Norwegian energy giant Equinor has announced it has formed a consortium to build a floating wind project off the shores of South Korea.
The big ticket buyout of renewable electricity from Equinor’s Hywind project could make it a “stronger business” in the sector, according to a top energy analyst.
Italian oil and gas contractor Saipem Group has posted pre-tax losses of £185 million for 2018.
Scottish offshore wind bosses have told those working in the oil and gas supply chain to "do their homework" before pitching business to the sector.
Norwegian energy giant Equinor has announced the assembly site for its second floating wind project.
The floating wind sector must "attract private equity" if it is to emulate the success of bottom fixed offshore wind projects, a WindEurope report has said.
The north-east of Scotland has the best conditions in the UK for floating offshore wind projects, a joint industry report has said.
Norwegian energy giant Equinor confirmed yesterday that it would invest £10 billion in renewable energy to 2030.
Norway's energy minister hinted this week that a second incarnation of the Hywind Scotland floating wind project would be welcomed off the Scandinavian country's coast.