Ørsted A/S (Orsted) Ørsted divests shares in three US solar and battery storage projects to Energy Capital Partners 18-Dec-2024 / 08:00 CET/CEST 18.12.2024 08:00:01 CET | Ørsted A/S | Investor News Continuing to deliver on its divestment programme, Ørsted announces newest farm-down partnership with Energy Capital Partners Today, Ørsted announced it is divesting a 50 % equity stake in three US onshore projects to Energy Capital Partners (ECP), a leading energy transition-focused investor and the largest private owner of power generation and renewables in the US. The farm-...
DNO Adds Its Ninth Discovery in North Sea Core Area Oslo, 17 December 2024 – DNO ASA, the Norwegian oil and gas operator, today announced an oil and gas discovery on the Ringand prospect in the Norwegian North Sea license PL923/923B in which the Company’s wholly-owned subsidiary DNO Norge AS holds a 20 percent interest. Preliminary estimates of gross recoverable resources are in the range of 2-13 million barrels of oil equivalent (MMboe) on a P90-P10 basis with a mean of 10 MMboe. Together with its partners Equinor Energy AS (60 percent and operator) and Petoro AS (20 percent), DNO will co...
Ørsted A/S (Orsted) Ørsted completes 50 % divestment of Greater Changhua 4 16-Dec-2024 / 09:45 CET/CEST 16.12.2024 09:45:54 CET | Ørsted A/S | Investor News Further to our issued on 11 December 2024, Ørsted has today completed the divestment of 50 % of the ownership of the Greater Changhua 4 Offshore Wind Farm (583 MW) to Cathay Life Insurance. The information provided in this announcement does not change Ørsted’s financial guidance for the financial year 2024. For further information, please contact: Global Media Relations Jakob Gøtzsche Vesterager Investor Relation...
Ørsted A/S (Orsted) Ørsted brings in Cathay Life Insurance as investor in Greater Changhua 4 Offshore Wind Farm 11-Dec-2024 / 08:00 CET/CEST 11.12.2024 08:00:01 CET | Ørsted A/S | Investor News Ørsted has signed an agreement with Cathay Life Insurance, the leading insurance company in Taiwan, and its affiliate Cathay Wind Power Holdings Co., Ltd, under which Cathay Life Insurance will acquire a 50 % ownership share of Ørsted’s 583 MW Greater Changhua 4 Offshore Wind Farm. Ørsted will continue to own the remaining 50 % ownership stake in the wind farm. The Greater Changhu...
Trym Reboot Boosts North Sea Output Oslo, 9 December 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that its operated Trym field in the Norwegian North Sea license PL147 (DNO 50 percent) is back on production after a five-year shutdown during which TotalEnergies redeveloped the Tyra field infrastructure in the Danish North Sea to which Trym is tied back. First commissioned in 2011, Trym is expected to contribute 3,000 barrels of oil equivalent per day (boepd) net to DNO at plateau. Remaining reserves are estimated at two million barrels of oil equivalent (MMboe) net t...
This week, Equinor announced a joint venture with Shell for its UK assets. We consider this a sensible move for Equinor, reducing its exposure to Rosebank (and likely cutting near-term organic capex by ~3–4%), while boosting near-term production by ~1.5% and accelerating the use of its significant UK tax loss position through increased production. In other news, Pål Eitrheim, EVP Renewables at Equinor, is leaving the company after 26 years. Finally, for Panoro Energy, we expect increased dividen...
AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; Target price of £0.08 per share: US$100 mm guarantees highlight the value of the South Africa energy trading business - British International Investment (BII) and GuarantCo have announced a US$100 mm guarantee finance facility for Etana Energy, the South African electricity trading platform which is owned and was co-founded by Chariot (49%) and H1 Holdings (51%). Etana is one of the few companies holding an electric...
DNO Strikes Oil in New Play Offshore Norway Oslo, 2 December 2024 – DNO ASA, the Norwegian oil and gas operator, today announced an oil discovery in license PL1086 in which the Company holds a 50 percent operated interest with the balance held by partners Aker BP ASA (20 percent), Petoro AS (20 percent) and Source Energy AS (10 percent). Light oil was discovered in Palaeocene sandstones of good reservoir quality with preliminary estimates of gross recoverable resources in the range of 27-57 million barrels of oil equivalent (MMboe) on a P90-P10 basis, with a mean of 41 MMboe. As this i...
Following the recent strengthening of European gas prices, we published an update on the impact for the NCS large caps in our coverage. With high gas prices likely isolated to 2025–2026e, we see a limited valuation effect. Also, following Trump’s US election victory, we see increased risk for potential delays to a farm-down of Empire Wind, which could limit Equinor’s ability to reduce its near-term renewables capex. In other news, Panoro Energy completed issuance of a new USD150m senior secured ...
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