(Aker BP, 15.Jan.2024) — Aker BP (OSE: AKRBP) (OTCQX: AKRBF; AKRBY) announces its preliminary production and sales figures for the fourth quarter 2023. The company’s equity production for the period was 444.3 thousand barrels of oil equivalents per day (mboepd). Net volume sold in the quarter was 466.9 mboepd. For the […]
Category: Europe
Europe energy
Kelp Farming Plant to Remove CO2 from the Atmosphere
(Aker BP, 10.Jan.2024) — Aker BP contributes to the establishment of a kelp cultivation plant in the sea off Frøya in Trøndelag. The plant will remove CO2 from the cycle. Already in the summer of 2024, the first kelp will be harvested. SINTEF Ocean will build and operate the kelp […]
CGG and C-Questra Ink CCUS Cooperation Deal
(CGG, 9.Jan.2024) — CGG, a global technology and HPC leader, and C-Questra, an independent European operator specializing in the CO2 storage value chain, have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS). CGG has more than 15 years of experience supporting a number of high-profile CCUS […]
Stena Roro Places Order for Another E-Flexer Ropax Vessel
(Stena RoRo, 8.Jan.2024) — Stena RoRo placed an order for yet another RoPax-class E-Flexer vessel from the Chinese shipyard CMI Jinling (Weihai). The vessel will be delivered in the first quarter of 2026 to Corsica Linea and will operate between Marseille and Corsica. This is Stena RoRo’s thirteenth vessel in […]
Emeren Group Buys 86 MWp Solar Portfolio in Spain
(Emeren Group, 28.Dec.2023) — Emeren Group Ltd (NYSE: SOL), a global solar project developer, owner, and operator, today announced the successful purchase of an 86 MWp utility-scale solar project portfolio in Spain from Negratin Global Services, an industrial and service group that operates in energy, industry and installations within the renewable energy space. […]
Harbour, Wintershall Dea Sign Business Combination Agreement
(Wintershall Dea, 21.Dec.2023) — BASF, LetterOne and Harbour Energy plc (21 Dec. 2023) signed a business combination agreement to transfer Wintershall Dea’s E&P business consisting of its producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding […]
![Harbour and Wintershall Dea Ink $11.2bn Deal [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/01/Wintershall-Dea-writes-off-Nord-Stream-2-financing-over-Russias-attack-on-Ukraine.jpg)
Harbour and Wintershall Dea Ink $11.2bn Deal [PDF Download]
(BASF, 21.Dec.2023) — BASF, LetterOne and Harbour Energy plc (21 Dec. 2023) signed a business combination agreement to transfer Wintershall Dea’s E&P business consisting of its producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as […]
New Generation Takes Over at Exmar
(Exmar, 19.Dec.2023) — Listed Belgian shipowner sets a strategic milestone as Carl-Antoine Saverys will be the new CEO, taking over from Francis Mottrie who will stay on board as COO. Carl-Antoine Saverys will take over formally as CEO from 1 Jan. 2024. After assuming various roles in the shipping industry, […]
AquaShip AS and Intership AS Merge
(AquaShip and Intership, 18.Dec.2023) — American Industrial Partners Capital Fund VII, LP, an investment fund managed by American Industrial Partners (AIP) announced that it has become the majority and controlling shareholder in AquaShip AS and Intership AS and will merge the two companies to form one of the largest, most […]
Germany to End EV Subsidy Programme
(Reuters, 16.Dec.2023) — Germany’s electrical vehicle subsidy programme will end prematurely on Monday after paying out some 10bn euros since 2016, the Economics Ministry said, the latest sign of belt-tightening following the adoption of a revised 2024 budget this week. The new budget had to be slimmed down after a ruling by […]
S&P Global Releases its 2024 Energy Outlook
(S&P Global, 14.Dec.2023) — Analysts at S&P Global Commodity Insights, an independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, today released their latest 2024 energy outlook. OVERVIEW After years of turbulence, global markets are still striving to find sustainable […]
Iberostar Unveils Circular Economy Roadmap
(Iberostar, 13.Dec.2023) — Iberostar Group, involved in responsible tourism, unveils its new roadmap showcasing its commitment to circular economy principles at the 28th edition of the United Nations Conference (COP28) in Dubai, at the UNWTO event: Tourism United for Climate Action – Delivering on the Commitments of the Glasgow Declaration. New roadmap outlines Iberostar’s strategic progress in […]
Eni Reports on Treasury Share Purchases
(Eni, 13.Dec.2023) — During the period from 4-8 Dec. 2023, Eni acquired on the Euronext Milan no. 5,595,589 shares (equal to 0.17% of the share capital), at a weighted average price per share equal to 14.9630 euro, for a total consideration of 83,726,564.84 euro within the second tranche of the […]
TotalEnergies Buys Numerous Start-ups in the Electricity Business
(TotalEnergies, 12.Dec.2023) — To contribute to the acceleration of its development in the electricity business, TotalEnergies acquires three start-ups that have benefited from its TotalEnergies On acceleration program based at STATION F in Paris. The success of the collaborations and tests carried out during their participation in the program has […]
Scania’s New Biogas Engines: Going Greener with 5% Fuel Savings
(Scania, 8.Dec.2023) — Scania first hinted about its new biogas engines at last year’s IAA fair, but when the state-of-the-art engines arrived they came with a twist – they are now paired with two-thirds of the successful Super-based powertrain. The well-composed and harmonised trio – the new biogas engines plus […]
Dujiangyan: Changes and Constants in 2279
(The Sichuan Dujiangyan Water Conservancy Development Center, 7.Dec.2023) — As 2023 comes to a close, international students from countries such as France, Canada, Colombia are gearing up to visit Dujiangyan to experience its hydraulic culture. Now 2279 years old, known as the “originator of world hydraulic culture,” Dujiangyan reveals its changes and constants to visitors […]
Increased Market Share Expected as Investment Builds for Low-Carbon Hydrogen
(WoodMac, 5.Dec.2023) — Oil and gas Majors have just an 8% market share of announced global net low-carbon hydrogen production capacity, which equates to 102.6 million tonnes per annum (Mtpa), according to latest analysis from Wood Mackenzie. The Majors are focused on getting small-scale projects operational before 2030 to pave the […]
Rock Tech Secures Offer for Guben Converter
(Rock Tech, 4.Dec.2023) — Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) has received a binding feedstock supply offer from Castelburg Industrie GmbH. Castelburg, a renowned supplier in the automotive industry commits to supply a minimum of 250,000 dry metric tonnes of spodumene concentrate feedstock for the company’s conversion […]
Eni and Defense Strengthen Strategic Deal for Italy’s Security
(Eni, 4.Dec.2023) — Minister of Defence, Guido Crosetto, and Eni CEO, Claudio Descalzi, signed a Memorandum of Understanding between the Ministry of Defence and Eni today in Rome. The agreement strengthens strategic collaboration on security and risk assessment thanks to the share of expertise and information that can complement the […]
Court Bars Venezuela from Altering Guyana’s Control over Essequibo
(AP, 1.Dec.2023) — The United Nations’ top court on Friday ordered Venezuela not to take any action that would alter Guyana’s control over a disputed territory, but did not specifically ban Venezuela from holding its planned referendum Sunday on the territory’s future. Guyana had asked the International Court of Justice to order […]
Noble Announces Major Shareholder Notification
(Noble, 26.Nov.2023) — Pursuant to Section 30 of the Danish Capital Markets Act, Noble Corporation plc (CSE: NOBLE, NYSE: NE) today announces that Noble between Jun. and Sep. 2023 received several major shareholder notifications from BlackRock, Inc. regarding the fact that BlackRock’s indirect holdings of shares and voting rights in Noble […]
TotalEnergies Launches In-Depot Charging for Electric Trucks
(TotalEnergies, 21.Nov.2023) — TotalEnergies announced the launch of an in-depot electric truck charging service today at the SOLUTRANS road and urban transportation trade show. With this new solution, TotalEnergies will install and supervise customized charging infrastructure adapted to transporters’ needs to support their transition to electric mobility. Customized Service Adapted […]
SBM Completes Share Repurchase
(SBM Offshore, 21.Nov.2023) — SBM Offshore has completed the repurchase of 350,000 shares. Between 9-21 Nov. 2023 a total of 350,000 common shares were repurchased, at an average price of EUR 12.25 per share, representing a total of EUR 4,286,956. Information regarding the aggregate of the transactions (calculated on a […]
CGG Sells its Stake in ARGAS to TAQA
(CGG, 21.Nov.2023) — CGG has entered into a definitive agreement with Industrialization and Energy Services Company (TAQA) to sell its entire 49% stake in Arabian Geophysical and Surveying Company (ARGAS). The transaction is expected to close this year, subject to satisfying relevant conditions. Sophie Zurquiyah, CEO CGG, said “The sale […]
Mandalay Resources Announces 3Q:23 Financial Results, CFO Transition
(Mandalay, 9.Nov.2023) — Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) is pleased to announce its financial results for the quarter ended 30 Sep. 2023. Third Quarter 2023 Highlights: Generated consolidated quarterly revenue of $40.9mn; Björkdal had its strongest quarter since Q1 2022 generating revenue of $21.8mn and adjusted EBITDA1 of $9mn for 2023; Consolidated quarterly adjusted EBITDA […]
TotalEnergies Commits to Employee’s Energy Transition
(TotalEnergies, 9.Nov.2023) — As part of its transition strategy, TotalEnergies is committed to support its 35,000 employees in France in their own ecological transition effort to make their energy consumption or their mobility in their daily lives more sustainable. To this end, TotalEnergies and the company’s trade union representatives in […]
Aker Horizons ASA Reports 3Q:23 Results
(Aker Horizons, 2.Nov.2023) — Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, today announced results for the third quarter of 2023. Aker Horizons’ net asset value stood at NOK 10.2bn as of 30 Sep. 2023. The company had a cash position of NOK 3.5bn and an undrawn credit facility of EUR 500mn, giving […]
Apache Corp Expands Award-Winning Tree Grant Programme to Scotland
(APA Corporation, 1.Nov.2023) — Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), today announced the launch of the Apache Tree Grant Programme in Scotland for the 2023-2024 planting season. Initially launched in the United States, the Apache Tree Grant Programme is an award-winning initiative focused on large-scale conservation, protection […]
Mainstream’s JV Applies for 2.5 GW Wind Permit off Sweden’s East Coast
(Mainstream, 31.Oct.2023) — Freja Offshore, a 50-50 joint venture between Mainstream Renewable Power and Hexicon, has submitted a planning application for the up-to 2.5 GW Dyning floating offshore wind farm in the Baltic Sea, located in Sweden’s economic zone, approximately 45 kilometers southeast of Oxelösund. Dyning will have the potential […]
Eni Inks Deal to Ensure Further LNG Volumes from Indonesia
(Eni, 26.Oct.2023) — Eni signed a 0.8 billion cubic meters (bcm) LNG sales and purchase agreement with Merakes LNG Sellers, starting from January 2024 for 3 years, in addition to the contract with Jangkrik LNG Sellers for 1.4 billion cubic meters per year, in place since 2017. Thanks to these […]
Eni’s BODs on Distribution
(Eni, 26.Oct.2023) — Eni’s Board of Directors, chaired by Giuseppe Zafarana, resolved to distribute to Shareholders the second of the four tranches of the provision in place of the 2023 dividend from Eni S.p.A. available reserves[1] of € 0.23 (compared to a total annual provision, in place of the dividend, equal […]
France’s TotalEnergies Reports 3Q:23 Results [PDF Download]
(TotalEnergies, 26.Oct.2023) — Paris-based TotalEnergies reported its financial and operational details for the third quarter of 2023. ____________________
TotalEnergies on Interim Dividend of €0.74/share for Fiscal Year 2023
(TotalEnergies, 26.Oct.2023) — The TotalEnergies‘ Board of Directors meeting on 25 October 2023 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of the third 2023 interim dividend of 0.74 €/share, an increase of 7.25% compared to the three interim dividends paid for fiscal […]
TotalEnergies Pursues Its Integrated Power Strategy in Germany
(TotalEnergies, 26.Oct.2023) — TotalEnergies has signed agreements with the Aloys Wobben Foundation (AWS) to acquire the entire share capital of the German company Quadra Energy. Founded in 2012 and boasting a “virtual power plant” totaling 9 GW, Quadra Energy is one of the top 3 aggregators of renewable electricity production […]
TotalEnergies Commissions its LNG Floating Terminal in the Port of Le Havre
(TotalEnergies, 26.Oct.2023) — TotalEnergies announces the commissioning of the Cape Ann, its floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre. The terminal injected its first megawatt-hours (MWh) of gas into the grid operated by GRTgaz, using LNG from Norway. TotalEnergies […]
Big Oil: Upstream M&A Gets Serious
(WoodMac, 26.Oct.2023) — ExxonMobil’s and Chevron’s belief in the durability of upstream could hardly be better demonstrated by the game-changing acquisitions of two flagship US Independents. It’s a pivotal moment for the sector and widens the strategic gulf with the Euro Majors. Here are our team’s thoughts. First, what drove […]
CGG Joins Phase 3 of HNET Seismic Monitoring Network
(CGG, 24.Oct.2023) — CGG has joined Phase 3 of the HNET Horda Platform Region Project led by industry partners to monitor background seismicity at the Northern Lights CO2 storage project, the world’s first large-scale open-source infrastructure for receiving and storing CO2 from multiple sources and industries. As a project partner, […]
Eni Inks LNG Deal Related to Qatar’s North Field East Expansion Project
(Eni, 23.Oct.2023) — Eni signed a long-term contract with QatarEnergy LNG NFE (5), the JV between Eni and QatarEnergy for the development of the North Field East (NFE) project in Qatar, for the delivery of up to 1.5 billion cubic meters per annum (bcma) of LNG. The available volumes will […]
Enilive’s Diesel from 100% Renewable Raw Materials Powers Lannutti’s Fleet
(Eni, 19.Oct.2023) — Enilive (Eni Sustainable Mobility), through the Eni Fuel company, and Lannutti Group, a leading operator in the logistics and road transport sector, have signed an agreement for the use of HVOlution, a diesel fuel produced from 100% renewable raw materials*. With 300 trucks in its Italian fleet […]
Versalis: Acquisition of Novamont Finished
(Eni, 18.Oct.2023) — Versalis now holds the entire share capital of Novamont, of which it already owned 36%. The transaction, announced on 28 April and authorised by the relevant authorities, was completed today with Mater-Bi, a subsidiary of Investitori Associati II and NB Renaissance, acquiring 64% of Novamont’s shares. Novamont, […]
Scotland: TotalEnergies Commissions Its Biggest Offshore Wind Farm
(TotalEnergies, 17.Oct.2023) — TotalEnergies and its partner SSE Renewables announced that their Seagreen offshore wind farm is now fully operational and running at its design capacity of 1,075 MW. Seagreen is a joint venture between TotalEnergies (51%) and SSE Renewables (49%). It is located in the North Sea, some 27 […]
Orvana Achieves FY:2023 Guidance
(Orvana, 16.Oct.2023) — Orvana Minerals Corp. (TSX: ORV) reports fourth quarter of fiscal year 2023 (“Q4 FY2023”) production and exploration results from Spain and announces the registration of its subsidiary, Empresa Minera Paitití, S.A. (EMIPA), as a Bond Issuer in the Bolivian stock market. Highlights Q4 FY2023 production of 15,567 gold equivalent ounces […]
Westport Collaborates with Partners on Hydrogen-Powered Heavy Truck in Spain
(Westport Fuel Systems, 10.Oct.2023) — Westport Fuel Systems Inc. (TSX: WPRT) (Nasdaq: WPRT), a supplier of advanced alternative fuel systems and components for the global transportation industry, today announced the successful completion of a heavy transport demonstration with its H2 HPDI™ fuel system equipped prototype truck hauling a refrigerated trailer in Madrid, Spain. The […]
Repsol Starts Producing Renewable Hydrogen at Petronor
(Repsol, 9.Oct.2023) — Repsol has begun producing renewable hydrogen at its Petronor industrial center (Biscay, Spain). The 2.5 MW electrolyzer can generate 350 tons per year of renewable hydrogen for industrial use, mainly in the refinery, as a raw material for manufacturing products with a lower carbon footprint. Highlights: Repsol […]
TotalEnergies Surpasses Milestone of 1,000 High-Power Chargers in France
(TotalEnergies, 6.Oct.2023) — During the inauguration of TotalEnergies’ fifth 100% electric service station in France (Relais Garibaldi in Lyon), Chairman and Chief Executive Officer Patrick Pouyanné announced that the company has now installed and operates more than 1,000 high-power chargers (HPC) for electrical vehicles nationwide. This significant milestone in electric mobility makes TotalEnergies […]
TotalEnergies Inks New Long-term Solar Supply Deal with Saint-Gobain
(TotalEnergies, 3.Oct.2023) — TotalEnergies signed a new 15-year renewable Power Purchase Agreement (PPA) with Saint-Gobain. This is the second long-term solar power supply agreement designed to help decarbonize the power consumption of the building materials company’s 125 industrial sites in North America. By signing this PPA with Saint-Gobain, TotalEnergies is […]
EAI’s NRGBriefs: Sep. 2023
(Energy Analytics Institute, 30.Sep.2023) — Energy briefs as well as others related to finance and projects during Sep. 2023 including Petrobras saying that in regards the process of divestment of the LUBNOR refinery that it continues to strictly comply w/ the purchase and sale agreement; SilverCrest Metals Inc. filing an […]
TotalEnergies Acquires Ombrea and Creates a Center of Expertise for Agrivoltaics
(TotalEnergies, 28.Sep.2023) — TotalEnergies has finalized the acquisition of France’s agrivoltaics leader Ombrea. Ombrea was founded in 2016. It has built ten sites and studied around fifty crop varieties, to develop unique expertise and innovative solutions that optimize the synergies between agricultural production and green electricity generation. By integrating Ombrea’s teams […]
Equinor and OMV Agree to New Long-term Gas Sales Deal
(Equinor, 27.Sep.2023) — Equinor has signed a new long-term gas sales agreement with Austria’s major energy company OMV. The agreement is for 5 years starting 1 October this year and with an annual volume of 12 TWh. The gas will be delivered at Germany’s virtual trading hub THE (Trading Hub […]
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Rosebank Field to Progress in the UK [Video]
(Equinor, 27.Sep.2023) — Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing $3.8bn. The North Sea Transition Authority (NSTA) granted consent for the development of the field on 27 September. “Developing the Rosebank field […]