The Northern Lights project aims to transport CO2 from all over Europe and store it in the North Sea. Led by Equinor and joined by Total and Shell, the joint venture expects to already later this year make the final investment decision on commercial, large-scale carbon capture and sequestration.
Authorities in Norway have now submitted their recommendations for wind turbine policy, entailing items such as more municipal tax revenue, shorter towers as well as the possibility of halting projects in early planning phases.
Spain's EDP Renováveis and French Engie signed an agreement to set up an offshore joint venture, awaited to become a reality during the first quarter.
According to Dagens Næringsliv, Tina Bru of the Conservative Party is to be the new petroleum and energy minister of the Solberg government, after Sylvi Listhaug left the coalition along with the rest of the Progress Party.
Stena Renewable is investing SEK 1.7 billion in Southern Sweden's largest wind farm.
Several fires at the controversial and previously sabotaged Frøya wind farm were set early Friday morning, police report.
2019 was probably the last year to feature a true oil boom in Norway, writes DNB Markets in a new report. After 2020, the bank expects negative development in the scale of investments.
Oil company Aker BP set an output record in the fourth quarter, with oil volumes increasing considerably compared to the preceding quarter. A new massive Norwegian field contributed to the improvement.
The Danish project developer moves forward on the market with fresh investment capital from a new French stakeholder and takes the step toward becoming a bonafide energy company.
Novozymes is banking on larger sales of its yeast product Innova and deeper penetration into the Latin American market creating growth for the bioenergy division in 2020. However, the business area is simply bound to high uncertainty, says CFO Lars Green.
BP's incoming CEO plans to expand the company's climate targets and considers a radical overhaul of the British oil major.
After Norway's Progress Party exited the governing coalition, the country's Labour Party airs plans to block installation of the interconnector to the UK.
The Danish wind OEM has received a 60 MW order from Poland via Eurowind Energy.
Norway's oil major wants to develop an ammonia-fueled offshore vessel in collaboration with Eidesvik Offshore.
The Danish enzyme producer landed an organic growth figure of -1 percent in 2019, significantly below the company's original guidance for the year. The company moreover initiates a share buyback program of EUR 200 million.
The electric car maker exceeds USD 100 billion in market value, becoming the world's second-largest car company, only surpassed by Toyota.
Taiwan's newly reelected political leadership approves investments in coming offshore wind farms.
Gas burned at Danish oil rigs emits 1 million tons of CO2 per year and is not declining in step with actual output. Several sources say green alternatives are available.
The acquisition of an Irish competitor with 11,000 personnel in a landmark transaction doubles Danfoss' hydraulics business and provides access to a strategic key market.
Ørsted's chief executive would rather perform a series of smaller acquisitions worth "hundreds of millions" rather than something big and risky, he tells German financial media.
US-based contractor McDermott, which is responsible for a large part of reestablishing Denmark's Tyra field, filed for insolvency protection Tuesday. "With a big project like Tyra, challenges should be expected," says Total's managing director for E&P Denmark.
The offshore wind turbine maker cuts 21 positions at a blade factory and 27 at a nacelle facility.
The Norwegian-Danish hydrogen firm must increase activity and strengthen its balance even more quickly than expected, Nel writes. The amount of EUR 84.9 million is meant to reinforce the company's position among its competitors.
The power plant producer has signed a deal to build and maintain a biomass boiler in Belgium – which, though, is less than one tenth the capacity of the system initially intended by the customer.
The Danish transportation and logistics company is opening an office in Guyana to benefit from a developing oil market, where Blue Water has collaborated for a few years with ExxonMobil, which has drilled into a big deposit in the country's waters.
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