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Esvagt looks to expand fleet after large capital injection

The fresh capital from the owners of Danish carrier Esvagt will be spent buying new wind vessels. "We expect that offshore wind will make up 40-50 percent of revenue within approximately three to four years," CFO René Just tells EnergyWatch sister site ShippingWatch.

Photo: MHI Vestas

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Statoil books best quarter in four years

The stable and recently rising oil price has spelled good news for Norwegian giant Statoil, which emerged from the first quarter with strong revenue. (Article updated)

Ørsted takes over British battery project

The Danish utility wants to join the club of battery owners in the UK and will now follow in the footsteps of firms such as Centrica, EDF and E.on, as the firm plans to have a 20 MW project near Liverpool.

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