EnergyWatch

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Maersk will spin Drilling off and list it separately

Maersk has now decided to spin off Maersk Drilling as an independent entity that will be listed on then Copenhagen Stock Exchange. The future for Maersk Supply Service remains uncertain, according to Maersk's second quarter interim report Friday. Get an overview of the group's strategy progress here.

Maersk's energy division goes forward in Q2

Maersk Drilling's revenue grew, while Maersk Supply's revenue declined slightly in the second quarter. On the bottom line, the energy division's prior deficit has turned into black figures.

Vestas: We have more levers to pull than our competitors

The Danish wind turbine manufacturer's size and global presence may prove to be a decisive trump card up the sleeve in regard to tariffs, tells Vestas' senior vice president of marketing and communication who adds that the company due to its size also holds more cards than its competitors.

AH Industries to build factory in Taiwan

AH Industries and cooperation partner Yeong Guan Group are building a factory in Taiwan, and a supply agreement for steel and metal components has been entered with Siemens Gamesa.

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EIB provides loan for Nordic interconnector

The NordLink interconnector between Norway and Germany has just received further funding from the European Investment Bank, which has provided a EUR 100 million loan. Sector lobby group Danish Energy remains skeptical of the whole project.

Archer will increase its headcount by 30 percent this year

Oil drilling company Archer, controlled by Norwegian shipping investor John Fredriksen, went forward in revenue in the second quarter. The company plans to hire more people in order to grow the work force 30 percent by the end of the year.

Vestas reports stable prices but downgrades forecast

The price squeeze has stabilized, although at the same, low level seen in recent quarters, says Vestas. That, taken together with uncertainty regarding trade tariffs, has now prompted Vestas to downgrade its forecast for the whole year.

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