The second quarter looks set to be better than feared for Norwegian oil service company Kvaerner. Despite a big drop in the oil price during the spring, the company now expects a "significant improvement" in results.
It's an important step in the green energy transition that solar plants can now be financed using affordable mortgage loans. The market is expected to reach a double-digit DKK billion value in a few years.
After many years with Maersk Oil and Total, Patrick Gilly is drawn to the green energy transition. He now establishes his own consulting firm to energy sector players while looking back on his time as Danish E&P director with only one regret: the criticism.
The supermajor is to purchase biogas from Danish company Nature Energy in a deal that the parties say is the biggest of its kind. The long-term contract will both open up to and finance new biogas facilities internationally, says Nature Energy CEO Ole Hvelplund.