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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Equinor ASA    EQNR   NO0010096985

EQUINOR ASA

(EQNR)
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Delayed Quote. Delayed Oslo Bors - 08/16 10:25:26 am
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Equinor : IMCA Holds Highly Successful Annual Seminar

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12/08/2018 | 06:08am EDT

LONDON, England, Dec. 7 -- The International Marine Contractors Association issued the following news release:

* * *

- Inspirational speakers captivate an audience of 300 delegates from across the industry

The International Marine Contractors Association's (IMCA) Annual Seminar was enthusiastically greeted by delegates in a packed theatre at The World Forum in The Hague last week. Nearly 300 managers and executives from across the globe attended the two-day sell-out Seminar with its theme 'Working together - getting back to business: Oil companies and contractors finding new ways of working'.

The Seminar brought together an impressive line-up of speakers with senior executives from operating companies BP, Equinor, Neptune Energy and Shell; leading contractors in the industry, including Allseas, McDermott, and Subsea 7; and speakers from world-leading management consultants Bain & Company and Boston Consulting Group.

The Seminar was opened by IMCA's President, Iain Grainger of McDermott. He spoke of current trends and challenges, of the need for collaboration between oil companies and contractors; and the need to be competitive against onshore shale.

Speaking of the transformation within the industry, he highlighted how IMCA has become leaner, fitter, retained its strong membership base and is moving quickly forward towards its ambition to be a high-profile influencer and shaper of the marine energy sector.

This ambition was also central to IMCA's CEO Allen Leatt's update on the Association's activities, and its new strategic themes of digitalisation, environmental sustainability and standardisation.

Allen Leatt said: "The Seminar brought together high-profile speakers, with powerful messages on the performance of the industry and successful strategies going forward. The agenda was packed with fascinating detail and well appreciated by our members."

Speakers on the first day included:

* Iain Grainger, McDermott

* Allen Leatt, IMCA

* Peter Parry, Bain & Company

* Ian Silk, Shell

* Harke Jan Meek, Seaway 7

* Andrew Dingee, ADEnterprises

* Aico Troeman, Boston Consulting Group

* Atle Reinseth, Equinor

* Mark Richardson, Neptune Energy

* Stephen Carver, Cranfield University

© 2018 Targeted News Service, source News Service

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Financials (NOK)
Sales 2019 70 924 M
EBIT 2019 15 363 M
Net income 2019 5 812 M
Debt 2019 15 553 M
Yield 2019 0,70%
P/E ratio 2019 86,9x
P/E ratio 2020 73,1x
EV / Sales2019 7,14x
EV / Sales2020 6,32x
Capitalization 491 B
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 23,47  NOK
Last Close Price 147,40  NOK
Spread / Highest target -78,8%
Spread / Average Target -84,1%
Spread / Lowest Target -88,0%
EPS Revisions
Managers
NameTitle
Eldar Sætre President & Chief Executive Officer
Jon Erik Reinhardsen Chairman
Jannicke Nilsson Chief Operating Officer & Executive Vice President
Lars Christian Bacher Chief Financial Officer & Executive Vice President
Anders Opedal Executive VP-Technology, Projects & Drilling
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