EnergyWatch

Foto: Equinor ASA

Equinor has never made this much money

The Norwegian oil giant soars skyward with its best adjusted earnings item on record following a recovery in commodity prices. Though it remains important to monitor fluctuations, CEO warns.

GE loses USD 151m from wind division

Foto: GE Renewable Energy

Uncertainty, supply chain pressure and delays among customers all factor into dwindling profits from onshore wind for the US-based OEM, still showing losses on offshore wind and now downgrading its full-year guidance.

Novozymes upgrades guidance

Foto: Novozymes/PR

Bioenergy division helps boost the Danish enzyme maker in everything from revenue to operations and profit, prompting the firm to raise its full-year guidance.

Pension firm divests coal and tar sands

Neither coal nor oil extracted from tar sands will be be found in Danish pension company Velliv's portfolio now that the company has decided to completely exclude such assets.

Employee of Danish marine fuel supplier charged for corruption in Singapore

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

EU awards big aid for Danish scaled green hydrogen push

The European Union has green-lit millions of euros of subsidy for a 100MW hydrogen project in Denmark with the involvement of several big domestic players. The project is meant to be the enabling stepping stone for GW-scale H2 projects as well as electrolysis at sea.

OX2 lost steam in third quarter

The wind developer announces the sale of a Polish wind farm alongside its third-quarter financials, which are somewhat below level from 2020.

Foto: Wärtsilä

Energy division boosts Wärtsilä

The Finnish firm presents major advancement on all parameters in Q3, in particular the energy division's soaring result and order intake. The company also takes the occasion to present its carbon-neutrality goal for 2030.

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