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.
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 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.
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.