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OSLO (Reuters) – The first tender to build commercial floating offshore wind farms in Norway has attracted bids from two consortia, the energy ministry said on Monday. The applicants were a group consisting of Equinor and Eni’s Vaargronn, and another comprising Deep Wind Offshore Norway AS and EDF Renouvelables International, the ministry said. Norway in …

Norway’s first floating wind tender attracts two bids Read More »

By Stine Jacobsen COPENHAGEN (Reuters) – Danish offshore wind developer Orsted will offer heavily discounted shares in its $9.42 billion rights issue to raise funds as U.S. President Donald Trump’s resistance to renewable energy projects curtails its activities in the United States. Orsted has expanded rapidly over the past decade through an aggressive financing model, …

Offshore wind group Orsted sets deep discount for share issue as Trump policies hit US projects Read More »

By Madeline Chambers and Christoph Steitz BERLIN/FRANKFURT (Reuters) – Rheinmetall has agreed to buy Luerssen Group’s warship division, NVL, as the German defence group seeks to expand in Europe and tap increased military spending across the continent. The move announced on Sunday by Rheinmetall, Europe’s biggest ammunition maker, comes as a long-awaited consolidation in Germany’s …

Rheinmetall to buy warship maker NVL in latest expansion push Read More »

By Andrew MacAskill LONDON (Reuters) – The United States and Britain will announce agreements on technology and civil nuclear energy during U.S. President Donald Trump’s unprecedented second state visit this week, as the UK hopes to finalise steel tariffs under a much-vaunted trade deal. Trump and his wife, Melania, will be treated to a display …

UK and US to announce tech, energy deals during Trump visit Read More »

By James Davey LONDON (Reuters) – The British arm of German discounter Aldi said it would invest 1.6 billion pounds ($2.2 billion) over the next two years to accelerate store expansion, doubling down on its commitment to the UK market despite a 21% drop in annual profit. Aldi UK, Britain’s fourth largest grocer, on Monday …

Aldi UK to ramp up store expansion despite profit fall Read More »

By America Hernandez CAIRO/PARIS (Reuters) – French oil major TotalEnergies has launched the second development phase at Iraq’s Ratawi oilfield and has begun building an accompanying seawater treatment plant, it said on Monday, the final stages of a $27 billion multi-energy project. The project aims to boost Iraq’s oil, gas and power production, reduce imports …

TotalEnergies launches final phase of $27 billion Iraq energy project Read More »