Vestas spend billions buying back shares
The Board of Vestas Wind Systems A/S has decided to build a share repurchase program with the intention of repurchasing up to 1,500 million Danish kroner, which is approximately 200 million Euro. The repurchase will happen in the period between 12 February 2018 and 3 May 2018.
Ørsted sits brilliantly at the top in Europe|
Ørsted is ahead of its competitors and took first place as the largest owner of offshore wind farms in Europe, while MHI Vestas had to settle for second place on the list of which company has the most wind turbines installed. Bladt took third place on the list of who has most foundations installed.
Disaster struck Maersk-rig gets new project|
The Petroleum Safety Authority Norway has given Aker BP permission to use the Maersk Interceptor jackup rig at the Ivar Aasen field in the North Sea. The rig will drill and complete the project of building two water injection wells. The rig made headlines worldwide in December 2017 due to a tragic accident.
Siemens’ first turbine in Walney is running|
A Siemens Gamesa 7MW wind turbine has generated its first power in the second and final stage of Walney Extension, which will become the world's largest wind farm, when the establishment is done later this year. The company in charge of developing the wind farm, Ørsted has stated.
Maersk Supply closes deal in Australia |
Maersk Supply Service has signed a contract with Quadrant Energy for two Starfish vessels. From March 2018, Maersk Supply Service's two first Starfish-class anchor handling vessels, Maersk Master and Maersk Mariner, built in 2017, will be part of a Quadrant Energy contract in Western Australia.
|Deepwater Horizon costs BT extra 1,7 Billion |
BP is now ready to pay 1.7 billion dollars to shut down the last of the legal requirements in connection to the Deepwater Horizon accident in 2010, which is the worst oil disaster in history. The accident, which left 11 workers deceased and resulted in the release of 4.9 million barrels of petroleum, has cost BP more than 60 billion dollars so far.
|Ørsted plans to expand in Taiwan|
Danish energy company Ørsted has signed four Memorandum of Understanding (MoU) agreements in Taiwan, which entail exchanging knowledge of offshore wind power and how to expand their industry. Ørsted has signed a MoU with National Kaohsiung University of Science and Technology (NKUST).
Ørsted exceeds prior expectations for 2017|
Based on the current unrevised statements, energy company Ørsted expect the operating results (EBITDA) for 2017 to amount to approximately 22,5 billion Danish kroner. This is an improvement compared to the company’s prior expectations, which was 21 billion kroner.
Maersk Drilling gets rig contract extended|
Maersk Drilling has extended the contract on the jack-up rig Maersk Intrepid of Total E & P Norge AS. The rig has worked for Total at the Martin Linge field in the Norwegian part of the North Sea since 2014. The contract has now been extended by 196 days with the possibility of a further 61 days.
Maersk Drilling sells last business in Egypt |
Maersk Drilling has decided to sell its 50 % share of the Egyptian company, Egyptian Drilling Company, to Egyptian General Petroleum Corporation (EGPC) for 100 million Dollars. The organization already owned the other half of the company.
Viking Supply Ships once again in deficit|
Viking Supply Ships AB had to note a net deficit of 99 million SEK, in the third quarter of the year. This was a little worse than during the same period of 2016, where the company had a deficit of 93 million. Revenue of continuing activities was of 93 million SEK in contrast to 235 million in 2016.
|Maersk-rig re-opens preceding fatal accident|
Aker BP has reopened production at the Tambar Oil field on the coast of Norway. The production was shut down on the 7th of December as a result of an accident having occurred, which cost a man his life while another man was injured during maintenance work at Maersk’s Intercepter jackup rig.
|Ørsed closes the deal on Borkum Riffgrund 2|
Ørsted has finalized the divestment of part of their offshore wind farm Borkum Riffgrund 2. In August the price of the purchase was set to 1,17 billion EUR, something close to 8,7 Danish Kroner. The project is being constructed in the German part of the North Sea. Dong Energy are in charge of the construction.
One dead after Maersk Interceptor accident|
A Norwegian employee of the Maersk Drilling platform, Maersk Interceptor, has died after a serious accident yesterday. The accident hit two employees, but the other is under medical treatment and not in critical condition.
Semco signs important Ørsted-contract|
Danish energy company Ørsted has chosen Semco Maritime to build the electric and mechanical basic design of a 1,4 GW offshore transformer substations in the Hornsea Project Two offshore wind farm.
EU approves Totals purchase of Maersk Oil|
The European Commission has approved the French oilcompany Total’s purchase of Maersk Oil, the EC writes in its newsletter. The deal was announced by Maersk Oil in August and a final date for the EC decision, was set for Friday this week.
Viking Supply postpones Q3 financial statement once again |
Viking Supply Ships AB has for the second time postponed the annual report of the results for the third quarter of the yea. According to the financial calendar, the report was supposed to be finalized on the November 22. 2017, but on November 21 it was postponed to November 30. The record will become public in the near future, although no date has been announced.
|Ørsted adjusts Hornsea Three cable route|
Ørsted has requested comments on the proposed changes on the land and sea cable corridor for the Hornsea project. Following statutory consultation on the project from July to September 2017, Ørsted identified places where the cables must be placed in addition to the first proposed corridors.
|Ørsted will prequalify geophysical companies|
Following the launch of qualification for geophysical investigation services, Ørsted has now invited geotechnical investigators to register on the company's qualification platform so that they can become prequalified for participation in future unions.
Siemens Gamesa fires 600 in Denmark|
Siemens Gamesa will fire 6000 employees worldwide and 600 of them will be from Denmark. The employees have not yet been notified who will be fired and that frustrates the staff representative, writes DR.dk
Esbjerg company wins order from Ørsted|
MH-O&Co in Esbjerg has won an order from Ørsted to deliver three ships for the transfer of crew to Ørsted's Hornsea Project One in the British part of the North Sea. The order includes two Stratcat 26 ships from Rix Sea Shuttle and a brand-new ship from MH-O & Co, not yet built.
Danish offshore wind campaign in the USA|
Following the growing interest of Danish companies in the fast-growing offshore wind turbine sector in the North American market, the Export Council in North America is conducting an offshore wind event in the summer of 2018 in collaboration with Offshoreenergy.dk.
Esvagt is successful with new SOV vessels|
When Esvagt launched the world's first two SOVs, Esvagt Froude and Esvagt Faraday in spring 2015, there were high expectations for the new ship type and service concept. Esvagt's groundbreaking SOV concept has exceeded all expectations, but the potential is far from fully utilized yet.
|European cooperation on turbine wings|
A major international research collaboration between 10 European partners has gained EUR 4 million to develop seven new wind turbine technology technologies, which can lower the overall energy cost of offshore wind energy by up to 4,7 percent.
|Ørsted is already approaching 2025 goals|
Ørsted, formerly DONG Energy, is already approaching its goal, which was announced at the beginning of this year, to have wind power of 11-12 GW installed by the end of 2025. Right now, Ørsted has installed or signed contracts of almost 9 GW.
PTC proposals affect Vestas shares |
The Vestas share promptly plummeted on Friday, following the Trump government's tax proposal, which promises tax cuts, but at the same time proposes to change the rules for the PTC renewable energy scheme. It affects Vestas, which has the US as its largest market.
Pension companies buy half of Ørsted park|
Ørsted - former DONG Energy - sells 50% of the Walney Extension offshore wind turbine project to the two Danish pension companies PFA and PKA, each holding a 25% stake. The park will be the world's largest offshore wind farm when it is put into operation in the second half of 2018.
The world's longest submarine cable|
Today, the Minister of Energy has given the green light to the 750 km Viking Link power cable between Denmark and the UK at a price of approximately 11 billion DKK. It will be the world's longest DC power cable and will ensure Denmark high security of supply and better electricity trading opportunities in the future.
DONG's name change to Ørsted adopted|
At the extraordinary general meeting today, DONG Energy A/S decided to change the company's name to Ørsted A/S. As a result of the name change, the company's stock symbol changes to Ørsted. The change will go into force at the commencement of trading on October 31, 2017.
|Denmark and the US in offshore wind coop|
Despite a huge potential, it is only a vanishingly small part of the United States power supply, which comes from offshore wind. A new collaboration, which the Minister of energy, supply and climate Lars Chr. Lilleholt has agreed with US Interior Minister Ryan Zinke, might help change.
|Kriegers Flak seeking accommodation unit|
Energinet and 50Hertz Transmission GmbH are looking for a jack-up rig or a vessel that can offer housing and other services for crew and staff. The unit must be located next to a wind turbine substation at the Kriegers Flak wind farm in the Danish part of the Baltic Sea.
K2 Management advises Triton Knoll|
K2 Management, headquartered in Viby, has been appointed by Triton Knoll Offshore Wind Farm Ltd to provide independent technical and commercial advice in connection with the 860 MW wind turbine project in the UK.
K2 Management secures deal with Taiwan|
The Executive Director of the danish K2 Management Henrik Stamer and Managers of the Taiwan Institute for Economic Research and CR Classification Society signed a Memorandum of Understanding on marine engineering projects on September 7 at the International Maritime Museum in Hamburg.
Locations for offshore wind turbines missing|
The government has ambitions to double the amount of ocean wind in Denmark, but has not done anything to initiate a screening of the Danish ocean area to figure out where to begin. This is criticized by Dansk Rederier and other business organizations.
Offshore sees opportunities in disruption|
At the offshoreenergy.dk annual meeting in Odense, disruption was at the top of the agenda with a call for cooperation and courageous innovation among the major Danish actors in the field. Over 200 participated in the annual meeting.
|Goldman Sachs gets big DONG profit|
New Energy Investment S.à.r.l. , NEI, located in Luxembourg, which is indirectly owned by companies controlled by Merchant Banking Division of Goldman Sachs Group, Inc. has completed the sale of 11,435,215 existing shares in DONG Energy A/S.
|Assodivers get Kriegers Flak CGS contract|
Energinet.dk and 50Hertz have chosen the Greek-based Assodivers for cable digging work on Kriegers Flak Combined Grid Solution (CGS), a project connecting the Danish and German electricity networks via the Kriegers Flak and Baltic 2 wind farms.
Offshore wind can meet Paris goals|
Offshore wind technology can help reach the COP21 targets from Paris and generate 6,100 TWh annually from 2040. But it is necessary that there is political will behind the desire. The Danish vice president of Siemens Gamesa, Bent Christensen, stated this at the opening of this year's Offshore WIND Conference in Amsterdam.
Vestas employee hit in the head|
A 37-year-old woman was hit by a collapsed turbine on MHI Vestas Offshore Wind in Nakskov on Thursday evening. The woman was flown to Rigshospitalet in Copenhagen. Her condition is still critical on Friday morning.
MHI Vestas opens factory in Esbjerg Harbor|
MHI Vestas Offshore Wind has opened its latest production facility in Denmark as the company continues to increase its production capacity to meet strong demand for its V164 turbine platform. The platform is the world's most powerful wind turbine with an effect of up to 9.5 MWh.
Horns Rev 3 foundations are ready |
The first monopile foundations for Vattenfall's 400 MW Horns Rev 3 offshore wind farm are expected to ship from the port of Esbjerg on 9 October. The foundations will be located on GeoSea's installation vessel Innovation and transported to the installation site approximately 29 kilometers from the coast