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EnergyWatchThursday2 February 2023

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Foto: Horisont Energi

Equinor pulls out of hydrogen and CCS project

The Norwegian oil company and partner Vår Energi have decided to withdraw from the Barents Blue project, which Horisont Energi aims to continue with new partner.
  • Barents Blue awards contract for extended concept studies
  • Horisont Energi signs MoU on ammonia production with Lhyfe

For subscribers

Foto: René Schütze
Renewables

Orders halved in Europe's wind industry in 2022

Wind lobby WindEurope deems the plunge in orders ”extremely worrying”.
Foto: Ørsted
Utilities

Ørsted CEO pleased with the 2022 result, but not the earnings mix

”Our earnings mix looks quite a bit different from what we had expected,” says CEO Mads Nipper and adds that inefficient hedges are the cause.
Foto: Ørsted / PR
Renewables

11 wind developers back common methodology for calculating carbon footprint

Together with consultancy Carbon Trust, 11 leading developers will jointly draw up a common methodology for calculating life-cycle CO 2 footprint of their offshore wind farms.

For subscribers

Did you read?

Orders halved in Europe's wind industry in 2022

Wind lobby WindEurope deems the plunge in orders ”extremely worrying”.
Foto: Aker Carbon Capture Pr
Cleantech

Aker Carbon Capture inks PtX deal in Finland

The Norwegian company is conducting a pre-engineering study for developing a carbon capture facility in connection with a methanol plant in Finland.

For subscribers

Foto: PR / Statkraft
Renewables

Automaker commissions Spanish solar wind farm

Automaker Ford opens solar wind farm next to its existing Spanish plant. Farm is already producing 4,6 GWh a year.

For subscribers

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Jobs

  • Project Manager - AURA Installation

  • Responsible for MR stations

  • Strategic Business Developer for CO2 and Hydrogen Infrastructure

See all jobs
Foto: Pr / Eolus
Renewables

Glennmont Partners buys two Eolus wind farms in Sweden

Through Glennmont Partners, US-based asset manager Nuveen acquires an onshore wind portfolio with a combined 47MW capacity located in Sweden, with existing PPAs with Statkraft.
  • Eolus forms floating wind partnership to build four Baltic Sea farms
  • Eolus planning 3.5GW in Finland

For subscribers

Did you read?

Vestas suffering from untenably pricey faults

For the twelfth consecutive quarter, the OEM’s volume of warranty provisions exceeded the company target. We can’t live with this, concedes CEO.

For subscribers

Oil & Gas

Marathon Petroleum's Q4 earnings surpassed forecast

The US oil refinery operator nearly quadrupled earnings in the last quarter of 2022.
Foto: Matt Slocum/AP
Cleantech

ExxonMobil planning large-scale hydrogen plant

Oil giant ExxonMobil’s green investment plans are materializing in the shape of a hydrogen factory with an estimated output of 300 million cubic meters of blue hydrogen per day.

For subscribers

Foto: Markus Schreiber/AP/Ritzau Scanpix
Policy & Trading

EU needs EUR 170bn for green technologies

The EU Commission is set to unveil a plan to prevent the EU from being passed over for investments in green energy. However, the source of funding remains unclear.
Foto: Gascade Pr
Policy & Trading

Big plans for European hydrogen pipeline network center around Danish island

Three German TSOs led by Gascade are eager to set up a complex hydrogen infrastructure network that will serve as the backbone of hydrogen transmission in Europe, according to senior project manager.

For subscribers

Did you read?

Ørsted suffers Q4 loss while booking strong full-year profit

The Danish utility books a loss on the bottom line in the fourth quarter, but nevertheless records a full-year profit while paying out record sums to shareholders.

For subscribers

Latest news

  • Ørsted CEO pleased with the 2022 result, but not the earnings mix – 1 Feb
  • Equinor pulls out of hydrogen and CCS project – 1 Feb
  • Orders halved in Europe's wind industry in 2022 – 1 Feb
  • 11 wind developers back common methodology for calculating carbon footprint – 1 Feb
  • Automaker commissions Spanish solar wind farm – 1 Feb
  • Ørsted suffers Q4 loss while booking strong full-year profit – 1 Feb
  • Aker Carbon Capture inks PtX deal in Finland – 1 Feb
  • Marathon Petroleum's Q4 earnings surpassed forecast – 1 Feb
  • Glennmont Partners buys two Eolus wind farms in Sweden – 31 Jan
  • ExxonMobil planning large-scale hydrogen plant – 31 Jan
See all

Jobs

  • Project Manager - AURA Installation

  • Responsible for MR stations

  • Strategic Business Developer for CO2 and Hydrogen Infrastructure

  • Customer Advisors for Utility Products

  • Energy Analyst

  • Do you have an inner Electrician or Utility Operator in your belly?

  • Economist or political scientist with a flair for coordination and secretarial support

  • Director - Project Management (DK)

  • Structured project manager for the integration of renewable energy in the green conversion

  • Manager for facilities and projects

Oil & Gas

ExxonMobil books record result in 2022

US oil and gas giant ExxonMobil makes huge profit off the energy crisis, yet the share price slides nonetheless.
Foto: Tobias Selnæs Markussen
Oil & Gas

Norway's oil fund books record loss

The 2022 loss of EUR 150bn, the biggest in the fund’s history, is primarily attributed to the war in Ukraine, high inflation and surging interest rates.
Nuclear power station in the Belgian city of Tihange. | Foto: Johanna Geron/Reuters/Ritzau Scanpix
Utilities

Belgium shuts down another nuclear reactor

After 40 years of activity, a second nuclear reactor will be terminated in Belgium on Tuesday night.

For subscribers

Most read

  1. 1
    Equinor pulls out of hydrogen and CCS project
  2. 2
    Ørsted suffers Q4 loss while booking strong full-year profit
  3. 3
    Orders halved in Europe's wind industry in 2022
  4. 4
    Ørsted CEO pleased with the 2022 result, but not the earnings mix
  5. 5
    Norway's oil fund books record loss
Foto: Wärtsilä
Cleantech

Wärtsilä books a EUR 200m loss from Russian exit

Even though order books and demand for maritime services were stable last year, Wärtsilä still experienced losses from terminating Russian operations and throttling down production in Italy.

For subscribers

Foto: Jon Nazca
Renewables

EDP to take part in large-scale Andalusian hydrogen project

Spanish Cepsa brings in EDP to help develop up to 1 GW hydrogen project in Andalusian Green Hydrogen Valley.
Foto: Jens Dresling
Policy & Trading

New record for solar and wind energy generation in EU in 2022

The wind and solar energy build-out led to a record-setting year for renewable energy in Europe.
Foto: Jens Hartmann
Policy & Trading

Seven EU nations voice opposition to joint borrowing for green industries

The countries are against additional joint borrowing within the EU as a way of aiding the green development.

For subscribers

Foto: Pascal Rossignol/Reuters/Ritzau Scanpix
Oil & Gas

Oil set for monthly drop as Chinese demand, Fed meeting in focus

Prices on oil are heading towards a monthly decline, with traders currently focusing on projections for China’s energy demand and upcoming meetings in the Federal Reserve and among OPEC+ nations.

For subscribers

Foto: Sputnik
Oil & Gas

Putin and bin Salman held discussions on OPEC+

The Russian President and the Saudi Crown Prince discussed the OPEC+ alliance two days before the meeting of the cartel and allies.
Foto: Janus Engel
Policy & Trading

Denmark and US unveil green growth partnership

The partnership aims to promote green growth and uncover new potential for Danish companies in connection with the US Inflation Reduction Act, says Danish Minister of Climate, Energy and Utilities.
Foto: Pr / Ox2 / Joakim Lagercrantz
Renewables

OX2 gains local backing for 1.7GW offshore wind project

The County Administrative Board of Halland has greenlit offshore wind farm Galatea-Galene. Now the Swedish government must make a decision on whether to go through with the project.

For subscribers

Foto: Patrick Hill
Renewables

Dof presents new rescue plan: "We need a solution now"

The offshore operator’s new board has put forth another proposal for a restructuring plan, highlighting that it’s the final call for shareholders to secure the company’s future.
  • Dof secures financial restructuring deal with creditors
  • Dof Subsea reports Q2 deficit while waiting for restructuring approval

For subscribers

Jobs

  • Customer Advisors for Utility Products

  • Energy Analyst

  • Do you have an inner Electrician or Utility Operator in your belly?

  • Economist or political scientist with a flair for coordination and secretarial support

  • Director - Project Management (DK)

  • Structured project manager for the integration of renewable energy in the green conversion

  • Manager for facilities and projects

  • Installers for the electricity grid and the green transition

  • Area Manager for Energy Supply Strategy in the Capital

  • Innovative Engineer to secure critical infrastructure

  • Business Development Manager

  • Electrical Engineer specialised in PV systems

  • Construction Project Manager for onshore wind turbines and solar farms

  • Project Manager - Denmark

  • Technical Business Development Manager

  • Executive Director

  • Head of Office for Advice on Fundamental Functions

  • Sustainability Lead on energy island Bornholm and energy island North Sea

  • Project management of regulatory processes in large offshore wind projects

  • Asset Manager (Denmark) - help drive tomorrow's energy projects

  • Engineer or mechanical engineer for the green transition

  • Mechanical Engineer

See all jobs
  • Installers for the electricity grid and the green transition

  • Area Manager for Energy Supply Strategy in the Capital

  • Innovative Engineer to secure critical infrastructure

  • Business Development Manager

  • Electrical Engineer specialised in PV systems

  • Construction Project Manager for onshore wind turbines and solar farms

  • Project Manager - Denmark

  • Technical Business Development Manager

  • Executive Director

  • Head of Office for Advice on Fundamental Functions

  • Sustainability Lead on energy island Bornholm and energy island North Sea

  • Project management of regulatory processes in large offshore wind projects

  • Asset Manager (Denmark) - help drive tomorrow's energy projects

  • Engineer or mechanical engineer for the green transition

  • Mechanical Engineer

See all jobs
  • Nordic startup scene hit by 36% pullback in venture funding
  • Global dealmakers suffer worst January for M&A in two decades
  • Nykredit profile to tidy up Formuepleje: "Ownership circle wanted changes"
  • Fondita wants to upgrade two of its funds to Article 9
  • DSV books a much improved 2022 result – but a new reality now awaits
  • European carrier orders 12 methanol vessels at Korean yard
  • Dan-Bunkering has millions tied up in collapsed British shipping company
  • Carriers scrapped 292 vessels on South Asian beaches last year
  • – Interessen for gårdsvindmøller er økende
  • Equinor om Horisont Energi: – Vi prioriterer andre lavkarboninitiativ
  • Samfunnsbedriftene: – Vi går inn i en situasjon som er veldig mye mer utfordrende enn den vi har i dag
  • Aasland: Snitthusholdningen sparte 2000 KWh, og det reduserte strømstøtten med 3,9 milliarder
  • Pumpeleverandør henter ny direktør fra Siemens Gamesa
  • Boreselskab får kontrakt på 392 mio. dollar til rig
  • Ørsted klar til at skrue ned for investeringer i havvind
  • Siemens Gamesa hæver mølleprisen i svært kvartal

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