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Fredriksen takes aim at former Seadrill management

In Norwegian business daily Dagens Næringsliv, John Fredriksen lashes out at the former finance division at Seadrill in the wake of the company's current financial dififculties. "We are now once again in a bind because of these finance people," says the shipping billionaire.

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German wind prices rise by one fifth

After dramatic price declines and major criticism of German onshore wind auctions, the average price saw a significant boost in the first auction since the provisional tightening of the rules for citizen projects. Solar power is thus cheaper than wind.

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