Norwegian floating wind needs billions in public backing

A new report from Norwegian consultancy Menon Economics shows that Norway can create thousands of new jobs by investing in floating wind, but this would require the country to spend NOK 36 billion (EUR 3.6 billion) on two new floating wind farms.


Total sacks fewer than feared in Denmark

Only one tenth of Total's roughly 200 personnel subject to dismissal in Western Denmark were fired, while 106 are leaving voluntarily, and 64 are being moved to other positions within the company.

Cobra Link down after five days


Five days after the power interconnector between the Netherlands and Denmark was opened, an unknown error caused a nearly 16-hour disruption in the cable.

Seadrill CEO wants oil firms to pay higher prices

Seadrill Chief Executive Anton Dibowitz is not happy with the prices oil companies currently offer rig companies. It will take time before the prices correct themselves again, says Equinor's CFO to ShippingWatch.

Seadrill CEO: "As an industry we have let down equity investors"

Despite predictions of better times, stock prices have dropped dramatically in the rig industry during 2019. According to Seadrill's chief executive, Anton Dibowitz, it is up to the industry to prove that it can deliver, he says in an interview with EnergyWatch's sister media ShippingWatch.


BP CEO plans sale of some oil projects to hit climate target

BP Plc’s CEO plans to sell some oil projects and curb the development of others to align its business with the Paris accord, the latest sign climate concerns are starting to impact the investment decisions of the world’s largest fossil fuel producers.

BW Energy is in no hurry with planned listing

BW Energy can afford to wait for the market to improve before listing itself on the Oslo Stock Exchange, CEO tells E24. The company has previously said that it aims for a listing before the end of the year.

French nuclear reactors hit by welding faults

At least a handful of French nuclear reactors are impacted by faulty welding, the country's Nuclear Safety Authority asserts. The problem might potentially involve 20 reactors. The generators pose no danger, producer assures.

EDF acquires German pipeline of 300 MW

The world's largest utility, French EDF, has purchased a pipeline of 300 MW from Altus AG, which will handle development of the projects until construction starts.

Equinor struggles with oil spill

It has proven particularly difficult to clean up the oil spill caused by hurricane Dorian at one of Equinor's platforms by the Bahamas. The company asserts that it is doing whatever it can. But something in the ocean has caught the eye of the oil major.

Grønn Kontakt to charge EVs in Sweden

Norwegian Statkraft and Agder Energi's charging station operator, Grønn Kontakt, now opens its first station in Sweden. The company is counting on explosive EV growth to spill over across the border.

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