reports
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
- ABGSC Oil & Oil Services Research
- John Olaisen
- Oliver Dunvold
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- Njål Kleiven
International Petroleum Corporation Announces 2024 Year-End Financial ...
International Petroleum Corporation Announces 2024 Year-End Financial and Operational Results and 2025 Budget, Reserves and Guidance International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the three months and year ended December 31, 2024. IPC is also pleased to announce its 2025 budget, including that IPC continues to progress the development of the Blackrod Phase 1 project in Canada in line with schedule and budget. IPC previously announced the ...
Hexagon Purus ASA: Results for the fourth quarter and preliminary full...
Hexagon Purus ASA: Results for the fourth quarter and preliminary full-year 2024 Key developments in Q4 2024 and after balance sheet date: Quarterly revenue of NOK 396 million in the fourth quarter of 2024, up 8% from the fourth quarter of 2023. Full year (FY) 2024 revenue ended at NOK 1,876 million, up 42% compared to FY 2023 revenue;EBITDA was NOK -104 million in the fourth quarter of 2024, compared to NOK -129 million in the same period last year. This corresponds to an EBITDA margin of -26% in the fourth quarter of 2024, up from -35% in the fourth quarter of 2023. For FY 2024, the EBI...
- ABGSC Oil & Oil Services Research
- Njål Kleiven
- Stian Wibstad
- ABGSC Oil & Oil Services Research
- Njål Kleiven
- Stian Wibstad
- ABGSC Oil & Oil Services Research
- Njål Kleiven
- Stian Wibstad
- Martin Huseby Karlsen
Offshore spending plateauing
After reviewing major oil companies’ most recent spending plans, we estimate offshore spending growth of c3% YOY in 2025 (down from c5% late last year and c8% six months ago). We believe a combination of supply-chain bottlenecks, efficiency gains, and capital discipline among oil companies are the main reasons for spending growth fading, resulting in a mid-cycle plateau. On the flip side, the cycle keeps building duration, as we see investments being pushed into 2026–2027. Also, activity levels ...
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.
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 407,001 IPC common shares (ISIN: CA46016U1084) during the period of February 3 to 7, 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 Reg...
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
- Martin Huseby Karlsen
Hexagon Purus renews long-term agreement for supply of hydrogen fuel s...
Hexagon Purus renews long-term agreement for supply of hydrogen fuel storage systems with transit bus customer (Oslo, Norway, 7 February 2025) Hexagon Purus, a world leading manufacturer of zero-emission mobility and infrastructure solutions, has today renewed its multi-year supply agreement with a leading European bus manufacturer for the delivery of hydrogen fuel storage systems to transit buses until 2028. Production of the next generation Type 4 hydrogen storage systems will be out of Hexagon Purus’ facility in Kassel (Germany). For more information Mathias Meidell, Investor Relatio...
- ABGSC Capital Goods Research
- Anders Idborg
- Karl Bokvist
VOLV B VOLVO AB CLASS B
WRT1V WARTSILA OYJ ABP
ABB ABB LTD.
SAND SANDVIK AB
TREL B TRELLEBORG AB CLASS B
MOCORP METSO OUTOTEC OYJ
ASSA B ASSA ABLOY AB CLASS B
SKF B SKF AB CLASS B
HPOL B HEXPOL AB CLASS B
ALFA ALFA LAVAL AB
MTRS B MUNTERS GROUP
HEXA B HEXAGON AB
EPI A EPIROC AB
NIBE B NIBE INDUSTRIER AB
ATCO A ATLAS COPCO AB
ALIV SDB AUTOLIV INC.
International Petroleum Corporation to release 2024 Year-End Financial...
International Petroleum Corporation to release 2024 Year-End Financial and Operational Results and to hold Capital Markets Day on February 11, 2025 International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three months and year ended December 31, 2024, on Tuesday, February 11, 2025 at 07:30 CET, followed by an audiocast at 10:00 CET (09:00 GMT). IPC’s annual Capital Markets Day will also be held on Tuesday, February 11, 2025 as a webcast at 15:00 CET (14:00 GMT). Fol...
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
- 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
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