EnergyWatch

Utilities

Shrimp shut down nuclear plant – twice

One of the world's largest nuclear power plants went offline both on Tuesday and Wednesday last week. The culprit being a ten-legged marine creature only a few centimeters long.

Now Norway fears for its oil output

The challenging staffing situation could end up resulting in failure to maintain crude extraction, according to the latest update on activities in the Norwegian North Sea by the Petroleum Safety Authority.

Ineos: Of course our finances are strained

Ineos E&P Denmark continually focuses on reviewing costs as the oil crisis develops, says CEO Sebastian Koks Andreassen. He remains confident in the plan for the long-awaited Hejre discovery.

Aker Solutions CEO saw major pay cut in 2019

After going through an already strained period, oil service firm Aker Solutions has seen a significant downturn in economic activity since the coronavirus broke out, as is evident in the annual report, which also reveals a major pay cut for CEO Luis Araujo.

Quarantine rules lead to construction halt

Construction of new energy and infrastructure projects has stalled at many building sites in Norway due to quarantine rules, a shortage of international personnel as well as late deliveries.

3 out of 10 Norwegian energy companies expect layoffs

Energy Norway is feeling the effects of the corona crisis, which has halted installation and construction on nearly all projects. 30 percent of Energy Norway's members expect to lay off people, while 48 percent expect to downsize business.

Wintershall Dea continues development of Ravn field

Heavy downgrades don't affect the German gas giant's development plans in Denmark, where a major find is planned to be worked into the development of the Ravn field. The company is also preparing to drill a new well in the North Sea.

Equinor assembles corona crisis team

After several cases with staff either infected or quarantined, Norwegian oil firm Equinor now initiates emergency procedures to handle the consequences of the coronavirus.

RWE shatters guidance with major profit and deficit

The German utility's operating result has far surpassed market forecasts, but RWE still books a red bottom line for its ongoing activities. The sale of Eon, however, more than compensates for the underwhelming post.

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