A new Danish climate policy agreement puts an end to both the 8th exploration tender and further standard solicitations. The entire Danish continental shelf must halt operations by 2050 at the latest, while extra state aid is granted for North Sea CCS.
Fortum plans to go carbon neutral in Europe before 2035 in collaboration with Uniper. Meanwhile, the company plans to do the same globally before 2050.
One of the absolute pioneers within US offshore wind now makes a move to a direct competitor just a few months after he left Ørsted's offshore wind company in the US. We need to be a major player in the offshore wind space, he says.
The Norwegian oil giant and SSE Renewables have sold shares in offshore wind farms Dogger bank A & B to Eni.
Wind service operator Cadeler is headed to the stock exchange in Oslo, and the company now outlines its strengths and weaknesses in a new prospectus. The company also reveals that it is in talks to buy a new ship and new cranes for a total price of USD 400 million.
British Norstar and European Energy team up to develop more than 12 solar projects in the UK.
The most important thing is that framework clarity has been set for the North Sea, says sector lobby Oil Gas Denmark after a broad political majority in Danish parliament agreed to close license tenders and stop all fossil energy extraction by 2050 at the latest.
Wind service operator Ziton plans to buy a ship which the company currently has on a bareboat charter. This happens as a result of the company having been tapped as "preferred supplier" by Siemens Gamesa.
The world's largest commodity trader, Vitol, has reached a settlement with US and Brazilian authorities, in which Vitol pays USD 135 million to end a case concerning bribery in multiple countries.
Oil trading nears USD 50 per barrel after OPEC+ reached a compromise deal. The deal came after a tense split between Saudi Arabia and the United Arab Emirates.
With an investment of more than USD 60 million, Trafigura enters the market for hydrogen fuel cells. Together with a Swiss company, Trafigura establishes a joint venture aimed at helping ocean and shore based sectors reduce their emissions.
Wednesday afternoon, fire broke out at a methanol plant operated by the Norwegian oil giant, marking Equinor's second blaze in only two months.
The utility still doesn't know whether other offshore wind farms will be added the Danish Tax Agency's billion-kroner tax claim, but the group is not concerned about future projects and says the agency doesn't understand the company's business. The case could end up in the Danish supreme court, says BDO chief consultant.
Oil company Ineos now sends an ultimatum to the Danish government: A state-financed pilot phase for CCS undertaking Project Greensand will be decisive, says Ineos CCO Mads Weng Gade in an interview with EnergyWatch.
The Danish utility moves to install a 430 MWAC solar farm in Texas.
Norway wouldn't have been able to take a leading position in CCS if Oslo hadn't conceded to massive state support for the fledgling segment, says the country's state-owned CCS company, Gassnova. Further south, the Danish government says it's already given "enormous aid" to carbon capture and storage.
The IEA reports that energy optimization efforts, a relatively cheap yet highly efficient way to cut emissions, are progressing too slowly, endangering the world's efforts to limit climate change and avoid an catastrophic rise in the average global temperature.
The political route for Norway's CCS engagement is now paved with the state ready with major subsidization.
Oil prices slide Thursday morning on the heels of a dispute between the Organization of Petroleum Exporting Countries, OPEC, and its allies such as Russia about whether to renew the cartel's output cap, introduced at the start of the pandemic.
Aker Carbon Capture and Man Energy Solutions join forces in a collaboration to develop compressor products for CCS.
"There's no vaccine for the planet," says the UN's secretary general in a warning on the global climate crisis.
Danish institutional investor Industriens Pension and solar power developer Better Energy enter a landmark deal worth DKK 4 billion, EnergyWatch's sister media, KapitalWatch, gathers. The idea is to create another growth comet like Ørsted.
Copenhagen Infrastructure Partners and Avangrid nominate the US-based OEM's Haliade X wind turbines, setting their construction plans on hold.
Despite recent news stating the opposite, the contentious gas pipeline's completion remains out of sight, the Danish Energy Agency tells EnergyWatch.
The turbine manufacturer expands a Brazilian wind complex by more than half a gigawatt, bringing the project to a total size of nearly one gigawatt during construction.
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