(Equinor, 7.Oct.2024) â The transaction establishes Equinor as the second largest shareholder in Ărsted, after the Danish State, which holds a controlling stake in the company. âEquinor has a long-term perspective and will be a supportive owner in Ărsted. This is a counter-cyclical investment in a leading developer, and a […]
Category: Europe
Europe energy
Winter is Coming in Europe as Geopolitical Risks Rise: Rystad EnergyÂ
(Rystad, 4.Oct.2024) â Here is Rystad Energyâs gas and LNG market update from analyst, Christoph Halser: “Norway concludes its gas maintenance season with some disruptions, while hurricanes add further risks to U.S. supply. This comes at an untimely moment, as cold temperatures across Europe are expected to cause a short-term […]
Saipem Presents Solution for Large-scale Green Hydrogen Production
(Saipem, 2.Oct.2024) â Saipem and Nel ASA, during the 2024 World Hydrogen Week in Copenhagen, unveiled IVHYâą 100, a groundbreaking turn-key 100 MW electrolyser concept, which leverages Nelâs atmospheric alkaline electrolyser technology. The innovative renewable hydrogen generation solution has been designed and industrialized to be scalable, modular and to facilitate […]
EAIâs NRGBriefs: Sep. 2024
(Energy Analytics Institute, 30.Sep.2024) â Energy briefs as well as others related to finance and projects during Sep. 2024 including Petrobras inking separate MOUs with its Argentine and Surinamese counterparts YPF and Staatsolie; TechnipFMC being awarded two subsea contracts by Petrobras; CNOOC Limited saying the Shenhai-1 Phase II Natural Gas Development […]
Northern Lights Ready to Receive CO2
(Equinor, 26.Sep.2024) â On 26 Sep. 2024 the Norwegian Minister of Energy conducts the official opening of the Northern Lights CO2 transport and storage facility in Ăygarden, near Bergen. The Northern Lights facility is a joint venture between Equinor, Shell and TotalEnergies. âThe completion of the Northern Lights facility marks an […]
Northern Lights Completion Worldâs First Commercial CO2 Transport and Storage Service
(Northern Lights, 26.Sep.2024) â Northern Lights JV unveiled the completed CO2 receiving facilities in Ăygarden, Norway. The onshore and offshore infrastructure has been delivered on time for customers and within budget and is now ready to receive CO2 from Norwegian and European industry. Northern Lights is the first to offer […]
Northern Lights Facilities Finished, Ready to Store CO2
(TotalEnergies, 26.Sep.2024) â TotalEnergies and its partners, Equinor and Shell, announce the completion of the CO2 receiving and storage facilities of Northern Lights Joint-Venture in Norway. The facilities consist in a terminal that will receive CO2 cargos, a 100 km subsea pipeline for CO2 transportation to the offshore storage location, […]
Eni Releases 2024 Methane Report
(Eni, 26.Sep.2024) â Eni SpAâs actions to reduce methane emissions across its operations are revealed in the companyâs Methane Report 2024. ____________________
Masdar to Buy Saeta from Brookfield for $1.4bn
(Masdar, 24.Sep.2024) â Abu Dhabi Future Energy Company PJSC (Masdar), the UAE’s clean energy powerhouse, announced the proposed acquisition of Saeta Yield from Brookfield Renewable, together with its institutional partners (Brookfield), for an implied enterprise value of c. US$1.4bn (âŹ1.2bn). Closing of the transaction is subject to customary approvals and is expected […]
Air France-KLM Ramps up SAF Offtake with TotalEnergies
(TotalEnergies, 23.Sep.2024) â TotalEnergies and Air France-KLM have signed an agreement for TotalEnergies to supply up to 1.5 million tons of more sustainable aviation fuel (SAF) to Air France-KLM Group airlines over a 10-year period, until 2035. This agreement marks one the largest SAF purchase contracts signed by Air France-KLM to […]
CRRC to Unveil Rail Transit and Full Life-Cycle System Solutions at InnoTrans 2024
(CRRC, 22.Sep.2024) â Under the theme of On Track for A Low Carbon Future, CRRC Corporation Limited (“CRRC”, SHA: 601766) will display its line-up of passenger and freight transportation offerings, alongside full life-cycle system solutions, at InnoTrans 2024 in Berlin, Germany. Highlighting the event, two innovative, eco-friendly, and intelligent trains will make their […]
SLB Launches Lumi Platform
(SLB, 17.Sep.2024) â SLB launched the Lumiâą data and AI platform, which integrates advanced artificial intelligence (AI) capabilitiesâincluding generative AIâwith workflows across the energy value chain. The open, secure and modular platform unlocks access to high-quality data across subsurface, surface, planning and operations, increasing cross-domain collaboration and releasing new intelligence […]
Venture Global Expand European Regas Capacity
(Venture Global, 17.Sep.2024) â Venture Global announced the execution of a binding long-term terminal use agreement (TUA) with GASTRADE S.A. enabling the regasification and sale of liquefied natural gas (LNG) from Venture Global’s terminals in Louisiana to markets in Central and Eastern Europe. Under the agreement, Venture Global has secured approximately 1 million tonnes per annum […]
Johan Castberg Anchored in the Barents Sea
(Equinor, 17.Sep.2024) â The floating production, storage and offloading vessel (FPSO) is now securely anchored on the Johan Castberg field in the Barents Sea. The hook-up of the FPSO to the subsea facilities, preparing it for production start-up towards the end of the year, will now start. “This is an […]
Höegh LNG Changes Name to Höegh Evi
(Höegh LNG, 16.Sep.2024) â Höegh LNG has changed its name to Höegh Evi.  Standing for “energy vector infrastructure,” the name Evi reflects the recent expansion of our focus beyond LNG import terminals to encompass innovative and tangible clean energy solutions. As a leader in liquefied gas handling, Höegh Evi is accelerating the […]
Reducing Emissions from the Troll Field
Equinor, 11.Sep.2024) â On Saturday, 7 Sep. 2024, Troll B and C became partly powered from shore. This reduces annual emissions from the Norwegian continental shelf (NCS) by 250,000 tonnes of CO2. This is in line with the plan for development and operation (PDO) for Troll West electrification (TWEL), which […]
BW Limited on Ex-Dividend Trading
(Energy Analytics Institute, 9.Sep.2024) â BW LPG Limited will be traded ex-dividend on the Oslo Stock Exchange from 9 Sep. 2024 and from 10 Sep. on the New York Stock Exchange (NYSE), the company said 9 Sep. in an official statement. ____________________ By Energy Analytics Institute staff. © Energy Analytics Institute […]
Exmar Releases Half-year 2024 Results
(Exmar, 6.Sep.2024) â The Board of Directors of EXMAR has approved the interim accounts for the period ending 30 June 2024. The interim condensed consolidated financial statements have not been subjected to an audit or a review by the statutory auditor. ____________________
Increased Ripple Effects from Equinor in Norway
(Equinor, 28.Aug.2024) â A new report shows that deliveries for exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway had a value of more than NOK 134 billion in 2023, 94 per cent of which were invoiced by Norwegian suppliers. Equinor plans to maintain its oil and […]
Rising Energy Demand, Underinvestment Jeopardise Global Energy, IGU SaysÂ
(IGU, 27.Aug.2024) âThe International Gas Union (IGU), Snam and knowledge partner Rystad Energy, are releasing the 2024 Global Gas Report (GGR) at the ONS Conference. Global gas markets stay in fragile equilibrium, with limited supply growth as demand rises steadily, up by 1.5% in 2023, with an expected acceleration to 2.1% by the end of 2024. Asia […]
Strengthening Emergency Preparedness in the Barents Sea
(Equinor, 27.Aug.2024) â Equinor will establish and operate a new area-wide emergency preparedness solution for the southwestern Barents Sea. The solution will add new resources, expertise and capabilities that will strengthen safety and emergency preparedness in this ocean area. “Safety is our number one priority, we must have a good emergency […]
Equinor to Use World’s First Ammonia-powered Supply Vessel
(Equinor, 26.Aug.2024) â Equinor has signed a contract with Eidesvik Offshore for the conversion of the Viking Energy supply vessel to ammonia operation. The vessel will be fully converted and put into operation with low emissions in 2026. The vessel supplies Equinor’s installations on the Norwegian continental shelf (NCS). Viking Energy […]
Equinor Announces Cash Dividend for 1Q:24
(Equinor, 23.Aug.2024) â Equinor ASA announced on 25 April 2024 an ordinary cash dividend per share of USD 0.35 and an extraordinary cash dividend per share of USD 0.35 for first quarter 2024. The NOK cash dividend per share is based on average USDNOK fixing rate from Norges Bank in […]
Eni Inks MoU with SOCAR to Explore Cooperation in Energy ProjectsÂ
(Eni, 30.Jul.2024) â Eni CEO Claudio Descalzi and SOCAR (State Oil Company of Azerbaijan Republic) CEO Rovshan Najaf signed a Memorandum of Undestanding (MoU) in Baku today, to evaluate potential cooperation opportunities in the areas of exploration and production of hydrocarbons, energy security & efficiency, GHG emissions reduction, gas transportation infrastructures […]
Itabus Travels with Eniliveâs Biofuel, 100% Made from Renewable Raw Materials
(Eni, 29.Jul.2024) â Itabus, an Italian transport company, is now using Enilive‘s HVOlution diesel biofuel to power its fleet of next-generation buses.  The new agreement strengthens the collaboration between Enilive, Eniâs company focused on mobility products and services, and Itabus, a long-distance coach transport company that has been part of the […]
TotalEnergies Reports 2Q:24 Results, Eyes Suriname Block 58 FID
(TotalEnergies, 25.Jul.2024) âThe Board of Directors of TotalEnergies SE, chaired by CEO Patrick PouyannĂ©, met on 24 July 2024, to approve the second quarter 2024 financial statements. On the occasion, Patrick PouyannĂ© said: âTotalEnergies generated robust financial results in the second quarter, with adjusted net income of $4.7bn and cash […]
Eni Reports 2Q:24. and 2H:24 Results
(Eni SpA, 26.Jul.2024) â Eni‘s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the second quarter and first half 2024. Eni CEO Claudio Descalzi said: âIn the second quarter 2024, we have delivered results ahead of expectations, demonstrating the significant progress Eni has made in […]
Repsol Reveals New Share Buyback, Updates on Venezuela
(Repsol, 26.Jul.2024) â Repsol posted net income of âŹ1.626bn in the first half of 2024, up 14.5%, a period marked by the presentation and implementation of the 2024-2027 Strategic Update, which prioritizes shareholder remuneration and continuing financial strength, and consolidates the company’s multi-energy commitment. Repsol announced today a new share buyback and […]
GAR Boosts Presence with New Storage Capacity in EuropeÂŽs Largest
(GAR, 25.Jul.2024) â Golden Agri-Resources (GAR) announced a new lease partnership for storage capacity at the state-of-the-art Chane terminal in Rotterdam, the largest port in Europe. The first shipment was delivered on 17 July, marking a key milestone in GAR’s efforts to strengthen its presence in the Northwest Europe region. The Chane terminal Geulhaven, owned and […]
Plenitude Completes new 39 MW Wind Farm in Calabria
(Eni, 25.Jul.2024) â Plenitude has completed the construction of a new onshore wind farm with a capacity of around 39 MW in Borgia (in the province of Catanzaro), Calabria, Italy. The plant, consisting of nine state-of-the-art wind turbines, will be operational from today and will produce 84 GWh of electricity per […]
Eni on Approval of First Tranche of 2024 dividend: ⏠0.25/Share
(Eni, 25.Jul.2024) â Eniâs Board of Directors, chaired by Giuseppe Zafarana, today resolved to distribute to Shareholders the first of the four tranches of the provision in place of the 2024 dividend from Eni S.p.A. available reserves[1] of ⏠0.25 (compared to a total annual provision, in place of the dividend, equal […]
TotalEnergies Launches Battery Storage Development in Germany
(TotalEnergies, 25.Jul.2024) â TotalEnergies has taken the final investment decision for a 100 MW /200 MWh battery storage project in Dahlem, North Rhine-Westphalia. This is the first project sanctioned by TotalEnergies from the pipeline of Kyon Energy, Germanyâs leading battery storage system developer, which was recently acquired by TotalEnergies in Feb. 2024. […]
TotalEnergies Buys Interest in OranjeWind Offshore Wind Farm
(TotalEnergies, 25.Jul.2024) â TotalEnergies signed agreements with German renewable developer RWE, to acquire a 50% stake in OranjeWind, a 795 MW offshore wind farm under development in the Netherlands. TotalEnergies will dedicate its share of the renewable electricity production from this project to power 350 MW electrolyzer projects. These will produce […]
TotalEnergies Announces Second Interim Dividend of âŹ0.79/Share
(TotalEnergies, 25.Jul.2024) â The Board of Directors meeting on 24 July 2024 under the chairmanship of Mr. Patrick PouyannĂ©, Chairman and Chief Executive Officer, decided the distribution of the second 2024 interim dividend of 0.79 âŹ/share, an increase of 6.8% compared to the three interim dividends paid for fiscal year 2023 […]
TotalEnergies and SSE Join Forces, Create Source
(TotalEnergies, 16.Jul.2024) â TotalEnergies and SSE have signed a binding agreement to create a joint venture to establish a new major player in EV charging infrastructure in the UK and Ireland, under the brand âSourceâ. The new business will deploy in both countries up to 3000 high power charge points, meeting […]
Aker Horizons ASA 2Q:24
(Aker, 16.Jul.2024) â Aker Horizons ASA announced results for the second quarter 2024. Aker Horizons’ net capital employed stood at NOK 7.1bn, an increase of NOK 1.9bn from the first quarter, mainly driven by a gain from the Aker Carbon Capture-SLB transaction. The company reported a cash position of NOK 3.1bn and an undrawn credit facility […]
IPCEI Approval Paves Way at bpâs Lingen Hydrogen Project
(bp, 15.Jul.2024) â bp has been granted funding, provided jointly by BMWK and Lower-Saxony Government, as part of the European IPCEI Hy2Infra wave for a green hydrogen project in Germany.  The funding will help support the development of a 100MW green hydrogen project next to bpâs Lingen Refinery. German Federal Minister […]
Scientists: Epoch Marked by human impact â the Anthropocene â Began in 1950s
(AP, 11.Jul.2024) â From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene â and derived […]
Equinor Starts Production from Kristin South
(Equinor, 8.Jul.2024) â Equinor and its partners Petoro, VĂ„r Energi, and TotalEnergies EP Norge started production from the first Lavrans well in the Kristin South area on 7 July. The partnership submitted the plan for development and operation (PDO) of the Lavrans and Kristin Q discoveries as satellites to the […]
SLB and TotalEnergies Announce 10-year Partnership
(SLB, 2.Jul.2024) â SLB and TotalEnergies announced a 10-year partnership to co-develop scalable digital solutions for enabling access to energy resources, with improved performance and efficiency. The partnership establishes a flexible framework for the companies to work together on addressing key challenges across the energy value chain, including carbon capture, […]
Stena Places order for two new E-Flexer RoPax vessels
(Stena RoRo, 28.Jun.2024) â Stena RoRo has ordered another two E-Flexer RoPax vessels from the Chinese shipyard CMI Jinling (Weihai). The vessels will be delivered in 2027 to the Greek shipping company Attica Group and will operate in the Adriatic Sea. This is Stena RoRo’s fourteenth and fifteenth vessel in the E-Flexer series. The […]
TotalEnergies Wins Further Maritime Lease in the North Sea
(TotalEnergies, 21.Jun.2024) â TotalEnergies, as shareholder of Offshore Wind One GmbH, has been awarded the maritime concession N-11.2 by the German Federal Network Agency, following auctions held in Germany. Located in the North Sea, around 120 km north-west of the German island of Heligoland, concession N-11.2 (1.5 GW) covers an area […]
JinkoSolar to Supply Utility Scale Storage to Athens Airport
(JinkoSolar, 21.Jun.2024) â JinkoSolar Holding Co., Ltd. entered into a Heads of Terms with kIEFER to supply its large scale battery storage, SunTera to Athens International Airport (AIA), hence supporting its commitment to achieve Net Zero Carbon Emissions by 2025. When completed, AIA will operate one of the largest self-consumption systems in an airport facility worldwide, and will […]
Equinor Secures Permit for CO2 Storage in Denmark
(Equinor, 20.Jun.2024) â Equinor has been awarded its first CCS exploration permit in Denmark as operator, together with partners Ărsted and NordsĂžfonden. The partnership will start surveys to assess if the onshore license in the North West Zealand can be developed into a safe CO2 storage facility. The partners were awarded permit […]
Equinor Bags Two New North Sea CO2 Storage Licenses
(Equinor, 20.Jun.2024) â Equinor has been awarded the operatorships for the development of two new CO2 storages in the North Sea. The new licenses are important building blocks for developing the Norwegian Continental Shelf into a leading area for CO2 storage in Europe. On 20 June, the Ministry of Energy announced the award […]
Decarbonization of the Dunkirk Basin
(18.Jun.2024) â Air Liquide and Dunkerque LNG welcome the decision of the European Commission to support the D’Artagnan project. This CO2 transportation and exportation infrastructure is part of the âCap DĂ©carbonationâ initiative, which aims to reduce CO2 emissions by 1.5 million tonnes each year in the industrial basin of Dunkirk […]
Equinor Expands Renewables Portfolio in Poland with New Solar Plant
(Equinor, 18.Jun.2024) â Equinorâs third solar plant in Poland, Lipno has started test production. This brings the companyâs onshore renewables capacity in Poland to ~200 MW, and further strengthens its position in one of the fastest-growing renewable energy markets in Europe. Lipno is located in the Wielkopolskie province in central Poland. The […]
Equinor and GRTgaz to Develop CO2 Transport Infrastructure in France
(Equinor, 17.Jun.2024) â Equinor and main French gas transmission operator GRTgaz signed a project development agreement (PDA) for a CO2 transport system for captured CO2 from industrial emitters in France to safe and permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project. The development will consist of […]
Kongsberg Maritime to Move Chief Engineer Role to Shore
(Kongsberg, 13.Jun.2024) â Kongsberg Maritime has received Approval in Principle from classification society DNV to enable a key role to be transferred from a ship to a shore-based control centre, marking a significant step in the journey towards uncrewed vessel operations. The move will enable the role of Chief Engineer to […]
OMV Unveils New Corporate Identity
(OMV, 13.Jun.2024) â At its Capital Markets Day in London, OMV announced a new brand identity capturing the companyâs ambition and significant progress towards becoming net-zero by 2050. In line with OMVâs Strategy 2030, the new brand identity embodies the purpose of re-inventing essentials for sustainable living, as it evolves […]