Energy News

StormGeo, a weather intelligence and decision-support solutions company part of Alfa Laval, has announced a strengthened strategic focus on its energy analytics and is welcoming industry expert Espen Zachariassen as SVP Energy Analytics in January 2026.The move represents a long-term commitment to expanding StormGeo’s relevance in the energy market, with a particular focus on European growth.The strengthened focus builds on StormGeo’s existing energy market forecasting capabilities (formerly known as StormGeo Nena)…

French state-owned utility EDF is considering selling all of its U.S. renewable energy business, its CEO said on Wednesday, as the company focuses on building up its domestic nuclear operations and U.S. support for wind and solar has been rolled back.Bernard Fontana said the company was considering selling "between 50% and 100%" of its U.S. renewable unit, revising an earlier plan to sell only a minority stake.A deal could value the equity of the unit at nearly 4 billion euros ($4.6 billion)…

COWI’s supervision and advisory role in the Vaðölduver project marks the first integration of wind energy into Iceland’s electricity generation portfolio. The 120 MWwind farm, led by Landsvirkjun, is the country’s first commercial-scale wind development. The project represents a significant step forward for Iceland’s renewable energy sector, introducing wind power as a new and complementary source alongside the nation’s well-established hydropower and geothermal systems.The Vaðölduver wind farm…

Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday.The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets. Chevron would join Carlyle and other firms in the race for the Lukoil portfolio worth at least $20 billion.The United States last month imposed sanctions on Russia's two biggest oil companies, Lukoil LKOH.MM and Rosneft ROSN.MM…

As COP30 kicks off its second week in Brazil, much has changed since the landmark Paris climate agreement was penned 10 years ago.The spirit of cooperation that once reigned has been shattered by economic rivalries and a stark divergence in climate policies among the world’s biggest polluters.The landmark UN COP21 climate agreement signed in Paris on December 12, 2015 saw 195 nations commit to setting binding targets to reduce greenhouse gas emissions to limit global warming to "well below" 2 degrees Celsius above the pre-industrial levels.

Eneos Holdings, Japan's top oil refiner which has been expanding into renewable energy, on Wednesday warned of the surging cost of developing its offshore wind project, with its CEO saying returns were difficult to achieve.Eneos unit, Japan Renewable Energy, won a government auction to develop the Happo-Noshiro 375-megawatt offshore wind project in Japan's northern Akita prefecture together with Spain's Iberdrola and Tohoku Electric Power Co in March 2024.

Denmark's Orsted and Vestas, two of the world's top offshore wind power groups, urged European nations on Wednesday to speed up permitting, improve auction terms and invest in power grids to deliver their potential for strong growth in the sector.The offshore wind industry, facing a near-frozen U.S. market amid President Donald Trump's opposition to renewables, is increasingly looking to Europe for opportunities.Vestas, the largest wind turbine maker outside China, said it expects global offshore wind capacity to grow 20-25% per year until 2030…

Executives at two of Europe's top gas suppliers, ExxonMobil and QatarEnergy, on Monday warned they could stop doing business with the European Union if it does not significantly loosen a sustainability law that could impose fines of 5% of their global revenue.Exxon CEO Darren Woods told Reuters on the sidelines of the ADIPEC meeting in Abu Dhabi that the EU's Corporate Sustainability Due Diligence Directive would have "disastrous consequences" if adopted in its current form.The…

Offshore wind developers and equipment suppliers are bracing for a slowdown in business in France where a political crisis has stalled changes to the country's energy framework and government tenders.The threat of a further hit to France's economy comes after data released on Friday shows business activity declined faster than expected in October.President Emmanuel Macron has churned through six prime ministers in two years as a fractured legislature struggles to agree on a belt-tightening budget.

U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders, and an uncertain future for the billions of dollars' worth of investments.The impact represents an unintended consequence of Trump’s policy on the offshore wind industry, which has included stop-work orders and permit reviews for massive projects…

South Korea’s Korea Institute of Machinery and Materials (KIMM) has developed and demonstrated the nation’s first 20kW-class anode-supported solid oxide electrolysis cell (SOEC) system, completing more than 3,000 hours of stable, continuous operation with electrical efficiency above 83%.The project marks a breakthrough for large-scale, low-cost clean hydrogen production, with strong potential applications in energy-intensive industries such as steelmaking, chemicals, and maritime.By using external industrial waste heat at around 200°C to generate steam…

Danish offshore wind developer Orsted can restart work on the nearly finished Revolution Wind project off the coast of Rhode Island, a federal judge ruled on Monday, after President Donald Trump's administration halted the project last month.The ruling is a legal setback for Trump, who has sought to block expansion of offshore wind in U.S. waters. It is a palpable victory for Orsted, which has been losing $2 million a day since the project was halted on August 22.Revolution Wind is located 15 miles off the coast.

U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since February, energy services firm Baker Hughes said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by three to 542 in the week to September 19, its highest since July. Despite this week's rig increase, Baker Hughes said the total count was still down 46 rigs, or 8% below this time last year. Baker Hughes said oil rigs rose by two to 418 this week…

The Dutch government will grant around 1 billion euros ($1.18 billion) in subsidies next year for the construction of offshore wind farms with a total capacity of 2 gigawatt (GW), it said on Tuesday.Tenders for the wind farms had been put on hold in May, as prospective builders had said they saw no viable business case without subsidies.The Netherlands last year already pushed back plans to increase offshore wind capacity from 4.7 GW to 21 GW to the end of 2032 instead of 2030, citing costs and supply chain difficulties.($1 = 0.8450 euros)(Reuters)

The Trump administration has asked a federal judge to withdraw the Interior Department's 2024 approval of a wind farm off the coast of Maryland, according to court documents filed on Friday.The action is the latest in a series of moves the administration has made to stymie development of offshore wind and other clean energy facilities.Attorneys for the Interior Department filed the motion in U.S. District Court in Maryland in a lawsuit brought by the mayor and city council of Ocean City, Maryland, in October that challenged the agency's approval of the US Wind project.(Reuters)

The United States wants to expand its energy ties with Greece, U.S. Interior Secretary Doug Burgum said during a visit to Athens on Thursday, as the Trump administration works to further reduce Russia's oil and gas supplies to Europe.Burgum has been in Europe this week aiming to seal energy supply deals, which the U.S. hopes will strengthen its influence in the region while weakening Russia's.On Wednesday, Greece announced that a consortium including oil major Chevron had bid…

Japan aims to start planning a national floating wind test centre next year, a senior industry official said, vowing to pursue a path of wind power growth despite a recent setback when Mitsubishi quit three projects.Mitsubishi-led consortia 8058.Tdropped plans last month to build 1.8 gigawatt (GW) in three offshore windmills won in Japan's first major state auction in 2021, dealing a blow to the sector seen as key to cutting dependence on imported fuels."We must conduct verification tests in Japanese waters as Japan's ocean and weather conditions differ from those in Europe…

In Norway, made rich by oil and gas, the idea of shutting fields sends chills, but that is exactly what the small Green Party is pushing as a global switch away from fossil fuels looms.And it's a demand with greater meaning after Monday's election, with the ruling Labour Party needing the support of the Greens - who more than doubled the seats they hold to seven - to safeguard a two-seat majority secured by left-leaning parties."We will definitely prioritise putting the climate issue at the forefront…

Danish wind farm developer Orsted's Revolution Wind joint venture has filed a lawsuit against the administration of President Donald Trump over the U.S. government's decision to block construction of the project off Rhode Island, a court filing showed on Thursday.The U.S.

The administration of U.S. President Donald Trump intends to withdraw federal approval for US Wind’s offshore wind farm off the coast of Maryland, according to a filing submitted by Attorney General Pam Bondi in the U.S. District Court in Delaware on Friday.US Wind is owned by funds managed by Apollo Global Management, an American investment firm, and Renexia SpA, a subsidiary of Italy's Toto Holding SpA. The project is scheduled to begin construction next year.(Reuters)

The Trump administration's order to halt work on a nearly completed wind farm off the coast of Rhode Island threatens grid reliability and jobs and defies explanation, business and government leaders from New England said on Monday.State leaders in Connecticut and Rhode Island demanded details from the administration about why it issued a stop-work order to the Revolution Wind project late on Friday. In its letter to project developer Orsted, the Bureau of Ocean Energy Management cited unspecified national security concerns."They say there are national security interests here.

Cadeler announced that it has signed a firm contract with Synera Renewable Energy (SRE) for the transportation and installation (T&I) of 35 Siemens Gamesa 14MW wind turbines at the Formosa 4 Offshore Wind Farm in Taiwan. The project will be executed by one of Cadeler’s next-generation M-class wind turbine installation vessels.The T&I operations are set to commence in March 2028 and will last approximately 150 days. The revenue from this contract to Cadeler is projected to be between…

There are early signs that some Asian countries are stepping up their imports of U.S. liquefied natural gas (LNG) as part of trade deals with President Donald Trump.Asia's imports of the super-chilled fuel are on track to hit an eight-month high of 2.01 million metric tons in August, according to data compiled by commodity analysts Kpler.But of far more importance is the Kpler estimate that Asia's LNG imports from the United States will surge to 3.61 million tons in October, which…