British Petroleum has hit the 'reset' button on large parts of its commercial basis and will end up a changed company – even if oil prices should suddenly return to their former heights. The firm brought its transformation to life, says analyst.
Aker Solutions' newly formed offshore wind firm plans to establish 1.7 GW in Norway and has found a JV partner to bid alongside in the Scottish licensing round. The company also has eyes on Southern Europe and Asia.
Danish company Green Hydrogen aims to grow its revenue from next to nothing to EUR 600 million. The H2 market is on the brink of massive growth.
The Danish solar and wind developer has secured EUR 96.5 million in financing for a solar project.
The Hungarian oil company lost a third of its adjusted operating result in this year's second quarter.
A new credit facility renders the German wind OEM well-insulated in the face of headwinds from the coronavirus crisis.
Roughly half of MHI Vestas' wind turbines are now installed and generating power at the 731.5 MW offshore wind farm.
Both of the Tyra field's main platforms have now been removed in connection with the reestablishment program. "An important milestone for Noreco," says COO.
Dire times await the oil industry and its personnel, says Rystad Energy senior analyst.
In an attempt to halt the gas pipeline, a German environmental organization files a lawsuit against Nord Stream 2.
Newly established Norlys Energy Trading has, Centrica Energy Trading alleges, illegitimately appropriated proprietary knowledge, and the latter thus takes the former to court.
Prices are weighed down by stagnant negotiations on a new US stimulus package.
Rig company Noble Corp, which filed for Chapter 11 in the US last week, lost a little over USD 1 billion on the bottom line in the first half of the year, during which major impairments strained financials. CEO sees the company making it to the other side "as a stronger company".
The Spanish utility has gained majority control of IPP Infigen Energy after a prolonged bidding war.
The country will limit its oil output by a further 400,000 bpd in August.
The German company is urgently looking to buy more green power and has entered agreements with Statkraft, Vattenfall and RWE.
The French oil and gas supermajor sells several UK fields to Neo Energy. These divestments are yet another step in the company's major cost-cutting plan implemented due to the Covid-19 pandemic.
The wind OEM achieves a milestone of servicing 100 GW turbines, and that's significant, says CEO, as the service book's size is becoming increasingly important.
Ireland's first renewable energy auction allocated far more solar than wind, with the Norwegian utility taking an approximate quarter of the total allotted capacity.
The US' first floating wind project is forecast to come online in 2020 now that a university undertaking is joined by two industrial heavyweights. The endeavor will move forward with small steps, however.
It is realistic that a third of the world's merchant fleet will sail on ammonia in the future, assesses a report by companies Hafnia, Alfa Laval, Vestas and Haldor Topsøe. 120 ports already have the necessary facilities.
4.5 billion boe could lose their value, according to the US oil supermajor.
The British utility's head of renewables has accepted a new top position at Renewables Consulting Group.
The EV maker's stock has soared through the Covid-19 crisis, while the established car industry is still stuck in the muck.
Demand to install offshore wind turbines at sea is far greater than the orderbook for ships that can install the turbines. As such, there is potential in moving in this direction, says Clarksons Platou. The shipbroker has already publicly praised one shipping company for doing so.
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