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Equinor (EQNR) & Polenergia Transform Baltyk 1 With RockWave
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Equinor ASA (EQNR - Free Report) and Polenergia have joined forces with RockWave to enhance subsurface data for the 1,560 MW Baltyk 1 offshore wind farm in Poland. The contract focuses on reprocessing sparker ultra-high resolution seismic data, aiming to optimize subsurface imaging crucial for upgrading engineering ground models and wind turbine foundation designs.
This newly processed data is expected to play a pivotal role in upgrading the engineering ground model and wind turbine foundation designs for Baltyk 1 wind farm, providing a more accurate understanding of the subsurface conditions.
Matt Swan, co-founder and managing director of RockWave, highlighted the importance of this contract, emphasizing their proficiency in delivering advanced seismic solutions tailored to the specific requirements of renewable energy sector. He expressed their commitment to aiding Equinor and Polenergia in realizing their goal of sustainable energy production and minimizing project risks through superior subsurface imaging.
Baltyk 1 offshore wind farm is strategically located on the border of Poland’s exclusive economic zone near the municipal commune Leba in Pomorskie Province. Positioned 81 kilometers from the port of Leba, with a water depth in the range of 25-35 meters, this offshore wind farm holds immense potential for clean energy production.
The Baltyk 1 project is part of a trio of developments jointly undertaken by Polenergia and Equinor in Baltic Sea, the other two being Baltyk II and Baltyk III. Both Baltyk II and Baltyk III boast a capacity of 720 MW each, contributing to a combined total installed capacity of 3 GW when considered alongside the 1,560 MW Baltyk 1 project.
Anticipated to commence production as early as 2027, Baltyk II and Baltyk III are expected to reach the commercial stage of their use a year later, showcasing rapid progress and commitment to Baltic Sea region's renewable energy goals.
Sunoco is among the biggest motor fuel distributors in the U.S. wholesale market in terms of volumes. By distributing more than 10 fuel brands via 10,000 convenience stores under long-term distribution contracts, the partnership will continue to generate stable cash flow.
The Zacks Consensus Estimate for SUN’s 2024 EPS is pegged at $4.89. The stock has witnessed upward estimate revisions for earnings for 2024 and 2025 in the past 30 days.
Murphy USA is a leading independent retailer of motor fuel and convenience merchandise in the United States.
The Zacks Consensus Estimate for MUSA’s 2024 EPS is pegged at $25.58. The company has a Zacks Style Score of B for Growth and B for Value. It has witnessed upward estimate revisions for earnings for 2024 and 2025 in the past 30 days.
Energy Transfer is a publicly traded limited partnership focused on diverse energy assets in the United States. The company’s core operations involve natural gas midstream services, transportation, storage, crude oil facilities and marketing assets.
The Zacks Consensus Estimate for ET’s 2024 EPS is pegged at $1.44. The company has witnessed upward estimate revisions for 2024 earnings in the past 30 days. ET’s 2024 earnings are expected to rise 32.1% from a year ago.
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Equinor (EQNR) & Polenergia Transform Baltyk 1 With RockWave
Equinor ASA (EQNR - Free Report) and Polenergia have joined forces with RockWave to enhance subsurface data for the 1,560 MW Baltyk 1 offshore wind farm in Poland. The contract focuses on reprocessing sparker ultra-high resolution seismic data, aiming to optimize subsurface imaging crucial for upgrading engineering ground models and wind turbine foundation designs.
This newly processed data is expected to play a pivotal role in upgrading the engineering ground model and wind turbine foundation designs for Baltyk 1 wind farm, providing a more accurate understanding of the subsurface conditions.
Matt Swan, co-founder and managing director of RockWave, highlighted the importance of this contract, emphasizing their proficiency in delivering advanced seismic solutions tailored to the specific requirements of renewable energy sector. He expressed their commitment to aiding Equinor and Polenergia in realizing their goal of sustainable energy production and minimizing project risks through superior subsurface imaging.
Baltyk 1 offshore wind farm is strategically located on the border of Poland’s exclusive economic zone near the municipal commune Leba in Pomorskie Province. Positioned 81 kilometers from the port of Leba, with a water depth in the range of 25-35 meters, this offshore wind farm holds immense potential for clean energy production.
The Baltyk 1 project is part of a trio of developments jointly undertaken by Polenergia and Equinor in Baltic Sea, the other two being Baltyk II and Baltyk III. Both Baltyk II and Baltyk III boast a capacity of 720 MW each, contributing to a combined total installed capacity of 3 GW when considered alongside the 1,560 MW Baltyk 1 project.
Anticipated to commence production as early as 2027, Baltyk II and Baltyk III are expected to reach the commercial stage of their use a year later, showcasing rapid progress and commitment to Baltic Sea region's renewable energy goals.
Zacks Rank & Stocks to Consider
Equinor currently carries a Zack Rank #4 (Sell).
Some better-ranked stocks in the energy sector are Sunoco LP (SUN - Free Report) , Murphy USA Inc. (MUSA - Free Report) and Energy Transfer LP (ET - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Sunoco is among the biggest motor fuel distributors in the U.S. wholesale market in terms of volumes. By distributing more than 10 fuel brands via 10,000 convenience stores under long-term distribution contracts, the partnership will continue to generate stable cash flow.
The Zacks Consensus Estimate for SUN’s 2024 EPS is pegged at $4.89. The stock has witnessed upward estimate revisions for earnings for 2024 and 2025 in the past 30 days.
Murphy USA is a leading independent retailer of motor fuel and convenience merchandise in the United States.
The Zacks Consensus Estimate for MUSA’s 2024 EPS is pegged at $25.58. The company has a Zacks Style Score of B for Growth and B for Value. It has witnessed upward estimate revisions for earnings for 2024 and 2025 in the past 30 days.
Energy Transfer is a publicly traded limited partnership focused on diverse energy assets in the United States. The company’s core operations involve natural gas midstream services, transportation, storage, crude oil facilities and marketing assets.
The Zacks Consensus Estimate for ET’s 2024 EPS is pegged at $1.44. The company has witnessed upward estimate revisions for 2024 earnings in the past 30 days. ET’s 2024 earnings are expected to rise 32.1% from a year ago.