Shell books big impairment in Q1

The British-Dutch company books a big post-tax impairment due to the pandemic and oil price war. The coronavirus hit the company especially hard in March, Shell informs.

Ørsted's scrapped project gets new owner


A Canadian company acquires an offshore wind development and bids the former owner adieu while also closing a deal on another project potentially totaling more than a gigawatt in South Korean waters.

Key to Swedish offshore wind soon ready

The Swedish wind sector is preparing to launch into offshore, and the government's parliamentary support parties say that the grid connection fee for offshore wind will soon be removed.


Siemens Gamesa stops sixth factory

After coronavirus infections turned up at yet another Spanish factory and the halt on UK production, more of the OEM's blade factories are idle than in operation. (Updated with a statement from Vestas, 13:57 CET)


Ineos: Of course our finances are strained

Ineos E&P Denmark continually focuses on reviewing costs as the oil crisis develops, says CEO Sebastian Koks Andreassen. He remains confident in the plan for the long-awaited Hejre discovery.


Aker BP will announce redundancies after Easter

Following the announcement that investments will be reduced, employees at Aker BP will be informed how many must leave the company due to lower activity, among other things. This will happen after Easter, and suppliers will also be hit.


Swedish wind sector's rosiest dream turns into nightmare

Finally, Sweden's authorities now announce that they're working to end the national RE subsidy scheme by the end of 2021. The domestic wind sector has long yearned for its discontinuation, but the proposal, however, is useless in its current formulation, says sector lobby.

Aker Solutions CEO saw major pay cut in 2019

After going through an already strained period, oil service firm Aker Solutions has seen a significant downturn in economic activity since the coronavirus broke out, as is evident in the annual report, which also reveals a major pay cut for CEO Luis Araujo.

Wind farm of 160 MW dropped after 14 years of development

Norway's Energy Minister Tina Bru's rejection of Andmyran Vind's postponed commissioning means that plans for a 160 MW wind farm as well as a connected hydrogen plant are now shelved. Developers and local politicians are disappointed and surprised.

Haldor Topsøe aims to cut flaring with new plant

The Danish chemical company will supply technology to a coming facility in Arizona that will convert natural gas into gasoline. The concept can be used for, among other applications, reducing flaring within the oil and gas industry.

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