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Equinor Completes Farm Down of Dogger Bank A and B

Equinor has closed the agreement to sell a 10% interest in Dogger Bank A (1,200 MW) and Dogger Bank B (1,200 MW) assets to Eni.

As part of this transaction Eni has also completed the agreement to purchase a 10% interest in the Dogger Bank A and Dogger Bank B assets from project partner SSE on the same terms.

Following this transaction, the new overall shareholding in Dogger Bank A and Dogger Bank B is SSE Renewables (40%), Equinor (40%) and Eni (20%).

Eni entered the Dogger Bank A and B assets effective from financial close of project financing which was reached on 25 November 2020. The total consideration received at closing is GBP 206.4 million.

The farm down to Eni is Equinor’s third offshore wind transaction in less than two years. The three transactions combined (divestments of non-operated interests in Arkona, Empire Wind /Beacon Wind and Dogger Bank A and B projects) generated an accounting gain of approximately USD 1.5 billion.

Equinor divested around 2.5 GW capacity in the different project’s stages for the cash consideration just under USD 2 billion. This demonstrates the company’s track record in consistently capturing value from world class assets.

The A and B phases of the Dogger Bank Wind Farm reached financial close at competitive terms underlining the attractiveness of the UK offshore wind assets and the confidence in the joint venture.

The third phase of the wind farm, Dogger Bank C (1,200 MW), is being developed under a different timeline. There is no change to the ownership of this phase, in which Equinor and SSE each have a 50% stake.

Equinor Completes Farm Down of Dogger Bank A and B

Shell Annual Outlook: 2020 LNG Demand Holds Steady

Global liquefied natural gas (LNG) trade increased to 360 million tonnes in 2020, according to Shell’s latest annual LNG Outlook published on February 25, 2021, despite the unprecedented volatility caused by the COVID-19 pandemic which resulted in lockdowns around the world.



Shell Annual Outlook: 2020 LNG Demand Holds Steady

Aker Solutions Wins FEED Contract for Empire Wind Project in the U.S.

Aker Solutions has signed a front-end engineering and design (FEED) contract with Empire Offshore Wind LLC to study the design and delivery of concrete foundations for the wind turbine generators (WTG) for the planned Empire Wind project in New York. Empire Wind is being developed by Equinor and BP through their 50/50 strategic partnership in the U.S.

Aker Solutions Wins FEED Contract for Empire Wind Project in the U.S.

Eco Wave Power Wins the Global Innovation Award 2021

Eco Wave Power (EWPG Holding AB) a Swedish-Israeli wave energy developer, won the public voting for the Global Innovation Award, in the “Life Under Water” category at Abu Dhabi Sustainability Week. The company’s innovative wave-to-energy solution generates clean electricity from ocean and sea waves.

Eco Wave Power Wins the Global Innovation Award 2021

Maersk to Operate the World’s First Carbon Neutral Liner Vessel by 2023

Fast-tracked by advances in technology and increasing customer demand for sustainable supply chains, A.P. Moller - Maersk accelerates the efforts to decarbonize marine operations with the launch of the world’s first carbon neutral liner vessel in 2023 - seven years ahead of the initial 2030-ambition.

Maersk to Operate the World’s First Carbon Neutral Liner Vessel by 2023

Save the Date for Offshore Energy Exhibition & Conference 2021

Offshore Energy Exhibition and Conference (OEEC) will take place in Amsterdam RAI on Tuesday and Wednesday, October 26-27, 2021. The 14th edition of OEEC will have a physical exhibition floor and content program combined with an online event and matchmaking environment. The dates for the event were selected after an inquiry amongst our community.

Save the Date for Offshore Energy Exhibition & Conference 2021
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