Ørsted Danish offshore wind giant Ørsted is cutting jobs and exiting several markets after a “substantially challenging” 12 months and massive impairments and additional costs related to its US offshore projects. Ørsted said Wednesday it […]
German Chancellor Olaf Scholz seems optimistic that his governing coalition — comprising his center-left Social Democrats, the Greens and neoliberal Free Democrats — will push ahead with the country’s energy transition. He remains optimistic despite Germany’s budget problems, despite growing […]
Wind firm Orsted will present its new strategy on Wednesday Company faces dilemma of cutting targets or raising capital Cutting dividend, asset sales could restore confidence -analysts COPENHAGEN, Feb 2 (Reuters) – Orsted (ORSTED.CO), opens new […]
Dozens of British wind farms run by some of Europe’s largest energy companies have routinely overestimated how much power they’ll produce, adding millions of pounds a year to consumers’ electricity bills, according to market records […]
Energy regulator Ofgem is investigating the claims that wind farms may have incorrectly added close to £51m to taxpayer bills since 2018. A Bloomberg report found that 40 out of 121 studied projects overstated their output by […]
AmericasOffshore Paratus Paratus Energy Services has secured a one-year contract for the Titania jack-up for work offshore Mexico. The new contract will contribute around $55m in backlog and is expected to begin around mid-February 2024. […]
CrossWind Google has penned its biggest deal yet to purchase offshore wind power for its data centers in Europe. The tech giant has signed up to offtake 478 MW of two wind farms off the […]
In a vote earlier this month that attracted cross-party support, Norway’s parliament voted 80-20 to approve a government proposal to open a vast ocean area for commercial-scale deep-sea mining. It makes the northern European country […]
BOEM The US authorities have given the final two major federal approvals required for the start of construction work on Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project, the largest approved offshore wind […]
EuropeOffshore Saipem Woodside has been forced to stop installation of an offshore gas pipeline on its $12bn Scarborough gas project after an incident on Saipem’s Castorone pipelayer punched a hole in the pipeline. According to […]
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