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Equinor (STOHF) (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of positive USD 0.76 billion and negative USD 0.55 billion after tax in the fourth quarter of 2020. IFRS net operating income was negative USD 0.99 billion and the IFRS net income was negative USD 2.41 billion, following net impairments of USD 1.30 billion and a... Continue Reading →
For the offshore wind industry, 2020 was all about ambitions. Policymakers raised the bar for growth, focusing on job creation amid the offshore wind cost-out and the coronavirus pandemic. Renewables targets were raised and decarbonization plans that span the length of the supply chain were brought forward. This momentum is likely to continue in 2021,... Continue Reading →
Italian engineering and construction services firm Saipem has won a contract worth 460 million euros (around $556 million) to build and install foundations at a wind farm offshore France. The contract, awarded by Eoliennes Offshore du Calvados SAS (EODC) for the Courseulles-sur-Mer Offshore Wind Farm in Normandy, France, is subject to EODC reaching a final investment decision... Continue Reading →
Equinor and bp have completed their previously announced transaction including bp’s $1.1 billion purchase from Equinor of a 50% interest in two major lease areas off the US East Coast. The transaction is the first step in a strategic partnership between the two energy companies to team up for offshore wind projects in the U.S.... Continue Reading →
Floating Power Plant (FPP) and partners Lundin Energy Norway, NOV-APL, Semco Maritime, Cefront Technologies and Aalborg University have completed a project aimed at using floating wind and wave power to support an offshore oil and gas facility. According to FPP, the project shows that using renewable energy can help the oil and gas industry reduce... Continue Reading →
Siemens Gamesa and Siemens Energy have this week announced they'd work together on wind-to-hydrogen projects to help decarbonize the economy "to solve the climate crisis." The companies said they were contributing with their developments to an innovative solution that fully integrates an electrolyzer into an offshore wind turbine as a single synchronized system to directly... Continue Reading →
Norwegian energy company Equinor said it has been selected to provide New York State with offshore wind power in one of the United States' largest renewable energy procurements to date. Under the award, Equinor and partner BP will provide 1,260 megawatts (MW) of renewable offshore wind power from Empire Wind 2, and another 1,230 MW... Continue Reading →
The company announced on Tuesday news of chances in the high command in Brazil. The executive Veronica Rezende Coelho will start as president of the company in Brazil as of February 1st. She will assume the role that is being performed on an interim basis by Leticia Andrade, who has been in command since the... Continue Reading →
Late 2018, before net-zero targets had been agreed to by most western energy giants and nations, BP came out with a goal to reach 100% of subsea inspection by marine autonomous systems by 2025. It was a tangible goal then, and it’s one that might now be reached faster as remote and more “digitally” oriented... Continue Reading →
The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable Market for offshore wind*, shows 322 global projects for December a gain of 28 projects since September, comprising 17,793 individual turbine units representing a CapEx of $505.2 billion. Although Asia Pacific continues to lead Europe in total project count, Europe leads all regions... Continue Reading →
