reports
- ABGSC Oil & Oil Services Research
- John Olaisen
- Martin Mauseth
- Oliver Dunvold
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Stian Wibstad
- Steffen Evjen
BlueNord (Buy, TP: NOK610.00) - Catalysts should be lined up ahead
The underlying Q3 results were virtually in line with our estimates and consensus. We see several potential share price catalysts over the next months, with the Tyra restart set for the second half of November and a sequential ramp-up to plateau in December. Moreover, we expect to gain more understanding of the volume potential from the recent successful HEMJ exploration well, which could help to extend the production plateau for BlueNord. We reiterate our BUY and have raised our target price to...
- ABGSC Oil & Oil Services Research
- John Olaisen
- Martin Mauseth
- Oliver Dunvold
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Stian Wibstad
SUBC – Ex. Dividend NOK 3.00 on 30 October 2024
SUBC – Ex. Dividend NOK 3.00 on 30 October 2024 Luxembourg – 30 October 2024 Issuer: Subsea 7 S.A. Ex-date: 30 October 2024Dividend amount: NOK 3.00Announced currency: Norwegian Krone Contact for investment community enquiries:Katherine Tonks Investor Relations Director Tel 8 This information is published in accordance with the requirements of the Continuing Obligations. This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 30 October 2024 at 07:00 CET.
Seaway7 awarded offshore wind contract in UK
Seaway7 awarded offshore wind contract in UK Luxembourg – 29 October 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award to Seaway7, part of the Subsea7 Group, of a substantial1 contract by Ørsted for the transport and installation of the inter-array cables of the Hornsea 3 offshore wind project located in the UK sector of the North Sea. Seaway7’s scope of work covers the transportation and installation (T&I) of 192 66kV inter-array cables, measuring approximately 500 kilometres in length, with offshore activities scheduled to commence in 2026. Stuart Fitzgerald, ...
- Steffen Evjen
- Steffen Evjen
Potential exploration catalysts
Exploration activity on the NCS has remained high into Q4, with six exploration wells and one appraisal ongoing, and up to 10 more expected by year-end, representing 1.3bn boe in total resource potential. We consider Bounty, Arkenstone, Falstaff, and Kvernbit as key wells to keep an eye on. In our view, OKEA stands out relative to its own size due to its 20% stake in the upcoming Arkenstone well, with substantial upside potential if successful. Meanwhile, we believe Equinor, Aker BP, and Vår Ene...
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Stian Wibstad
Subsea7 share repurchases
Subsea7 share repurchases Luxembourg – 28 Oct 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced transactions made in accordance with its share repurchase programme during the week commencing 21 Oct 2024. Date on which the share repurchase programme was announced: 25 July 2019, with a two-year extension announced on 19 April 2023. The duration of the share repurchase programme: until 18 April 2025. In the perio...
- ABGSC Oil & Oil Services Research
- John Olaisen
- Martin Mauseth
- Oliver Dunvold
- Steffen Evjen
Weekly news, topics & discussion
This week, Equinor reported Q3 results in line with our estimates. We believe focus among investors remains on the potential for reduced renewable capex at its CMU in February 2025, where we consider the risk/reward attractive and see a reduction to its renewable capex as likely. Also, Vår Energi reported solid Q3 results, with EBITDA 6–5% above expectations. In other news, OKEA reported strong Q3 production, with 2024 production likely to reach the high end of its guidance.
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Stian Wibstad
Subsea 7 S.A.: Notification of major holding
Subsea 7 S.A.: Notification of major holding Subsea 7 S.A. has received notification of transactions in its shares by a major shareholder. Please see the attached forms for details. This information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. Attachment
- Steffen Evjen
Subsea 7 S.A. Notification of major holding
Subsea 7 S.A. Notification of major holding Subsea 7 S.A. has received notification of transactions in its shares by a major shareholder. Please see the attached forms for details. This information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. Attachment
Subsea7 share repurchases
Subsea7 share repurchases Luxembourg – 21 Oct 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced transactions made in accordance with its share repurchase programme during the week commencing 14 Oct 2024. Date on which the share repurchase programme was announced: 25 July 2019, with a two-year extension announced on 19 April 2023. The duration of the share repurchase programme: until 18 April 2025. In the perio...
- Steffen Evjen
Weekly news, topics & discussion
This week, Aker BP and DNO published their Q3 trading updates. Aker BP reported net production of 415kboed and realised liquids prices of USD80.3/bbl, in line with consensus and our estimates. For DNO, gross production from Kurdistan was 84kboed, versus our 80kboed estimate. Meanwhile, net production from its North Sea operations was on the soft side at 11.2kboed. In other news, we published a preview on Blue
Subsea 7 S.A.: Notification of major holding
Subsea 7 S.A.: Notification of major holding Subsea 7 S.A. has received notification of transactions in its shares by a major shareholder. Please see the attached forms for details. This information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. Attachment
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