Equinor's second-quarter earnings were overshadowed by a big write-down of the company's Empire Wind project off New York and a related offshore wind terminal.
Equinor confirmed Wednesday a $955 million write-down on the book value of its US Empire Wind project, which Washington briefly halted, and a related offshore wind terminal, underlining the high corporate cost of US President Donald Trump’s opposition to offshore wind.
Trump administration has twice brought work on offshore wind farm being developed off New York to a shuddering halt through stop…
The results come shortly after the company announced it had reached a deal to sell a 50% stake in its Hornsea 3 offshore wind…
Norwegian energy group Equinor on Monday pledged to support Denmark's Orsted with almost $1 billion of fresh capital.
Ørsted seeking to raise £7bn from new stock offering as it battles industry downturn
The underlying risks that temporarily halted construction on the New York Empire Wind project remain, both for Empire and other…
Uptick in capital expenditure has been offset by boost in investment tax credits
