Engineering and technology group, Technip Energies has acquired a 16.3% stake in X1 Wind, a startup that has designed 'an innovative and disruptive' offshore wind turbine floater.Technip Energies is the lead investor in this funding round, which…
BP's profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and said it was accelerating plans to cut emissions with increased spending on low carbon energy.BP's rebound to an annual profit of $12…
U.S. offshore wind developer Vineyard Wind said Friday that Klaus S. Moeller, Project Director of Vineyard Wind 1 offshore wind project, was being promoted to CEO.Vineyard Wind, a joint venture between Copenhagen Infrastructure Partners (CIP) and Avangrid Renewables…
ABB has secured an order of around $27 million to supply Eneti’s two newbuild vessels with advanced power, automation, and control systems for improved safety and performance.The two $330 million wind turbine installation vessels (WTIV) will…
Offshore wind installation services company Fred. Olsen Windcarrier said Thursday it planned to launch an initial public offering and apply for a listing on the Oslo Stock Exchange.The company, based in Oslo, owns three purpose-built transportation and installation (“T&I”) jack-up vessels…
Struggling wind turbine maker Siemens Gamesa on Wednesday named a new chief executive for the second time in less than two years, more than 10 days after issuing the latest in a series of profit warnings.Jochen Eickholt, management board member of Siemens Gamesa's German parent Siemens Energy…
Renewable energy company Ørsted on Wednesday missed fourth-quarter operating profit expectations, but said it expected a boost in earnings as wind speeds should return to normal this year after an unusually calm 2021.Ørsted's shares rose by as much as 6% at opening and were trading 1…
Italy's Saipem risks becoming a casualty of the transition to cleaner energy after a shock profit warning left leading shareholders scrambling to shore up the finances of the energy services company.The Saipem board met on Tuesday to discuss the situation…
Italian energy services group Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off.Saipem has…
Finland's government has earlier this month granted research permits for three offshore wind power projects in Finland’s exclusive economic zone. Wpd Finland Oy was granted a permit for the research area west of Jakobstad. OX2 Finland Oy received…
PACC Offshore Services Holdings (“POSH”), a Singapore-based offshore marine services provider, said Friday it would be will be shifting its push into renewables away from operational support in the fixed wind market into the development of the fast-growing floating wind market…
Doosan Heavy Industries & Construction has unveiled South Korea's largest offshore wind turbine, a 232.5 meters tall giant with a capacity of 8MW.Doosan said Thursday it had completed the implementation of the 8MW offshore wind turbine prototype at the Korea Wind Power Demonstration Center…
Shell's head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business which the company seeks to rapidly grow as part of its strategy to reduce greenhouse gas emissions.Brinton, who joined Shell in 2018…
German renewable energy giant RWE has this week signed a 30-year concession agreement with the Danish Energy Agency (Energistyrelsen) for the rights to build and operate Denmark's largest offshore wind farm to date, the 1GW Thor. The wind farm…
Ulstein Design & Solutions, part of the Norwegian-based Ulstein Group, said it has secured ship design contracts from ZPMC for two types of service operation vessels (SOVs) that the Chinese shipyard will construct for Shanghai Electric Windpower Group…
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