Danske Commodities

Equinor fourth quarter and full year 2023 results

Retrieved on: 
Wednesday, February 7, 2024
Policy, Growth, Senior, Danske Commodities, Lindworm, RRR, Continental shelf, USD, Henry Hub, Dogger Bank, Tax, BP, Carbon, Use, Investment, NOK, New York Stock Exchange, EQNR, CCS, CO2, Forward, Kilowatt-hour, Sale, NCS, Energy, Empire Wind, Renewable energy

Equinor delivered strong production for the fourth quarter of 2,197 mboe per day, up from 2,046 in the same quarter of 2022, driving production growth for 2023 to 2.1%, above the updated guidance of 1.5%.

Key Points: 
  • Equinor delivered strong production for the fourth quarter of 2,197 mboe per day, up from 2,046 in the same quarter of 2022, driving production growth for 2023 to 2.1%, above the updated guidance of 1.5%.
  • Equinor delivered strong adjusted earnings* of USD 8.68 billion and USD 1.88 billion after tax in the fourth quarter.
  • In the fourth quarter, Equinor recognised net impairments of USD 328 million, mainly related to the announced sale of assets and exit from Azerbaijan.
  • Equinor paid two ordinary NCS tax instalments in the fourth quarter and an extra instalment in October, totalling at USD 7.9 billion.

Equinor Acquires Energy Storage Developer in the US

Retrieved on: 
Tuesday, July 12, 2022
Other Energy, Energy, Danske Commodities, Acquisition, Lifting, Wind, CCS, East Coast of the United States, GW, CEO, Â, Time, United Kingdom, Hydrogen, Growth, Empire Wind, Oil, Renewable energy, Equinor

Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC.

Key Points: 
  • Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC.
  • East Point Energy has a competent team that, since 2018, has matured and divested a number of high-quality, ready-to-build battery storage projects in the US energy market.
  • East Point Energy will become a subsidiary of Equinor with its team continuing to develop the business, as well as adding capabilities to own and operate energy storage projects in the near future.
  • We look forward to a long and successful relationship developing, owning and operating energy storage projects in the US, says Andrew Foukal, CEO of East Point Energy.

Equinor first quarter 2022

Retrieved on: 
Wednesday, May 4, 2022
Roncador Bank, Communication, Investment, Senior, Risk management, NYSE, Tax, Comparison, CO2, Norwegian State Educational Loan Fund, IFRS 16, Renewable resource, NCS, Capital, Gullfaks oil field, OSE, Marketing, IFRS, SIF, Kilowatt-hour, Hammerfest, Sale, Share repurchase, Danske Commodities, CEO, Farm, Annual, Wind, USD, Video game, Petroleum, Renewable energy, Software, Holding company, Coal, Bank, Security (finance), Equinor

Equinor (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of USD 18.0 billion and USD 5.18 billion after tax in the first quarter of 2022.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of USD 18.0 billion and USD 5.18 billion after tax in the first quarter of 2022.
  • The first quarter of 2022 was characterised by:
    The invasion of Ukraine impacting already tight energy markets, increasing commodity prices and volatility.
  • In the first quarter Equinor completed 4 exploration wells offshore with no commercial discoveries and 4 wells were ongoing at quarter end.
  • The first quarter 2022 capital distribution is based on a continuation of high commodity prices from second half of 2021 and strong earnings into first quarter of 2022.

Agillic takes security and compliance to the next level with new VP of Service Operations hire

Retrieved on: 
Wednesday, February 9, 2022
EPrivacy Regulation, Policy, Danske Commodities, Digital Services Act, Danish Data Protection Agency, Growth, Cluj-Napoca, Agilent Technologies, Lingo (VoIP Service operator), Board, IT University of Copenhagen, Director, VP, Knowledge, Master of Science, Privacy, University, Committee, Compliance, Economics, CEO, GDPR, Head, Financial Policy Committee, Association, Communication, Digital Markets Act, Digital, Risk management, Analytics, EU

Now, with the hiring of seasoned Policy Officer Allan Srensen, the company is taking its security measures to the next level.

Key Points: 
  • Now, with the hiring of seasoned Policy Officer Allan Srensen, the company is taking its security measures to the next level.
  • Beginning from 1 March 2022, Srensen will act as the new VP of Service Operations at Agillic, where he will assume the responsibility of service delivery, quality assurance, security and compliance.
  • With this hire, we aim to further evolve security and compliance as an integrated part of our product platform.
  • In his new position as VP of Service Operations at Agillic, he will lead a team of skilled specialists focused on developing security and compliance as a business differentiator to ensure that quality assurance and service operations are fully scalable.

Equinor fourth quarter 2021 and year end results

Retrieved on: 
Wednesday, February 9, 2022
Renewable resource, Risk management, Contract, Growth, Norwegian continental shelf, IFRS 16, PDO, RRR, Use, Comparison, Board, Solution, Investment, Share repurchase, Norwegian State Educational Loan Fund, IFRS, Leadership, Efficiency, Danske Commodities, Technology, Calculated, Hydrogen, Kilowatt-hour, SIF, Forward-looking statement, NYSE, USD, Henry Hub, CPP Investment Board, CEO, Tax, Bacalhau, Society, Wind, Ambition, Anders Opedal, Carbon, Sailor, CO2, Marketing, Continental shelf, Video game, Bookkeeping, Bank, Renewable energy, Coal, Lithium, Cryptocurrency, Security (finance), Equinor, Troll

IFRS net income was USD 3.37 billion in the quarter, compared to negative USD 2.41 billion in the fourth quarter of 2020.

Key Points: 
  • IFRS net income was USD 3.37 billion in the quarter, compared to negative USD 2.41 billion in the fourth quarter of 2020.
  • Following the high results for gas derivatives in third quarter, there has been a negative effect when the volumes have been delivered in the European gas market in the fourth quarter.
  • In 2021 Equinor completed 21 exploration wells with 8 commercial discoveries and 4 wells were ongoing at year end.
  • In addition, the board proposes an extraordinary cash dividend of USD 0.20 per share, per quarter from fourth quarter 2021 to third quarter 2022.

Danske Commodities Expands U.S. Operations with ION Allegro

Retrieved on: 
Thursday, November 7, 2019
Economy, Finance, Money, Danske Commodities, Financial markets, ETRM, Treasury management, Commodity, Margin at risk, Futures contract, Risk, Allegro

NEW YORK, Nov. 7, 2019 /PRNewswire-PRWeb/ --ION, the largest global provider of trading, analytics, and risk management solutions for commodities and treasury management, today announced Danske Commodities has expanded its ION Allegro license to U.S. markets and successfully gone live on the Allegro platform.

Key Points: 
  • NEW YORK, Nov. 7, 2019 /PRNewswire-PRWeb/ --ION, the largest global provider of trading, analytics, and risk management solutions for commodities and treasury management, today announced Danske Commodities has expanded its ION Allegro license to U.S. markets and successfully gone live on the Allegro platform.
  • "As an international energy company, Danske Commodities is exposed to a variety of risks through its daily trading activities," said Jakob Srensen, Chief Risk Officer at Danske Commodities.
  • "In EMEA, Danske Commodities relies on Allegro to support over 9,000 trades per day, and we're excited to help them expand their business into the U.S.," said Frank Brienzi, ION Commodities Chief Executive Officer.
  • "Danske Commodities has implemented a new top-tier ETRM system, Allegro, which has replaced the legacy proprietary solution.