A court has ruled that Equinor did not have the right to terminate a drilling rig contract prematurely. Now the Norwegian oil major must pay a large fine to the Chinese company, reports Dagens Næringsliv.
BY KATRINE GRØNVALD RAUN, SHIPPINGWATCH
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The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.
Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.