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.

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Renewables

Orders halved in Europe's wind industry in 2022

Wind lobby WindEurope deems the plunge in orders ”extremely worrying”.

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.

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.

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Orders halved in Europe's wind industry in 2022

Wind lobby WindEurope deems the plunge in orders ”extremely worrying”.

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.

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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.

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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.

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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.

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Oil & Gas

Marathon Petroleum's Q4 earnings surpassed forecast

The US oil refinery operator nearly quadrupled earnings in the last quarter of 2022.

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.

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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.

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.

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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.

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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.

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

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

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.

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.

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.

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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.

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.

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.

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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.

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EnergyWatch

Equinor pulls out of hydrogen and CCS project

Orders halved in Europe's wind industry in 2022

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

11 wind developers back common methodology for calculating carbon footprint

Did you read?

Orders halved in Europe's wind industry in 2022

Aker Carbon Capture inks PtX deal in Finland

Automaker commissions Spanish solar wind farm

Sign up for our newsletter

Jobs

Glennmont Partners buys two Eolus wind farms in Sweden

Did you read?

Vestas suffering from untenably pricey faults

Marathon Petroleum's Q4 earnings surpassed forecast

ExxonMobil planning large-scale hydrogen plant

EU needs EUR 170bn for green technologies

Big plans for European hydrogen pipeline network center around Danish island

Did you read?

Ørsted suffers Q4 loss while booking strong full-year profit

Latest news

Jobs

ExxonMobil books record result in 2022

Norway's oil fund books record loss

Belgium shuts down another nuclear reactor

Most read

Wärtsilä books a EUR 200m loss from Russian exit

EDP to take part in large-scale Andalusian hydrogen project

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

Seven EU nations voice opposition to joint borrowing for green industries

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

Putin and bin Salman held discussions on OPEC+

Denmark and US unveil green growth partnership

OX2 gains local backing for 1.7GW offshore wind project

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

Jobs