Norsk Hydro
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07 ноября 2017, 21:05

Norsk Hydro in ‘biggest’ deal to secure wind farm energy

Aluminium group reserves power from new Swedish project funded by Macquarie and GE

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07 ноября 2017, 10:45

Norway's Oil Sector Faces Existential Crisis

Authored by Tsvetana Paraskova via OilPrice.com, Oil companies have recently focused on frontier exploration drilling in the Barents Sea offshore in Norway, neglecting the powerhouse of the Norwegian oil industry, the North Sea. Exploration activity in the North Sea - the most mature area of Western Europe’s biggest oil producer - is at an 11-year low this year, which is a concern for the industry’s regulator, the Norwegian Petroleum Directorate (NPD). “That worries me,” NPD Director General Bente Nyland told Bloomberg in a recent interview, voicing the industry concern that without new oil discoveries, especially in mature areas with well-connected infrastructure, the decline in Norway’s oil production would be even bigger than expected. Following a continual decline between 2001 and 2013, Norway’s crude oil production rose last year for the third year running, but according to the Norwegian Petroleum Directorate (NPD), oil production this year would be nearly half the volume from the peak in 2000-2001. Two huge fields discovered in 2010 and 2011, Johan Sverdrup in the North Sea, and Johan Castberg in the Barents Sea, are expected to start operations in 2019 and 2022, respectively, and will lift Norway’s oil production in the early 2020s compared to expected declines in 2018 and 2019. But after 2025, production and activity are expected to significantly drop off unless there are new discoveries, according to oil major Statoil. Norway’s Ministry of Petroleum and Energy, and NPD say: “Production from new fields that come on stream will compensate for the decline in production from ageing fields. However, in the longer term, the level of production will depend on new discoveries being made, the development of discoveries, and the implementation of improved recovery projects on existing fields.” Encouraged by recently opened areas and potentially huge yet-to-be-discovered resources, oil companies launched a record exploration drilling campaign in Norway’s Barents Sea this year. But the drilling campaign was a flop, and even the most promising wildcat yielded no oil. Companies are vowing to return next year for more exploration in the frontier regions, but they’ve been neglecting the North Sea—the most mature area where Norway’s petroleum history began, and which made the country one of the world’s richest. The North Sea is still the powerhouse of Norway’s oil with 62 fields in production as of the end of 2016, compared to 16 fields in production in the Norwegian Sea and two fields—Snøhvit and Goliat­—in the Barents Sea.   This year oil companies drilled a record number of wells in the Barents Sea, which is thought to hold 49 percent of Norway’s undiscovered resources, while the North Sea has 24 percent of undiscovered oil and gas, and the Norwegian Sea 27 percent. The North Sea’s huge fields have pumped oil and gas for decades and are now maturing. Therefore, Norway needs to add more resources in the North Sea before some of the existing infrastructure, including platforms, is folded and decommissioned, according to NPD’s Nyland. In an overview of the Norwegian Continental Shelf for 2016, Nyland pointed to “a great deal of uncertainty associated with exploration activity going forward.” “It is very important to maintain exploration activity at a high level in order to maintain stable production in the future,” she said.   The Barents Sea was a large part of exploration activity this year, but results were underwhelming. “Exploration drilling in the Barents Sea in 2017 and 2018 will help clarify future opportunities in the Barents Sea and the Norwegian continental shelf,” Statoil says, but its chief executive Eldar Saetre also points out that the industry needs to heed what NPD’s Nyland has been saying about neglecting the North Sea.   “If we continue to see a trend where we’re not making bigger discoveries, we will have to search more in mature areas,” Saetre told Bloomberg in an interview. “This is an important issue,” he added. As juicy as it sounds, the Barents Sea holds nearly half of Norway’s undiscovered resources, but the North Sea has the developed infrastructure to link new discoveries to existing fields and make even smaller new finds commercially viable when linked to producing areas. So, returning to the old stomping grounds may ultimately pay off.

21 сентября 2017, 17:56

Zacks.com featured highlights include Build-A-Bear Workshop, Kura Oncology, Norsk Hydro, Schnitzer Steel Industries and SYNNEX

Zacks.com featured highlights include Build-A-Bear Workshop, Kura Oncology, Norsk Hydro, Schnitzer Steel Industries and SYNNEX

20 сентября 2017, 17:49

5 Stocks in Limelight on New Analyst Coverage

Increased analyst coverage over the last few weeks might translate into solid price appreciation for these stocks.

07 августа 2017, 19:35

Repsol, Statoil Pull Foreign Oil Workers From Venezuela

One day after Venezuela allegedly squashed a "military rebellion", in anticipation of further political and social turmoil in the socialist nation, energy giant Repsol SA pulled all foreign workers from its fields in Venezuela, Bloomberg reports adding that Norway’s Statoil ASA also removed all expat staff. According to Bloomberg, Repsol field workers left the country in the past few weeks, with a skeleton expatriate staff remaining at the company’s offices in Caracas. Separately, Statoil withdrew its last three foreign workers before the July 30 election to ensure their safety, Erik Haaland, a company spokesman, told Bloomberg by phone. The immediate result of the departures will be an even bigger decline in Venezuela's oil output - the only remaining asset which Maduro can readily exchange for dollars - further exacerbating the country's financial crisis as the inflow of hard currency slows further. The departure of workers will be a concern to the government because oil output, which has tumbled over the past two years, accounts for 95 percent of Venezuela’s foreign-currency earnings. Repsol gets about 10% of its production from the country, where it owns a stake in the Carabobo heavy-oil field. The Spanish company also is a partner in the Perla project, Latin America’s largest offshore gas deposit, together with Eni SpA. A spokesman for Rome-based Eni said the company is keeping only essential expatriate personnel in the country. It isn’t currently considering an evacuation but continues to monitor the situation, he said. In what some may consider employee discrimination, Repsol said it still has Venezuelan citizens working at its operations without specifying how many foreign staff had been in the country. Statoil also still has Venezuelans - but not foreigners - at its sites, Haaland said. As a reminder, the violence in Venezuela escalated sharply ahead of the July vote to elect members of the constituent assembly, with the opposition denouncing the move as a power-grab by President Nicolas Maduro. While the election faced accusations of fraud, including from the company that provided voting machines for the ballot, the new assembly convened last week. One of its first actions was to remove chief prosecutor Luisa Ortega Diaz, the highest-ranking member of Maduro's administration who broke rans with the authoritarian and was critical of the government.

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28 июля 2017, 21:00

Oil & Gas Earnings Expectations Are Collapsing

Much of the recent ebulient narrative about equity markets has been based on the promise of an earnings rebound - due to beneficial comps in the oil & gas sector. That narrative just hit a wall... As Bloomberg notes, analysts haven’t rushed to upgrade their outlook on earnings per share at Europe’s biggest energy companies, even as Royal Dutch Shell Plc, Total SA and Statoil ASA beat estimates for a second straight quarter. With crude below $50 a barrel, analysts cut their EPS predictions to the lowest since November. Concerns that rising global production will continue to weigh on oil prices are keeping those numbers in check, according to MPPM EK and Saxo Bank A/S.

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10 июля 2017, 16:25

Norsk Hydro станет полноправным владельцем Sapa

Норвежский производитель алюминия Norsk Hydro договорился о приобретении у своего партнера Orkla 50%-ной доли акций совместного предприятия Sapa, которой он пока не владеет. Стоит отметить, что в рамках сделки производитель алюминиевой продукции Sapa был оценен в 27 млрд норвежских крон ($3,2 млрд). В результате сделки, завершение которой запланировано на текущий год после получения одобрений соответствующих регулятивных органов, Norsk Hydro станет полноправным владельцем Sapa. Заметим, что в 2016 году продажи Sapa составили 53 млрд норвежских крон.

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10 июля 2017, 12:42

Norsk Hydro agrees $3.2bn deal for aluminium producer Sapa

Purchase of remaining 50% stake part of European consolidation amid China supply glut

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10 июля 2017, 11:01

Norsk Hydro станет полноправным владельцем Sapa

Норвежский производитель алюминия Norsk Hydro договорился о приобретении у своего партнера Orkla 50%-ной доли акций совместного предприятия Sapa, которой он пока не владеет. Стоит отметить, что в рамках сделки производитель алюминиевой продукции Sapa был оценен в 27 млрд норвежских крон ($3,2 млрд). В результате сделки, завершение которой запланировано на текущий год после получения одобрений соответствующих регулятивных органов, Norsk Hydro станет полноправным владельцем Sapa. Заметим, что в 2016 году продажи Sapa составили 53 млрд норвежских крон.

07 июня 2017, 10:22

Европейские рынки акций упали во вторник 2-ю сессию подряд

Европейские фондовые индексы упали по итогам торгов во вторник второй день подряд в ожидании парламентских выборов в Великобритании и показаний экс-директора ФБР Джеймса Коми, уволенного президентом США Дональдом Трампом.

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13 апреля 2017, 00:55

Industrials Rise to the Top: 5 Best Stocks in the Sector

We have picked five stocks from the industrial sector based on their favorable ranking, growth projections and impressive returns.

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23 марта 2017, 15:57

Why Norsk Hydro (NHYDY) Could Be a Potential Winner

Norsk Hydro (NHYDY) sees solid estimate revisions, but seems to be overlooked by the investors.

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04 февраля 2017, 02:10

All-Time Record Earnings in Q4

All-Time Record Earnings in Q4

22 декабря 2016, 17:30

Zacks Industry Outlook Highlights: Rio Tinto, Vale S.A, Alcoa, Century Aluminum and Freeport-McMoRan

Zacks Industry Outlook Highlights: Rio Tinto, Vale S.A, Alcoa, Century Aluminum and Freeport-McMoRan

21 декабря 2016, 21:54

Industrial Metals Stock Outlook - December 2016

Industrial Metals Stock Outlook - December 2016