BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and continued to weigh on fuel demand and refining profits.The London-based company said that while fuel demand in Asia…
Norwegian oil company Aker BP has signed a deal with the recently established Aker Offshore Wind, to speed up the process of decarbonizing oil and gas assets and realizing offshore wind in Norway at large scale.Astrid Skarheim Onsum, Chief Executive Officer of Aker Offshore Wind…
Royal Dutch Shell has hired Ørsted's North America Chief Thomas Brostrom as Senior Vice President for its Global Renewable Solutions department starting next year, a Shell spokesman said on Friday.Shell is cutting around a tenth of its workforce…
The world's largest offshore wind turbine in operation, GE's Haliade-X prototype, has been upgraded, or 'uprated' and is now operating at a 13 MW power output.The Haliade-X wind turbine prototype has been spinning in Rotterdam since November 2019…
Denmark-based offshore wind giant Ørsted has appointed David Hardy as new CEO of its U.S. subsidiary Ørsted Offshore North America. Hardy, who becomes CEO after previously serving as COO, will replace Thomas Brostrøm who has led Ørsted Offshore North America since the summer of 2015As CEO…
Gwynt y Mor OFTO, an entity that operates and maintains offshore transmission assets between the onshore grid and the Gwynt y Mor offshore wind farm in Wales, the UK, said Thursday that its export circuit SSEC3 tripped at 16:54 on October 15…
Spanish green energy company Iberdrola reported 4.7% net profit growth for the first nine months on Wednesday and said it still expected that metric to rise at a mid to high-single digit rate this year.Boasting more than 32GW of renewable generation capacity in markets including Spain…
Norwegian energy firm Equinor said on Tuesday it had submitted two bids in New York's second offshore wind auction, following a deal it signed with BP last month to cooperate on offshore wind in the United States.Equinor said it was bidding for two projects off the U…
Energy data and intelligence company Westwood Global Energy Group (Westwood) has appointed David Linden to the newly-created role of Head of Energy Transition. Based in London, Linden joins from Wood Mackenzie, where he was a Director within the company’s energy transition consulting division…
Dutch tidal power specialist Tocardo has agreed to buy the 1.25MW Oosterschelde Tidal Power Plant, dubbed the largest tidal array in the world. . The plant is installed on the Dutch Oosterscheldekering surge barrier.The Oosterschelde Tidal Power Plant consists of five T-2 tidal turbines…
A slow economic recovery from the pandemic threatens to delay a full rebound in world energy demand to 2025, the International Energy Agency said on Tuesday.In its central scenario, a vaccine and therapeutics could mean the global economy rebounds in 2021 and energy demand recovers by 2023…
A floating offshore wind supply chain group has been formed in Scotland, as a subgroup of the Scottish DeepWind supply chain cluster, looking to ensure that the local firms benefit from the nascent but growing floating offshore wind industry…
Singapore's Keppel Offshore & Marine Ltd (Keppel O&M) said Friday it had secured a contract valued at approximately S$600 million (USD 442 million) in the offshore renewable energy industry.Sharing the news on Friday, Keppel gave little details on the client and the type of order…
French energy giant Total has entered the floating wind farm business in France with the acquisition of a 20% stake in the Eolmed floating wind farm pilot project, located in the Mediterranean, off the coast of Gruissan and near Port-La-Nouvelle…
Offshore Heavy Transport (OHT) has signed the firm order for the construction of an offshore wind turbine generator installation vessel, which will mark the heavy-lift and transportation company's entry into the offshore wind turbine installation business…