Wednesday, February 26, 2020

Nordea News

Vattenfall Launches Maiden Green Bond

Image: Vattenfall

Swedish energy company Vattenfall has issued a EUR500mln green bond, its first such issuance, with the proceeds earmarked for a number of projects, including renewables.The…

Nordea to Boost Finance for LNG Shipping

© Björn Wylezich / Adobe Stock

Nordea Bank aims to increase shipping finance activities to the growing liquefied natural gas (LNG) industry, executives at one of the world's biggest shipping financiers…

Fredriksen's Northern Drilling raises $246 mln

The drilling rig company says raised NOK 2 billion Norwegian crowns ($245.91 million) via private placement of 31.75 mln new shares at a subscription price of NOK 64 per share​.

Offshore Rig Firms See End to Historic Downturn

Aker BP recently awarded a contract worth up to $68 million to Odfjell Drilling for the lease of the semi-submersible drilling rig Deepsea Stavanger in the Norwegian Sea and the Barnts Sea (Photo: Aker BP)

Demand for offshore rig rental globally is starting to recover from its worst ever downturn, led by oil firms' growing demand for harsh-environment exploration and triggering…

New Energy Investment to Sell 1.8% Stake in Dong Energy

(File photo: Dong Energy)

New Energy Investment, indirectly owned by investment bank Goldman Sachs, is selling a 1.78 percent stake in Danish utility and offshore wind farm developer Dong Energy.

DONG to Sell O&G Business to Ineos for $1.3 Bln

File photo: DONG Energy

Danish utility and offshore wind farm developer DONG Energy has agreed to sell its oil and gas business to petrochemicals firm Ineos for $1.3 billion, it said on Wednesday…

Norway's Seadrill Warns of Share, Bond Wipe-Out

Drill rig operator Seadrill warned investors that its shares will lose almost all of their value and its bonds will be hit as the Norwegian company prepares for potential…

Norway Oil Firms Raise 2017 CapEx Forecasts

Norway's oil companies have increased their 2017 investment plans in the last three months, signalling a smaller-than-expected contraction for the industry, a survey…

Norway Proposes Spending Cap for $900 bln Oil Fund

Norway's $900-billion sovereign wealth fund, the world's largest, should shift more of its investments into equities and away from bonds to counter the effects of ultra-low interest rates…

OSV Industry Faces Further Restructuring -Nordea

File Image: a typical offshore support vessel. Much of Harvey Gulf's fleet remains on long term time charter (Image: Harvey Gulf)

Thorodd Bakken, head of Nordea Norway's Corporate & Investment Bank, expects more restructuring to take place in the offshore supply shipping industry in 2017, he told Reuters on the sidelines of a busines

GasLog Mulls Issuance of Bonds

Photo GasLog Ltd

GasLog Ltd. ("GasLog" or the "Company") (NYSE:GLOG) is contemplating the issuance of new five year senior unsecured bonds in the Norwegian bond market. Proceeds will…

DONG Energy Shares Jump after European IPO

Photo: DONG Energy

Shares in DONG Energy jumped more than 10 percent on Thursday after the Danish utility and wind farm developer pulled off Europe's biggest stock market flotation this year.

U.S. Oil & Gas Lenders Demand Liquidity Floors

Banks are increasingly requiring U.S. oil and gas companies to maintain minimum levels of liquidity, an unusual step that could help reduce the risk of being exposed…

DONG Energy Listing to Value Group at up to $16 Bln

Photo: DONG Energy

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but also…

Norwegian Oil Spend to Shrink Further in 2017

Investment in Norway's oil and gas sector, a cornerstone of the country's economy, will continue to fall next year as weak crude prices curb oil firms' spending, a survey…

DONG Energy Set for Europe's Biggest Share Float This Year

Photo: DONG Energy

Danish wind farm developer DONG Energy, which analysts value as high as $13 billion, said on Thursday it plans to list its shares on the Copenhagen stock exchange this summer.

Offshore Supply Ship Market Set for Consolidation

Photo: Farstad Shipping

A glut of offshore supply vessels and falling demand from oil firms will trigger a restructuring of the still-fragmented industry, two of the largest owners of the specialty ships told Reuters on Tuesday.

Stocks Battle Back on Oil Rebound

Oil rallies back above $30 a barrel after overnight drop. Markets went on another rollercoaster ride on Tuesday as hopes that big oil producers may start tightening…

Norway's Offshore Shipping Sector Faces Bleak Year

Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options dwindle…

Norway's PGS Plans Share Issue to Boost Equity

Photo: PGS

Norwegian oil services company PGS said on Wednesday it plans a share issue to boost its equity following a sharp drop in demand. The offshore seismic data collector hopes to sell 21.78 million new shares…