Industry News

Nordic funding helps Danish technology developer reach new markets

S.C. Nordic is entering Nordic markets after signing a loan agreement with an international financial institution.

“Uncertainty about onshore wind in the US has increased”

As US offshore wind struggles, massive energy demand has continued to create a good market for onshore wind turbines, but political turmoil could create renewed uncertainty, says major fund.

Power grid in imbalance: Price difference of DKK 110/kWh within on week

In the week Energinet launched new balancing market, West Danish imbalance price first set a record with DKK 36/kWh, before the East Danish price hit almost DKK 75. No system error, says TSO.

Danish energy minister must explain withheld information on energy projects

Lars Aagaard (M) will soon attend a hearing to explain why a press release was not issued.

Green Power Denmark hires new profile with military experience

”I want to help improve security,” says Asbjørn Thranov, who has started a brand new position as Emergency Response and Safety Coordinator.

Ørsted and Equinor initiate carbon storage surveys in Denmark

CO2 Storage Kalundborg has started investigating the subsurface to determine the safety of storing CO2.

EU proposes gas storage regulation extension until 2027

The European Commission has proposed to extend the current gas storage regulation until the end of 2027, aiming to secure energy supplies and stabilise the European gas market amidst geopolitical tensions and market volatility.

Green Hydrogen Systems files for restructuring

Although the rescue plan ”has progressed satisfactorily, it has not been possible to raise the necessary capital,” says chairman of the ailing electrolysis supplier.

Green Hydrogen Systems dives almost 80% after announced restructuring

On Monday, the company’s share price fell by 79.6% to DKK 0.52.

Tallgrass announces open season for the Pony Express pipeline

This open season will run for 30 days from 7 March 2025.

Naftogaz, Poland’s Orlen Partner on LNG to Boost Ukraine’s Gas Supply

Ukrainian oil and gas company Naftogaz and Polish energy group Orlen signed an agreement on Friday to cooperate in the liquefied natural gas (LNG) sector and help Kyiv to diversify its gas supplies, the companies said.

U.S. Natural Gas Prices Rise on Cold Weather, Supply Concerns Ahead of Summer

U.S. natural gas prices rose on Friday, setting their best weekly performance in two months, as colder-than-usual weather fueled concerns over supply replenishment ahead of summer when demand typically increases for power generation to run air conditioners.

Restoring U.S. Oil Reserve to Capacity Could Take Years, Cost $20 Billion

The U.S. faces a $20 billion, years-long effort to refill the Strategic Petroleum Reserve after past withdrawals, highlighting challenges in energy security and crude supply management.

Indonesia’s $1.5 Billion LNG Push Aims to Displace Diesel in Power Sector

After a decade of false starts, Indonesia is rolling out a $1.5 billion project to distribute liquefied natural gas (LNG) on a small scale to feed dozens of power plants now running on diesel via a unique hub-and-spoke model across its vast archipelago.

Explainer: Can Nord Stream Gas Pipeline Make a Comeback in Europe?

A push by the United States to end the war in Ukraine has raised questions about how companies might begin to return to the Russian market and how Europe might re-engage with Moscow, including resuming piped natural gas supplies.

Morocco Approves $32.5 Billion in Green Hydrogen Projects

A Moroccan government committee on Thursday approved green hydrogen projects aiming to produce ammonia, steel and industrial fuel worth a total of $32.5 billion.

Williams Cos. Eyes Expanding Natural Gas Infrastructure to Meet Surging Demand

At the Underground Infrastructure Conference on March 5, Glenn Koch, Vice President-Project Execution at Williams Co., addressed the growing demand for natural gas and the role underground infrastructure will play in meeting energy needs. Speaking during the Energy Pipelines Program, Koch highlighted significant increases in peak-day demand for natural gas, driven by the power sector and the rise of data centers.

DNO buys Norwegian oil company for USD 450m

Norwegian DNO has acquired all of Hitecvision’s shares in the company Sval Group.

Energinet opens up for faster electricity trading in Denmark

The first big step in doing away with the hourly principle in the electricity market has been taken. This may lead to higher prices in the beginning but will eventually reduce costs, says Energinet.

European Energy sells two projects in Lithuania

The projects have a combined capacity of 470MW.

USA Compression names Chris Wauson as Chief Operating Officer

Bringing 25 years of experience to COO role, Wauson will oversee all operational and commercial activities for the company.

Two companies want to store CO2 in marine areas off Denmark

Two applications have been submitted for permission to explore and subsequently use the Danish subsoil for carbon storage.

Enbridge reiterates strategic priorities, reaffirms financial outlook

Enbridge Inc. has released a statement reiterating its strategic priorities, demonstrating the visibility of its growth outlook, and reaffirming its financial outlook.

KK Wind’s approach to current turmoil: “We try to cut through the noise and deal with the facts” 

KK Wind, a large Danish subcontractor to the wind industry, opens a new office in the US and sees great opportunities overseas – despite the dramatic developments in American politics. 

Oil heading for biggest weekly drop since October

”It looks like the financial markets are in full panic mode and are no longer being reassured by Trump’s one-month reprieve and import tariff exemptions,” says a market analyst.

Trump pauses tariffs on Mexican and Canadian goods

Thursday, US President Donald Trump suspended tariffs on goods from Mexico and Canada until April 2.

SEB’s renewable energy fund invests in major Finnish battery storage project

The new project is the fund’s second significant investment in Finland in a short time. It will help the country on its way to becoming carbon neutral.

Iraqi Kurdistan Oil Exports Still Blocked After Failed Talks

Talks to resume Iraqi Kurdistan oil exports to Turkey ended without a deal, despite U.S. pressure to restart flows amid global supply concerns.

Sanctions-Related Payment Issues Halt Russian Oil Flow to Czech Republic via Druzhba

Payment issues linked to U.S. sanctions on Russia were behind the latest halt in oil supplies by Russia to the Czech Republic via the Druzhba pipeline, two sources familiar with the matter told Reuters.

Venture Global Plans $18 Billion Expansion of Plaquemines LNG Plant in Louisiana

Venture Global said on Thursday it would expand the total production capacity of its Plaquemines LNG plant in Louisiana to 45 million tonnes per annum (MTPA), up from the current 27 MTPA, with an additional investment of $18 billion.