Equinor fourth quarter profits beat estimates, share dividend cut
Equinor (OSE:EQNR) reported fourth quarter adjusted earnings of $8.68 billion, a fall from the highs of $17 billion a year earlier but still slightly higher than analyst estimates.
Equinor (OSE:EQNR) reported fourth quarter adjusted earnings of $8.68 billion, a fall from the highs of $17 billion a year earlier but still slightly higher than analyst estimates.
Convened by the Energy Institute’s sector experts and informed by the EI Statistical Review of World Energy, International Energy Week 2024 will be the biggest global energy meeting following the first UN global stocktake and other outcomes from COP28 in Dubai.
Who’d start a business on the eve of a pandemic?
Now in its 20th year, and fresh from a management buyout, Aberdeen-based AquaTerra Group is planning a multimillion-pound growth spurt.
Detailed appraisal well testing can provide significant benefits for the de-risking and development of carbon capture, utilization, and storage (CCUS) projects.
The local content regulations give "line of sight for the next five to 10 years. There’s another six or seven projects that I can see coming, which allows me to double down with investments into hiring and expansion.”
French supermajor TotalEnergies (LON: TTE) has signed a $199 million to take 75% ownership of the Tungsten Explorer drillship.
“Currently, this approach is more attractive than issuing equity to fund our 2024 development activities and working capital needs,” Simões added.
“Another chapter starts now with its own challenges. We will never stop to rest on our laurels and we regularly need to reinvent ourselves by injecting new energy.”
BP will step back from acquisitions in the coming years as it weighs ‘big decisions’ over new project sanctions, CEO Murray Auchincloss told investors.
CeraPhi plans to repurpose former gas wells into geothermal energy centres
The Ocean GreatWhite was working for BP around 125 miles west of the Shetland Islands.
“The sentiment for oil and gas stocks is on the very low side, at least in European markets,” Nordin continued. “There is a clear misalignment in valuations”, he continued, when contrasting market cap with how Tethys is valued within the industry.
North East energy supply chain firms will look to emerging opportunities Down Under as the Aberdeen-Perth WA Gateway event returns to the Granite City on February 8.
BP will up its buybacks as fourth quarter earnings beat analyst estimates, while profits returned to pre-2022 levels.
The company said this was larger than its previous largest order, which was for 16 methanol-power containerships, worth 3.95trn won ($3bn).
Thistle Wind Partners (TWP) has passed a planning milestone for its Ayre Offshore Wind farm, submitting the onshore scoping report to Highland Council.
The European Union is shying away from further measures to protect its embattled clean-tech industry from cheap Chinese imports over concerns it could make it harder to source key components and raise the cost of the green transition.
The European Union issued its most ambitious climate roadmap just as the bloc is facing severe headwinds from angry farmers and an ailing industrial base increasingly alarmed about the high costs of a rapid green transition.
If those countries which have declared the aim of achieving “Net Zero” are to ever actually achieve it then I have news for them: they won’t do it by diktat, threats or bullying.
Despite ongoing national and global campaigns focusing on improving mental health and awareness, millions of working days are lost, with the Chartered Institute of Personnel & Development (CIPD) highlighting that for the year of 2022/2023, the UK reported the highest level over 15 years.
“Under our analysis, we see Brazilian production starting to decline around 2029-30,” Welligence’s Fagundes said. “Given how long it takes to develop a big field, [Petrobras] needs to start finding new reserves.”
Neil Thompson has been appointed chief executive of Hydrasun, as former boss Bob Drummond takes on management of the newly created D2Zero group.
Diamond Offshore Drilling Inc. said equipment on a rig under lease to BP Plc (LON:BP) accidentally broke free during a storm and sank to the bottom off the UK coast. No one was injured and no crude leaked into the ocean.
Members of Parliament want more say on government plans to achieve emissions cuts in the run-up to 2050, the nation’s legally binding net-zero target date.