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Title : Statoil Or Equinor? Oil And Gas Is Still The Investment Theme -- Michael Fitzsimmons -- March 19, 2018
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Statoil Or Equinor? Oil And Gas Is Still The Investment Theme -- Michael Fitzsimmons -- March 19, 2018

Link over at SeekingAlpha. Summary --

• “Equi” implies equal, equality and equilibrium while “Nor” signals a company proud of its home country origin
• the name change makes sense especially for a European (Scandinavian) energy company looking to become "greener"
• the company says it expects to invest 15%–20% of total capex in new energy solutions by 2030
• however, the investment theme for Equinor continues to be its oil and gas operations

By now you all surely already know that Statoil plans to change its name to "Equinor."

The name is apparently owned by a Oslo-registered veterinarian and is a nod to equality and the company's home country of Norway.

StatOil says it wants to be at the forefront of modern day energy systems and expects to invest 15-20% of total capex to "new energy solutions" by 2030. That's up from ~5% in 2017.

However, the primary investment thesis continues to be the company's oil and gas production growth and specifically exploiting the massive Johan Sverdrup discovery.

Renewable portfolio:

StatOil already has significant wind-energy assets and created the world's first floating wind farm. StatOil says these assets deliver "good cash flows and competitive returns."

Last October, STO announced it was entering the solar energy business in Brazil with an agreement to acquire a 40% share of the 162 MW Apodi solar farm from Scatec Solar, an independent Norwegian solar power producer, for $25 million. The purchase price includes a 50% share in the project execution company, enabling Statoil to participate in building and operating solar projects in the future. Apodi will provide an estimated 160,000 homes with electricity.

But the primary thesis: Johan Sverdrup:

But of course the primary investment thesis for StatOil continues to be development and exploitation of the massive Johan Sverdrup discovery with its 3 billion boe potential. STO has a 40% interest in the field and is the operator. Daily production during first phase estimated at 440,000 bpd with peak production estimated to reach 660,000 bpd. Phase I production is expected to start in late 2019.

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Phantom Touch and Vampire Drain

Also over at SeekingAlpha today -- a must read.

Archived; likely to end up behind a paywall.

http://ift.tt/2dZyQXu

Thus Article Statoil Or Equinor? Oil And Gas Is Still The Investment Theme -- Michael Fitzsimmons -- March 19, 2018

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