Page 33 - Beacon Wind News Today

Equinor ASA: Equinor first quarter 2021 results Equinor (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of USD 5.47 billion and USD 2.66 billion after tax in the first quarter of 2021. IFRS net operating income was USD 5.22 billion and the IFRS net income was USD 1.85 billion. The first quarter of 2021 was characterised by: Strong results due to price recovery, sustained cost improvements and strict capital discipline. Very strong cash flow and a 7.1 percentage points reduction of adjusted ne...

Equinor has reported a lift in adjusted earnings after tax in the first quarter of 2021, compared with the same period in 2020, bolstered by its offshore wind business. Equinor’s renewables business reported adjusted earnings after tax of $1.3bn in the first quarter of this year compared with $13m in the same period last year, which it put down to a “significant gain from farm downs in offshore wind”. The renewables business results contributed to the Equinor group achieving adjusted earn...

Equinor announces first quarter 2021 results 29 Apr 2021 USD 5.47 billion and USD 2.66 billion after tax in the first quarter of 2021. IFRS net operating income was USD 5.22 billion and the IFRS net income was USD 1.85 billion. The first quarter of 2021 was characterised by: Strong results due to price recovery, sustained cost improvements and strict capital discipline. Very strong cash flow and a 7.1 percentage points reduction of adjusted net debt ratio to 24.6%. Solid operational performanc...

Equinor ASA (EQNR) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Equinor ASA (NYSE: EQNR) Operator Ladies and gentlemen, thank you for standing by. Welcome and thank you for joining the Equinor Analyst Call Q1. Throughout todays presentation, all participants [Operator Instructions] I would now like to turn the conference over to Mr. Peter Hutton, Senior Vice President. Please go ahead.SPONSORED: 10 stock...

To embed, copy and paste the code into your website or blog: On March 29, the Biden Administration issued a proposal to significantly boost U.S. investment in offshore wind energy.  In addition to several funding mechanisms, the Administration proposed to designate a significant portion of the shallow water outside New York Harbor off the coasts of New York and New Jersey, called the “New York Bight”, as a priority Wind Energy Area.  The next step is for BOEM to publish a Proposed Sale No...

ExxonMobil has revealed that its capital spending for 2021 will be in the $16-$19 billion range as well as plans to focus on developing technologies to reduce emissions.

Eni has acquired a 20% stake in Dogger Bank A and Dogger Bank B, with both Equinor and SSE selling a 10% interest in the wind farms.

Equinor has closed the agreement to sell a 10% interest in Dogger Bank A (1,200 MW) and Dogger Bank B (1,200 MW) assets to Eni. As part of this transaction Eni has also completed the agreement to purchase a 10% interest in the Dogger Bank A and Dogger Bank B assets from project partner SSE on the same terms.

Equinor and SSE have each completed the sale of 10% interests in both the Dogger Bank A and B offshore wind farms off the east coast of England to Eni. Eni now holds 20% stakes in each project, which both will have capacity of 1.2GW, with SSE Renewables and Equinor each holding 40%. Equinor said the total consideration received at closing is £206.4m, with the SSE deal on the same terms. There is no change to the third phase of the wind farm, 1.2GW Dogger Bank C, with Equinor and SSE each havin...

Italian oil and gas major Eni has completed the acquisition of a 20 per cent stake in the 1.2 GW Dogger Bank A and the 1.2 GW Dogger Bank B offshore wind farms in the UK.