Tuesday, December 11, 2018

Dong Energy News

Orsted's Offshore Wind Power Profits Breeze Ahead

Image: Orsted

Danish wind power giant Orsted sees surge in earnings from offshore wind, driving interim profits up 14 percent and earnings up 32 percent  for the first nine months of 2018.The world’s largest wind farm operator, formerly known as Dong Energy said…

Orsted Lifts 2018 Outlook

(Photo: Orsted)

Danish energy group Orsted posted third-quarter profit well above analyst expectations on Thursday and lifted its outlook for the year, in part thanks to the contribution from new offshore wind projects.Orsted now expects EBITDA for the year excluding…

Cubility Launches MudCube X

Photo: Cubility AS

Cubility AS, a provider of solids control solutions that improve efficiencies, solids control and HSE around drilling operations, has launched the latest evolution of its industry leading solids control solution, the MudCube X. Building on the capabilities of the MudCube as a field-proven…

Orsted Buys US Onshore Wind Developer LCE

© marchello74 / Adobe Stock

Danish energy group Orsted has agreed to buy U.S. onshore wind farm developer Lincoln Clean Energy (LCE) in a $580 million deal, aiming to gain a foothold in what it sees as a key growth market.The acquisition is the latest move for Orsted as it…

Taiwan: The Next Battleground for Offshore Wind

© Yauhen Suslo / Adobe Stock

Taiwan is becoming the next battleground for the world's top offshore wind developers as they seek a foothold in Asia for a technology that has been expanding fast in Europe.Taiwan announced results on Monday of its first major offshore wind farm…

Orsetd, Formerly Dong Energy, Sued over Name Change

(Photo: Orsted)

The descendants of Danish scientist Hans Christian Orsted will take legal action on Friday against one of Denmark's biggest companies over its decision to change its name to Orsted, their lawyer said. DONG Energy, the world's largest developer of offshore wind farms…

Offshore Wind Firm Orsted Q3 EBITDA Lags

(Photo: Orsted)

Danish energy group Orsted , formerly known as DONG Energy, posted third-quarter profits well below analyst expectations on Wednesday as proceeds from a wind farm sale will be booked later than expected. The firm reported earnings before interest…

U.S. Wind Prospects Soar as Trump Signals Support

File Image: A U.S.built (Blount Boats), Jones Act compliant fit-for-purpose Wind Farm Support Vessel races to another assignment.

The United States signed a deal with Denmark on Thursday to expand cooperation on offshore wind power, giving a boost Europe's biggest green energy players. Danish companies DONG Energy and Vestas had feared the nascent U.S. offshore wind sector…

CWind Awarded TP Gate Contract

(Photo: CWind)

Offshore wind industry services provider CWind said it has been awarded a contract by DONG Energy, to install new and retrofit existing gates on the transition pieces (TPs) at the Gode Wind and Borkum Riffgrund offshore wind farms, located in the North Sea off the coast of Northern Germany.

New Energy Investment to Sell 1.8% Stake in Dong Energy

(File photo: Dong Energy)

New Energy Investment, indirectly owned by investment bank Goldman Sachs, is selling a 1.78 percent stake in Danish utility and offshore wind farm developer Dong Energy. Goldman Sachs said on Wednesday it had launched the sale of the 7.5 million…

DONG Energy Beats Forecasts

File Image (CREDIT: Siemens)

Denmark's DONG Energy beat second-quarter profit forecasts on Thursday and said the start-up of more projects and a fall in construction costs would generate more cash, possibly making way for higher shareholder returns in coming years. DONG, the world's largest owner of offshore wind power…

European Oil Majors Enter U.S. Offshore Wind Markets

File Image: CREDIT CWind

Statoil, Shell, DONG Energy turn to U.S. offshore wind; oil firms bring big budgets, offshore tech and risk experience. Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience…

Germany: 900 MW of New Offshore Wind in 2017

File Image: Credit CWind

Industry groups want higher long-term expansion targets; say latest auctions prove costs coming down. Germany connected 626 megawatts (MW) of newly built offshore wind capacity to power grids in the first six months of this year and expects to see total installations of 900 MW in the full year…

LiDAR Technology for Wind Measurement

Photo: LiDAR

Wind measurement experts gathered in London claimed that LiDARs have been replacing met masts to become the sole wind measurement tool used for offshore resource assessment and power curve verification purposes. These experts stated that LiDAR technology…

Virgina Offshore Wind Project Moves Forward

One of DONG Energy's turbines in the U.K. (Photo: DONG Energy)

An offshore wind project in the U.S. mid-Atlantic is moving forward, as project owner Dominion Energy Virginia has signed an agreement and strategic partnership with DONG Energy to build two 6-megawatt turbines 27 miles off the coast of Virginia Beach.

DONG, CWind Extend Crew Transfer Vessel Contract

Photo: CWind

CWind, a provider of services to the offshore wind industry, informs that DONG Energy, one of the key energy groups in Northern Europe, has granted CWind a two-year extension to its existing three-year Crew Transfer Vessel contract at the West of Duddon Sands Offshore Wind Farm in the Irish Sea.

Wind Power's Big Bet: Colossal Turbines

File photo: DONG Energy

Wind farm operators are betting on a new generation of colossal turbines, which will dwarf many skyscrapers, as they seek to remain profitable after European countries phase out subsidies that have defined the green industry since the 1990s. The…

Faroe Islands Looks to Restart Hunt for Oil and Gas

Oil companies are interested in restarting the hunt for oil and gas in the scarcely explored seas off the Faroe Islands neighbouring the more mature UK North Sea, the head of the Faroese Geological Survey said. No economically viable discoveries…

Nations, Industry Pledge EU Offshore Wind Expansion

© philipbird123  / Adobe Stock

Germany, Denmark and Belgium joined with 25 companies on Tuesday to back a pledge to increase Europe's offshore wind capacity almost fivefold in the next decade. The joint declaration, signed by energy ministers for the three countries and firms including Dong Energy and Siemens Gamesa…

DONG to Sell O&G Business to Ineos for $1.3 Bln

File photo: DONG Energy

Danish utility and offshore wind farm developer DONG Energy has agreed to sell its oil and gas business to petrochemicals firm Ineos for $1.3 billion, it said on Wednesday, the latest in a string of North Sea deals. The sale is a blow to shipping group A.P.