North Sea oil and gas firms “misunderstood the world” and have now “been caught out” by the Covid-19 crisis, according to the UK boss of climate activist group Greenpeace.
Benj Sykes does not claim to have all the answers for oil and gas companies on how to accomplish an effective energy transition, but he does have the best vantage point.
The descendants of Danish scientist Hans Christian Ørsted announced today that they are seeking legal action over the use of their family name by the fourth largest company in Denmark.
Danish company Ørsted, formerly DONG Energy, have signed a deal to divest a 50% share in their 659 megawatt (MW) UK offshore wind farm project at Walney Extension.
Of the decisions to come out of the organisations general meeting today, the name change from DONG Energy to Ørsted was sanctioned by the board of directors.
Now a low-carbon energy producer, DONG Energy received the go-ahead from the Norwegian and Danish authorities to divest its remaining oil and gas business in DONG E&P to INEOS.
As Total acquires a 23% stake in renewables firm Eren, energy experts believe it’s diversify or die time for oil majors as the green power market continues to grow.
Energy companies that stunned the world by offering to build wind farms with no subsidy may ruin the industry’s reputation by never actually delivering on their promises.
US major Chevron is getting ready to launch a fresh tender for a floating production, storage and offloading (FPSO) vessel for its giant Rosebank project in the UK North Sea.
Petrochemical giant Ineos is growing its North Sea oil and gas empire with the $1.3billion (£1billion) buy-up of Dong Energy's assets - and there could be more deals on the horizon.