Orrön Energy announces bid for Swedish wind developer
A major Swedish transaction could be in the offing after former Lundin has launched a bid for developer Slitevind.
EnergyWatch
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A major Swedish transaction could be in the offing after former Lundin has launched a bid for developer Slitevind.
The exorbitant natural gas prices have led several countries to reverse course on coal. This has served to benefit mining company Glencore, which, unlike competitors, has decided not to cut down on coal production.
According to Bloomberg, the Chinese government has interfered with Chinese battery manufacturer CATL’s plans to build a factory in the US. A decision on where to build the factory has reportedly been postponed due to Nancy Pelosi’s visit to Taiwan. Updated.
A deferred tax asset saves Orrön Energy from booking a deficit in H1. However, the company is optimistic about the future following the divestment of oil assets worth USD 13bn.
The Minister of Climate Change and Energy, Chris Bowen, has identified six potential sites for offshore wind energy, according to Bloomberg News.
Southern Germany, Austria, and Switzerland have been experiencing fuel shortages for weeks due to supply disruptions from refineries.
The EV manufacturer is set to carry out its second share split in less than two years.
Energy and climate crises drove record capital to solar and wind energy in first half of 2022, according to new figures from Bloomberg.
The lowest water levels in the Rhine for 15 years could result in power cuts in Germany, the utility reports. This comes at a critical time of tight gas supplies.
The shift to a tighter monetary policy among central banks across the world has stoked concerns among investors of slowing economic growth. And that will affect oil demand, which is set to decrease.
To ensure supply security in Norway, TSO Statnett has now formally requested that the oil outfit postpone plans to close the Mongstad power plant.
The British government is moving forward with its renewables plans, awarding GBP 37m in funding for a total of 34 projects.
Operator of wind installation vessels Eneti saw increased earnings in Q2, primarily due to an acquisition completed last year by the former Scorpio Bulkers.
The German oil company has signed a Memorandum of Understanding with NWO for the construction of a new hydrogen production plant.
As the principal advisor, Sweco will assist the Danish Energy Agency with technical counseling throughout the tender, design, construction, and transfer phases of the North Sea energy island. The agreement is valued at DKK 400m with a cap of DKK 600m.
The French oil outfit aims to mount a bid for two projects of 250MW each in the upcoming French floating wind tender, teaming up with two former partners Corio Generation and Qair.
Oil and gas companies have generated nearly a hundred billion dollars in profits this year, which António Guterres deems to be greed of the worst kind.
Rising concerns on whether the US and Europe will be hit by an economic recession, along with debt problems in emerging markets and tight Covid-19 protocols in China, weigh down on oil demand.
Next year, the wind turbine manufacturer will streamline technologies across onshore and offshore divisions. The question of whether gears have a future in the OEM's machines is also being evaluated, notes CEO.
An Australian startup claiming 95% electrolysis efficiency attracts investment of AUD 42.5m from several players, including the Danish OEM’s venture unit.
Without quantifying or specifying which sites will see job cuts, the turbine maker remarks that two segments in particular will need to see staff reductions. But it’s a balance, says CEO.
Volvo Group is set to build a new battery factory in Sweden to benefit from the nation’s fossil-free energy sources. This is part of the company’s ambition for 35% of all vehicles and machines sold to be electric by 2030.
The component that Gazprom PJSC has named as cause of reduced gas supply is ready for redeployment, say both German Chancellor Olaf Scholz and Siemens Energy AG’s CEO.
All precautionary principles have been violated in some way or another, and the situation cannot be allowed to continue, says International Atomic Energy Agency chief on Tuesday.
Unusually high natural gas prices of late are leading many nations and commercial players to regress into firing coal, with the largest surge forecast for Europe, writes IEA in a new report.
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