Biocirc CEO Bertel Maigaard. Biocirc is run by asset manager Maigaard & Molbech, where Bertel Maigaard is also partner. It manages the fortunes of a group of wealthy Danish families, including Just Eat founder Bo Bendtsen. | Foto: PR/Biocirc

Biocirc reveals German expansion next year: "An exciting pipeline"

Plans to build more plants by 2024 are not limited to the US, reveals the CEO of the biogas group.

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Oil & Gas

Oil prices a few dollars away from year-high record following turbulent week

Despite the standstill, there are several signs of a tightening oil market, according to Bloomberg.

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European Energy CEO Knud Erik Andersen is pleased with a successful sale to Japanese Mitsui. | Foto: Gregers Tycho

Cleantech

European Energy and Mitsui finalize transaction of Danish solar farm and PtX plant

The sale to the Japanese trading company received the stamp of approval from the EU Commission in August, and the deal has now been finalized.

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From left: Elizabeth Press, moderator and Director of Planning and Program Support, Ingrid Reumert, SVP and Head of Global Stakeholder Relations at Ørsted, Morten Dyrholm, Group SVP for Marketing, Communications & Public Affair at Vestas, Shamini Selvaratnam, Associate Director at Ocean Conservancy, and Ben Backwell, CEO at GWEC. | Foto: Consulate General of Denmark in New York

Renewables

Offshore wind players: Crucial to speed up the pace of project permitting

There is a greater political focus on the need for pace in OSW projects, but more speed in the permitting process is needed if the targets for OSW are to be achieved, according to Vestas and Ørsted.

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Did you read?

All hydrogen stations in Denmark will close

”We can’t justify throwing more money at subsidizing hydrogen alone,” states Everfuel’s CEO, who doesn’t want to kill off hydrogen’s future in passenger cars.

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Tommy Larsen is the CEO and founder of Weptos. | Foto: Weptos

Renewables

Wave energy developer warns: China could take the helm if Europe doesn't wake up

Major energy players and governments should get involved in European wave energy if the market is not to move to Asia, warns Weptos CEO.

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Wind turbine manufacturer Nordex's CEO, José Luis Blanco, will have some extra on his plate for the next 18 months. | Foto: Nordex

Renewables

Nordex CEO becomes chairman of Wind Europe

José Luis Blanco will hold the position of chairman of the wind organization for the next 18 months, while Hitachi Energy’s head of renewable energy will serve as vice chair.

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Patrick Pouyann, CEO of Totalenergies. | Foto: Jason Leysner/AFP/Ritzau Scanpix

Oil & Gas

TotalEnergies CEO: Unreasonable to ban Russian LNG sooner than 2025

There will not be enough liquefied natural gas to replace the EU’s imports of Russian LNG until 2025 or 2026, says the CEO of Totalenergies.

European Energy and TotalEnergies to partner on at least 4GW of onshore renewable projects

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Did you read?

Cowi on troubled wind industry: "The challenges start at the top"

The starting point of the crisis in the wind industry is the price focus in tenders, according to Cowi’s Director of Renewable Energy.

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"In my view, the two shipowners’ sustainability pact could be the nucleus of a wider shipping industry representative body," says Philip Damas from consultancy house Drewry. | Foto: Pr / Cma Cgm

Renewables

CMA CGM and Maersk will need help in new green lobbying alliance

Two of the world’s largest container shipping companies have joined forces to ”accelerate decarbonization” in the shipping industry - but it will take more effort to succeed, analysts say.

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Utilities

European Energy: TotalEnergies partnership is stepping stone towards more markets

European Energy envisions its entry into several markets after entering into a partnership with one of the world’s largest oil and gas companies.

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Foto: Consulate General of Denmark in New York

Renewables

FLSmidth: The mining sector's reputation blocks the green transition

Problems attracting talent to the industry, which extracts critical minerals such as lithium and cobalt, could make it difficult to meet green energy targets, according to the equipment manufacturer.

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Semco Maritime has once again teamed up with KK Wind Solutions. | Foto: Ørsted

Renewables

Ørsted selects Semco Maritime and KK Wind Solutions for German OSW farms

The two Danish companies have joined forces on a service contract for Borkum Riffgrund 1 & 2 and Gode Wind 1 & 2.

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Did you read?

"It surprises a lot of people that it's so difficult for us"

Global Wind Service is being impacted severely by the current downturn in the wind industry. ”My friends don’t understand how challenging it is in the green industry in these years,” says co-founder.

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OCEAN WIND OPTIMISTIC: Havfram CEO Ingrid Due-Gundersen dismisses the notion that the offshore wind industry is experiencing its first crisis. | Foto: Harald Amdal

Renewables

Havfram dismisses offshore wind crisis: Not worried about Ørsted contract

”If projects disappear, we manage to pick up other projects on the market,” Havfram CEO Ingrid Due-Gundersen tells EnergyWatch.

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Renewables

Alm. Brand Group CEO: The offshore wind sector needs to get profitability in place

Alm. Brand Group will continue to insure offshore wind farms, says the CEO, who explains, however, that projects will now be sorted to a greater extent.

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The tool was developed in collaboration led by Verdo, but it will be made available to other CHP plants. | Foto: Brian Karmark

Policy & Trading

New digital tool for CO2 capture: Can tell when it's most profitable

Together with Verdo and the Technical University of Denmark, the Alexandra Institute has developed a new tool that calculates when it is most profitable to operate a CO2 capture plant.

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Analysts: Not enough offshore vessels to serve record number of projects

2024 could be the biggest investment year ever for the North Sea oil and gas market, but shipping companies do not have enough service vessels to handle the demand, says Intermodal.

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Policy & Trading

UN chief on climate crisis: We have opened the gates of hell

UN Secretary-General António Guterres is far from satisfied with affluent countries’ climate efforts.

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Last month, Lars Aagaard introduced the government's plan for CCS, which has now become a broad agreement. This took place at the site where PtX is also planned, although it doesn't take up much space in the agreement. | Foto: Jacob Ehrbahn

Policy & Trading

Danish energy minister still considers green domestic flights in 2025 realistic

With the CCS agreement, the climate goal takes precedence over the establishment of a Danish PtX industry, the Minister for Climate, Energy and Utilities admits.

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Renewables

European Energy and TotalEnergies to partner on at least 4GW of onshore renewable projects

The Danish developer will work with the French oil giant to develop at least 4 GW of onshore renewable energy in a joint venture.

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Topsoe CEO Roeland Baan believes that shipping companies will end up primarily using ammonia. | Foto: Gregers Tycho/Ritzau Scanpix

Cleantech

Topsoe chief executive is confident: Ammonia will be the fuel of choice

Ammonia has a clear advantage over other forms of green fuel for ships, says the chief executive of the Danish technology company.

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EnergyWatch.eu

DKK 27bn-agreement buries green fuels

While the broad CCS agreement aims to bring Denmark another 2.3 million tonnes of CO² closer to its climate target, it also pushes technologies like green methanol further into the future.

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Renewables

Nordex poaches Siemens Gamesa customer in Spain

The German turbine manufacturer will supply turbines for two projects.

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The total cost is now NOK 80bn (EUR 6.84bn) | Foto: Equinor

Oil & Gas

Equinor's cost estimate for the Johan Castberg project increases significantly

The partners in the Johan Castberg oil field, Equinor, Vår Energi and Petoro, have updated their cost estimate by NOK 13bn.

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Oil & Gas

Noble signs contract with Total in Argentina

The agreement has an estimated value of USD 33m.

Noble downgrades 2022 guidance after recent contract annulment

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Goldman Sachs thinks that OPEC+ are unlikely to pursue prices above USD 100 per barrel. | Foto: Alexander Manzyuk

Oil & Gas

Goldman Sachs sees further oil price increases hitting risk willingness

Goldman Sachs points out that options trading currently indicates a 45% probability that Brent oil will remain above USD 90 per barrel until at least January next year.