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Feb 10 (Reuters) - Equinor's international oil and gas portfolio will return to growth in the next few years as the Norwegian energy group targets sharply increased output abroad by 2030, its head of foreign operations told Reuters. After recent divestment of onshore assets in Argentina, Equinor now produces oil and gas in seven countries outside Norway, down... Continue Reading →
Feb. 10 - HydroWing Tidal Energy Projects, part of Inyanga Marine Energy Group, has been awarded a further 10MW for its Ynni’r Lleuad Project at Morlais in Wales in today’s announcement of the UK government’s Allocation Round 7a (AR7a) Contracts forDifference (CfD) awards. This additional capacity builds on the 20MW already awarded to HydroWing through earlier rounds... Continue Reading →
Feb. 10 (Reuters) BP posted quarterly profit in line with analyst expectations on Tuesday and suspended its share buyback programme as it wrote down around $4 billion in its renewables and biogas businesses. BP, whose new CEO Meg O'Neill will start in April, said it would allocate the excess cash to invest in oil and... Continue Reading →
Feb 6 (Reuters) - Denmark's Orsted reported sharply higher fourth-quarter cash flow and a bigger-than-expected reduction in debt, as the group boosts its balance sheet to navigate U.S. President Donald Trump's clampdown on offshore wind. Orsted expanded rapidly over the past decade, but more recently faced higher costs from supply chain disruption and inflation, and faces regulatory... Continue Reading →
Jan 23 (Reuters) - European governments including Germany, Britain and Denmark will reinforce their plans to massively expand wind power projects on Monday, despite U.S. President Donald Trump stepping up criticism of their green energy agenda, a draft declaration due to be signed by government leaders showed. Trump has been openly critical of European countries'... Continue Reading →
Jan 16 (Reuters) - JERA Nex BP will buy its partner EnBW's stake in the Mona offshore wind project and has signed a lease agreement for the British facility, it said on Friday. The move comes a day after German utility EnBW said it would take a 1.2 billion euro ($1.39 billion) impairment charge after pulling out of... Continue Reading →
Dec. 1 (offshoreWIND.biz) The joint venture (JV) between Nadara and BlueFloat Energy has confirmed to offshoreWIND.biz that Nadara will acquire BlueFloat’s stake in the JV’s floating offshore wind projects in the UK and Italy, and become their sole owner. “Nadara has reached an agreement with its joint venture partner BlueFloat Energy, to acquire its 50% stake... Continue Reading →
Dec. 1 (splash247.com) Seatrium has escalated its dispute with Maersk Offshore Wind’s affiliate Phoenix II, launching arbitration over the abrupt cancellation of a near-complete wind turbine installation vessel (WTIV) originally contracted at $475m. The Singapore yard filed its notice of arbitration on 28 November under London Maritime Arbitrators Association terms, seeking a ruling that Phoenix... Continue Reading →
Nov. 19,(offshoreWIND.biz) Ocean Winds has secured the third floating offshore wind site in the Celtic Sea, offered through the Crown Estate’s Round 5 auction earlier this year. The developer is joining Equinor and the Gwynt Glas joint venture, which were awarded rights for two of the three sites offered in Round 5 in June. On... Continue Reading →
Nov 3 (Reuters) - Denmark's Orsted said on Monday it agreed to sell a 50% stake in Britain's Hornsea 3 offshore wind farm for 39 billion Danish crowns ($6.09 billion), widely regarded as a crucial move to prevent a crippling credit rating downgrade. Orsted, the world's largest offshore wind developer, seeks to restore investor confidence as... Continue Reading →
Brazil Energy Insight 