EnergyWatch

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Photo: Ideol

Norwegian company BW Offshore, dealing in both tankers and floating wind, begins the year with a first quarter in the black, while several new projects in the portfolio have the company looking optimistically toward the rest of 2022.

BW Offshore’s revenue for the first three months comes to USD 193.6m against USD 218.9m in Q1 2021.

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