Category: Europe

Europe energy

Stellantis To Add To Electrified Range

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(Reuters, 30.Mar.2021) — Stellantis, the world’s fourth largest carmaker, plans to offer an electric version of the Opel Astra and a hybrid Peugeot 308 among new additions to its electrified range this year. Stellantis wants to exploit its size to take on rivals in the race to produce more electric […]

INEOS Energy To Sell Norwegian Assets

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(INEOS Energy, 25.Mar.2021) — INEOS Energy announced an agreement to sell its Oil and Gas business in Norway to PGNiG Upstream Norway AS for a consideration of $615mn. The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf. Highlights: […]

Bristow Achieves Int’l Safety Standard

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(Bristow, 22.Mar.2021) — Bristow Group Inc. is the first helicopter operator in the UK to achieve a new mandatory international aviation safety standard designed to ensure the airworthiness of its aircraft, underscoring the Company’s commitment to safety and industry leadership. Bristow was notified it officially achieved the certification – Continued […]

Hess Divest Interests In Denmark

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(Hess, 18.Mar.2021) — Hess entered into an agreement to sell its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150mn, effective 1 January 2021. “The sale of our Denmark asset enables us to further focus […]

Chile, Rotterdam Ink Green Hydrogen Deal

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(Energy Analytics Institute, 17.Jan.2021) — Chile signed a historic first memorandum of understanding (MOU) together with Rotterdam port authorities for the export-import of green hydrogen. “This is excellent news for Chile and the world,” Chile’s Energy and Mining Minister Juan Carlos Jobet said 17 March 2021 in an official statement […]

Auger Drill Program Underway At The Southern Gold Line Project, Sweden

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(Capella Minerals, 15.Mar.2021) — Capella Minerals Ltd. advised that an auger till sampling program is now underway on the RötjĂ€rnen claim block, which lies at the southern end of the company’s Southern Gold Line Project, Sweden. The primary aim of this till sampling program is to provide geochemical vectors towards […]

Maersk Drilling Annual Meeting Notice

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(Maersk Drilling, 12.Mar.2021) — The Drilling Company of 1972 A/S (Maersk Drilling) will hold its Annual General Meeting on Thursday 8 April 2021 at 10.00 AM (CEST). The Annual General Meeting will be held as a completely electronic general meeting without the possibility of physical attendance. The documents to be […]

Orvana Updates On Judicial Process In Spain

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(Orvana Minerals Corp., 3.Mar.2021) — Orvana Minerals Corp. provided an update on its subsidiary’s OroValle Minerals S.L., ongoing judicial process which started in 2015. This Process has been continuously disclosed and updated in the company’s quarterly financial statements since 30 June 2015 The Process relates to selenium discharge levels in […]

Shell Going ‘Green’, Plans Steady Drop In Oil Business

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(AP, 12.Feb.2021) — Royal Dutch Shell, one of the multinationals that has defined the oil industry, is slowly turning away from the fossil fuel that made its fortune over the decades, but also worsened a global climate crisis The company said on Thursday that its production of oil peaked before […]

Seaspan Reveals 10 LNG Containership Newbuilds

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(Seaspan, 12.Feb.2021) — Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., today announced that it has entered into agreements with a major shipyard for 10 – 15,000 TEU dual-fuel liquefied natural gas (LNG) containership newbuilds. The ultra-modern containerships are anticipated to begin deliveries in the first half of 2023, […]

ZIM And Seaspan Announce Deal For LNG-Fueled Vessels

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(ZIM Integrated, 12.Feb.2021) — ZIM Integrated Shipping Services Ltd., and Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., announced today a strategic agreement for the long-term charter of ten 15,000 TEU liquefied natural gas (LNG) dual-fuel container vessels, to serve ZIM’s Asia – US East Coast trade. ZIM is […]

Total And Sigeif Mobilités Open NGV Filling Station

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(Total, 12.Feb.2021) — Total has inaugurated France’s largest filling station exclusively dedicated to Natural Gas for Vehicle (NGV) and bioNGV, with the onsite presence of Jean-Baptiste Djebbari, French Minister Delegate for Transport. Located at the heart of the logistics platform of Gennevilliers, the second largest fluvial port in Europe, this […]

Seadrill Limited: Filing Of Chapter 11 Cases For Seadrill

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(Seadrill Limited, 10.Feb.2021) — The Board of Seadrill Limited announces that Chapter 11 cases have been filed in the Southern District of Texas in respect of Seadrill and its consolidated subsidiaries (the “Seadrill Group”) with the exceptions set out below. These filings are made in addition to the Chapter 11 […]

Total’s 4Q:20 Earnings Call Transcript

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(Motley Fool, 9.Feb.2021) — Executives with France’s Total participated in the company’s fourth quarter 2020 earnings call on 9 February 2021. What follows is the transcript of the call. Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Ladislas Paszkiewicz — Senior Vice President, Investor Relations Good morning or […]

Circle K Loves Norway

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(Alimentation Couche-Tard Inc., 7.Feb.2021) — Alimentation Couche-Tard Inc. and its global brand, Circle K, make it official: “Yes, Will Ferrell – Circle K loves Norway and we’re ready!” By being number one for EV charging offers in Norway – home to its premier global electric vehicle laboratory – Circle K […]

Total Joins In On Zero Carbon Shipping

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(Total, 4.Feb.2021) — Total joins today the MĂŠrsk Mc-Kinney MĂžller Center for Zero Carbon Shipping as a strategic partner and accelerates its R&D program for carbon neutral shipping solutions in line with its commitment to work together with its key customers to get to Net Zero. Based in Copenhagen, the […]

IMF: World Economic Outlook Update

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(IMF, 31.Jan.2021) — The International Monetary Fund (IMF) expects policy support and vaccines for Covid-19 to lift economic activity worldwide. Policy Support and Vaccines Expected to Lift Activity Although recent vaccine approvals have raised hopes of a turnaround in the pandemic later this year, renewed waves and new variants of […]

OPEC Fund Marks 45 Years Of Driving Development

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(The OPEC Fund, 28.Jan.2021) — The OPEC Fund for International Development (the OPEC Fund) marks its 45th anniversary today. Since inception, the multilateral development finance institution has approved more than $25bn in essential financing for 135 partner countries. Established in 1976 with a distinct mandate to drive development, strengthen communities […]

Climate Commitments Top Energy, Mining Agendas

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(WoodMac, 27.Jan.2021) — 2020 was the year that climate change became a dominant force for commodities. In response, a slew of companies and governments made ambitious net zero commitments. Renewables grew in importance in some oil and gas companies’ portfolios and as a power source for mining. Carbon pricing accelerated, […]

Italy Seeking Documents For Eni, Shell Nigeria Case

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(Reuters, 20.Jan.2021) — Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition of an oilfield in Nigeria by Eni and Shell. The long-running graft case revolves around the purchase of the Nigerian […]

Mainstream Renewable Inks €1bn Equity Investment Deal

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(Mainstream Renewable, 19.Jan.2021) — Global wind and solar company, Mainstream Renewable Power, has signed an agreement with the renewable energy investment company Aker Horizons (a wholly owned subsidiary of Aker ASA) which will take a 75% equity stake in the company, subject to regulatory approval. The deal values Mainstream at […]

Höegh LNG Partners On 4Q:20 Cash Distributions

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(Höegh LNG, 14.Jan.2021) — Höegh LNG Partners LP announced today its board of directors has declared a quarterly cash distribution with respect to the quarter ended 31 December 2020 of $0.44 per unit for the common units. The distribution corresponds to an annualized distribution of $1.76 per unit. The cash […]

France’s Total Acquires Fonroche Biogaz

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(Total, 11.Jan.2021) — Total announces the acquisition of Fonroche Biogaz, a company that designs, builds and operates anaerobic digestion units in France. With close to 500 gigawatt-hours (GWh) of installed capacity, which doubled between 2019 and 2020, Fonroche Biogaz is today the French market leader in the production of renewable […]

TechnipFMC On Activities Toward Separation

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(TechnipFMC, 7.Jan.2021) — TechnipFMC plc announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC’s and Technip Energies’ focus on their respective […]

EU Commission President On US Election

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(Energy Analytics Institute, 6.Jan.2021) — EU Commission President Ursula von der Leyen comments on US elections and recognition of Joe Biden as the next US president. “I believe in the strength of US institutions and democracy. Peaceful transition of power is at the core,” Leyen said in a post 6 […]

Gunvor Closes Innovative New Natural Gas Facility

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(Gunvor, 21.Dec.2020) — Gunvor Group successfully closed a new €300mn financing facility, which consists of a syndicated, pan-European natural gas repo facility to cover multiple jurisdictions in Europe with a shared security package. It will be used to support Gunvor’s growing natural gas activity across Europe, where the company is […]

Grid Expert To Lead Smart Wires Europe

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(Smart Wires, 10.Dec.2020) — Global power technology company, Smart Wires, announced that leading European electricity grid expert, Marie Hayden, has been appointed General Manager, Europe. Ms. Hayden is based in Dublin, Ireland, and will assume responsibility for the company’s European operations. Ms. Hayden has worked with Smart Wires for three […]

Gunvor Launches $540mn Biodiesel Borrowing Base

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(Gunvor, 4.Dec.2020) — Gunvor Group successfully closed a new $540mn borrowing base facility to support the company’s biodiesel trading activity. The facility drew strong support among Gunvor’s banking partners, which align with its strategy to promote cleaner products with greener feedstock components complying with EU climate targets to reduce greenhouse […]

OPEC+ To Boost Output After Tense Negotiations

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(WoodMac, 4.Dec.2020) — Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus […]

Seadrill Takes Actions To Address Capital Structure

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(Seadrill, 20.Nov.2020) — “Seadrill continues to play its part in establishing a more viable market environment – taking action on scrapping rigs, reducing the cost of operation and support activities, and addressing our capital structure, CEO Stuart Jackson, CEO said. “In doing so, we remain committed to the delivery of […]

Panasonic And Equinor Eye European Battery Business

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(Panasonic, 18.Nov.2020) — The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature the business case for a green battery business located in Norway. The companies intend that this initiative is based on Panasonic’s leading technology and targets the European market […]

Total And ADNOC Ink CO2 Emissions Framework Deal

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(Total, 12.Nov.2020) — Total signed a strategic framework agreement with the Abu Dhabi National Oil Company (ADNOC), to explore joint research, development and deployment partnership opportunities in the areas of CO2 emission reductions and carbon capture, utilization and storage (CCUS). The agreement brings together the best-in-class in low carbon technologies […]

Total’s 3Q:20 Results Call Transcript

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(Seeking Alpha, 30.Oct.2020) — Details of Total’s third quarter earnings conference call on 30 October 2020 can be found here. Company Participants Jean-Pierre Sbraire – Chief Financial Officer Conference Call Participants Oswald Clint – Sanford C. Bernstein & Co. Lydia Rainforth – Barclays Bank Biraj Borkhataria – RBC Capital Markets […]

France’s Total Charters Four New LNG-powered Vessels

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(Total, 28.Oct.2020) — Total is pursuing its strategy to reduce greenhouse gases emissions in maritime transportation, by chartering four Aframax-type vessels equipped with liquefied natural gas (LNG) propulsion. These vessels, each with a capacity of 110,000 tons of crude oil or refined products, will be delivered in 2023 and will […]

Total Obtains 20% Of Volumes In Solar Tender

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(Total, 27.Oct.2020) — Total, through Total Quadran, a wholly-owned affiliate dedicated to developing and producing renewable energy in France, was awarded 67 megawatt-peak (MWp) of solar projects representing 20% of the volumes awarded in the eighth period of the CRE (French Energy Regulatory Commission) call for tenders. Total is thus […]

Repsol To Advanced Biofuels Plant In Cartagena

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(Repsol, 22.Oct.2020) — Repsol will build the first production plant for advanced biofuels in Spain at its Cartagena refinery. From this new facility, the multi-energy company, committed to the circular economy as a tool for efficient resource use and emissions reduction, will annually supply 250,000 tons of advanced biofuels for […]

JinkoSolar To Supply 204 MW Of Swan Bifacial Modules

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(JinkoSolar, 19.Oct.2020) — JinkoSolar Holding Co., Ltd. signed a Module Supply Agreement for the Kozani project in the north of Greece, which has been developed by juwi Hellas Renewable Energy Sources S.A. Construction of the solar park will commence in November 2020 and use 204 MW of Swan bifacial modules […]

Six Norway Oil And Gas Fields Shut Amid Strike

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(Reuters, 4.Oct.2020) — Six Norwegian offshore oil and gas fields were shut on Monday as more workers joined a strike over pay, companies and union officials said. The strike will cut Norway’s total output capacity by just over 330,000 barrels of oil equivalent per day, or about 8% of total […]

Repsol Begins Producing At Its Delta Wind Project

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(Repsol, 1.Oct.2020) — Repsol, as part of its commitment to an efficient and sustainable energy transition, has reached a new milestone and started to generate wind power with the connection to the grid of the first wind turbines at Delta, one of its two major wind projects located in the […]

Equinor Inks Deal For Kollsnes MEG Upgrade

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(Equior, 17.Sep.2020) — On behalf of the operator Gassco, Equinor has awarded Wood an engineering, procurement, construction and installation (EPCI) contract for the MEG Upgrade project at Kollsnes. Under the EPCI contract, Wood will upgrade the MEG (mono-ethylene glycol) regeneration handling capacity at the Kollsnes gas processing plant where Equinor […]

Noble Lloyd Noble To drill At Valemon

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(Equinor, 8.Sep.2020) — Noble Drilling Norway AS has been awarded a contract for drilling three wells at the Valemon field from the summer of 2021, applying the Noble Lloyd Noble drilling rig. The contract includes an option for drilling one extra well at the Valemon field, and 11 wells that […]

Saipem To Build 450 MW Offshore Wind Farm In Italy

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(Reuters, 25.Aug.2020) — Italy’s Saipem has signed an agreement to build a 450 megawatt (MW) offshore wind farm in the Adriatic Sea in northern Italy, the energy services group said on Tuesday. Saipem has agreed with renewable energy companies AGNES and QINT’X to install 56 wind turbines at two sites […]