Industry News

Climentum Capital reaches EUR 60m in first close of second climate tech fund

EIFO is a returning investor in Climentum, while the EIF and IDA are investing for the first time. The firm has now raised 60% of its target for its second fund.

Aker BP earned more, but produced less in Q2

The Norwegian oil company produced 383,600 barrels per day in the second quarter. 

Work stoppages averted: Unions secure wage and pension increases in new Norwegian offshore rig deal

Settlement averts planned work stoppages and locks in higher pay, allowances and rising pension contributions for thousands of offshore workers.

For the first time: China’s Envision loses millions in Denmark

For the first time ever, the Danish division of the Chinese wind turbine manufacturer Envision has posted a million-kroner loss.

Danish TSO Energinet appoints former minister as new chairman

Serial entrepreneur and former Danish Liberal Party minister Tommy Ahlers has been appointed as the system operator’s new board chairman.

Norwegian Armed Forces warn against Utsira Nord

The Norwegian Armed Forces say the planned offshore wind farm could significantly affect NATO weapons and sensor testing off Rogaland.

Hydro and Eviny acquire Fred. Olsen Renewables’ Høyanger interests to consolidate wind projects into one scheme

Hydro and Eviny have bought out Fred. Olsen Renewables’ overlapping land agreements in Høyanger, and the two competing wind projects there will now be merged into a single project.

Nordex to supply 197MW in Germany

The agreements include 20-year service contracts.

Developer needs market upturn next year to stay afloat: “The upside is we’re still around”

Swedish floating wind developer Hexicon’s CEO Marcus Thor is optimistic that the market has finally ”hit rock bottom.” If not, things will start looking ”difficult” for the Pentland participant. 

Wind service supplier adds Australian acquisition to long list

Australia-based Nati Access Company will now become a part of Danish Muehlhan Wind Service’s platform. 

Vattenfall starts offshore construction of Germany’s largest wind project

First monopile for Nordlicht I installed in the North Sea as the 1.6 GW cluster moves into its main construction phase.

Service company retains Russian subsidiary to protect IP and technology

A Russian seizure of Welltec’s assets in the country ”cannot be ruled out,” states the Danish oil and gas service company in its annual report. 

OX2 to build co-located battery storage at FagerĂĽsen wind farm in Sweden

New 50 MW storage project will be owned by OX2 and is planned to be online by the end of 2027.

Oslofjord Varme buys Å Energi’s stake in Drammen Fjernvarme

Oslofjord Varme takes full ownership of the district heating company and plans new investments.

Aker BP halts oil production following strike and lockout

Aker BP has closed production at the Tambar field due to labor dispute on the Norwegian continental shelf. Neither Offshore Norway nor Equinor will comment specifically on other affected operations.

Harbour Energy begins gas production six months ahead of schedule and under budget

The Dvalin Nord field in the Norwegian Sea has come on stream six months ahead of schedule and below the NOK 8bn budget.

New office to secure Polytech’s spot on India’s growth train

Polytech expects high growth rates in India in the coming years. Proximity to customers and improved supply chains are expected to ensure that the wind energy supplier secures its share of the market.

Wind power accounts for growing share of Germany’s electricity consumption

Wind power now accounts for more than half of Germany’s electricity consumption.

Mediation underway: Another strike could hit Norway’s continental shelf on Friday

Negotiations regarding the floating rigs have begun, and nearly 600 members of Safe and Styrke have announced their intention to resign. 

Wood Mackenzie puts ÂŁ18 billion price tag on North Sea policy choice facing incoming Prime Minister

New analysis examines the many forms of upside and downside risks facing the UK North Sea.

Welltec eyes debt-free future after tough period: “It has been a quite decent year”

Welltec paid out dividends for the second time in a row in 2025 after several years with high debt. 

Aker Solutions receives offshore wind order for up to EUR 353m

The company will supply the substructure for an HVDC platform for a European offshore wind project.

Equinor secures Transocean rigs for USD 1bn

The energy giant plans to use three of Transocean’s Cat D rigs to reduce well costs and increase production through 2035. 

Mingyang hires profile from Vestas

“I’m very excited to meet my new colleagues and to keep on contributing to the growth of renewable energy in Europe,” Corinna Brandt states on Linkedin.

SCAIP SPD Series: Padding Solutions for Pipelines

Engineered to perform reliably across the world’s most demanding climates

GlobalData: Oil and gas companies advance adoption of industrial internet to oversee operations

New report says that the global oil and gas sector is witnessing a growing adoption of IIoT in the upstream, midstream, and downstream segments.

Spain’s Audax warns against Fortum’s bid for Elmera

Audax believes Fortum’s acquisition could face antitrust obstacles, creating uncertainty over its completion..

Analyst notes strong demand for Vestas turbines: “They can’t wait”

Orders are pouring in at Vestas, and there are good reasons for that, according to an experienced analyst.

Vestas secures five orders in Germany for 142MW

Two orders were received from the customer Energieplan Ost West for the Drenke and Austerdahl-Bohnenstelle projects.

Jysk Energi on divestiture: Biogas has become a market for the biggest players

Jysk Energi has sold its stake in the biogas company DBC and is divesting all of its equities. Major investments were on the horizon, explains CEO Lars Naur.