Welcome to our dedicated page for Linde news (Ticker: LNEGY), a resource for investors and traders seeking the latest updates and insights on Linde stock.
The LNEGY news page aggregates coverage related to Orrön Energy AB, which describes itself as an independent, publicly listed renewable energy company within the Lundin Group of Companies. Company announcements and reports focus on renewable power generation in the Nordics and a growing pipeline of greenfield projects in the Nordics, the UK, Germany, and France.
News items commonly include quarterly and interim financial reports, where Orrön Energy discusses proportionate power generation, electricity price conditions, balancing costs, and the use of financial hedges. These reports also outline how the company presents proportionate financials to reflect its net ownership in renewable assets, including joint ventures and associated companies.
Another recurring category is project development and sales updates. Orrön Energy has announced the sale of solar development projects in Germany, including agrivoltaic (Agri-PV) projects with co-located battery options, and has described agreements with counterparties where consideration is partly contingent on future permitting milestones. The company also issues news on the progress of its UK and German greenfield platforms, such as reaching ready-to-permit milestones, advancing large-scale solar and battery projects through grid reform processes, and securing grid connections for solar and data centre projects.
Additional releases cover corporate governance and shareholder matters, such as Annual General Meeting resolutions, long-term incentive plans, and the composition of the Nomination Committee. Investors and observers can use this news feed to follow how Orrön Energy communicates its operational performance, project pipeline, and corporate decisions over time.
Lundin Energy AB has announced that its subsidiary, Lundin Energy Norway AS, received ten exploration licenses in the 2021 APA licensing round in Norway. This includes six licenses in the North Sea, three licenses in the Norwegian Sea, and one license in the Southern Barents Sea. Lundin Energy Norway will operate five of these licenses. The company aims to enhance its exploration capabilities and strengthen its portfolio in these strategic regions, focusing on economic and sustainable resource development.
Lundin Energy has announced a fourth quarterly dividend installment of USD 0.45 per share, translating to SEK 4.09 per share. The total dividend amounts to MSEK 1,164, approximately MUSD 128. The ex-dividend date is set for January 4, 2022, with a record date of January 5, 2022, and expected payment on January 11, 2022. This dividend follows the previous resolution of USD 1.80 for 2020, disbursed in quarterly installments. The exchange rate used for conversion is 9.0788.
Lundin Energy has announced a merger proposal with AkerBP to create a leading European independent E&P company. Shareholders will receive cash of BUSD 2.22 (approx. SEK 71.0) and 271,910,019 AkerBP shares (0.950985 shares per Lundin Energy share), valuing shares at approximately 279.3 SEK at the close of December 20, 2021. Post-merger, Lundin Energy shareholders will own 43% of AkerBP. The merger is subject to approvals and aims to leverage operational synergies, enhance dividends, and focus on low carbon emissions.
Lundin Energy has successfully completed its acquisition of an additional 25 percent working interest in the Wisting development from OMV (Norge) AS for USD 320 million. This transaction boosts Lundin's stake from 10 percent to 35 percent and adds approximately 130 million barrels of oil equivalent (MMboe) in fully appraised contingent resources. The company has also established a cooperation agreement with Equinor ASA to enhance operational efficiency and establish Lundin as the operator for surrounding exploration licenses.