reports
- Martin Huseby Karlsen
Muted 2025 growth expectations
Following Q1 earnings calls by some of the oil service companies, 2025 outlooks appear more challenging than previously. Baker Hughes expects international upstream spending to decline by mid- to high-single digits, while Halliburton sees its international revenues flat to slightly down. Furthermore, Weatherford expects 2025 international revenue to decline by low double- to mid-double digits. Precision Drilling flagged additional rig suspensions by Saudi Aramco, and SLB highlighted a slow start...
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.
- ABGSC Renewable Energy Research
- Daniel Vårdal Haugland
- Stian Wibstad
Hexagon Purus ASA: Minutes of Annual General Meeting
Hexagon Purus ASA: Minutes of Annual General Meeting The annual general meeting of Hexagon Purus ASA was held today, 25 April 2025 in Oslo, Norway. All proposals on the agenda were adopted as proposed. Complete minutes of the annual general meeting are attached to this release and are also available on For more information Mathias Meidell, IR Director, Hexagon Purus ASA Telephone: | About Hexagon Purus ASA Hexagon Purus enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, ...
Prosafe SE: Key information relating to the conditional offering of w...
Prosafe SE: Key information relating to the conditional offering of warrants to existing shareholders Prosafe SE (the "Company") refers to the notice of an extraordinary general meeting published on 25 April 2025 in connection with the proposed recapitalisation of the Company announced on 24 April 2025, including the proposal to issue warrants ("Warrants" and the "Warrant Issue") in accordance with the Norwegian Public Limited Liability Companies Act Section 11-12 to existing shareholders as of the date of the extraordinary general meeting, conditional upon completion of the recapitalisati...
Prosafe SE: Notice of Extraordinary General Meeting to be held on 16 M...
Prosafe SE: Notice of Extraordinary General Meeting to be held on 16 May 2025 Prosafe SE (the "Company") refers to the announcement published on 24 April 2025 in connection with the proposed recapitalisation of the Company (the "Transaction"). An Extraordinary General Meeting of the Company will be held on 16 May 2025 at 13:00 CEST to pass resolutions required for the completion of the Transaction. The notice of the meeting, together with attendance and proxy forms are attached hereto. The Extraordinary General Meeting will be arranged virtually through Lumi. All documents to be proc...
- 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
ENI capex cut but maintains shareholder returns
Driven by macro headwinds and uncertainty around trade tariffs, ENI was the first large oil company to introduce capex cuts for 2025, contributing to a more challenging business environment for oil services. Over the past five years, we estimate ENI to have been the oil major with strongest offshore spending growth, and it has been considered active and opportunistic while others have been more conservative. Hence, we see its reduction as a soft datapoint for oil services. ENI has optimised its ...
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.
Prosafe SE: Update on Recapitalisation
Prosafe SE: Update on Recapitalisation Prosafe SE ("Prosafe" or the "Company") is pleased to announce that it has agreed the terms of a recapitalisation (the “Transaction”) with lenders representing the Company's USD 250 million loan facility and its USD 93 million loan facility (the “Existing Facilities”), subject to final approvals being obtained by all lenders. The Transaction is also supported by shareholders representing 54% of the shares in the Company. The Transaction involves the equitisation of USD 193 million of the Existing Facilities in return for 90% of the shares in Prosafe p...
Prosafe SE: Operational update – March 2025
Prosafe SE: Operational update – March 2025 22 April - Fleet utilisation for March 2025 was 52 per cent. Safe Zephyrus operated at full capacity during March, achieving 100 per commercial uptime. Safe Notos and Safe Eurus, both had 99 per cent commercial uptime in March. Safe Concordia operated at full capacity on the days she was in operation. The vessel was transferred to the new owner on March 13, 2025. Safe Caledonia has commenced reactivation activities in Scapa Flow, UK, and will mobilise to the Captain Field, UK, by 01 June 2025. Safe Boreas is in Norway preparing for ...
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 213,960 IPC common shares (ISIN: CA46016U1084) during the period of April 14 to 21, 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 Regu...
- Martin Huseby Karlsen
Welcomed tender from Petrobras
Updates suggest Petrobras yesterday launched a new tender for “one or more” deepwater rigs for the Buzios field starting late-2026/early-2027. As it has been a while since the last Petrobras tender, and there has been uncertainty related to the timing of upcoming tenders, we believe a new Petrobras tender would offer relief for investors. As we count nine rigs already contracted with Petrobras to match the start-up window, we expect the requirement would be filled by rigs already in the country,...
- Martin Huseby Karlsen
Looking at required day-rates
Although there are several ongoing deepwater tenders, the lack of recent deepwater fixtures has created uncertainty among investors related to day-rates. Consequently, we have analysed the required day-rates to support current share prices and valuations. Given the high operating leverage and multiple variables involved (utilisation, lifetime and cost of capital), we estimate the sector requires 7G drillship day-rates from the mid-USD300k and above to support the current share prices.
Hexagon Purus receives first order from MCV for delivery of hydrogen ...
Hexagon Purus receives first order from MCV for delivery of hydrogen fuel storage systems (Oslo, 15 April 2025) Hexagon Purus, a world leading manufacturer of zero emission mobility and infrastructure solutions, has received its first purchase order for the delivery of next generation hydrogen fuel storage systems from MCV, a leading bus manufacturer in Middle-East and Africa, worth approximately EUR 2.4 million. Hexagon Purus’ hydrogen fuel storage systems will be delivered in 2025 for use onboard MCV’s hydrogen fuel-cell electric buses targeted for the European public transportation mar...
- ABGSC Capital Goods Research
- Åsne Holsen
- Daniel Vårdal Haugland
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 277,060 IPC common shares (ISIN: CA46016U1084) during the period of April 7 to 11, 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 Regul...
- ABGSC Capital Goods Research
- Anders Idborg
- Karl Bokvist
- Lara Mohtadi
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.
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
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