Policy & Trading

Japan’s new climate pledge faces a massive hurdle

The East Asian country will need to more than quadruple the pace at which it shuts down coal plants and rapidly ramp up renewable energy capacity over the next decade to meet its new climate pledge to zero out emissions by 2050.

There was a sudden bang, and then the smell of gas

In late May, methane-rich air suddenly poured out of an oil platform far into the North Sea, taking by surprise two employees and oil firm Total. ShippingWatch and EnergyWatch cover the minutes that could have proven fatal.

Vattenfall to sell Berlin's power grid

After Vattenfall last year lost the rights to operate Berlin's power grid, the Swedish utility has offered the state of Berlin a takeover of Stromnetz Berlin, which has operated the city's grid for the past 20 years.

Finnish refinery giant calls Denmark's climate goal a bold bet

As Denmark's plans to cut climate emissions gradually fall into place, it seems the country will bank heavily on future technologies to achieve the 70-percent reduction target, says Finnish Neste, which wants into the former's market by offering a here-and-now solution for transportation.

Transocean gets warning from New York Stock Exchange

Drilling company Transocean has received a warning from the New York Stock Exchange, as the company's equity has been trading below USD 1 for a period of 30 days. The group now has six months to correct the price before its listing becomes at risk.

NKT to reinforce Swedish grid

The Danish cable manufacturer strikes a framework deal with Ellevio on reinforcing and developing the power grid in central Sweden.

Exxon overtaken by greener utility

The world's largest listed oil companies have lost roughly half their value so far this year, while investors move more money toward renewables.

Tyra project suffering increased strain

The virus crisis has put pressure on the establishment of global mega project Tyra Future, says Noreco CEO David Cook, praising the progress made but wanting to avoid additional downscaling in connection with the new facility's production.

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