reports
Ørsted adjusts its business plan to strengthen the capital structure t...
Ørsted A/S (Orsted) Ørsted adjusts its business plan to strengthen the capital structure through a disciplined, value-focused capital allocation with a reduced investment programme 05-Feb-2025 / 18:23 CET/CEST 5.2.2025 18:23:08 CET | Ørsted A/S | Inside information Today, Ørsted’s Board of Directors approved adjustments to the company’s business plan towards a focused capital allocation to strengthen the capital structure. The company will prioritise the most value-accretive growth opportunities through a self-funded investment programme. During 2024, Ørsted delivered fu...
- Martin Huseby Karlsen
Retirement cycle started, but more needed
On one hand, it is positive to see Noble take action to balance the market, with plans to retire two cold-stacked drillships. However, as both had been cold-stacked for some time (10 and seven years) and were not considered actively chasing new contracts, the impact mostly relates to the signal sent rather than helping actual supply/demand. We continue to believe more retirements (including recently active rigs) are required, but consider Noble’s move today a good start. In our opinion, investor...
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
International Petroleum Corporation Announces Results of Normal Course...
International Petroleum Corporation Announces Results of Normal Course Issuer Bid and Updated Share Capital International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 336,608 IPC common shares (ISIN: CA46016U1084) during the period of January 27 to 31, 2025 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 3, 2024, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No...
- Martin Huseby Karlsen
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
Rasmus Errboe is appointed CEO of Ørsted replacing Mads Nipper who ste...
Ørsted A/S (Orsted) Rasmus Errboe is appointed CEO of Ørsted replacing Mads Nipper who steps down as CEO 31-Jan-2025 / 08:00 CET/CEST 31.1.2025 08:00:23 CET | Ørsted A/S | Inside information Today, Ørsted’s Board of Directors has appointed Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as new Group President and CEO of the company replacing Mads Nipper who will step down from his position as Group President and CEO of Ørsted. Mads Nipper joined Ørsted in January 2021. He will step down as CEO on 1 February 2025, at which time Rasmus Errboe will step into...
Ørsted to present its annual report for 2024 on February 6
Ørsted A/S (Orsted) Ørsted to present its annual report for 2024 on February 6 30-Jan-2025 / 17:04 CET/CEST 30.1.2025 17:04:45 CET | Ørsted A/S | Investor News Ørsted will present its annual report for 2024 on Thursday, February 6, 2025. The report will be released at approx. 8:00 CET. In connection with the presentation of the annual report, an earnings call for investors and analysts will be held on the same day at 14:00 CET. The earnings call can be followed live at .Presentation slides will be available in the morning on the day of the earnings call at .For further i...
Ørsted and PGE take final investment decision on Baltica 2 Offshore Wi...
Ørsted A/S (Orsted) Ørsted and PGE take final investment decision on Baltica 2 Offshore Wind Farm 30-Jan-2025 / 08:40 CET/CEST 29.1.2025 17:10:56 CET | Ørsted A/S | Investor News Ørsted and PGE have taken final investment decision (FID) on the 1.5 GW Baltica 2 Offshore Wind Farm, which will be built, owned and operated in a 50/50 partnership between Ørsted and Poland’s largest energy company PGE Polska Grupa Energetyczna. Baltica 2, which will be located approx. 40 km off the Polish coast near Ustka, is expected to be fully commissioned in 2027. Baltica 2 has a 25-year ...
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
- ABGSC Renewable Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Martin Huseby Karlsen
Slow start to 2025 for offshore, but cycle duration highlighted
SLB said on its recent Q4 earnings call that it expects flat global upstream spending YOY in 2025, while Halliburton guided for flat group revenue. Both expect offshore activity to improve as the year progresses, based on numerous FIDs late-2025 and into 2026 – but implying a slow start to the year. These comments mirror feedback we have had from industry sources, although we are already seeing offshore drilling campaigns slipping towards the end of 2026, or even into 2027. Hence, their comments...
SDRL SEADRILL LTD
ARCHERO ARCHER
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
BWO BW OFFSHORE LIMITED
BORR BORR DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
OTL ODFJELL TECHNOLOGY LTD
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
DOFG DOF GROUP ASA
VTURA VENTURA OFFSHORE
PLSV PARATUS ENERGY SERVICES LTD.
- ABGSC Renewable Energy Research
- Adrian Gilani
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Stian Wibstad
ORSTED ORSTED
HEX HEXAGON COMPOSITES ASA
NEL NEL ASA
SSO SCATEC ASA
EOLU B EOLUS VIND AB
FKRFT FJORDKRAFT HOLDING ASA
CADLR CADELER
VOLUE VOLUE AS
A2QKGG HEXAGON PURUS
ZAP ZAPTEC
VWS VESTAS WIND SYSTEMS
EWIND EDDA WIND ASA
TOM TOMRA SYSTEMS ASA
IWS-NO INTEGRATED WIND SOLUTIONS
OX2-SE OX2
International Petroleum Corporation Announces Results of Normal Course...
International Petroleum Corporation Announces Results of Normal Course Issuer Bid International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 294,208 IPC common shares (ISIN: CA46016U1084) during the period of January 20 to 24, 2025 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 3, 2024, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Re...
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Stian Wibstad
- Martin Huseby Karlsen
- Martin Huseby Karlsen
More Pemex suspensions
With three more suspensions in Mexico and suppliers still waiting for payments, the uncertainty is building in the region. We count eight confirmed suspensions recently (including three for Borr Drilling and one for Fontis Energy) and one termination, and would not be surprised to see more suspensions. While Pemex is in a challenging financial situation with declining production, local reports and statements from the Mexican president suggest suppliers should start to receive payments by March. ...
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Stian Wibstad
- ABGSC Oil & Oil Services Research
- John Olaisen
- Oliver Dunvold
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