Losses on debt in US dollars have turned a record operating result into a devastating deficit for Solstad Offshore during Q2. However, the company leadership expects better prospects for oil, gas and renewable energy later this year.
Rising oil prices and major profits at energy companies come at an opportune time for suppliers. Analysts expect the otherwise strained offshore carriers to begin ordering more ships in 2023, with Prosafe’s CEO reporting ”optimism in our field.”
Now signed by the US president and thus fully formalized, the watered-down version of Biden’s climate campaign bill – full of compromises to get conservative Democrats on aboard and thus attracting critique from many observers – nonetheless contains the nation’s most sweeping legislation supporting the green transition to date, thereby on account of sheer size reviving some hope of averting the worst outcome for global climate.
During this last week, Uniper’s Karlshamn power plant in the Scandinavian country has been firing 70,000 liters of oil an hour to offset electricity shortage in southern Sweden. Madness, says opposition.