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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.
Divesting wind assets for large sums and now gaining business force with the integration of Solar Century whets the Norwegian utility's appetite for the coming years.
Even though the OEM has done a fine job handling Covid-19, according to Vestas' CEO, the outbreak that's still affecting the Ringkøbing factory has provided insights on what happens when anti-contagion protocols slacken.
Europe's largest utility has dialed up on investments in the first quarter, which otherwise saw a setback in the company financials. Enel at the same time reports projects totaling 1.8 GW in the US.
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.
In order to really accelerate the energy transition and create a solid value chain for green fuels, subsidies and political measures are needed, says the Norwegian utility.
The new owner is planning to replace the Dutch facility's existing wind turbines with new units.
The agreement between the two utilities leaves each holding 50-percent interest in offshore wind farms Baltica 2 and 3.
China is turning to its state-owned coal power companies to helm the next stage of the country’s renewables push, as the sector becomes less attractive to other investors.
In a joint effort with Hitecvision's green energy subsidiary, Vårgrønn, the Norwegian oil company will offer a bid for rights to develop a major floating wind project in the country's Utsira Nord offshore area.
The Danish insulation producer books decent preliminary figures for the first quarter.
The French oil major has commenced extraction efforts at project Zinia Phase 2 in Angola, which is expected to provide 40,000 bpd as of next year.
The Danish wind turbine manufacturer collects a much-needed order from South America.
The Danish utility's offshore wind ambitions stop at its domestic borders, says CEO Jesper Hjulmand and calls projects Thor and the Baltic energy island natural steps for Andel.
Not just Covid-19 but also bizarre parking and poor weather all put pressure on Vestas' earnings thus far this year. After booking an initial loss of more than EUR 50m, the OEM expects to achieve an approximate operating result of a billion euros.
The oil firm makes a full acquisition of Polish company Wento, becoming owner of a portfolio of solar farms totaling 1.6 GW.
The Norwegian utility has managed to turn things around during this year's first quarter following a horrible 2020.
Solid results in the first three months have the German company predicting a profit growing by another EUR 100m in 2021.
The Danish cable manufacturer relocates part of its domestic production to Poland and in the process lays off 59 employees.
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.
The ongoing rapid electrification means that the world is running out of copper.
Wintershall terminates its contract with Seadrill-operated rig West Mira after the rig has been idled since an accident in March.
The new price target indicates a negative potential of nearly 30 percent compared to the closing price on Wednesday at DKK 248.8.
After a year's Covid-induced delay, the French oil firm resumes its efforts to establish an LNG venture in Papua New Guinea.
"We don't have unlimited resources," says CFO on deprioritization of one of Europe's largest offshore wind markets, where Ørsted has opted out of the latest tender.
High-voltage engineer with the ability for analysis and simulation models Engineer for maturation and design of electrical infrastructure projects Independent and quality-conscious maintenance technicians for compressor station Everdrup 
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