Category: Europe

Europe energy

TotalEnergies divests GreenFlex affiliate to French group Oteis

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ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 20.Oct.2025, Words: 240) — France’s TotalEnergies and the independent French consulting and engineering group Oteis inked a deal for divestment of TotalEnergies’ sustainable consultancy and solutions affiliate GreenFlex to Oteis.  The deal reflects TotalEnergies’ strategy to concentrate its activities on energy production […]

EAI brief: IMF reveals new GDP estimates for 2025 and 2026

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WASHINGTON, DC (By Editors at Energy Analytics Institute, 18.Oct.2025, Words: 74) — The International Monetary Fund (IMF) revealed world economic outlook growth projections for 2025 and 2026 for emerging markets and developing economies. India’s economy or gross domestic product (GDP) is expected to grow 6.6% in 2025 and 6.2% in […]

EAI NRG Dashboard 13 Oct. 2025 [free pdf download]

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BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 13.Oct.2025, Words: 2,000) — The Energy Analytics Institute (EAI) NRG Dashboard — a most read for investors, students, academics and energy executives among others interested or already following the Latin America and Caribbean (LAC) region energy sector in particular and the global energy […]

TotalEnergies and Veolia team up for the energy transition, circular economy

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PARIS, FRANCE (By TotalEnergies, 6.Oct.2025, Words: 565) — Long-standing partners TotalEnergies and Veolia signed a memorandum of understanding (MOU) for further cooperation in several key areas of energy transition and the circular economy, in line with their respective approaches to reduce their greenhouse gases emissions and water footprint. This cooperation […]

8 OPEC+ countries reaffirm commitment to market stability

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VIENNA, AUSTRIA (By OPEC, 5.Oct.2025, Words: 286) — The 8 OPEC+ countries, which previously announced additional voluntary adjustments in Apr. and Nov. 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 Oct. 2025, to review global market conditions and outlook In view of […]

New technology increases gas recovery on Ã…sgard

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OSLO, NORWAY (By Equinor, 26.Sep.2025, Words: 482) — Equinor and partners in Ã…sgard and Mikkel licences have started phase 2 of Ã…sgard subsea compression in the Norwegian Sea. The project will help maintain production from the field by increasing the pressure in the pipelines between the wells and the Ã…sgard […]

Exmar orders 4 Suezmax tankers 

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BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 22.Sep.2025, Words: 137) — Exmar NV placed an order for 4 newbuild Suezmax tankers, with an option to order 4 more.  The vessels will be built by Daehan Shipbuilding Co. Ltd., at their Mokpo shipyard, in South Korea.  RELATED: Exmar inks […]

Pemex’ Olmeca takes 3rd place in mega-project category at event in Berlin

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MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 22.Sep.2025, Words: 262) — Mexico’s state-owned Petróleos Mexicanos (Pemex) said its Olmeca refinery, located in Paraíso, Tabasco, has been awarded the third place prize offered by the International Award for Excellence in Projects IPMA 2025, in the mega-project category. The award […]

Viridien and Mantle8 enter partnership to fast-track hydrogen exploration across EMEA

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BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 11.Sep.2025, Words: 227) — Viridien and Mantle8, a French geoscience company focused on natural hydrogen exploration, formed a strategic partnership to accelerate hydrogen exploration across the Europe, Middle East, Africa (EMEA) region, which is underpinned by Viridien securing a strategic investment […]

SPE Offshore Europe 2025 pulls industry leaders to Aberdeen

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ABERDEEN, SCOTLAND (By RX, 5.Sep.2025, Words: 780) — SPE Offshore Europe (OE25) has reaffirmed its position as Europe’s leading offshore energy event, welcoming more than 25,000 professionals to P&J Live in Aberdeen between 2–5 September 2025, in what was widely regarded as a landmark week for the sector.    Held at a […]

Versalis and Veritas ink deal to promote advanced plastic recycling

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PORTO MARGHERA, VENICE (By Eni, 4.Sep.2025, Words: 370) — Versalis, Eni’s chemical company, and Veritas, one of Italy’s largest multi-utilities operating in the Metropolitan City of Venice and in parts of the Province of Treviso, signed an agreement to promote the circular economy, with a particular focus on developing joint […]

Exmar warns current freight market remains challenging

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HOUSTON, TEXAS (By Ofelia Paredes, Energy Analytics Institute, 4.Sep.2025) — Exmar warned the current freight market remains challenging, with rate levels approximately 20% lower year-on-year.  Despite these market conditions, Exmar’s fleet continues to achieve high utilization, securing both short and long term charters with established key clients as well as […]

Norway’s Equinor to participate in Ørsted rights issue

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BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 1.Sep.2025, Words: 319) — Equinor has assessed the proposal put forward by the board of directors of Ørsted A/S on 11 Aug. 2025 for a rights issue with pre-emptive rights for existing shareholders. Following dialogue with Ørsted, Equinor has decided to […]

Exmar announces optional dividend results

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ANTWERPEN, BELGIUM (By Exmar, 26.Aug.2025, Words: 362) — Exmar NV announced the results of the capital increase through the contribution in kind of dividend rights in the context of the optional dividend for the financial year 2024.  The extraordinary general meeting of Exmar held on 4 Aug. 2025 decided to […]

Equinor announces 1Q:25 cash dividend of NOK 3.7740 per share

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OSLO, NORWAY (By Equinor, 25.Aug.2025) — Equinor ASA announced on 30 Apr. 2025 a cash dividend per share of USD 0.37 for the first-quarter 2025 (1Q:25). The NOK cash dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from […]

Equinor stores first CO2 volumes at Northern Lights

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OSLO, NORWAY (By Equinor, 25.Aug.2025, Words: 713) — The first CO2 volumes have now been injected and successfully stored in the reservoir 2,600m under the seabed. The world’s first third party CO2 transport and storage facility is now in operation, contributing to reducing European greenhouse gas (GHG) emissions. The CO2 is […]

Equinor reports new oil and gas find near Troll field

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OSLO, NORWAY (By Equinor, 25.Aug.2025, Words: 268) — Equinor and partners struck oil and gas in the Fram area, 9km north of the Troll field in the North Sea. One exploration well has encountered petroleum in 2 reservoirs. One of the discoveries consists of both oil and gas, while the […]

Halliburton bags multi-year well stimulation services contract in the North Sea

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HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 13.Aug.2025, Words: 195) — ConocoPhillips Skandinavia AS awarded Halliburton a contract to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The contract spans 5 years and includes 3 optional extension periods. The contract award highlights Halliburton’s leadership in stimulation services […]

Equinor says Johan Castberg officially opened

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OSLO, NORWAY (By Equinor, 8.Aug.2025, Words: 550) — Today, 8 Aug. 2025, the Johan Castberg field was officially opened by the minister of energy, Terje Aasland. Johan Castberg is Norway’s northernmost oil field. The field will produce for at least 30 years. This creates great value and ripple effects and […]

EAI brief: Exmar NV on optional dividend

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BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 4.Aug.2025, Words: 244) — Exmar NV said that at the extraordinary general meeting of the shareholders on 4 Aug. 2025 that a gross dividend of €4.07143 per share (net €2.85 after deduction of 30% withholding tax) was approved, represented by coupon […]

Eight OPEC+ countries eye 547,000 b/d production adjustment [table]

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VIENNA, AUSTRIA (By OPEC, 3.Aug.2025, Words: 294) — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability on current healthy oil market fundamentals and steady global economic outlook and adjust production. The 8 OPEC+ countries, which previously announced additional voluntary adjustments in Apr. […]

Viridien reveals 2Q:25 results, updates on extended bond maturity [doc download]

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ESSONNE, FRANCE (By Viridien, 31.Jul.2025, Words: 117) — Viridien, formerly CGG, revealed its operating and financial results for the second-quarter 2025(2Q:25), which was marked by solid performance amid a volatile environment. Some highlights from 2Q:25 include: — segment revenue of $274mn in 2Q:25, up +6% year-on-year, fueled by geoscience (GEO) […]

Subsea7 and Saipem create “asset disposal” groups [pdf download]

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BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 31.Jul.2025, Words: 120) — Disposal groups have been created for the assets that are expected to be disposed in the aftermath of the merger deal between Saipem and Subsea7. “The disposal of this part of the portfolio will lead to a […]

EAI brief: Iberdrola agrees to sell Mexican businesses for $4.2bn

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MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 31.Jul.2025, Words: 371) — The transaction responds to expected investment of €55bn in its transmission and distribution grid subsidiaries, primarily in the US and the UK, Iberdola announcded on 31 Jul. 2025 in an official statement. RELATED: “LatAmNRG matters” podcast: Iberdrola, […]

Saipem on contract extension with Aker BP for drilling activities offshore Norway

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ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 30.Jul.2025, Words: 194) — Aker BP exercised the option for the extension period under the existing contract for the semi‑submersible drilling unit Scarabeo 8, originally awarded in Mar. 2022.  This option, which is in direct continuation of the previous one-year contract extension, prolongs […]

Finland tops annual global mining survey rankings, Ethiopia ranks last

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VANCOUVER, BC (By Fraser Institute, 29.Jul.2025, Words: 263) — Finland is the most attractive jurisdiction in the world for mining investment, followed by Nevada and Alaska, according to the Annual Survey of Mining Companies released today by the Fraser Institute, an independent, non-partisan Canadian policy think-tank. “The Fraser Institute’s mining survey is the most comprehensive report […]

IMF and “tenuous resilience amid persistent uncertainty” [pdf download]

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WASHINGTON, DC (By IMF, 28.Jul.2025, Words: 292) — Global growth is projected at 3% for 2025 and 3.1% in 2026, the International Monetary Fund (IMF) said in its Jul. 2025 World Economic Outlook update. The forecast for 2025 is 0.2% point higher than that in the reference forecast of the […]

EU and US announce trade deal: What you need to know

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(By Alex Kozul-Wright, Al Jazeera, 28.Jul.2025, Words: 1,082) — The United States and the European Union have reached a wide-ranging trade agreement, ending a months-long standoff and averting a full-blown trade war just days before President Donald Trump’s deadline to impose steep tariffs. The EU will pay 15 percent tariffs on most goods, […]

China-EU trade relations are “win-win” in nature, China says

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HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 25.Jul.2025, Words: 266) — China-EU economic and trade relations are mutually complementary and “win-win” in nature. As such, this is a dynamic equilibrium that “should – and can- be formed through their interactions,” according to the Chinese government. RELATED: President Maduro says […]

TotalEnergies reports strong 2Q:25 results [pdf download]

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PARIS, FRANCE (By TotalEnergies, 24.Jul.2025, Words: 53) — TotalEnergies reported cash flow of $6.6bn in the second-quarter 2025, driven by production growth of its energies, demonstrating the company’s robustness in a lower price environment and maintains shareholder returns. TotalEnergies continued to successfully execute its balanced multi-energy strategy, supported by sustained […]

Subsea7 and Saipem ink merger agreement [pdf downloads]

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MILAN, LUXEMBOURG (By Saipem, 24.Jul.2025, Words: 75) — Saipem and Subsea7 announce that they have entered into a binding merger agreement, on terms and conditions in line with what was previously communicated at the time of the signing of the memorandum of understanding (MOU) on 23 Feb. 2025.  The merger […]

Eni and Sonatrach strengthen energy security cooperation

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ROME, ITALY (Eni, 23.Jul.2025, Words: 232) — Eni and Sonatrach signed a memorandum of understanding aimed at strengthening cooperation in the field of hydrocarbons, energy transition and renewable energies, with a focus on energy security and the economic development of the 2 countries. The signing took place during the Italy-Algeria […]

TotalEnergies and Emerson ink strategic collaboration to boost value of industrial data

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PARIS, FRANCE (TotalEnergies, 18.Jul.2025, Words: 318) — TotalEnergies and Emerson’s Aspen Technology business have announced a strategic collaboration to deploy advanced digital technologies for the continuous, real-time collection of data from TotalEnergies’ industrial sites. The objective is to harness the value of that data to enhance decision-making, specifically through the […]

SLB reports 2Q:25 results, LatAm revenue of $1.49bn [pdf downloads]

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PARIS, FRANCE (SLB, 18.Jul.2025, Words: 1,004) — “SLB reported solid second-quarter results, leveraging our diversified portfolio and broad market exposure to deliver steady revenue and slightly higher adjusted EBITDA and margins sequentially. This demonstrates our resilience amidst softer upstream spending and macroeconomic uncertainty,” said SLB Chief Executive Officer Olivier Le Peuch. […]