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The Norwegian oil and gas company Equinor has entered into an agreement with South Korea's Korea East-West Power to build Donghae 1, the floating wind farm in South Korea, which will be the first in Asia. The message from the Norwegian company states that a project consortium will be formed for the feasibility study of the project, upon completion of which the construction of the facility will begin in 2022, as expected. Thus, in 2024, the supply of electricity from the new offshore wind farm, which is expected to be the largest in the world, can begin. In size, it will be 2 times larger than the Norwegian station Hywind Tampen. Its commissioning will further enhance the competitiveness of offshore wind energy.
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
Oil prices dropped on Wednesday as the inventory build in U.S. industry data exceeded expectations, while coronavirus cases continue to surge in the United States, the world’s biggest oil consumer. The American Petroleum Institute reported ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
Oil prices fell in early Wednesday trade as a build in U.S. crude inventories and a forecast for U.S. crude production to fall less than expected added to oversupply concerns. Brent crude futures lost 0.3%, or 13 cents, at $42.95 per barrel. ...
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