Baltic boom will turn the offshore wind sector upside down
Poland just hosted the signing of a major offshore wind collaboration with seven other participant nations. The host country will accelerate its own offshore endeavors, and the Baltic region at large will have a bigger piece of Europe's offshore wind market.
Odfjell Drilling beat tough market conditions in offshore to deliver significant growth in earnings in 2020, but the company fears that future financing opportunities are impacted by sliding values and overcapacity.
Denmark's new North Sea energy policy has instilled Wintershall Dea with doubts about its future in the country. The German oil and gas group is currently working to find a solution, says COO Dawn Summers in an interview with EnergyWatch.