Tom Even Mortensen

DNO ASA, the Norwegian oil and gas operator, today reported strong second quarter results with revenue up 37 percent to USD 258 million from the prior quarter and operating profit up 206 percent to USD 86 million, even with the contribution from the transformative USD 1.6 billion acquisition of Sval Energi Group AS in Norway recorded only as from 1 June 2025. Net production during the quarter increased 10 percent to 92,600 barrels of oil equivalent per day (boepd), of which 56,100 boepd from the Kurdistan region of Iraq, 33,300 boepd from the North Sea and 3,200 boepd from West Africa. With the addition of the Sval Energi assets, projected second half 2025 North Sea production is 80,000-85,000 boepd. While months-long repairs are pending and security concerns remain following drone strikes on DNO operated fields in Kurdistan, DNO has ramped up gross production on a test basis to 55,000 boepd, about evenly split between the Tawke and Peshkabir fields. “With strong production and cash generation across the portfolio, we will continue our pivot to delivering increased cash value to our shareholders with stepped up dividends while streamlining and trimming expenditure across the Company,” said Executive Chairman Bijan Mossavar-Rahmani. “We are also focused like a laser on lowering the level and cost of debt,” he added. For the full release, presentation and report, visit www.dno.no

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Equinor has methane and upstream flaring intensities close to zero, considerably lower than the industry average. We aim to keep that level, and monitoring and measuring emissions are important parts of this. Drones are now implemented to increase the quality of reported environmental data.  At Kollsnes in Øygarden, a plant that processes gas from the North Sea and exports it on to Europe, they are up and running.  Drones the size of a seagull travel over the gas plant and the drones collect thousands of data points: gas concentration of methane and CO2.  They also measure wind speed and direction, as well as GPS coordinates and altitude along the flight path. Previously, taking measurements at one of our large facilities could take months, with results ready only after a long wait. Now, thanks to drones operated by our partners, we can complete the work in just four days and have the data almost immediately. This is a major step forward in both efficiency and quality. Thanks to our teams and partners who continue to fly high, by driving change though technology and innovations.   Hege Skryseth

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Aker BP ASA is one of #Europe’s largest independent oil and gas producers and is known for its entrepreneurial spirit and commitment to innovation. Operating exclusively in #Norway, the company produces around 450,000 barrels of oil and gas per day to supply the European market. With a strong focus on efficiency and competitiveness, Aker BP recognised the need to modernise its operations and empower its workforce through cutting-edge technology. This led to a strategic decision to become an early adopter of Microsoft 365 #Copilot, aiming to streamline workflows and foster a culture of intelligent automation. By integrating Microsoft 365 Copilot and Copilot Studio, Aker BP has built #AI #agents that enhance productivity, simplify access to tools, and automate routine tasks. This transformation has enabled employees to focus on higher-value work, while AI handles meeting summaries, report generation, and more. The company’s proactive approach has not only improved operational efficiency but also reinforced its position as a digital leader in the energy sector. The initiative reflects Aker BP’s belief in learning by doing, encouraging staff to experiment with technology in a secure and supportive environment. Looking ahead, Aker BP continues to expand its AI-first strategy, using Microsoft technologies to drive innovation and maintain its competitive edge. The company’s journey illustrates how embracing AI can reshape traditional industries and unlock new levels of performance. To discover how Aker BP is building the future of work with Microsoft 365 Copilot, read the full story here: https://lnkd.in/dSyXKahg #Norway #Energy #Copilot #AI #Agents Ole Henrik Ree Kjetil Skjørvestad Lotte Cornelia Steinseth Zuleyha Karaagac Keila Sangolt Stephen Danelutti Michael Bohlin Kristine Dahl Steidel Péter Kuna

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At this week’s Pareto Securities' Energy Conference in Oslo, CEO Harald Fotland presented our core business and highlighted the importance of chemicals for industries and consumer goods. Key points: 👉 Odfjell has capitalized on strong markets and continues our solid performance 👉 We offer essential transport solutions for global industrial production 👉 Odfjell Terminals provides safe and efficient storage for vital liquids, connecting sea and land at core international shipping hubs 👉 We have high-quality chemical tankers, optimized for serving global markets 👉 Our CoA portfolio is robust and diversified 👉 Spot rates are still above historical average 👉 Geopolitics drives the outlook, and macroeconomic and geopolitical uncertainty define the current market 👉 We continue to strengthen our leading position on energy efficiency "Rest assured, Odfjell keeps a steady course. Our organization has captured the upside of the beneficial market fundamentals, leading to record-strong results and dividends," Harald said. "We have built resilience for the future through the strengthening of our balance sheet and a significant improvement of the COA portfolio. We continue to grow our fleet in a capital-light way, and Odfjell Terminals delivers stronger results through organic growth and performance improvement initiatives."

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Progress Update: Berling’s subsea gas infrastructure nears completion We’re proud to announce a major milestone in #OMV’s Berling offshore gas development in Norway —a project that’s central to our strategy of making #naturalgas a key transitional fuel. With gas set to exceed 60% of our portfolio, Berling plays a vital role in shaping a more secure and sustainable energy future for Europe. In July, we successfully installed a 24-kilometer static umbilical on the seabed at the Berling field. Transported from Newcastle upon Tyne, UK aboard the North Sea Atlantic, this umbilical will enable remote control of future gas from Equinor’s Åsgard B platform. This marks the final major subsea delivery by our trusted EPCI partner TechnipFMC​—bringing us one step closer to first gas production in 2029. 🎥 Watch the vessel mobilization and installation in action

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Equinor Strengthens Strategic Ties with Ørsted Amid Offshore Wind Challenges Norway’s Equinor has announced its support for Danish offshore wind developer Ørsted’s plan to raise $9.4 billion through a rights issue. Holding a 10% stake in Ørsted, Equinor intends to invest up to 6 billion Danish crowns (approximately $941 million) and may nominate a candidate to Ørsted’s board. This move highlights Equinor’s long-term strategic interest in deepening collaboration with Ørsted and its confidence in the future of offshore wind energy across select global markets. The capital raise comes at a challenging time for Ørsted in the U.S., where regulatory hurdles have emerged. The U.S. Bureau of Ocean Energy Management (BOEM) recently issued a stop-work order on Ørsted’s $1.5 billion Revolution Wind project off Rhode Island, citing national security concerns. The decision triggered a significant drop in Ørsted’s share price and illustrates the complexities of developing offshore wind projects under evolving political and regulatory landscapes. Despite these setbacks, Ørsted remains committed to its growth plans, with Denmark’s finance ministry also participating in the rights issue. Equinor’s support is a strategic signal of confidence and reinforces the importance of collaboration between leading players as the offshore wind industry navigates regulatory and market challenges. This partnership underscores the continued momentum in global renewable energy development. #Equinor #Ørsted #OffshoreWind #RenewableEnergy #EnergyTransition #SustainableGrowth

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This tech increases gas recovery on the world's first facility for gas compression on the seabed🌊 Sometimes, the most powerful innovations happen far below the surface—literally: Equinor and partners have rolled out the next generation of subsea compressor modules—boosting gas recovery for the Åsgard field in the Norwegian Sea. This isn’t just a technical upgrade; it’s a leap in resource utilization and long-term value creation.    What It Does: It increases pressure in the pipelines between the wells and the Åsgard B platform.  This helps maintain production from the field as reservoir pressure naturally declines over time.  The compressor modules are installed on the seabed at 270 meters depth, making this a highly advanced subsea engineering solution (and they work kind of like lego bricks!)    Why It Matters: Åsgard was the first in the world to implement gas compression directly on the seabed (starting in 2015).  The system has delivered nearly 100% uptime over 10 years, contributing approximately NOK 175 billion (approx USD 17 bn) in added value.  With phase 2 now complete, the recovery rate from the Mikkel and Midgard fields will reach 90%, unlocking an additional 306 million barrels of oil equivalent.  This technology is a prime example of how deep collaboration and long-term innovation can extend the life of mature fields and maximize resource utilization—critical for both energy security and sustainability. What are your thoughts on this?🏗️

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