The challenging staffing situation could end up resulting in failure to maintain extraction efforts, according to the latest update on activities in the Norwegian North Sea by the Petroleum Safety Authority.
The OEM now tows the national line and reduces activity at its two factories in Spain to an absolute minimum.
The British-Dutch company books a big post-tax impairment due to the pandemic and oil price war. The coronavirus hit the company especially hard in March, Shell informs.
The wind turbine maker continues to announce orders up to the quarterly close and reveals a substantial contract, relative to normal orders from French market.
Denmark's Eastern High Court on Tuesday made a ruling on a claim from Altor and others that the estate's liquidator should be unable to demand compensation for a triple-digit million-dollar claim.
A Canadian company acquires an offshore wind development and bids the former owner adieu while also closing a deal on another project potentially totaling more than a gigawatt in South Korean waters.
E&P oil operators' Capex budgets seem set to hit a 13-year low due to the current crisis, projects analysis firm Rystad Energy.
Trump and Putin have agreed to discuss the possibility of a stabilization of the oil market. This makes the oil prices increase slightly.
OX2 builds the third Swedish wind farm on behalf of Swiss asset manager Fontavis.
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A Chinese investment fund is thinking about buying 10 percent of Indian renewable energy company Greenko Group, sources with knowledge of the matter say.
The Swedish wind sector is preparing to launch into offshore, and the government's parliamentary support parties say that the grid connection fee for offshore wind will soon be removed.
After coronavirus infections turned up at yet another Spanish factory and the halt on UK production, more of the OEM's blade factories are idle than in operation. (Updated with a statement from Vestas, 13:57 CET)
Ineos E&P Denmark continually focuses on reviewing costs as the oil crisis develops, says CEO Sebastian Koks Andreassen. He remains confident in the plan for the long-awaited Hejre discovery.
Equinor projects that oil field Johan Sverdrup can produce more oil faster than expected. Expectations for peak levels in both phases one and two have been raised.
Even though European benchmark crude Brent's price has hit the lowest level seen in 18 years, its value could slide even further, according to Jason Bordoff, former Obama Administration energy advisor. "[It] is not done yet," he says.
The Danish RE developer selects the German-Spanish OEM to supply equipment to a project in Sweden, where the manufacturer's 170-meter rotors will see their first deployment.
Ziton gets new capital from its equity fund owner and asks for deferral on debt totaling close to DKK 1 billion after a challenging 2019. "We've opted to stay abreast of the situation," says CEO.
The Chinese solar module maker launches plans to build the world's largest photovoltaic panel factory with an annual production capacity 60 GW – enough to meet half the global demand.
Following the announcement that investments will be reduced, employees at Aker BP will be informed how many must leave the company due to lower activity, among other things. This will happen after Easter, and suppliers will also be hit.
Finally, Sweden's authorities now announce that they're working to end the national RE subsidy scheme by the end of 2021. The domestic wind sector has long yearned for its discontinuation, but the proposal, however, is useless in its current formulation, says sector lobby.
After going through an already strained period, oil service firm Aker Solutions has seen a significant downturn in economic activity since the coronavirus broke out, as is evident in the annual report, which also reveals a major pay cut for CEO Luis Araujo.
Norway's Energy Minister Tina Bru's rejection of Andmyran Vind's postponed commissioning means that plans for a 160 MW wind farm as well as a connected hydrogen plant are now shelved. Developers and local politicians are disappointed and surprised.
The Danish chemical company will supply technology to a coming facility in Arizona that will convert natural gas into gasoline. The concept can be used for, among other applications, reducing flaring within the oil and gas industry.
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Oil firms have made broad cuts in their planned investments for the year. This has already entailed terminations of contracts with rig companies, and more will follow, analysts predict speaking to Norwegian media.
The OEM will supply 25 wind turbines with a combined capacity of 113 MW.
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