Thursday, 8 May 2025

Focus on Ørsted

FILE - The first operating South Fork Wind farm turbine is seen 35 miles east of Montauk Point, N.Y., on Dec. 7, 2023. (AP Photo/Julia Nikhinson, File)
BusinessElectricityInfrastructureNewsOffshore WindRegulationsWind

US chooses winning bids in first commercial sale for floating offshore Atlantic wind

The U.S. government awarded nearly $22 million in bids for floating offshore wind leases off New England, advancing clean energy goals.

A view of Equinor's LNG facility in Melkoeya, outside Hammerfest, Norway January 31, 2023. Ole Berg-Rusten/NTB via REUTERS/ File Photo
BusinessElectricityFuelNatural GasNewsOilWind

Equinor eyes lower spending on renewables after Orsted transaction

Equinor may cut renewable investments by 2030 after buying a $2.5B stake in Orsted, citing better access to wind assets.

News ReleaseNews

Equinor third quarter 2024 results

Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted operating income* of USD 6.89 billion and USD 2.04 billion after tax in the third quarter...

FILE PHOTO: Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo
BiofuelsBusinessElectricityHydrogenNatural GasNewsOffshore WindOilSolarWind

BP weighs sale of minority stake in offshore wind business, sources say

BP paused investments in new offshore wind projects, Reuters reported in June. Last month, BP said it plans to sell its U.S. onshore...

ScottishPower chief executive Keith Anderson will meet Sir Keir Starmer on Friday (Jordan Pettitt/PA)
BusinessEconomyElectricityIndustryInfrastructureManufacturingNewsPoliticsRegulationsSolarStorageTransmissionUtilitiesWind

ScottishPower aims £12bn more at UK clean energy after Labour solar farms row

The investment comes alongside £8 billion from Danish energy giant Orsted and £2.5 billion from offshore wind power firm GreenVolt.

FILE PHOTO: A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little//File Photo
BusinessElectricityFuelIndustryInfrastructureNatural GasNewsOilSolarStorageWind

Equinor buys 9.8% stake in wind developer Ørsted

The investment makes Equinor the second largest shareholder in Ørsted after the Danish government.

News Release

Equinor acquires a 9.8% minority stake in Ørsted

Equinor ASA (OSE:EQNR, NYSE:EQNR) has acquired 41,197,344 shares in Ørsted A/S (“Ørsted”), corresponding to 9.8% of the shares and votes in the company. The...

News ReleaseOffshore Wind

Eversource Energy Completes Exit of Offshore Wind Business

BOSTON & HARTFORD, Conn.--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) today announced that it has completed the sale of its 50 percent interest in the...

FILE PHOTO: A view of a signage with the logos of Northern Lights carbon dioxide project and other corporates, outside the facility in Oygarden, Norway October 18, 2022. REUTERS/Nora Buli/File Photo
BusinessCarbon ManagementElectricityFuelNews

Shell, Equinor, TotalEnergies open Norwegian CO2 storage facility

OSLO – Shell, Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway’s west coast is now completed and...

Aerial drone view of smoke coming out of a factory chimney.
Carbon ManagementEmissionsNews

World’s first commercial CO2 storage soon ready in Norway

Norway makes progress towards opening a massive undersea vault for commercially transporting and storing carbon dioxide.

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