AUCTUS PUBLICATIONS ________________________________________ Corcel (CRCL LN)C; Target price of 1.00p per share: Restarting intervention activities at Tobias field -Intervention activities will soon restart at the Tobias-13 and Tobias-14 wells on Block KON-11, aiming to re-establish production at the Tobias field. Discovered in 1961, the Tobias field initially had an estimated 94 mmbbl of oil in place. Twelve wells were drilled, with eight producers reaching peak production of 17.5 mbbl/d. The T...
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...
BW Energy: Fourth Quarter Results 2024 BW ENERGY FOURTH QUARTER RESULTS 2024 HIGHLIGHTS• Record Q4 EBITDA of USD 141.6 million, net profit of USD 56.8 million• Full-year revenue of USD 0.8 billion (+57%), EBITDA of USD 457.4 million (+90%) and net profit of USD 165.9 million (+105%)• Operational cash-flow of USD 117.7 million in the quarter• Q4 gross production of 4.0 mmbbls with 3.1 mmbbls net to BW Energy • Highest quarterly production since inception from the Dussafu licence • ESP replacement program completed as planned with 8 pro...
Scatec ASA – Fixed income investor meetings Scatec ASA – Fixed income investor meetings Oslo, 31 January 2025: Scatec ASA ("Scatec") has mandated DNB Markets, Nordea and SpareBank 1 Markets to arrange a series of fixed income investor meetings commencing Monday, 3 February 2025. A NOK 1,000 million (expected) senior unsecured green bond issue with a 4-year maturity may follow, subject to inter alia market conditions. The net proceeds of the green bond issue shall be applied towards repayment of the EUR 114 million (NOK 1.3 billion) bonds outstanding with ticker “SCATC03 ESG” (ISIN NO0010...
Scatec fourth quarter & full year 2024: Continued profitable growth Oslo, 31 January 2025: In the fourth quarter, Scatec reported proportionate revenues of NOK 2.68 billion (1.59 billion), with an EBITDA of NOK 1.38 billion (0.81 billion). For the full year, Scatec reported proportionate revenues of NOK 7.85 billion (12.37 billion), with an EBITDA of NOK 4.69 billion (3.85 billion). Scatec’s power plants generated 1,138 GWh in the quarter, up from 811 GWh in the same quarter last year on a proportionate basis, mainly driven by new plants in operation. Power production revenues were NOK 1....
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 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 ...
We initiate coverage of Scatec on Outperform with a target price of NOK 105. Based on a strategic plan aimed at increasing installed capacity by 50% and refocusing on four countries, the company should generate EBITDA growth of 11% per year out to 2028. With an average ROCE-WACC of 280bp over 2024-2028, its value creation potential is greater than that of the sector whereas the share trades at a discount of over 15%.
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