Norway's Aker Horizons takes over three quarters of Irish onshore and offshore wind developer Mainstream Renewable, which is meant to enable a build-out of 5.5 GW prior to an IPO in 2023.
The IEA has cut its consumption prognosis by 300,000 bpd for the whole of 2021.
Oil major Equinor is considering whether the company should continue as a member of oil association API, which Total recently opted to leave. Maersk Drilling also considers its members as part of an ongoing assessment, the drilling company tells EnergyWatch's sister media ShippingWatch.
Production capacity will be doubled and 20-30 new employees recruited following a new investment in service efforts, the head of Semco's green division tells EnergyWatch.
Tuesday, Norway's government awarded 61 licenses to 30 oil companies.
Bladt hires a new chief legal officer by the name Jens Kristensen to increase its legal focus and strengthen the department, the company states.
Shipping companies and suppliers swarm the trending offshore wind market, which faces significant growth in coming years. Among them is Arne Blystad's OHT, which, however, sees one impediment that risks delaying the boom, CEO tells EnergyWatch's sister media ShippingWatch.
The turbines at US offshore wind farm Ocean Wind will start at 12 MW – with an option to switch to a larger model.
Greenergy selects Haldor Topsøe's technology to convert discarded car tires to low-carbon fuels at an upcoming pyrolysis facility.
US-based asset manager Nuveen has acquired one of Europe's largest renewable fund managers.
Well company Archer bags a five-year deal with Equinor worth NOK 2.5 billion.
Acquiring NBT was meant to serve as Aker's entry into the huge onshore wind market, but the company now withdraws its entire billion-kroner offer.
After succeeding with a large turbine model in Sweden, Siemens Gamesa proceeds to its eastern neighbor with the first order in the country.
Optimism overshadows news of new coronavirus lockdowns across the world, which could otherwise dampen oil demand.
Major Norwegian bank DNB is actively working with Borr Drilling to find a rescue plan to avoid splitting up or divesting the company, the bank tells E24. The update comes a day after Dagens Næringsliv reported on a leaked backup plan from the bank.
Last year's operating result will be higher than expected, while the developer expects to triple the amount of commissioned solar and wind energy for the current year. Annual growth will come to 30-40 percent, says CEO.
US sanctions prompt Swiss firm Zurich Insurance Group to abandon its work in the gas pipeline project.
The French oil firm acquires a 20-percent stake in Adani Green Energy Limited, the world's largest solar developer, while gaining a board seat at the Indian company.
Part of the transaction includes an exclusive, long-term agreement between the two companies for the continued recycling of NKT's cables.
Former US President Barack Obama blocked the plans for Keystone XL during the latter part of his term in office. But the plans for the pipeline were revived during the Trump presidency.
The US oil supermajor is under investigation for having overestimated the value of the Permian Basin in the US, reports Wall Street Journal.
Following Equinor's victory in a US offshore wind tender, Danish tower manufacturer Welcon is set to establish production in the country.
The French oil company can no longer see itself as part of the powerful US oil and gas industry association API.
Shell Energy Europe will purchase energy from company Solaria’s photovoltaic plant in Spain totaling 300 MW in a long-term PPA.
A contract with Total to provide deep-water drilling rigs has now been realized for Maersk Drilling. The contracts are worth around USD 100 million.
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