affordability, and strengthen resilience to shocks in the […]

Budweiser Launches The Energy Collective

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(Budweiser, 20.Apr.2022) — Budweiser, an AB InBev global brand, today unveiled the global launch of The Energy Collective to help provide renewable electricity to bars, music venues and stadiums around the world. This launch follows and contributes to Budweiser parent company AB InBev’s recently announced ambition to achieve net zero across […]

NRGBriefs: Argentina Inflation Likely to Exceed 6% in March 2022

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(Energy Analytics Institute, 13.Apr.2022) — Energy briefs including economists in Argentina expecting inflation in Mar. 2022 to exceed 6%; and Energy Analytics Institute’s short takeaway on US sanctions on the Venezuelan gov’t and PDVSA only worsening living conditions for the majority of Venezuelan citizens. LATIN AMERICA AND THE CARIBBEAN Argentina […]

Noble Corp. and Maersk Drilling Update on the Merger Control Process

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(Noble Corp. 12.Apr.2022) — Noble Corporation (NYSE: NE) and The Drilling Company of 1972 A/S (CSE: DRLCO) (“Maersk Drilling”, and together with Noble, the “Parties”) provided an update on the ongoing merger control process for the business combination announced on 10 November 2021 (the “Transaction”). At this point in time, […]

Poland: TotalEnergies and KGHM Join Forces to Develop Offshore Wind Power

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(TotalEnergies, 12.Apr.2022) — TotalEnergies and KGHM signed a partnership to participate on a 50/50 basis in the Polish government tender for the development of offshore wind projects.  The government has launched a new auction scheme covering 11 areas in the Polish Baltic Sea, representing an expected total capacity of over 10 […]

CGG Expands High-Performance Computing Capacity with New UK HPC Hub

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(CGG, 12.Apr.2022) — To support continued differentiation in its core business and accelerate the development of its new activities, CGG is significantly expanding its high-performance computing (HPC) capacity and associated service offerings. The company recently signed a lease to build a new European HPC hub in Southeast England that will […]

NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022

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(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentina’s Economic Minister MartĂ­n GuzmĂĄn meeting with the Argentine Ambassador in Bolivia Ariel Basteiro to discuss issues related to a bilateral agenda […]

NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]

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(Energy Analytics Institute, 5.Apr.2022) — Energy briefs including Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) naming Craig Hairfield to the position of CEO; Argentine agriculture sector worried about a lack of gasoil; Petrobras Global Finance B.V. (PGF), has commenced cash tender offers; the US yet to ease sanctions in […]

CGG and Kent Announce Carbon Capture & Hydrogen Partnership

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(CGG, 5.Apr.2022) — CGG, a global technology leader in geoscience, has announced a strategic partnership with Kent, a leading energy services engineering company, to work together on realizing decarbonisation opportunities through CCUS development and hydrogen production and supply. CGG and Kent will be providing customers in the energy and industrial […]

Orvana Announces Restart of Production at Orovalle, Spain [PDF Download]

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(Orvana Minerals, 4.Apr.2022) — Orvana Minerals Corp. (TSX: ORV) has restarted operations and production at its Orovalle Operation in Spain. The nationwide transport strike that started on 14 March 2022 was suspended on Saturday, 2 April 2022. Supply chains are being progressively reactivated, after three weeks of disruption due to the nationwide strike. The Company […]

Borr Drilling on New Contracts and Extensions for Jack-up Drilling Rigs

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(Borr Drilling, 4.Apr.2022) — Borr Drilling Limited (NYSE and OSE: “BORR”) has been awarded new contracts and extensions for 5 of its premium jack-up drilling rigs. These awards increase the company’s backlog by approximately 2,530 days, excluding optional periods. The premium jack-up drilling rig “Gunnlod” has secured a contract with […]

27th OPEC and non-OPEC Ministerial Meeting

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(OPEC, 31.Mar.2022) — Following the conclusion of the 27th OPEC and non-OPEC Ministerial Meeting, held via videoconference on 31 March 2022, it was noted that continuing oil market fundamentals and the consensus on the outlook pointed to a well-balanced market, and that current volatility is not caused by fundamentals, but […]

How NOCs are Tackling the Energy Transition

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(WoodMac, 30.Mar.2022) — Despite their scale, national oil companies (NOCs) have until now largely escaped the heavy scrutiny experienced by international oil companies (IOCs) around emissions. Partly as a consequence, the energy transition strategies of most NOCs significantly lag those of their leading IOC peers, says Wood Mackenzie, a Verisk […]

Proman, CropX to Invest in Technology to Make Farming More Sustainable

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(Proman, 29.Mar.2022) — Proman, an integrated energy company and one of the world’s top ten nitrogen fertilizer producers, announced a new strategic partnership with CropX, a global pioneer in digital farm management systems. CropX technology provides farmers and industry experts with the data and information they need to increase farming […]

Transocean Invests in Exploration of Seabed Minerals to Support Renewable Supply Chain

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(Transocean, 29.Mar.2022) — Transocean Ltd. (NYSE: RIG) purchased a minority interest in Ocean Minerals Ltd., a company engaged in the exploration of seabed resources containing metals critical to the growing renewable energy market. Ocean Minerals, through its affiliate, Moana Minerals Limited, was awarded a license by the Cook Islands Seabed Minerals Authority last month for […]

Attend the Madrid Energy Conference from 6-8 Apr. 2022

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(Global Event Partners, 26.Mar.2022) — The Madrid Energy Conference has become the nexus for Latin American and European energy leaders to discuss energy transition solutions and clean energy advances, as well as how to navigate challenges exacerbated by COVID-19, particularly in terms of finance and fiscal stability in Latin America. Our […]

Electrolux Reduces Sea Transport Emissions by 15% in 2022

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(Electrolux, 23.Mar.2022) — Electrolux will now use more sustainable fuels for 25% of its total sea freight. By partnering with shipping companies Maersk and CMA CGM Group to use biofuel based on waste oils and LNG (Liquefied Natural Gas), Electrolux will reduce its sea transport greenhouse gas emissions by 15 […]

EXMAR and GASUNIE Move to Secure Energy Supply

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(Energy Analytics Institute, 18.Mar.2022) — EXMAR reached an agreement for a 5-year charter for the employment of its 600 million standard cubic feet per day (MMscf/d) regasification floating storage and re-gasification unit (FSRU) S188 with GASUNIE LNG Holdings BV. GASUNIE will utilize FSRU S188 as floating LNG import terminal at […]

Core Laboratories and Talos Energy Announce Strategic Alliance

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(Core Laboratories, 17.Mar.2022) — Core Laboratories N.V. (NYSE: “CLB US” and Euronext Amsterdam: “CLB NA”) and Talos Energy Inc. (NYSE: “TALO”) have announced a strategic alliance to provide technical evaluation and assurance for carbon capture and sequestration (“CCS”) opportunities. The alliance combines Core Lab’s market-leading reservoir description and optimization technologies with Talos’s […]

Maersk Drilling Secures Five-month UK Contract for Maersk Resolve

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(Maersk Drilling, 16.Mar.2022) — Maersk Drilling has been awarded a contract which could employ the harsh environment jack-up rig Maersk Resolve with a customer in the UK sector of the North Sea for the majority of 2022. The contract is expected to commence in April 2022, with an estimated duration […]

Maersk, Proman Announce Green Methanol Supply Deal

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(Proman, 10.Mar.2022) — Proman and A.P. Moller -Maersk entered into a new cooperation agreement to identify and develop green methanol supply solutions for Maersk’s new methanol-fuelled container vessels. As part of today’s agreement, Proman will aim to supply Maersk with 100,000 – 150,000 tonnes per year of green methanol from […]

MPC Energy Solutions Releases 2021 Preliminary Unaudited Financials

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(MPC Energy, 3.Mar.2022) — “2021 was an eventful year for MPC Energy Solutions. We made significant progress and expanded our broad portfolio of renewable energy assets in Latin America and the Caribbean. And now, in Q1 2022, we are reaching another important milestone, as our first projects become operational and start generating revenue,” […]

Shell Exits Equity Partnerships with Gazprom Entities

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(Shell, 28.Feb.2022) — The Board of Shell plc announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends […]