EnergyWatch

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Aker BP reaches revenue of one billion dollars

Norwegian Aker BP achieved a revenue of one billion dollars in the third quarter and a combined result of USD 123 million after taxes, shows the interim report for the quarter. Rising oil and gas prices boosted the result.

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Siemens Gamesa invests billions in Egypt

With the establishment of a giant blade factory as bait, Siemens Gamesa expects, according to an Egyptian media, that a long protracted GW contract can be signed this year. In the meantime, however, it has secured its largest contract in the country so far.

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Ørsted closer to offshore wind project in the US

With BOEM intending to evaluate the South Fork project, Danish utility Ørsted is one step closer to its first operational project in the US, slated for 2022. Meanwhile, the gates have been flung wide open for floating offshore wind in the country.

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New report clears Einar Aas – collapse did not cause market commotion

Energy trader Einar Aas was not to blame for the sudden fluctuations on the energy exchange in the days leading up to and following his major collapse, concludes Nasdaq Oslo in its most recent surveillance report. The report also rules out any signs of insider trading and rule infringements.

ExxonMobil invests billions in Chinese LNG market

ExxonMobil bridges its billion dollar investment in LNG production around the world with a new import terminal in China, Reuters reports. The american company will also initially end up sidestepping tariffs, the media bureau writes.

Gas giant fined for market manipulation

Vitol is being fined for having purchased gas at artificially low prices on the French wholesale market. Danish Utility Regulator Director General Carsten Smidt says the case is big and important, but the company denies blame.

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LM will help Goldwind enter global market

The turbine blade manufacturer has received its largest contract to date with China's biggest wind turbine producer and will supply blades for installations in China as well as internationally.

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