BW Offshore impairs further and plans to invest in offshore wind

BW Group's offshore company booked further impairments on its fleet in the fourth quarter due to market uncertainty. But the company also plans to invest in offshore wind.

Photo: PR / BW Offshore

BW Offshore books an impairment on its fleet of floating production storage and offloading (FPSO) vessels of USD 59.6 million in its financial report for the fourth quarter.

The impairment is the result of continued uncertainty about the oil market and oil prices, reports Finansavisen.

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