Denmark News

 

Offshore Wind: Orsted Earnings, Shares Dented by Lower Wind Speeds, Cable Problems

Apr 29, 2021

Lower wind speeds and cable problems hit first-quarter earnings at Denmark's Orsted , sending shares in the world's biggest offshore wind farm developer lower on Thursday.Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 4.9 billion Danish crowns ($799 million), missing analysts' consensus forecast of 5.2 billion crowns.However, Chief Executive Mads Nipper said the company's operational performance 'was good during Q1 2021 and slightly exceeded our expectations'…

Gallery: Petrojarl Banff FPSO Arrives in Denmark for Recycling

May 12, 2021

Teekay's Petrojarl Banff FPSO completed its final voyage on May 8, 2021, and is now moored alongside the Modern American Recycling Services Europe A/S (MARS) quayside in Frederikshavn, Denmark in preparation for recycling.The decommissioned FPSO…

Iberdrola: Renewables and Grids Support Earnings and Outlook

May 12, 2021

Europe's biggest wind power group Iberdrola reaffirmed its growth outlook for the full year on Wednesday after reporting rising quarterly earnings supported by rapid building of renewable energy plants and investments in networks.Buoyed by a…

Bilfinger Nets 5-year Offshore Inspection Services Contract with Total in Denmark

May 10, 2021

Total E&P Denmark has awarded Bilfinger a €40 million (~$48,6 million) contract for inspection services on the offshore assets in Denmark.Starting in July 2021, the contract will run for five years with 2x1-year extension options and will cover all of Total's assets offshore Denmark…

Vattenfall Picks Island Offshore Vessel for Offshore Wind W2W in Germany

May 07, 2021

Norwegian offshore vessel operator Island Offshore, mostly known for its offshore vessel services in the Norwegian oil and gas industry, has recently won a walk-to-work contract with Vattenfall in the offshore wind sector in Germany.Island Offshore…

Poland: Pipelaying Works Set to Start at Baltic Pipe Project

May 07, 2021

Polish gas transmission system firm Gaz-System said Thursday that preparations were underway for the pipelaying work to begin on the Baltic Pipe project, designed to ship gas through a Baltic Sea pipeline from the Norwegian part of the North Sea to Denmark and Poland…

Ørsted, PGE Complete Offshore Wind Farm JV Deal in Poland

May 07, 2021

Poland's biggest power group PGE and Denmark's Orsted have finalized a deal to jointly develop two offshore wind projects in the Baltic Sea, PGE said on Thursday.Under the terms of the deal, Orsted bought 50% in each of two PGE units developing two offshore projects totalling 2…

Danish Offshore Service Firm Changes Name, Eyes Global Growth

May 06, 2021

Denmark-based Enelift, a lifting solutions provider for the energy industry until recently known as Global Offshore, on Thursday announced expansion plans that will see the company invest 'a seven-figure sum' into its operations and establish new support hubs in Houston…

Survitec Wraps Hansen Protection Buy

May 06, 2021

Maritime survival equipment specialist Survitec has completed the acquisition of Hansen Protection, a provider of personal protective equipment. Ron Krisanda, Executive Chairman at Survitec, commented: 'The addition of Hansen Protection, and its leading portfolio in personal protective equipment…

Noreco Closes $1.1B Reserve Based Loan

May 05, 2021

Oil and gas company Noreco, Denmark's second-largest oil and gas producer, on Wednesday announced the successful closing of its new $1.1 billion Reserve Base Lending facility. The new RBL facility replaces the company's existing $900 million RBL…

European Commission Approves $480M Danish State Aid for Renewable Electricity Production

May 04, 2021

The European Commission on Tuesday approved 400 million euros ($480.12 million) Danish state aid supporting the production of electricity from renewable sources, according to a statement.'This Danish scheme will contribute to substantial reductions in greenhouse emissions…

Total Extends Havila PSV Charters in Denmark

May 03, 2021

Norwegian offshore vessel operator Havila Shipping has won contract extensions for two of its platform supply vessels with Total in Denmark.Havila said Monday that Total DK, a Danish subsidiary of the French oil major Total, had declared extension…

Dogger Bank – Who's Who in the World's Largest Offshore Wind Project

Apr 28, 2021

Dogger Bank is not simply an offshore windfarm project, it is THE offshore windfarm project. Dogger Bank is an offshore wind farm site in the UK North Sea that will, once fully built, be the world's largest and most innovative. Here Offshore…

VIKING Introduces Turbine Evacuation Kit

Apr 26, 2021

Quickly growing turbine numbers, installed in deeper waters offshore and farther out to sea are needed to serve accelerating demand for wind energy, but safety issues for such structures go beyond the feats of civil engineering making them possible…

Ørsted to Bid for Danish North Sea Energy Island

Apr 22, 2021

Wind farm developer Ørsted plans to submit a joint bid with Danish pension fund ATP to finance and build the world's first energy island in the North Sea.The artificial island, which will produce and store enough green energy to cover the electricity needs of 3 million European households…

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