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...
Prosafe SE: Fourth-quarter results 2024 (Figures in brackets refer to the corresponding period last year) 31 January 2025 – Prosafe SE reported EBITDA of USD 4.9 million (negative USD 2.7 million) for the fourth quarter of 2024. The company had four active vessels during the quarter. Operations and HSSE Good operating and safety performance on all vessels 57% utilisation (50%), four out of seven vessels operating during the quarter 100% utilisation on the operating fleet in Brazil and US Gulf of Mexico Strong commercial performance during 2024 with 44% increase in backlog from prio...
The E&P Q4 reporting season got under way this week. Despite a solid report, we believe OKEA’s results were overshadowed by the absence of any plan to start paying dividends again. Also, Vår Energi’s trading update revealed soft Q4 production and realised prices, and we continue to see meaningful downside risk to consensus 2025e production. Meanwhile, BlueNord said Tyra is now expected to reach plateau production in February.
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...
This week, OKEA published a solid Q4 trading update, with net production of 37.8kboed well above our 32.4kboed estimate, leaving full-year production at 39.1kboed, at the top end of its 37–39kboed guidance. In other news, BW Energy announced it is targeting an FID for Maromba in Q1, with capex expected around USD1.2bn (~USD1.0bn previously). Also, the Norwegian Offshore Directorate’s (NOD) preliminary production figures for December show production was down ~5% YOY.
The Norwegian Offshore Directorate’s (NOD) preliminary NCS figures for December showed soft liquids production of 2,018kboed (2% below forecast) and solid gas production of 361mcm/d (2% above forecast). Overall production was 4.29mmboed, up 1.2% MOM (in line with its forecast), but down 5.3% YOY. On a company level, Equinor, Vår Energi and DNO saw higher production MOM in November, while Aker BP (which has already reported Q4 production) and OKEA saw lower production MOM.
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