Posts Tagged ‘Equinor’
Equinor Takes $1 Bn Hit From US Wind Farm Regulations, Tariffs
Norwegian energy company Equinor said on Wednesday that its giant offshore wind project in New York — once halted by the US administration — had lost nearly $1bn in value following regulatory changes and tariffs. Equinor chief executive Anders Opedal said the company’s net operating income had been hit by a $955 million impairment related…
Read MoreEquinor halts Vietnam offshore wind plans, to close Hanoi office
NORWAY’S state-controlled energy giant Equinor has cancelled plans to invest in Vietnam’s offshore wind sector, a company spokesperson told Reuters, in a setback for the South-east Asian country’s green power ambitions. Vietnam has attracted international interest in its renewables plans because of its strong winds in shallow waters near coastal, densely populated areas, according to…
Read MoreBP And Equinor Scrap Plans For Empire Wind II Project In New York
BP and Equinor have canceled plans for a 1.3 GW offshore wind energy facility off of Long Island’s southern coast, the companies jointly announced Wednesday. Empire Wind II is the second stage of an offshore wind project in New York state waters with 2.1 GW in proposed capacity, enough to provide electricity for 700,000 homes.…
Read MoreOil Prices Rebound After Houthi Attacks In Red Sea; BP, Equinor Pause Shipping Through Suez
The price per barrel for Brent Crude oil opened at $75.00 on Thursday, up 9.3% relative to last Tuesday’s low of $68.61, as tensions in the Red Sea remain high following a string of attacks on shipping by Yemen’s Houthi rebels. AFP Dozens of incidents have been reported since mid-October, intensifying in early December, of…
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