DONG businesses sold for 8,7 billion DKK
DONG Energy writes in a stock exchange announcement that it has sold its oil and gas business to the chemical company INEOS, which is based in Switzerland and England, for a total of 8,7 billion DKK. 440 employees will be taken over by INEOS, the company writes.
Race Bank produces electricity for first time|
According to A2SEA, the fourth wind turbine was installed in the Race Bank offshore wind farm in Great Britain on Friday May 19. Race Bank received its first turbine on May 9 and shortly after, the first electricity was delivered to the national electricity grid.
20 wind turbines erected at Nordsee One|
20 of the 54 wind turbines in the Nordsee One wind farm have now been installed. It is shown in the latest press release from Galloper Wind Farm Limited, a jointventure headed by Innogy SE, which also owns Nordsee One together with Northland Power.
New DONG Park supplies 230,000 homes|
DONG has officially launched its new Burbo Bank Extension wind turbine park out of Liverpool. It is the first offshorepark which uses Vestas' enormous V164-8.0 MW wind turbines commercially.
MHI Vestas expands production in Esbjerg|
Large demand for MHI Vestas' 8 MW turbine has brought the company to expand the production facilities at Esbjerg Harbor with 5,600 square meters. The facilities must produce Power Converter Modules (PCM) exclusively for MHI Vestas.
|Goldman Sachs sells DONG shares|
Through its Luxembourg-based company New Energy Investment, Goldman Sachs has put 10,509,527 shares in DONG up for sale. This corresponds to approx. 2,5 pct. of the shares in the company. After the sale, Goldman Sachs will have approx. 4,5 pct. of its shares in DONG back.
|Huge progress in orders at Siemens Wind|
Orders in the Siemens Wind Power and Renewables division amounted to approximately 3,1 billion EUR, around 23 billion DKK, in Q2 2017, compared to approximately 2,1 billion EUR, or 15,6 billion DKK, in the same period last year.
Bladt prepares Beatrice foundations|
Bladt Industries has successfully completed the first lifting operation of the external platform on the top jacket 3D structure for the first out of 30 jacket foundations for Beatrice Offshore Windfarm, to be built in northern Scotland.
The state will withdraw from North Sea fields|
The state will not continue as co-owner of the North Sea fields operated by DONG Energy when the company sells its oil and gas activities later this year. It happens even though the state has been struggling to become a co-owner for more than 30 years, Berlingske Business writes.
Low oil prices cause losses in Nordsøfonden|
For the third consecutive year, the state-owned company Nordsøfonden experiences a big loss. In 2016 it was DKK 443 million. Which, however, was significantly less than the loss in 2015 of DKK 1,352 million, characterized by major write-downs and significant expenses for a lost arbitration case.
DONG Energy: Oil and gas is sold this year|
Dong Energy increased its earnings significantly from its oil- and gas division in the first quarter of this year compared to last year. But the plans to sell are maintained and expected to be completed this year, Dong said in its quarterly report.
|Danish Wind Alliance seeks US partnerships|
Bladt Industries, ISC Consulting Engineers, Semco Maritime and LICengineering join forces with the Danish Chamber of Commerce to create an integrated platform for partnerships with US companies.
|DONG awarded German offshore projects|
The German Bundesnetzagentur has awarded DONG Energy the right to build three offshore wind projects in the German North Sea. For two of the projects - OWP West and Borkum Riffgrund West 2 - DONG Energy made bids at zero EUR per MWh
Offshore wind overtakes oil and gas|
There was a change of power in the energy sector in 2015. For the first time ever, offshore wind had a better turnover than oil and gas. It is presented in an analysis of the Danish offshore industry that Region Syddanmark has prepared.
Vestas secure huge order in the Netherlands|
MHI Vestas Offshore Wind has signed a conditional agreement for the supply of two offshore projects totaling 680 MW in the Netherlands. Borssele III & IV are, respectively, at 330 MW and 350 MW. It is not known what type of turbines will be used.
Vestager approves state aid for Kriegers|
The European Commission has approved Denmark's application to be allowed to provide state aid for the establishment of Kriegers Flak, which with its 600 MW will be the largest Danish offshore wind farm. The EU aids with 1,1 billion kr.
The North Sea to become a "Silicon Valley"|
Denmark is something special in the blue energy sector. Therefore, it is the Government's ambition that the Danish part of the North Sea should be offshores answer to "Silicon Valley" with great value for the Danish society. This was written by Lars Christian Lilleholt and the CEO of Esvagt in a debate.
|LM Wind Power builds French blade factory|
LM Wind Power has started construction on its new offshore wind turbine blade manufacturing facility in Cherbourg in France. The first stone for the new factory, which marks the official start of construction will be set today, March 23, according to information from the French Ministry of Environment, Energy and sea.
|New North Sea agreement is in place|
Maersk Oil and its partners in DUC can now cancel the closure of the Tyra field and instead embark on the reconstruction of the old field. It was established today after the government has reached an agreement with S, DF, SF and RV, which ensures lower taxes on oil and gas from the North Sea.
Ambassador: Window for DONG in the US|
Denmark's ambassador to the United States sees good opportunities for the establishment of wind turbines in the country. DONG is already well underway and has plans for more. So far there is nothing to suggest that the new president can or will stop the development.
North Sea negotiations stranded |
Negotiations between Maersk and the government on a new tax agreement for the North Sea is put on stand-by. According to Børsen, this is due to the controversy surrounding the development of oil prices.
MHI Vestas missing up to 50 engineers|
MHI Vestas, which exclusively manufactures wind turbines, are now in search of a number of engineers. This is because of the expansion of production capacity at the company's nacelle factory in Lindø at Odense and its turbine blade factory in Nakskov on Lolland.
EU approves DONG Formosa 1 agreement|
The European Commission has, in accordance with Regulation EU Merger Regulation, approved the proposed acquisition of joint control of Formosa 1 International Investment Taiwan between DONG Energy, Australia's Macquarie Capital and Swancor Holding in Taiwan.
|Offshore wind turbine trials approved|
The DEA has given I/S Nissum Bredning Vind settlement permit for their 28 MW pilot project "Testbed for new technologies and integrated design". In February 2016, the project was the winner of the DEA's bidding round in the special pilot scheme for new offshore wind technology.
|Norwegian offshore company rehire 300|
The supply company Island Offshore rehires 300 employees who were laid off. Now several of the company's vessels can look forward to receiving jobs as a number of vessels that otherwise were obvious choices, have recently received contracts so that they can come into operation once again.
Berlingske: North Sea agreement in place|
According to Berlingske, the government agreed with Maersk on a new agreement that ensures new investments in the Tyra field - and thus the Danish oil and gas extraction continues.
New wave energy plant coming to Sæby|
Ever since the turn of the century, a team led by the late inventor Henning Pilgaard has worked to create a new Danish wave energy plant - Crestwing. The first half-scale plant is planned to be launched in the autumn.
Ocean-wind beat all records Wednesday|
On Wednesday, Danish wind farms produced enough electricity to cover 104 percent of the country's energy consumption. Thereby, Denmark tops the list of countries with the highest proportion of energy from offshore wind on a windy day in Europe.
Danes will discuss offshore wind in Japan|
In late February and early March, Japanese professionals in wind power will meet with a delegation of Danish offshore investors, developers and manufacturers within the wind industry. Participants will discuss how Japan can take advantage of the Danish experience on offshore wind turbines.
|Siemens secure substantial contract|
For the first time ever, Siemens Wind Power will provide a complete wind farm solution, including foundations for the EnBW Hohe See offshore project. Hohe See's owner EnBW has now taken a final investment decision for its 497 megawatt wind farm.
|DONG start Walney Extension|
DONG Energy will start construction of the 660 MW Walney Extension wind farm in Cumbria next week with the initial installation work on the seabed. To mark the launch, the developer has allocated 300.000 GBP to support and develop the commercial fishery in the eastern Irish Sea.
State revenue from North Sea was halved|
The low oil prices in 2015 meant that state revenues from the North Sea was halved to around 9,3 billion kroner, according to the financial statement, the DEA announced today. It is a halving of revenue from 2014, when revenue was approximately at 18,8 billion kroner.
Maersk Drilling changes management|
Maersk Drilling has appointed Lars Østergaard as new CCO. He replaces Ana Zambelli, who is leaving the company, says Maersk Drilling in a statement.
Goldman Sachs sells out of DONG shares|
DONG Energy A/S has received information that New Energy Investment S.à.r.l. (NEI) has initiated an accelerated bookbuilding offering to institutional investors of 26,5 million existing shares in DONG Energy, which corresponds to 6,3 percent of the outstanding shares.
New turbines should support Vestas growth|
Two new turbine models will support Vestas' strong position in the US. The US market accounted for 35 percent of all Vestas' announced orders in 2016 and the new types must bring the cost of wind production down.
|The Danish offshore took a hard hit|
The Danish offshore shipping companies have taken a hard hit by the downturn in the industry, and had to say goodbye to 275 employees last year. Berlingske Business states this. A key player in the market expects that there will be more bankruptcies this year.
|Vestas turbine smashes production record|
The world's most powerful wind turbine has again smashed the record for electricity over 24 hours. It is the upgrade of MHI Vestas 8 MW turbine, which under special conditions can manage to produce 9 MW per hour on average over 24 hours. 24-hour production was 216 MWh.
Large round of layoffs at Bladt Industries|
Bladt Industries, headquartered in Aalborg are on their way to fire up to 230 employees. 90 permanent employees equivalent to 15 percent will be fired. Around 140 non-permanent employees won't have their contracts extended when they expire.
Maersk Drilling ensures new contract|
Maersk Drilling has ensured a contract with Petrogas E&P Netherlands BV for the jack-up rig Maersk Resolute. The contract includes drilling of two wells, A8 and A9 in the A12 block in the Dutch Continental Shelf. The task is estimated to take 75 days. The contract includes an option for up to five additional wells.
DONG divestment of Oil & Gas this year|
In connection with the interim report for the first nine months of 2016, DONG Energy announced the launch of a process intended to ultimately divest its operations in exploration and production of oil and gas. Now the company claims the sale will take place in 2017.
Wind turbines taller than the Eiffel Tower |
The Danish government has presented a plan for the establishment of giant wind turbines, which with their 330 meters will be taller than the Eiffel Tower. The proposal will now be discussed in conciliation. The industry cheers as the Nature Conservation Association remains skeptical.