(WoodMac, 19.Aug.2021) — Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said in a report released today. Stakeholders are demanding greater accountability for carbon emissions along the value […]
Category: Europe
Europe energy
Nabors Reports 2Q:21 Results
(Nabors, 27.Jul.2021) — Nabors Industries Ltd. (NYSE: NBR) reported second quarter 2021 operating revenues of $489mn, compared to operating revenues of $461mn in the first quarter of 2021. The net loss from continuing operations attributable to Nabors common shareholders for the quarter was $196mn, or $26.59 per share. The second […]
Wellesley In Asset Swap With Equinor
(Wellesley Petroleum, 26.Jul.2021) — Wellesley Petroleum AS and Equinor Energy AS signed a Sale and Purchase Agreement covering several development assets on the Norwegian Continental Shelf. The transaction is as follows: Equinor to acquire a 40% participating interest in licences PL090 JS, PL248 I and PL925, containing the Grosbeak and Kallåsen discoveries. […]
bp Acquires AI-driven Open Energi
(bp, 22.Jul.2021 ) — bp acquired UK-based digital energy business Open Energi. The company’s digital platform uses real-time data to optimise the performance of energy assets. It can generate savings and maximise revenues for customers by connecting to power markets and providing flexibility at times of low renewable generation and […]
CEOs Call For G20 To ‘Get Serious’ About Renewables
(GWEC, 19.Jul.2021) — The leading CEOs of the global wind industry have united to call on G20 members to show leadership in the climate crisis by raising national ambitions and urgently laying out concrete plans for increased wind energy production to replace fossil fuels. Representing the Global Wind Energy Coalition […]
Excelerate Energy, Snam, And Albgaz Sign MOU To Pursue New Gas Pipeline
(Excelerate, 15.Jul.2021) — Excelerate Energy L.P., Snam S.p.A, and Albgaz Sh.a signed a Memorandum of Understanding (MOU), in Tirana, Albania, to explore potential cooperation for the construction of a natural gas pipeline from the Albanian Vlora Terminal to other natural gas infrastructure opportunities in Albania. Under this MOU, Excelerate, Snam, […]
Italian Court Accepts Extradition Request For Former Minister Ramirez
(Reuters, 14.Jul.2021) — An Italian court on Wednesday approved an extradition request for Venezuela’s former Oil Minister Rafael Ramirez, who is charged with corruption, Venezuelan state television said. Authorities in the South American country had sought an Interpol red notice – a request to law enforcement worldwide to locate and […]
Bristow Reveals Contract Extensions In Norway
(Bristow Group, 12.Jul.2021) — Bristow Group Inc. (NYSE: VTOL) announced four separate two-year contract extensions through April 2024 with Equinor, Shell and Neptune to support its air transportation crew change services for their operations in the Norwegian continental shelf. Bristow has been an Equinor aviation partner for more than 20 […]
Swiss Insured Brazil Power 9.850% Notes Due 2032
(Swiss Insured Brazil Power, 2.Jul.2021) — Swiss Insured Brazil Power Finance S.à r.l., a private limited liability company (société à responsabilité limitée), incorporated and existing under Luxembourg law, having its registered office at 14, rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce […]
Seadrill On Restructuring Discussions
(Seadrill, 2.Jul.2021) — Seadrill Limited (OSE: SDRL, OTCPK:SDRLF) and the Issuer announce that, further to the announcement made by Seadrill and the Issuer on 18 June 2021, the Issuer and certain of its subsidiaries have today agreed key commercial terms for a comprehensive restructuring of the Issuer and entered into […]
Mainstream Renewable Closes Financing Deal In Chile
(Mainstream Renewable, 1.Jul.2021) — Global wind and solar company, Mainstream Renewable Power, has achieved financial close for the third and final phase of its “Andes Renovables” wind and solar platform in Chile. The c. $182mn in debt raised will be used to build the “Copihue” phase which consists of one […]
Switzerland Investigates Gunvor Links To Ecuador
(Reuters, 30.Jun.2021) — Swiss prosecutors said on Wednesday they are investigating whether bribery, money laundering or other crimes linked to Ecuador oil trading were committed in Switzerland following a U.S. criminal case against an ex-Gunvor Group employee. U.S. prosecutors are investigating “the suspected bribery of Ecuadorian public officials and money […]
LatAm Briefs: Chile’s Green Plans, Venezuelan Oil Output
(Energy Analytics Institute, 29.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Chile and Germany inking a green hydrogen deal, EP PetroEcuador reaching an agreement with the community of El Edén to lift a 45-day blockage, Venezuela’s oil production averaging around 570,000 barrels per day, and more. […]
Brazil A Complex Place To Do Business
(TMF Group, 28.Jun.2021) — The comprehensive report by TMF Group, a leading professional services firm, analyses rules, regulations, tax rates, penalties and compliance issues across 77 jurisdictions, accounting for 92% of the world’s total GDP and 95% of net global FDI flows. 292 indicators are tracked annually, offering data on […]
The Kjøli Copper Project Exploration Details
(Capella Minerals, 28.Jun.2021) — Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) provided the following update on ongoing exploration activities at its 100%-owned Kjøli high-grade copper project in central Norway. Field activities are currently focused on the definition of specific drill locations within the 14 CARDS AI targets identified along strike […]
Azelio In Collaboration With MMR For Energy Storage Projects
(Azelio, 28.Jun.2021) — A Memorandum of Understanding (MoU) has been signed between Azelio and MMR Constructors (MMR) with the intention to develop projects combining Azelio’s long-duration energy storage, TES.POD®, with solar PV to supply customer with renewable energy around-the-clock. The collaboration aims at an installed capacity of 250 MWh of […]
US-EU-Canada Issue Joint Statement On Venezuela
(US State Department, 25.Jun.2021) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs and Security Policy Josep Borrell, and Canadian Minister of Foreign Affairs Marc Garneau. Begin text: We remain deeply concerned about the ongoing crisis in Venezuela and […]
Carbon Removal Key To Reaching Paris Target
(WoodMac, 24.Jun.2021) — Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale […]
Equinor Offered Production Licences In 25th Licensing Round
(Equinor, 23.Jun.2021) — The Ministry of Petroleum and Energy has offered Equinor two operated production licences in the 25th licensing round in the Barents Sea. “We are pleased with the award. A steady access to acreage contributes positively to the development of the Norwegian Continental Shelf. This award brings opportunities […]
Life Of Heimdal Gas Centre Extended To 2023, Equinor Says
(Equinor, 17.Jun.2021) — New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon. The Heimdal partners have now decided to extend operations at Heimdal to 2023. Since start-up in 1985 Heimdal has produced 46 billion standard cubic metres of gas and 7 million cubic […]
Eni, SKK Migas Ink MOU For Activities In Indonesia
(Eni, 17.Jun.2021) — Eni, through its subsidiary Eni Indonesia, signed a Memorandum of Understanding with SKK Migas for cooperation on exploration activities in Indonesia. The MoU defines the framework for further cooperation in the processing and interpretation of seismic data owned by the Republic of Indonesia by using Eni’s proprietary […]
Presenting Strategy To Accelerate Equinor’s Transition
(Equinor, 15.Jun.2021) — Equinor ASA (OSE:EQNR, NYSE:EQNR) presents its strategy to accelerate the company’s transition while growing cash flow and returns. Key highlights from the strategy update: Accelerating the transition and setting an ambition to reach a 40% reduction in net carbon intensity by 2035, on the way towards net zero by […]
TotalEnergies Boost Offshore Wind Investments
(TotalEnergies, 14.Jun.2021) — Renewable energy has a critical role to play in meeting rising global electricity demand while helping to combat global warming. Wind power, a low-carbon, naturally renewable solution, has a particularly bright future. That’s why we are leveraging our expertise to develop this resource. In particular, we are […]
TotalEnergies Expands Charging Network Of Amsterdam Municipality
(TotalEnergies, 8.Jun.2021) — The municipality of Amsterdam has awarded the concession for the expansion of its public charging network for electric vehicles (EV) to TotalEnergies. As part of this new concession, TotalEnergies will expand Amsterdam’s current network with 2,200 new EV charging points, to be installed by fall 2022. The […]
Platinum Equity To Acquire Urbaser From China Tianying For $4.2bn
(Platinum Equity, 6.Jun.2021) — Platinum Equity entered into a definitive agreement to acquire Urbaser, one of the world’s largest providers of environmental services, from China Tianying Inc. for an enterprise value of approximately $4.2bn (€3.5bn). The sale is expected to be completed during the third quarter of 2021, subject to […]
Saipem And Naval Energies Ink Deal To Acquire Floating Wind Business
(Saipem, 4.Jun.2021) — Saipem and Naval Energies, a subsidiary of Naval Group, signed yesterday an agreement for the acquisition of Naval Energies’ floating wind business, consisting in Naval Energies’ engineering know-how on floating units, intellectual property rights and approximately thirty resources with expertise in modelling and simulation. The transaction has […]
![International Gas Union Releases 12th Annual World LNG Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/06/IGU-2019_web_spreads-1.png)
International Gas Union Releases 12th Annual World LNG Report [PDF Download]
(International Gas Union, 3.Jun.2021) — The International Gas Union (IGU) is today releasing its 12th annual World LNG Report, the world’s most comprehensive public source of information on key developments and trends in the LNG sector. An exceptional year Much has changed since the release of the 2020 report, when […]
Iberdrola Buys First 1,000 Supernova Fast Chargers From Wallbox
(Iberdrola, 2.Jun.2021) — Iberdrola is acquiring the first Supernova fast chargers from the electric vehicle smart charging manufacturer Wallbox, that it will install globally, in the markets in which it operates. This agreement was announced by the Chairman of Iberdrola, Ignacio Galán, and the Co-Founder and CEO of Wallbox, Enric […]
Total Changes Name To TotalEnergies SE
(Total, 1.Jun.2021) — Total’s Ordinary and Extraordinary Meeting of Shareholders decided on 28 May 2021 to change the company’s name to TotalEnergies SE. The name and ticker symbol of TotalEnergies shares and American depositary receipts (ADR) will be adjusted as follows: Moreover, each market will release a notice specifying the […]
MPC Energy Provides 1Q:21 Update
(MPC Energy Solutions, 31.May.2021) — MPC Energy Solutions N.V., Amsterdam, gives an update on the Q1 2021 figures. The company only commenced its full operations in early 2021. The result and the balance sheet for the first quarter therefore do not yet allow any conclusions to be drawn about the […]
Maersk Drilling Agrees To Divest Mærsk Inspirer
(Maersk, 27.May.2021) — Maersk Drilling entered into an agreement to divest the combined drilling and production unit Mærsk Inspirer to Havila Sirius for a price of $373mn. This transaction is in line with Maersk Drilling’s strategic objective of aligning its fleet to its core business, while also further strengthening Maersk […]
Energy Transition Represents $14tn Uncertainty For Upstream Sector
(WoodMac, 20.May.2021) — The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie. Oil and gas is a risky business. Over the years, those risks have been tempered by a single tenet – that demand would continue to […]
![IEA Reveals Net Zero By 2050 Roadmap Report [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2021/05/iea-hq-source-iea.jpg)
IEA Reveals Net Zero By 2050 Roadmap Report [PDF Downloads]
(Energy Analytics Institute, 18.May.2021) — The Paris-based International Energy Agency (IEA) revealed its major report titled “Net Zero by 2050: A Roadmap for the Global Sector.” The report and associated power point presentations are available here. ____________________ By Chad Archey. © Energy Analytics Institute (EAI). All Rights Reserved.
Maersk Divesting Jack-ups Guardian And Gallant
(Maersk, 17.May.2021) — Maersk Drilling has sold the jack-up rig Maersk Guardian (now named Guardian) to New Fortress Energy, and the parties have further entered into an agreement about the sale of the jack-up rig Mærsk Gallant with anticipated closing in June 2021. The total sales price for the two […]
LatAm Briefs: Colombia Unrest, Argentina President In Europe, Pampa Webcast
(Energy Analytics Institute, 13.May.2021) — Energy briefs from the Latin America and Caribbean region including: ongoing national strike and protests in Colombia impacting fuel supply; Argentina’s President to meet with Kristalina Georgieva, head of the International Monetary Fund (IMF); and Pampa Energía S.A. hosting its 1Q:21 Webcast Colombian Protests Impacting […]
bp And Cemex Join Up On Net-Zero Emissions
(bp, 13.May.2021) — bp and Cemex, S.A.B. de C.V. (NYSE: CX) will work together on accelerating the progress of Cemex’s 2050 ambition to deliver net-zero CO2 concrete globally. Highlights: — bp and Cemex aim to develop solutions to decarbonize the cement production process and transportation. — Cemex and bp have aligned ambitions […]
LatAm Briefs: IPD On Sanctions On Venezuela, bp’s Looney On Transformation
(Energy Analytics Institute, 4.May.2021) — Energy briefs from the Latin America and Caribbean region including: IPD Latin America’s Managing Director David Voght on US’ sanctions on Venezuela and bp’s CEO Bernard Looney on the company’s evolution from an IOC to an IEC. IPD’s David Voght On US’ Sanctions On Venezuela […]
Bristow Inks Contract Extension With Aker BP In Norway
(Bristow, 29.Apr.2021) — Bristow Group Inc. (NYSE: VTOL) announced a three-year contract extension until August 2024 with Aker BP to support air transportation crew change services for their operations in the Norwegian continental shelf. Bristow has been an Aker BP (former BP Norge) aviation partner for more than 15 years […]
The Role Of NOCs On The Road To Net Zero
(WoodMac, 28.Apr.2021) — Will national oil companies be next to set ambitious emission reduction targets? NOCs dominate the global oil and gas space – producing 50% of liquids and 48% of gas in 2021. And as some IOCs diversify away from oil and gas as part of their energy transition […]
Core Laboratories 1Q:21 Conference Call
(Core Laboratories, 21.Apr.2021) — Core Laboratories N.V. has scheduled a conference call to discuss its first quarter 2021 earnings announcement. The call will begin at 7:30 a.m. CDT / 2:30 p.m. CEST on Thursday, 22 April 2021. To listen to the call, please go to Core’s website at www.corelab.com. ____________________
Core Lab Reports 1Q:21 Results
(Core Laboratories, 21.Apr.2021) — Core Laboratories N.V. reported continuing operations resulted in first quarter 2021 revenue of $108,400,000. Core’s operating income was $11,600,000, with earnings per diluted share (“EPS”) of $0.18, all in accordance with U.S. generally accepted accounting principles (“GAAP”). Operating income, ex-items, a non-GAAP financial measure, was $12,000,000, […]
Equinor Asks Shareholders To Reject Intermediate Scope 3 Emissions Targets
(Reuters, 19.Apr.2021) — Equinor urged its shareholders on Monday to reject a proposal by an activist group to set intermediate targets for reducing emissions from the use of its energy products. The majority state-owned company has pledged to boost investment in renewables and has set a long-term goal to cut […]
Will Higher Oil Spell Trouble For Upstream Discipline?
(WoodMac, 19.Apr.2021) — In its rebound from the 2020 downturn, Brent flirted with US$70 per barrel. Higher prices in 2021 mean higher cash flow for producers, perhaps even record-setting highs. Have the good times returned? Global natural resources consultancy Wood Mackenzie believes operators need to be cautious. “While prices over […]
Johnson Matthey Inks Strategic Partnership For Battery Materials
(Johnson Matthey, 19.Apr.2021) — Johnson Matthey (JM), a global leader in sustainable technologies, today announces significant strategic developments in the commercialisation of eLNO – its portfolio of leading nickel rich advanced cathode materials – which put JM at the forefront of providing a sustainable and secure supply of cathode materials […]
NnG, Saipem And InfraStrata Reveal Major Contract For Harland & Wolff
(Saipem, 16.Apr.2021) — Neart na Gaoithe (NnG) Offshore Wind Limited (jointly owned by EDF Renewables and ESB), its tier one service provider, Saipem, and InfraStrata, owner of Harland & Wolff, jointly announce that a contract has been signed for Harland & Wolff to carry out the fabrication and load-out of […]
LatAm Briefs: New Pacific In Bolivia, Orvana’s 2Q:21 Production
(Energy Analytics Institute, 15.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: New Pacific acquiring the Carangas Silver Project, Bolivia and Orvana announcing second quarter production of 14,197 AuEq oz and exploration update. New Pacific Acquires the Carangas Silver Project, Bolivia (New Pacific Metals, 12.Apr.2021) — New […]
Achieving Paris Goals To Upend Markets
(WoodMac, 15.Apr.2021) — If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so […]
Total, Siemens To Reduce LNG Related Emissions
(Total, 13.Apr.2021) — Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation. Each partner will bring together their best-in-class technologies and combine their know-how to deliver industrial-stage solutions such […]
Saipem And Siram Veolia Ink MOU For Transition Project Collaborate
(Saipem, 8.Apr.2021) — Saipem and Siram Veolia have signed a Memorandum of Understanding (MoU) relating to a collaboration agreement for the implementation of projects focused on the energy transition in Italy. In particular, the two companies intend to pursue opportunities in the treatment and reuse of water and waste, the […]
Stellantis And Engie EPS Form JV
(Stellantis, 31.Mar.2021) — In a major step as they move towards the completion of their Joint Venture as announced on 26 January 2021, Stellantis and Engie EPS announced composition of the Board of Directors and the corporate name of the new entity: Free2Move eSolutions. Free2Move eSolutions has the ambition to […]