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Daily (06.12.2019): German spot power down 26% on Thursday on strong wind output

Crude oil prices evolved differently on Thursday, with WTI prices ending flat and Brent slightly up as traders awaited a decision on output from major oil producers. Brent crude rose by 39 cents, or 0.6%, to settle at $63.39 a barrel, after a hike of 3.6% in the previous session. WTI crude remained unchanged at $58.43 a barrel on the NYMEX, after surging by 4.2% the previous day. A committee of oil producers led by Saudi Arabia and Russia recommended on Thursday that the group increase their current oil production cuts by 500,000 barrels a day.

read more... 06/12/2019


Saipem wins two offshore windfarm contracts worth €750m

Italian engineering firm Saipem has been awarded two contracts worth €750m to help build two windfarms off the coasts of Scotland and Taiwan.

read more... 02/12/2019


Wind power ‘will drive 30% of global electricity production by 2050’

Huge offshore potential around the world will help wind power drive around 30% of global electricity production by 2050.

read more... 29/11/2019


Orsted unveils 5GW energy island vision

Orsted is planning to establish the island of Bornholm as Denmark's first offshore wind cluster interconnecting with two to three neighbouring countries to deliver up to 5GW of power.

read more... 26/11/2019


France proposes to build 1-GW wind park off Normandy

The French government on Monday unveiled plans for the construction of a 1-GW wind fark off the coast of Normandy.

read more... 20/11/2019