Foto: Carsten Rehder/AP/Ritzau Scanpix

Oil companies’ upturn expected to spread slowly to drilling

Oil companies are on the road to recovery thanks to rising oil prices, but their appetite for new investments is restrained. As a result, the troubled drilling sector must exercise patience as it waits for activity levels to improve, two stock market analysts tell ShippingWatch.

Nordkraft hit hard by tough 2020

Nordkraft and Hålogaland prepared the merger since 2019 and closed the deal in October last year | Foto: PR / Nordkraft

Due to low power prices, the Norwegian power company exited 2020 down NOK 141.04m. But Nordkraft's merger with Hålogaland is providing some respite and hope for a better 2021.


NKT lays off staff in Denmark

The Danish cable manufacturer relocates part of its domestic production to Poland and in the process lays off 59 employees.

Earlier this week, CDU and the Greens formed a coalition government in the state of Baden-Württemberg. On a national level, the Greens currently look set to become the country's biggest political party. | Foto: THOMAS KIENZLE/AFP / AFP

Germany to be climate-neutral by 2045

The German federal government is planning to announce a new national goal next week to reduce greenhouse gas emissions 65 percent by 2030, reports Der Spiegel.

Total resumes LNG project

After a year's Covid-induced delay, the French oil firm resumes its efforts to establish an LNG venture in Papua New Guinea.

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