(Energy Analytics Institute, 18.Aug.2020) â EP PetroEcuador exported tons of industrial waste from the Esmeraldas Refinery for final disposal at treatment plants in France and with all the necessary permits and under strict security protocols. âIt has been intense work to achieve export of this waste,â announced PetroEcuador general manager […]
Category: Europe
Europe energy
Total Closes Sale Of Non-Core Assets To NEO Energy
(Total, 6.Aug.2020) â Following the regulatory approvals and the agreement of partners, Total closed the sale of UK North Sea non-core assets to NEO Energy. “As announced on May 20, we have worked closely with HitecVision and its portfolio company NEO Energy to conclude this sale. This sale of assets […]
Kosmosâ 2Q Conference Call And Webcast
(Kosmos, 3.Aug.2020) â Kosmos Energy Ltd. Kosmos will host a conference call and webcast to discuss second quarter 2020 financial and operating results today at 10:00 a.m. Central time (11:00 a.m. Eastern time). The live webcast of the event can be accessed on the Investors page of Kosmosâ website at […]
Total Maintains 2Q:20 Dividend At âŹ0.66/share
(Total, 30.Jul.2020) â Totalâs Board of Directors met on 29 July 2020, and declared the distribution of the second 2020 interim dividend at âŹ0.66/share, stable compared to the first 2020 interim dividend. This interim dividend will be paid in cash exclusively, according to the following timetable: __________
Siemens To Establish Mobile Working As âNew Normalâ
(Siemens, 16.Jul.2020) â Siemens will establish mobile working as a core component of its ânew normalâ and will make it a permanent standard, both during the global pandemic and beyond. The companyâs Managing Board has now approved implementation of a corresponding model. The aim is to enable employees worldwide to […]
Investors In Russian Pipeline At Risk Of US Sanctions
(Reuters, 15.Jul.2020) â U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions as the Trump administration seeks to curb the Kremlinâs economic leverage over Europe and Turkey. Pompeo told a news conference that European investors in the […]
Venezuela Awaits New Products Cargo From Italy
(Argus, 3.Jul.2020) â Venezuela will receive another products cargo from Italy next week, highlighting the endurance of debt-related oil trade with EU companies that falls outside the scope of escalating US sanctions on Caracas. The Malta-flagged Gemma is scheduled to berth at Venezuela’s Amuay terminal around 8 July, having loaded […]
AlgaEnergy Expands To France And North Africa
(AlgaEnergy, 2.Jul.2020) â AlgaEnergy S.A., a global leader in microalgae biotechnology, continued its global expansion with the appointment of Bachar Blal as Regional Business Manager of its new subsidiary in France and North Africa. Blal has 25 years of agricultural experience in the biological input business in Europe and Africa, […]
Aker Solutions Awarded LOI For Breidablikk
(Aker, 24.Jun.2020) â Aker Solutions has been awarded a letter of intent from Equinor for the delivery of a subsea system for the Breidablikk project in the North Sea. The scope of work covers a complete subsea production system, and associated equipment that includes 15 subsea trees in the first […]
Total Joins The âGetting To Zero Coalitionâ
(Total, 8.Jun.2020) â Total has joined the Getting to Zero Coalition to support the maritime industry’s decarbonisation by collaborating with companies across the maritime, energy, infrastructure and finance sectors. The Getting to Zero Coalitionâs ambition is to help achieve the target set by the International Maritime Organisation to reduce Greenhouse […]
Women At The Top Of UK Energy Sector Rises
(PwC, 3.Jun.2020) â POWERful Women and PwC have today published the latest âstate of the nationâ on the gender balance at the top of the UK energy industry. The 2020 annual board statistics1 show progress in the number of women occupying board and executive board seats â now 21% and […]
Total Enters Into North Sea Wind Farm Project
(Total, 3.Jun.2020) â Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1 offshore wind farm project for an upfront payment at closing of 70mÂŁ and earn-outs up to 60mÂŁ in aggregate subject to performance conditions. The 1,140 megawatts (MW) project has […]
US Senators Expected To Sanction Nord Stream 2
(Reuters, 29.May.2020) â Two U.S. senators are expected to introduce next week sanctions on the Nord Stream 2 natural gas pipeline that Russia is trying to finish, but which Washington has opposed since the Obama era, a source familiar with the matter said on Friday. The sanctions, which would have […]
Financing For Development During Era Of COVID-19
(IMF, 28.May.2020) â Opening remarks from International Monetary Fund (IMF) Managing Director Kristalina Georgieva at an United Nation event on financing for development in the ear of the Covid-10 pandemic. Good morning. I want to thank Prime Minister Trudeau, Prime Minister Holness, and Secretary-General Guterres for keeping a focus on […]
First Semi-submersible Floating Wind Farm Sets Sail
(Repsol, 28.May.2020) â The WindFloat Atlantic project is taking one of the final steps towards becoming fully operational. The last of the three pre-assembled wind turbine platforms making up the project has left the Port of Ferrol today, heading for its final destination 20 km off the coast of Portugal […]
FBI Probes Firms Over Venezuela Oil Trading
(Reuters, 13.May.2020) â The FBI is probing several Mexican and European companies allegedly involved in trading Venezuelan oil as it gathers information for a U.S. Treasury Department inquiry into possible sanctions busting, according to four people familiar with the matter. U.S. Secretary of State Mike Pompeo and special envoy for […]
Nynas Exits US Sanctions
(Nynas, 12.May.2020) â The US Treasury Departmentâs Office of Foreign Asset Control (OFAC) announced today that Nynas is no longer being blocked pursuant to the Venezuela Sanctions Regulations. As a result of a corporate restructuring of the ownership of Nynas AB sanctions are lifted, and US persons and companies no […]
France’s Total Adopts A New Climate Ambition
(Total, 5.May.2020) â Total announces today its ambition to get to net-zero emissions by 2050 together with society for its global business across its production and energy products used by its customers. Through a joint statement developed between Total S.A. and institutional investors â as participants in the global investor […]
Aker Solutions ASA: First Quarter Results 2020
(Aker, 30.Apr.2020) â Aker Solutions reported first-quarter revenue of NOK 6.5 billion, a decline of 10 percent compared with the first quarter 2019, as the impact of the COVID-19 outbreak and sharp decline in oil prices impacted activity levels. 1Q 2020 Financial Highlights — Revenue NOK 6.5 billion — EBITDA […]
Repsol Launches Solmatch
(Repsol, 30.Apr.2020) â Repsol has launched Solmatch, the first large solar community in Spain, as part of its commitment to offering different supply alternatives to its customers. This product is aligned with the companyâs strategy to become a net zero emissions company by 2050. Generation and self-consumption of renewable energy […]
LNG Continues Enhancing Global Energy Security: IGU
(IGU, 27.Apr.2020) â The International Gas Union (IGU) is pleased to launch its annual LNG report for 2020. The comprehensive analysis highlights all the material changes in the global LNG industry in 2019. This report features key global LNG industry updates, right across its value chain, demonstrating yet another strong […]
Core Lab Reports 1Q:20 Results
(Core Lab, 22.Apr.2020) â Core Laboratories N.V. reported that continuing operations resulted in first quarter 2020 revenue of $152,400,000. The financial results for the first quarter of 2020 include a non-cash charge of $122,000,000 for the impairment of goodwill and intangible assets in the Production Enhancement segment, a charge of […]
Saudi OSPs For Oil Exports Bode Well For Asian Refiners
(WoodMac, 16.Apr.2020) â On 13 April, Saudi Arabia announced the Official Selling Prices (OSPs) for its May crude oil exports. The new OSPs speak volumes about Saudi Arabia’s crude export strategy after agreeing to cut production in the OPEC+ deal on 10 April 2020. Wood Mackenzie research director Sushant Gupta […]
WÀrtsilÀ Awarded LatAm Power Plant EPC Contracts
(WĂ€rtsilĂ€ Corp., 15.Apr.2020) â The technology group WĂ€rtsilĂ€ has been awarded full engineering, procurement, and construction (EPC) contracts for two power plants in Latin America. WĂ€rtsilĂ€ will also operate and maintain both of the plants under a 10-year operation & maintenance service agreement (O&M). Together, the EPC orders are valued […]
OPEC And Non-OPEC To Cut Output By 9.7 MMb/d
(OPEC, 12.Apr.2020) â The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabiaâs Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Meeting reaffirmed […]
Collapsing Demand Sets Terms In OPEC+ Battle
(WoodMac, 9.Apr.2020) â Since OPEC+âs failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil market as prices fell and supply ramped up. The problem for these producers is the scale of the fall in […]
WoodMac On OPEC+ Production Plan
(WoodMac, 9.Apr.2020) â As OPEC+ agreed at cut of 10 million b/d, WoodMacâs Ann-Louise Hittle said: âA 10 million b/d cut would be very supportive of price over the second quarter. âEven a 5 million b/d reduction would see oil prices in the low $30s. It would ease pressure on […]
Brief Intro Remarks By OPEC Secretary General
(OPEC, 9.Apr.2020) â Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting, 9 April 2020, via webinar. Excellencies, Over the course of the last few months, COVID-19 has pervaded almost every aspect of life. We see it in the lockdowns initiated […]
COP’s Exploration Strategy From Norway To Argentina
(ConocoPhillips, 30.Mar.2020) â ConocoPhillipsâ exploration strategy emphasized flexibility and discovering new barrels accretive to its existing portfolio. The companyâs 2019 exploration focused on select business units: Alaska, Lower 48, Canada, Norway and Malaysia â where existing infrastructure and experience can be leveraged. In addition to these focus areas, ConocoPhillips concentrates […]
Nynas Applies For Company Reorganization
(Nynas, 12.Mar.2019) â Nynas AB (publ) has today filed for company reorganisation at Södertörn’s District Court. Nynas loans have not been extended by the banks. Thus, Nynas cannot pay due debts forcing the company to apply for a reorganisation of the company. “Despite loyal customers and dedicated work by our […]
Ecopetrol Restricts Travel To Asia And Europe
(Reuters, 2.Mar.2020) â Colombiaâs state-run oil company Ecopetrol SA placed restrictions on business travel to all Asian and European countries on Monday in response to the coronavirus outbreak, its chief executive told Reuters. The company is closely monitoring the effects of the virus on crude demand, Chief Executive Felipe Bayon […]
LONGi Inaugurates 191MW Pachamama PV Power Plant
(LONGi Solar, 25.Feb.2020) â Invested by French solar energy firm Neoen, the Pachamama photovoltaic power plant, located in the state of Aguascalientes in central Mexico, has a total installed capacity of 375MW, of which 191MW is deployed by LONGi. The plant was completed and handed over to Neoen in January 2020. […]
Looney’s New Course For BP With Climate Targets
(WoodMac, 12.Feb.2020) â Speaking after BPâs new chief executive Bernard Looney unveiled the majorâs ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: âBP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. âThis marks a major turnaround in BPâs […]
Petrobras On Collective Action In The Netherlands
(Petrobras, 29.Jan.2020) â Petrobras, further to the press release dated September 19, 2018, announces that the District Court of Rotterdam (the Court) today considered some issues and asked additional questions to the parties regarding the collective action filed by Stichting Petrobras Compensation Foundation (the Foundation) in the Netherlands against Petrobras […]
Apache And Total Report Significant Oil Discovery Offshore Suriname
(Apache, 7.Jan.2020) â Apache Corporation and Total S.A. announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest. […]
Mann+Hummel Sells Mann+Hummel Fluid Brasil
(Mann+Hummel, 6.Jan.2020) â On 31 December 2019, the former CEO of Mann+Hummel Fluid Brasil, Luis Guilherme Pozzani da Rocha, officially signed the 100 percent purchase document of the company. The thereby created new company Fluid Brasil continues operating in the area of water and wastewater treatment, as well as being […]
WindFloat Atlantic Project Supplies Energy To Portugal
(WindFloat, 2.Jan.2020) â WindFloat Atlantic wind farm is now operational. After the energisation of the 20-km cable connecting the offshore wind farm and the substation of Viana do Castello, the first of the three platforms comprising the Windplus consortiumâs wind farm, was successfully connected on 31st December. The other two […]
Apache Stock Jumps On Suriname JV
(Zacks, 24.Dec.2019) â Shares of Apache Corporation rallied more than 17% in yesterdayâs trading, hitting an all-time high among the S&P 500 components, after the energy explorer teamed up with Total S.A. in Suriname. With a view to explore and develop Block 58 offshore Suriname, Apache has entered into a […]
British Firms Among Bidders For Petrobras Oilfields
(Reuters, 19.Dec.2019) â Anglo-French firm Perenco, UK-based Trident Energy and Premier Oil Plc are among the companies examining the purchase of a cluster of Petrobras oilfields in Brazil known as Polo Garoupa, seven told sources told Reuters in recent weeks. The deliberations are preliminary, and it is possible none of […]
S&P Releases 2020 Energy Outlook
(S&P Global Platts, 11.Dec.2019) â Analysts at S&P Global Platts, the leading independent provider of information, analysis and benchmark prices for the commodities and energy markets, today released their 2020 outlook. The outlook presumes continued high geopolitical risks to oil supply, a slight recovery in oil demand driven by IMO […]
Petrobras Plans $34bn In Dividends
(Bloomberg, Simon Casey and Sabrina Valle, 5.Dec.2019) â Petrobras plans to pay its shareholders $34 billion in dividends over the next five years as it cuts debt and sells assets to shore up its finances, CEO Roberto Castello Branco said. The plan is a major shift for the state-controlled oil […]
Lightsource BP to Accelerate Global Solar Growth with Further Investment from BP
(Lightsource bp, 5.Dec.2019) â The management of Lightsource BP and BP have agreed to equalise their shareholdings in Lightsource BP to create a simplified 50:50 joint venture structure. As part of the transaction, BP will purchase newly-issued equity in the business to help accelerate Lightsource BPâs growth, supporting its ambitious drive towards […]
Petrobras Host Investor Day In NYC
(Energy Analytics Institute, Aaron Simonsky, 4.Dec.2019) â Brazilâs state-controlled oil giant Petrobras hosted media and analyst during its annual investor day event in New York City on Dec. 4, which was followed by another in London on Dec. 6. What follows is the link to the 51-page presentation: Petrobras Investor […]
COP25: Developing world Still Paying
(Asia Times, Vijay Prashad, 3.Dec.2019) â On Monday in Madrid, the 2019 UN Climate Change Conference â known as COP25 â began. Representatives of the worldâs countries gathered to discuss what is decidedly a serious problem for the planet; no one, except dangerous political forces on the neo-fascist right, denies […]
JinkoSolar Supplies Almelo Project In The Netherlands
(JinkoSolar, 3.Dec.2019) â JinkoSolar Holding Co., Ltd.âs affiliate has supplied approximately 40 MW of its ultra-high efficiency Cheetah HC 60 solar modules to Obton, one of the leading global developers and investors of photovoltaic solar energy. The modules were installed in the Almelo project in the Netherlands during the summer […]
UN Secretary Chief Guterres: âPoint Of No-Return Hurtling Towards Usâ
(Energy Analytics Institute, Aaron Simonsky, 1.Dec.2019) â UN Secretary-General AntĂłnio Guterres addressed the media in a press briefing one day ahead of the COP25 2019 to be held in Madrid, Spain. âWe are confronted by an escalating global climate crisis,â Guterres said. âThe point of no-return is no longer over […]
Equinor Says Brazil ‘Hotspot’ Of Int’l Efforts
(Reuters, 26.Nov.2019) â Norway’s Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a “hotspot” of its international efforts, the company’s exploration head said on Tuesday. The company will drill about 20-30 exploration wells on the Norwegian continental shelf, focusing […]
JinkoSolar To Supply 950MW To X-ELIO
(JinkoSolar, 26.Nov.2019) â JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, announced it has delivered to X-ELIO, a leading company dedicated to the development, construction and operation of photovoltaic plants, 950 MW of its ultra-high efficiency Cheetah 72 cells solar modules […]
Valaris Announces New Contract Awards
(Valaris, 25.Nov.2019) â Valaris plc announced new contracts and contract extensions, with associated revenue backlog of approximately $285 million, awarded subsequent to a prior fleet status report dated October 25, 2019. — VALARIS DS-18 (Relentless) contract extended due to the exercise of a one-well priced option with EnVen in the […]
Höegh LNG Updates On Colombia, Other Ops
(Höegh LNG, 21.Nov.2019) â Höegh LNG Partners LP provided its quarterly outlook for the LNG market with details on its operations in Cartagena, Colombia. A subsidiary of the Partnership, as the owner of the Höegh Gallant, has a lease and maintenance agreement with EgyptCo until April 2020. To date, the […]