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04/06-2019 18:56:12: (EQNR, EQNR01) Valg til Equinors styre
17/06-2019 07:05:55: (EQNR, EQNR01) Equinor ASA: Notifiable trading
17/06-2019 07:06:20: (EQNR) Equinor ASA: Meldepliktig handel
18/06-2019 07:28:15: (EQNR, EQNR01) Equinors aksjespareprogram viderefordeler aksjer
18/06-2019 07:28:50: (EQNR) Equinor’s share saving plan allocates shares
The Norwegian Petroleum Directorate has reported May production numbers with liquids production down 3.5% YOY, 4.3% below NPD’s forecast, while gas production was up 3.1% YOY, 2.2% below NPD’s forecast. Using NPD’s forecast for June, this implies a 9.5% decrease in liquids production and 3.0% increase in gas in Q2 YOY, versus our estimate for EPN of a 4.2% decrease for liquids and an 8.6% increase in gas. With another month of weak production figures, we see risk of downward revisions to consensus in Q2 (we believe we are broadly in line with consensus).
May production below forecasts . The Norwegian Petroleum Directorate (NPD) has reported May production numbers with liquids production down 3.5% YOY, 4.3% below NPD’s forecast, while gas production was up 3.1% YOY, 2.2% below NPD’s forecast.
Technical problems . The main reason for production in May being below forecast is said to be due to technical problems and maintenance work on some fields. While we note that this can be in non-operated Equinor fields, we note that local newswires suggest there were some technical problems in mid-May on the Oseberg field centre and Veslefrikk, which affected the production (accounts for ~5% of total production on NCS). Equinor holds a 49.3% operating interest share in the Oseberg fields.
Risk of downward revisions . Using NPD’s forecast for June, this implies 9.5% decrease in liquids production and 3.0% increase in gas in Q2 YOY, versus our estimate for EPN of a 4.2% decrease for liquids and an 8.6% increase in gas. We consider the update, with another month of weak production figures, to represent a risk of downward revisions to consensus in Q2.
Equinor capitalizes shares in Lundin Petroleum for increased direct ownership in Johan Sverdrup and a cash consideration
Equinor ASA: Meldepliktig handel
Equinor ASA: Notifiable trading
Equinors aksjespareprogram viderefordeler aksjer
Equinor’s share saving plan allocates shares
Equinors resultater for andre kvartal 2019
Equinor second quarter 2019 results
Equinor ASA: Informasjon angående utbytte for andre kvartal 2019
Equinor ASA: Information relating to dividend for second quarter 2019
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https://www.hegnar.no/Nyheter/Boers-finans/2019/07/Roger-Berntsen-spaar-solid-kursoppgang