Podcasts about Equinor

Allen covers court victories allowing Empire Wind and Revolution Wind construction to resume, while Vineyard Wind joins the legal fight. In the UK, EnBW walks away from Mona and Morgan with a $1.4B write-off, even as KKR and RWE announce a $15B partnership for Norfolk Vanguard. Plus Ørsted’s leaked “Project Dragon” reveals the offshore giant is considering Chinese turbines, and Fortescue breaks ground on Australia’s Nullagine Wind Project using Nabrawind’s self-erecting tower technology. Sign up now for Uptime Tech News, our weekly newsletter on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on YouTube, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary’s “Engineering with Rosie” YouTube channel here. Have a question we can answer on the show? Email us! Last week I told you about Equinor’s ultimatum. Resume construction by January sixteenth… or cancel Empire Wind forever. Well… the courts have spoken. Last Thursday, Judge Carl Nichols issued his ruling. Empire Wind can resume construction. The harm from stopping, he said, outweighs the government’s concerns. One day earlier, Ørsted won the same relief for Revolution Wind. And now Vineyard Wind has joined the fight in Massachusetts. Three projects. Three courtrooms. Two victories and one victory yet to come. Meanwhile in Britain… a different kind of drama. German utility EnBW announced Thursday it is walking away from two major UK projects. Mona and Morgan. Three gigawatts of potential capacity. The cost of leaving? One point four billion dollars in write-offs. Eight hundred forty million pounds already paid… gone. Rising costs. Lower electricity prices. Higher interest rates. Their partner, Jera Nex BP, says they still see good pathways forward. But EnBW has had enough. Yet in the very same week… Investment giant KKR and German utility RWE announced a fifteen billion dollar partnership. Norfolk Vanguard East and West. Three gigawatts. One hundred eighty-four turbines. Power for three million British homes. Big winners and losers. In the same market. In the same week. Danish media outlet Berlingske obtained a confidential report from Ørsted’s procurement department. The world’s largest offshore wind developer… is exploring whether to buy turbines from China. They call it Project Dragon. The plan covers twenty-twenty-six through twenty-twenty-eight. CEO Rasmus Errboe told reporters they continuously evaluate all technologies and suppliers. Quality. Technical capabilities. Commercial conditions. He did not deny the report. For years, European developers have resisted Chinese turbines. Fear of losing their industry to China… just like they lost solar manufacturing a decade ago. But Ørsted is under pressure. In Australia, Fortescue has broken ground on its first wind project in the Pilbara. The Nullagine Wind Project. One hundred thirty-three megawatts. Seventeen turbines. But here is what makes it special. Nabrawind’s self-erecting tower technology. Hub height of one hundred eighty-eight meters. A new global benchmark for onshore wind. No giant cranes required. Fortescue plans two to three gigawatts of renewable energy across the Pilbara by twenty-thirty. Wind. Solar. Batteries. To power their mining trucks. Their drills. Their processing plants. Last week we talked about Equinor’s deadline. About Ørsted losing one and a half million euros every single day. About billions in limbo. This week… the courts stepped in. Empire Wind resumes. Revolution Wind continues. Vineyard Wind fights on. All while the North Sea quietly crossed a milestone. One hundred one operational wind farms. Thirty gigawatts of clean power. More than any body of water on Earth. Some companies are walking away. Others are doubling down with fifteen billion dollar bets. The wind industry is evolving very quickly. And that’s the state of the wind industry for the 19th of January 2026. Join us tomorrow for the Uptime Wind Energy Podcast.

This Day in Legal History: 18th Amendment to the US ConstitutionOn January 16, 1919, the 18th Amendment to the United States Constitution was ratified, marking a pivotal moment in American legal history by establishing the prohibition of alcoholic beverages. The amendment prohibited “the manufacture, sale, or transportation of intoxicating liquors” for consumption in the United States and its territories. It was the culmination of decades of temperance activism, led by organizations such as the Women's Christian Temperance Union and the Anti-Saloon League, which argued that alcohol was responsible for societal problems including crime, poverty, and domestic violence.The amendment passed Congress in December 1917, but ratification by the states was required for it to take effect. That threshold was reached on January 16, 1919, when Nebraska became the 36th state to ratify it. One year later, on January 17, 1920, the Volstead Act—the federal statute enforcing the amendment—went into effect, ushering in the Prohibition era.However, the law led to unintended consequences. Rather than curbing alcohol consumption, it fueled the rise of organized crime, as bootleggers and speakeasies flourished across the country. Enforcement proved difficult and inconsistent, and public support for prohibition waned through the 1920s.Ultimately, the 21st Amendment repealed the 18th Amendment on December 5, 1933, making it the only constitutional amendment ever to be entirely repealed. The legacy of the 18th Amendment remains significant as a historical experiment in moral legislation and the limits of constitutional power.A federal judge in Virginia will soon decide whether Dominion Energy can resume construction on its $11.2 billion Coastal Virginia Offshore Wind project, which was halted by the Trump administration last month. The Interior Department paused five offshore wind projects on December 22, citing classified concerns about radar interference and national security. Dominion is now challenging that pause in court, arguing that it violated procedural and due process laws and is causing the company significant financial harm—around $5 million in daily losses. Dominion has already invested nearly $9 billion in the project, which began construction in 2023 and is planned to power 600,000 homes.Similar legal challenges from other developers, including Orsted and Equinor, have already succeeded in federal courts in Washington, allowing their Northeast offshore wind projects to proceed. Those decisions raise the stakes for Dominion's case, which could influence the broader offshore wind industry amid continued hostility from the Trump administration toward the sector. Trump has long criticized wind energy as costly and inefficient. While the outcomes of these lawsuits may let projects move forward, industry uncertainty remains due to ongoing legal battles and political opposition.US judge to weigh Dominion request to restart Virginia offshore wind project stopped by Trump | ReutersA federal judge in Boston, William Young, said he will issue an order to protect non-citizen academics involved in a lawsuit challenging the Trump administration's deportation of pro-Palestinian student activists. The upcoming order would block the government from altering the immigration status of the scholars who are parties to the case, absent court approval. Young emphasized that any such action would be presumed retaliatory and would require the administration to prove it had a legitimate basis.The lawsuit stems from Trump's executive orders in early 2025 directing agencies to crack down on antisemitism, which led to arrests and visa cancellations for several students, including Columbia graduate Mahmoud Khalil and Tufts student Rumeysa Ozturk. These moves targeted those expressing pro-Palestinian or anti-Israel views on campus. Young previously ruled that these actions violated the First Amendment by chilling free speech rights of non-citizen academics.In his comments, Young described Trump as “authoritarian” and sharply criticized what he called the administration's “fearful approach to freedom.” He limited his forthcoming order to members of academic groups like the AAUP and Middle East Studies Association, rejecting a broader nationwide block as too expansive. Meanwhile, the administration, which plans to appeal Young's earlier ruling, accused the judge of political bias.US judge to shield scholars who challenged deporting of pro-Palestinian campus activists | ReutersA federal judge in California has dismissed a lawsuit filed by the U.S. Justice Department seeking access to the state's full, unredacted voter registration list. Judge David Carter ruled that the department's claims were not strong enough under existing civil rights and voting laws, and that turning over detailed voter data—such as names, birth dates, driver's license numbers, and parts of Social Security numbers—would violate privacy protections.Carter emphasized that centralizing such sensitive information at the federal level could intimidate voters and suppress turnout by making people fear misuse of their personal data. The lawsuit, filed in September by the Trump administration, targeted California and other Democrat-led states for allegedly failing to properly maintain voter rolls, citing federal law as justification for demanding the data.California Secretary of State Shirley Weber welcomed the decision, stating her commitment to defending voting rights and opposing the administration's actions. The DOJ had reportedly been in discussions with the Department of Homeland Security to use voter data in criminal and immigration probes. Critics argue the push was driven by baseless claims from Trump and his allies that non-citizens are voting in large numbers.US judge dismisses Justice Department lawsuit seeking California voter details | ReutersWhy can't people harmed by ICE just sue the agents themselves?U.S. Immigration and Customs Enforcement (ICE) is a federal agency under the Department of Homeland Security, created in 2003. It enforces immigration laws and investigates criminal activities involving border control, customs, and immigration. ICE derives its authority from various federal statutes, including the Immigration and Nationality Act, and its agents operate with broad discretion during enforcement actions.Suing ICE agents or the agency itself is legally difficult. Individuals cannot usually sue federal agents directly because of sovereign immunity, a legal doctrine that protects the government and its employees from lawsuits unless explicitly allowed by law. One such exception is the Federal Tort Claims Act (FTCA) of 1946, which permits lawsuits against the federal government when its employees cause injury or damage while acting within the scope of their employment. Under the FTCA, victims can bring wrongful death or negligence claims, as Renee Good's family is now considering.However, FTCA claims are limited. Plaintiffs cannot seek punitive damages or a jury trial, and compensation is capped based on state law where the incident occurred. The government is also shielded from liability for discretionary decisions made by its employees—meaning if the ICE agent used judgment during the incident and it's deemed reasonable, the claim can be dismissed. In Good's case, the government will likely argue self-defense.Suing ICE agents personally is even harder. The Bivens v. Six Unknown Named Agents case in 1971 created a narrow legal path for suing federal officials for constitutional violations, but courts have since restricted its use. In 2022, the Supreme Court ruled that Bivens does not apply to border agents conducting immigration enforcement, further insulating ICE officers from personal liability.Criminal prosecution of federal agents is also rare. State prosecutors may bring charges, but only if they can prove the agent acted clearly outside the scope of their duties and in an objectively unlawful way—a high bar that is seldom met.This week's closing theme is by Ludwig van Beethoven. Beethoven, one of the most influential composers in Western music history, revolutionized the classical tradition with works that bridged the Classical and Romantic eras.This week's theme is Franz Liszt's transcription of Beethoven's Symphony No. 5 in C minor, Op. 67 — specifically, the first movement, Allegro con brio, catalogued as S.464/5. As one of the most iconic works in classical music, Beethoven's Fifth needs little introduction, but hearing it through Liszt's fingers offers a fresh perspective on its brilliance. In this solo piano version, Liszt doesn't simply condense Beethoven's orchestral power—he reimagines it, capturing the storm, structure, and spirit of the original with astonishing fidelity and virtuosity.The movement begins with the unforgettable four-note “fate” motif, its rhythmic insistence rendered on the piano with punch and precision. From there, Liszt unfolds Beethoven's dramatic argument, demanding the pianist conjure the textures of a full orchestra with nothing but ten fingers and a well-calibrated pedal. Every surging crescendo, sudden silence, and harmonic twist remains intact, though filtered through Liszt's Romantic sensibility and pianistic imagination.It's a piece that asks as much of the performer as it does of the listener—requiring clarity, power, and emotional depth. As a transcription, it's both a tribute and a transformation, placing Beethoven's revolutionary energy in the hands of a single interpreter. We chose this movement not just for its fame, but for how it exemplifies two musical giants in dialogue—Beethoven, the architect of modern symphonic form, and Liszt, the artist who made the orchestra speak through the piano.Without further ado, Beethoven's Symphony No. 5 in C minor, Op. 67 — the first movement, Allegro con brio. Enjoy! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

This Day in Legal History: Williams v. FloridaOn January 15, 1970, the U.S. Supreme Court decided Williams v. Florida, a significant case interpreting the Sixth Amendment's guarantee of a trial by jury. The petitioner, Johnny Paul Williams, was convicted in a Florida court by a six-member jury and argued on appeal that his constitutional rights had been violated because the jury did not consist of twelve members. The Court, in a 6-2 decision authored by Justice Byron White, rejected this argument and held that the Constitution does not require a twelve-person jury in criminal cases.The ruling marked a turning point in how procedural aspects of jury trials were viewed under the Constitution. Drawing on historical analysis and functional reasoning, the Court concluded that the number twelve was a “historical accident” rather than a constitutional mandate. It emphasized that what mattered was whether the jury could fulfill its essential purpose: promoting group deliberation, guarding against government overreach, and representing a fair cross-section of the community.The Court's opinion opened the door for states to use smaller juries in certain criminal trials, leading to greater procedural flexibility. However, the ruling was not without its critics, including dissenting justices who warned that reducing jury size could dilute the quality of deliberation and increase the risk of wrongful convictions. The Court later clarified in Ballew v. Georgia (1978) that juries smaller than six members were unconstitutional, setting a lower boundary on size.Williams v. Florida continues to shape discussions around the structure and fairness of criminal jury trials. It reflects a broader judicial approach that balances historical tradition with evolving interpretations of fairness and efficiency in the criminal justice system. The decision also illustrates how constitutional protections, while deeply rooted, are not frozen in time but subject to ongoing judicial scrutiny.On January 17, 2026, a U.S. District Court will hear a request from Norwegian energy company Equinor to resume construction on its Empire Wind offshore project off the coast of New York. The company is suing the Trump administration after it suspended offshore wind development in federal waters, citing national security concerns related to radar interference. Equinor argues that the $4 billion project, now 60% complete, faces cancellation if construction doesn't continue by January 16. The case follows a recent decision allowing Danish company Ørsted to resume work on its own halted project off Rhode Island.The legal challenge is one of several confronting the Trump administration's broader effort to stall offshore wind development. Trump officials have paused work on five federal wind leases, citing a classified Defense Department assessment. Offshore wind companies say these actions threaten billions in investment and the viability of long-term energy goals. Empire Wind is projected to power about 500,000 homes once completed.US court to weigh New York project challenge to Trump offshore wind halt | ReutersThe Trump administration has reversed its decision to lay off nearly all employees of the Justice Department's Community Relations Service (CRS), an agency created by the Civil Rights Act of 1964 to mediate racial and ethnic conflicts. In a recent federal court filing in Boston, the DOJ stated that it rescinded the September layoff notices issued to 13 CRS staff members, citing “administrative discretion.” Civil rights groups, including two NAACP chapters and the Ethical Society of Police, had sued to block the terminations, arguing they were part of an unlawful attempt to dismantle the agency.Though the employees have been reinstated, it remains unclear if they will resume work on CRS functions. The plaintiffs have asked the court to hold a hearing to determine the practical impact of the reversal and whether CRS operations will truly continue. Under the Trump administration, the CRS reportedly stopped accepting new service requests and faced budget cuts, with the current White House proposal offering no funding for it. However, a bipartisan appropriations bill in Congress would allocate $20 million to support the agency.Previously, U.S. District Judge Indira Talwani denied a temporary restraining order to stop the layoffs but said the plaintiffs had shown a strong likelihood of success. She is still considering whether to issue a permanent injunction to prevent dismantling the CRS.Trump administration reinstates fired employees of DOJ race-relations agency | ReutersTesla has agreed to enter mediation with the U.S. Equal Employment Opportunity Commission (EEOC) to try to resolve a federal lawsuit alleging widespread racial harassment at its Fremont, California factory. The EEOC claims Tesla allowed a hostile work environment where Black employees were subjected to slurs, racist graffiti—including swastikas and nooses—and other forms of discrimination, some of which appeared on vehicles coming off the assembly line. Tesla has denied the allegations, arguing it was unaware of the conduct and accusing the EEOC of seeking publicity.U.S. District Judge Jacqueline Scott Corley approved a pause on some discovery deadlines to prioritize mediation efforts. The EEOC and Tesla are currently selecting a mediator, with talks potentially beginning in March or April. Both sides must report to the judge by June 17 if mediation fails. The lawsuit, filed during the Biden administration in September 2023, is part of a series of legal challenges Tesla has faced over workplace issues at its Fremont facility.In a separate case, Tesla recently avoided a class-action lawsuit when a California judge ruled that over 6,000 Black workers at the plant could not proceed as a group, citing a lack of willing witnesses.Tesla agrees to mediation that could resolve US agency's racism lawsuit | ReutersSix federal prosecutors in Minnesota resigned on January 13, 2026, in a move that may disrupt the Justice Department's intensified efforts to crack down on public benefits fraud. Among those stepping down are Joe Thompson, the former acting U.S. attorney for the district, and Harry Jacobs, a key figure in cases involving misused child nutrition program funds. Both were central to the high-profile Feeding Our Future investigation, which scrutinized alleged fraud in federal nutrition programs during the COVID-19 pandemic.Sources say the resignations were linked to political pressure from the Trump administration, including demands to investigate the widow of Renée Nicole Good, who was killed by a U.S. immigration officer earlier this month. The DOJ reportedly declined to pursue charges against the officer, leading to internal dissent.Minnesota Governor Tim Walz condemned the resignations as evidence of the Trump administration's politicization of the DOJ, accusing it of forcing out experienced, nonpartisan staff. The departures come amid a broader exodus from the department, including five senior lawyers from the Civil Rights Division, which had worked closely with Minnesota prosecutors after the murder of George Floyd in 2020.Attorney General Pam Bondi recently announced a new DOJ fraud division and plans to deploy prosecutors from other regions to Minneapolis. The White House has also ramped up enforcement in other liberal-leaning districts, which has led to more prosecutions related to immigration protests and officer assaults—and in some cases, grand jury rejections of those prosecutions.Six US Prosecutors Resign in Minnesota as Crackdown Builds (1) This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Allen, Joel, Rosemary, and Yolanda discuss the ongoing federal halt on US offshore wind projects and mounting lawsuits from Equinor, Ørsted, and Dominion Energy. Plus Japan’s Goto floating wind farm begins commercial operation with eight Hitachi turbines on hybrid SPAR-type foundations, and Finnish investigators seize a vessel suspected of severing Baltic Sea cables. Sign up now for Uptime Tech News, our weekly newsletter on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on YouTube, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary’s “Engineering with Rosie” YouTube channel here. Have a question we can answer on the show? Email us! The Uptime Wind Energy Podcast brought to you by Strike Tape, protecting thousands of wind turbines from lightning damage worldwide. Visit striketape.com. And now your hosts, Allen Hall, Rosemary Barnes, Joel Saxum and Yolanda Padron. Welcome to the  Allen Hall: Uptime Wind Energy Podcast. I’m your host, Alan Hall. I’m here with Rosie Barnes, Joel Saxum, and Yolanda Padron. Many things on the docket this week. The, the big one is the five US offshore wind projects that are facing cancellation after the federal halt. And on December 22nd, as we all know, the US Department of Interior ordered construction halted on every offshore wind project in American waters. Uh, the recent given and still given is national security. Uh, developers see it way differently and they’ve been going to court to try to. Get this issue resolved. Ecuador, Ted and Dominion Energy have all filed lawsuits at this point. EOR says [00:01:00] a 90 day pause, which is what this is right now, will likely mean cancellation of their empire. Project Dominion is losing more than about $5 million a day, and everybody is watching to see what happens. Orton’s also talking about taking some action here. Uh, there’s a, a lot of moving pieces. Essentially, as it stands right now, a lot of lawsuits, nothing happening in the water, and now talks mostly Ecuador of just completely canceling the project. That will have big implications to US. Electricity along the east coast,  Joel Saxum: right Joel? Yeah. We need it. Right? So I, I hate to beat a dead horse here because we’ve been talking about this for so long. Um, but. We’ve got energy demand growth, right? We’re sitting at three to 5% year on year demand growth in the United States, uh, which is unprecedented. Since, since, and this is a crazy thing. Since air [00:02:00] conditioning was invented for residential homes, we have not had this much demand for electricity growth. We’ve been pretty flat for the last 20 years. Uh, so we need it, right? We wanna be the AI data center superpower. We wanna do all this stuff. So we need electrons. Uh, these electrons are literally the quickest thing gonna be on the grid. Uh, up and down that whole eastern seaboard, which is a massive population center, a massive industrial and commercial center of the United States, and now we’re cutting the cord on ’em. Uh, so it is going to drive prices up for all consumers. That is a reality, right? Um, so we, we hear campaign promises up and down the things about making life more affordable for the. Joe Schmo on the street. Um, this is gonna hurt that big time. We’re already seeing. I think it was, um, we, Alan, you and I talked with some people from PGM not too long ago, and they were saying 20 to 30% increases already early this year. Allen Hall: Yeah. The, the increases in electricity rates are not being driven by [00:03:00] offshore wind. You see that in the press constantly or in commentary. The reason electricity rates are going up along the east coast is because they’re paying for. The early shutdown of cold fire generation, older generation, uh, petroleum based, uh, dirty, what I’ll call dirty electricity generation, they’re paying to shut those sites down early. So that’s why your rates are going up. Putting offshore wind into the equation will help lower some of those costs, and onshore wind and solar will help lower those costs. But. The East Coast, especially the Northeast, doesn’t have a lot of that to speak of at the minute. So, uh, Joel, my question is right now, what do you think the likelihood is of the lawsuits that are being filed moving within the next 90 days? Joel Saxum: I mean, it takes a long time to put anything through any kind of, um, judicial process in the United States, however. There’s enough money, power [00:04:00] in play here that what I see this as is just like the last time we saw an injunction happen like this is, it’s more of a posturing move. I have the power to do this, or we have the power to do this. It’s, it’s, uh, the, it’s to get power. Over some kind of decision making process. So once, once people come to the table and start talking, I think these things will be let, let back loose. Uh, I don’t, I don’t think it will go all the way to, we need to have lawsuits and stuff. It’ll just be the threat of lawsuits. There’ll be a little bit of arbitration. They’ll go back to work. Um, the problem that I see. One of the problems, I guess, is if we get to the point where people, companies start saying like, you know what, we can’t do this anymore. Like, we can’t keep having these breaks, these pauses, these, this, you know, if it’s 90 days at $5 million a day, I mean that’s 450 million bucks. That’s crazy. But that nobody, nobody could absorb that.  Allen Hall: Will they leave the mono piles and transition pieces and some [00:05:00] towers just sitting in the water. That’s what  Joel Saxum: I was gonna say next is. What happens to all of the assets, all of the steel that’s in the water, all the, all the, if there’s cable, it lays if there’s been rock dumps or the companies liable to go pick them up. I don’t know what the contracts look like, right? I don’t know what the Boem leases say. I don’t know about those kind of things, but most of that stuff is because they go back to the oil field side of things, right? You have a 20 year lease at the end of your 20 year lease. You gotta clean it up. So if you put the things in the water, do they have 20 years to leave ’em out there before they plan on how they’re gonna pull ’em out or they gotta pull ’em out now? I don’t know.  Allen Hall: Would just bankrupt the LLCs that they formed to create these, uh, wind  Joel Saxum: farms. That’s how the oil field does it bankrupt. The LC move on. You’ve, you’ve more than likely paid a bond when you, you signed that lease and that, but that bond in like in a lot of. Things is not enough. Right. A bond to pull mono piles out would have to be, [00:06:00] I mean, you’re already at billions of dollars there, right? So, and, and if you look again to the oil and gas world, which is our nearest mirror to what happens here, when you go and decommission an old oil platform in the Gulf of Mexico, you don’t pull the mono piles out. You go down to as close to the sea floor as you can get, and you just cut ’em off with a diamond saw. So it’s just like a big clamp that goes around. It’s like a big band saw. And you cut the foundations off and then pull the steel back to shore, so that can be done. Um, it’s not cheap.  Allen Hall: You know what I would, what I would do is the model piles are in, the towers are up, and depending on what’s on top of them, whether it’s in the cell or whatever, I would sure as hell put the red flashing lights on top and I would turn those things on and let ’em run just so everybody along the East coast would know that there could be power coming out of these things. But there’s not. So if you’re gonna look at their red flashy lights, you might as well get some, uh, megawatts out of them. That’s what I would do.  Joel Saxum: You’d have to wonder if the contracts, what, what, what it says in the contracts about. [00:07:00] Uh, utilization of this stuff, right? So if there’s something out there, does the FAA say, if you got a tower out there, it’s gotta have a light on it anyways. Allen Hall: It has to or a certain height. So where’s the power coming from? I don’t know. Solar panel. Solar panel. That’s what it have to be, right? Yeah. This is ridiculous. But this is the world we live in today.  Speaker 4: Australia’s wind farms are growing fast, but are your operations keeping up? Join us February 17th and 18th at Melbourne’s Pullman on the park for Wind energy o and M Australia 2026, where you’ll connect with the experts solving real problems in maintenance asset management. And OEM relations. Walk away with practical strategies to cut costs and boost uptime that you can use the moment you’re back on site. Register now at W OM a 2020 six.com. Wind Energy o and m Australia is created by wind professionals for wind professionals. Because this industry needs solutions, not speeches, [00:08:00] Allen Hall: the dominoes keep falling. In American offshore wind, last year it was construction halts this year, contract delays. Massachusetts has pushed back the signing of two offshore wind agreements that were supposed to be done. Months ago, ocean Winds and Berroa won their bids in September of 2024. The paperwork is still unsigned more than a year later, a year and a half later. State officials blame Federal uncertainty. Uh, the new target is June and offshore wind for these delays are really becoming a huge problem, especially if you don’t have an offtake agreements signed, Joel.  Joel Saxum: I don’t see how the, I mean, again, I’m not sitting in those rooms. I’m not a fly on the wall there, but I don’t see how you can have something sitting out there for, it’s just say September 24. Yeah. Yeah. You’re at 18 months now, right? 17, 18 months without an agreement signed. Why is, why is Massachusetts doing this? What’s, what’s the, what’s the thing there? I mean, you’re an, [00:09:00] you are, uh, an ex Massachusetts, Massachusetts, Ian, is that what it’s called?  Allen Hall: Yeah. I, I think they would like to be able to change the pricing for the offtake is most likely what is happening as, uh, the Trump administration changes the agreements or trying to change the agreements, uh, the price can go up or down. So maybe the thing to do is to not sign it and wait this out to see what the courts say. Maybe something will happen in your favor. That’s a real shame. Right. Uh, there’s thousands of employees that have been sidelined. Uh, the last number I saw was around 4,000. That seems on the low end.  Joel Saxum: Yeah. I think about, um, the, the vessels too. Like you’re the, like the Eco Edison that was just built last year. I think it’s upwards of 500 million bucks or something to build that thing down in Louisiana, being sent up there. And you have all these other specialized, uh, vessels coming over from Europe to do all this construction. Um, you know. Of course if they’re coming over from Europe, those are being hot bunked and being paid standby rates, which [00:10:00] is crazy ’cause the standby rates are insane. Uh, ’cause you still gotta run fuel, you still gotta keep the thing running. You still gotta cook food. You still have all those things that have to happen on that offshore vessel. Uh, but they’re just gonna be sitting out there on DP doing nothing.  Yolanda Padron: You have the vessels, you have people’s jobs. You have. Regular people who are unrelated to energy at all suffering because of their prices going up for energy and just their cost of living overall going up. All because they don’t look pretty.  Joel Saxum: Yeah. The entire, that entire supply chain is suffering. I mean, Yolanda, you’re, you, you used to work with a company involved in offshore wind. How many people have, um, you know, have we seen across LinkedIn losing their jobs? Hey, we’re pivoting away from this. I gotta go find something else. And with that. In the United States, if you’re not from the States, you don’t know this, but there’s not that much wind, onshore wind on the East coast. So many of those families had to relocate out there, uproot your family, go out to Massachusetts, New Jersey, [00:11:00] Virginia, wherever, put roots back down and now you’re what? What happens? You gotta move back.  Yolanda Padron: Good luck to you. Especially, I mean, you know, it’s, it’s a lot of projects, right? So it’s not like you can just move on to the next wind farm. It’s a really unfortunate situation.  Allen Hall: Well, for years the promise of floating wind turbines has dangled just out of reach and the technology works, and the engineers have been saying for quite a while. We just needed someone to prove it at scale. Well, Japan just did the go-to floating wind farm began commercial operation this past week. Eight turbines on hybrid spar foundations anchored in water is too deep for anything fixed. Bottom, uh, it’s the first. Wind farm of his kind in Japan and signals to the rest of Asia that floating wind is possible. Now, uh, Rosemary, their turbines that are being used are Hitachi turbines, 2.1 megawatt machines. I don’t know a lot about this hybrid spark [00:12:00] type floater technology, which looks to be relatively new in terms of application. Is this gonna open up a large part of the Japanese shoreline to offshore wind? Rosemary Barnes: Yeah, I mean, at the first glance it’s like two megawatt turbine turbines. That’s micro, even for onshore these days, that’s a really small turbine. Um, and for offshore, you know, usually when you hear about offshore announcements, it’s like 20 megawatt, 40 megawatt monstrosities. However, I, I think that if you just look at the size of it, then it really underestimates the significance of it, especially for Japan. Because they, one, don’t have a lot of great space to put turbines on shore or solar power on shore. Um, and two, they don’t have any, any good, um, locations for fixed bottom offshore. So this is not like this floating offshore wind farm. It’s not competing against many onshore um, options at all. For Japan, it’s competing against energy imports. I’m really happy to see [00:13:00] a proper wind farm. Um, in Japan and they’ll learn a lot from this. And I hope that it goes smoothly and that, you know, the next one can be bigger and better. And then it’s also, you know, Japan traditionally has been a really great manufacturing country and not so much with wind energy, but this could be their chance. If they’re the country that’s really on scale developing the floating offshore industry, they will necessarily, you know, like just naturally as a byproduct of that, they’re gonna develop manufacturing, at least supporting manufacturing and probably. Some major components and then bring down the cost. You know, the more that, um, these early projects might start out expensive, but get cheaper, fast. That’s how we hope it’ll go. And then they’ll push out into other areas that could benefit from offshore wind, but um, not at the cost. Somewhere like California, you know, they have the ability to have onshore wind. They’d really like some offshore wind, some floating offshore wind. But it is a hard sell there at the moment because it is so much more expensive. But if it gets cheaper because, you know, projects like [00:14:00] this help push the price down, then I think it will open things up a lot. So yeah, I am, I’m quite excited to see this project.  Allen Hall: Will it get cheaper at the two to six megawatt range instead of the 15 to 20 megawatt range?  Joel Saxum: That’s what I was gonna comment on. Like there’s, there’s a, there’s a key here that the general public misses. For a floating offshore wind farm. So if you’re gonna do this cost effectively, that’s why they did it with the 2.1 megawatts ones because with a, with the spar product that they’re using basically. And, and I was sourcing this off at my desk, so here you go,  Rosemary Barnes: Joel. We need a closed caption version for those listening on the podcast and not watching on YouTube. Joel’s holding like a foam, a foam model of a wind turbine. Looks like it’s got a stubby, stubby holder on the bottom.  Joel Saxum: This is. Turbine. Steel. Steel to a transition piece and then concrete, right? So this is basically a concrete tube like, um, with, with, uh, structural members on the inside of it. And you can float this thing or you can drag these, you can float ’em key side and then drag ’em out, and [00:15:00] then it just fill ’em halfway or three quarters away with ballast sea seawater. So you just open a valve, fill the thing up to three quarters of the way with seawater, and it sinks it down into the water a little bit. Water level sits about. Right at the transition piece and then it’s stable. And that’s a hybrid. Spar product is very simple. So to make this a easy demonstrate project, keyside facility is the key, is the big thing. So your Keyside facility, and you need a deep water keyside facility to make this easy. So if you go up to Alan, like you said, a two to six, to eight to 10 to 15 megawatt machine. You may have to go and take, you may have to barge the spars out and then dump ’em off the spar and then bring the turbines out and put ’em on. That’s not ideal. Right? But if you can do this all keyside, if you can have a crane on shore and you can float the spars and then put the, build the whole turbine, and then drag that out as it sits, that’s a huge cost reduction in the installation operations. So it, it’s all about how big is the subsea portion of the spar? How? How deep is your [00:16:00] deep water keyside port? To make it efficient to build. Right. So they’re looking at 10 gigawatts of floating offshore wind by 2030. Now it’s 2026. That’s only four years away, so 10 gigawatts. You’re gonna have to scale up the size of the turbines. It’ll be interesting how they do it, right? Because to me, flipping spars off of a barge is not that hard. That’s how jackets and spars have been installed in the past. Um, for, um, many industries, construction industries, whether it’s oil and gas or just maritime, construction can be done. Not a problem. Um, it’s just not as efficient. So we’ll see what, we’ll see what they do.  Allen Hall: You would need 5,000 turbines at two megawatts to get to 10 gigawatts, 5,000 turbines. They make 5,000 cars in a day. The, the Japanese manufacturing is really efficient. I wouldn’t put anything by the Japanese capabilities there.  Joel Saxum: The problem with that is the cost of the, the inter array cables and [00:17:00] export cables for 5,000 turbines is extreme. Allen Hall: We also know that. Some of the best technology has come out of Japan for the last 50 years, and then maybe there’s a solution to it. I, I’m really curious to see where this goes, because it’s a Hitachi turbine. It’s a 2.1 megawatt turbine, as Rosemary’s pointed out. That’s really old technology, but it is inexpensive to manufacture and easy to move around. Has benefits.  Rosemary Barnes: Yeah. It also means like they, they’re not gonna be surprised with like, you know, all of. When you make a 20 megawatt offshore wind turbine, you’re not only in the offshore environment, you’re also dealing with, you know, all your blade issues from a blade that long and 2.1 megawatt turbine has blades of the size that, you know, just so mature, reliable, robust. They can at least rule those headaches out of their, um, you know, out of their. Development phase and focus on the, the new stuff.  Joel Saxum: Does anybody know who [00:18:00] makes blades for Hitachi?  Allen Hall: Rosie? Was it lm? I, I, I know we have on a number of Hitachi turbines over time, but I don’t know who makes the blades.  Rosemary Barnes: Yeah, I don’t know. But I mean, also it’s like, um, it doesn’t mean that they’re locked into 2.1 megawatts for forever, right? So, um, if the economics suggest that it is be beneficial to scale up. Presumably there will be a lot that they have learned from the smaller scale that will be de-risking the, the bigger ones as well. So, you know, um, it’s, there’s advantages to doing it both ways. It’s probably a slower, more steady progress from starting small and incrementally increasing compared to the, you know, like big, um, fail fast kind of, um, approach where you just do a big, big, huge turbine and just find out everything wrong with it all at once. Um, but. You know, pros and cons to both.  Allen Hall: Hitachi buys TPI. They got the money. They got the money, and they got the brain power. [00:19:00] Delamination and bottom line. Failures and blades are difficult problems to detect early. These hidden issues can cost you millions in repairs and lost energy production. C-I-C-N-D-T are specialists to detect these critical flaws before they become expensive burdens. Their non-destructive test technology penetrates deep to blade materials to find voids and cracks. Traditional inspections completely. Miss C-I-C-N-D-T Maps. Every critical defect delivers actionable reports and provides support to get your blades back in service. So visit cic ndt.com because catching blade problems early will save you millions. The Baltic Sea has become a chessboard under sea. Cables carry data. Pipelines carry energy as we’ve all seen and someone keeps cutting them. Finnish investigators are now saying a cargo ship dragged its anchor [00:20:00] across the seabed for tens of kilometers before severing a telecommunications cable. On New Year’s Eve, special forces seize the vessel. Four crew members are detained, but the questions still remain. Who or what is trying to cut cables and pipelines at the bottom of the Baltic Sea.  Joel Saxum: It’s not accidents like it happened on New Year’s Eve and it was, and you drug an anchor for tens of kilometers. That’s on purpose. There’s, there’s no way that this is someone, oh, we forgot to pull the anchor up. You know how much more throttle you have to put on one of these? Have you seen an anchor for an offshore vessel? They’re the size of a fricking house,  Allen Hall: so they’re investigating it right now. And four, the 14 crew members are under detention. Travel restrictions, we’ll see how long that lasts. Crew includes nationals from of all places, Russia, Georgia, Kazakhstan, and Azerbaijan. So there is a, a Russian element to this. [00:21:00] I don’t know if you were all watching, I don’t know, a week or two ago when there’s a YouTube video from and oral, which makes undersea. Equipment and defense, uh, related, uh, products. And Palmer Lucky who runs that company basically said, there are microphones all over the bottom of the ocean, all around the world. Everything is monitored. There’s no way you can drag an anchor for a kilometer without somebody knowing. So I’m a little surprised this took so long to grab hold of, but. Maybe the New Year’s Eve, uh, was a good time to pick because everybody is kind of relaxed and not thinking about a ship, dragging an anchor and breaking telecommunication cables, wind turbines have to be really careful about this. There, there have to be some sort of monitoring, installation sensors that are going on around the, all the wind power that exists up in that region and all [00:22:00] the way down in, in the North Sea. To prevent this from happening, the sabotage is ridiculous. At this point,  Joel Saxum: yeah. I mean, even, even with mattresses over the export cables, or the inter array cables or, or rock bags or rock dumps or, or burials, these anchors are big enough to, to cut those, to drag and cut ’em like it, it’s just a, it’s a reality. It’s a risk. But someone needs to be monitoring these things closer if they’re not yet. ’cause you are a hundred percent correct. There’s, so, there’s, there’s private, there’s public sides of the acoustic monitoring, right? So like the United States military monitors, there’s, there’s acoustic monitoring all up and down. I can’t actually never, I looked into it quite a while ago. There’s a name for the whole system. It’s called the blah, blah, blah, and it monitors our coastline. Like ev, there’s a sensor. Every man, it’s a couple miles. Like all, all around the EEZ of the United States. And that exists everywhere. So like you think like in international waters, guarantee that the United States has got microphones out listening to, [00:23:00] right. So, but if you’re in the Baltic Sea, it’s a little bit different of an, of a confined space. But you have Estonia, Lithuania, Latvia, all along the southern and eastern coast and the, and Russia. And then you have the Fins, Swedes, Norwegian, Denmark, Germany. Everybody is Poland. Everybody’s monitoring that for sure. It’s just like a postmortem investigation is, is doable.  Allen Hall: Yolanda, how are they gonna stop this? Should they board the ships, pull the people off and sink them? What is it gonna take for this to end?  Yolanda Padron: I don’t know. In the meantime, I think Joel has a movie going on in his head about how exactly he’s gonna portray this. Um, yeah, it’s. I mean, I’d say better monitoring, but I, I’m not sure. I guess keep a closer eye on it next time. I mean, I really hope it’s, there’s not a next time, but there seems to be a pattern developing. Right.  Allen Hall: I forgot how many of those happened.  Joel Saxum: Yeah. The maritime, this is a, this is a tough reality about the maritime world. [00:24:00] ’cause I, I’ve done some work done in Africa and down there it’s specifically the same thing. There’s say there’s a vessel. Okay, so a vessel is flagged from. S Cy Malta, a lot of vessels are flagged Malta or Cyprus, right? Because of the laws. The local laws there that Cyprus flagged vessel may be owned by a company based in, um, Bermuda that’s owned by a company based in Russia that’s owned by a company based in India. All of these things are this way. There’s shell companies and hidden that you don’t know who owns vessels unless they’re even, even the specific ones. Like if you go to a Maersk vessel. And you’re like, oh, that’s Maersk, they’re Danish. Nope. That thing will be, that thing will be flagged somewhere else, hidden somewhere else. And it’s all about what port you go to and how much taxes you can hide from, and you’ll never be able to chase down the actual parties that own these vessels and that are responsible you, you, it, it’s so [00:25:00] difficult. You’re literally just going to have to deal with the people on board, and you can try to chase the channels to who owns that boat, but you’ll never find them. That’s the, that’s the trouble with it.  Allen Hall: It does seem like a Jean Claude Van Dam situation will need to happen pretty soon. Maybe as Steven Segal, something has to happen. It can’t continue to go on it over the next couple of months with as much attention as being paid to international waters and. Everything that’s happening around the world, you’d think that, uh, ships Defense Department ships from Denmark, Finland, Germany. We will all be watching this really closely UK be watching this and trying to stop these things before they really even happened. Interesting times. That wraps up another episode of the Uptime Wind Energy Podcasts. If today’s discussion sparked any questions or ideas. We’d love to hear from you. Reach out to us on LinkedIn and don’t forget to subscribe so you never miss an episode. [00:26:00] And if you found value in today’s conversation, please leave us a review. It really helps other wind energy professionals discover the show for Rosie, Yolanda and Joel. I’m Alan Hall and we’ll catch you next week on the Uptime Wind Energy Podcast.

Allen covers the deepening US offshore wind crisis as Ørsted reports losing €1.5 million daily on American projects and Equinor sets a January 16 deadline to resume or cancel Empire Wind. Meanwhile, onshore wind thrives with Invenergy’s 2GW Oklahoma project and AES repowering Buffalo Gap in Texas with Vestas turbines. Sign up now for Uptime Tech News, our weekly newsletter on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on YouTube, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary’s “Engineering with Rosie” YouTube channel here. Have a question we can answer on the show? Email us! Danish energy giant Ørsted said it is losing one and a half million euros on US offshore projects. Every. Single. Day. Norwegian company Equinor has drawn a line in the sand. January sixteenth. Resume construction on Empire Wind… or cancel the whole thing. 3.5 billion euros invested. Sixty percent complete. And now… a deadline. As we all know, the Bureau of Ocean Energy Management issued stop-work orders on December twenty-second. Just before Christmas. A gift nobody wanted. Ørsted has filed complaints. First on Revolution Wind. Then Sunrise Wind. Court documents reveal the Danish company stands to lose more than 5 billion euros if forced to abandon both projects. Meanwhile… President Trump signed an executive order withdrawing America from sixty-six international organizations. Many focused on energy cooperation. On climate. Ole Rydahl Svensson of Green Power Denmark calls it a sad development. But not surprising. Ole says America is abdicating from renewable energy… in favor of energy forms of the past. The empty seats will be filled quickly, he predicts. By China. By Europe. I personally get asked every week by my European friends, is US onshore wind also under attack?? I think the answer is not yet. While offshore wind projects sit paralyzed by federal orders… Out in the Oklahoma Panhandle… something different is happening. Invenergy is planning a three hundred wind turbine wind farm. Two gigawatts of power. Enough electricity for eight hundred fifty thousand American homes. According to recent filings the turbines will be supplied by GE Vernova. Invenergy already operates wind farms in ten Oklahoma counties. They’ve already built the largest single-phase wind park in North America outside of Oklahoma City. Four billion dollars of investment. Five hundred construction jobs. Thirty permanent positions. No stop-work orders. No court battles. No international incidents. And down near Abilene Texas, AES is repowering its Buffalo Gap wind farm – the existing 282 turbines will be replaced with 117 new Vestas V150 4.5MW turbines. $94 million in tax revenue for local counties and schools over its lifetime. It will also create 300 jobs during peak construction and 17 long-term operations jobs. So while the US oceans remain off-limits… While billions evaporate in legal fees and idle vessels… The wind industry continues to move forward. And that’s the state of the wind industry for January 12, 2026. Join us for the Uptime Wind Energy Podcast tomorrow.

Allen covers the Trump administration’s suspension of five East Coast offshore wind leases on national security grounds, and the wave of lawsuits from developers like Equinor and Ørsted calling the reasoning pretextual. Plus Bill Gates-backed startup Airloom showcases its low-profile turbine design at CES 2026, and Brazil opens consultation on curtailment compensation for renewables. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes’ YouTube channel here. Have a question we can answer on the show? Email us! Five major offshore wind projects sit idle today. Billions of dollars in equipment. Thousands of workers. All waiting. President Trump has made no secret of his feelings about wind power. He has called offshore wind a scam. He has said these projects cost too much. He has compared them unfavorably to natural gas. Big ugly windmills, he calls them. His administration has moved aggressively to stop them. First came executive orders suspending federal approvals. Then stop-work orders on projects already under construction. In December, the Bureau of Ocean Energy Management took the boldest step yet. It suspended the federal leases for five East Coast projects. The reason given: national security risks identified by the Department of War in recently classified reports. Interior Secretary Doug Burgum explained that wind turbine blade movement can interfere with radar systems. He pointed to vulnerabilities created by large-scale projects near population centers. The companies building these projects see it differently. Empire Wind called the reasoning hollow and pretextual. In court filings, the company pointed to statements from the Secretary of Interior and the White House. The real motivation, they argued, relates to the administration’s opposition to offshore wind energy. Not national security. Politics. These are not small projects. Empire Wind is sixty percent complete. Four billion dollars invested. Nearly four thousand workers employed during construction. When finished, it would power half a million New York homes. Its parent company, Norwegian energy giant Equinor, says it has coordinated closely with federal officials on national security reviews since twenty-seventeen. It has complied with every requirement. Revolution Wind is eighty-seven percent finished. A five billion dollar venture between Danish company Ørsted and Global Infrastructure Partners. The project went through more than nine years of federal review before approval in twenty-twenty-three. National security considerations were comprehensively addressed, the company says. Workers sat waiting on the water when construction was halted in August. A federal judge allowed them to resume in September. Now they’re stopped again. Both companies warn that the ninety-day suspension will likely result in cancellation. Offshore wind construction depends on highly choreographed specialized vessels. Complex sequencing. Narrow weather windows. You cannot simply pause and restart. Dominion Energy has also filed suit over its Coastal Virginia Offshore Wind project. The company calls the suspension arbitrary and capricious. The legal battles are piling up. In December, a federal judge in Massachusetts declared an earlier stop-work order illegal. Seventeen states had sued. New York Attorney General Letitia James led the coalition. As New Yorkers face rising energy costs, she said, we need more energy sources, not fewer. Wind energy is good for our environment, our economy, and our communities. She called the administration’s actions a reckless and unlawful crusade against clean energy. Four East Coast governors issued a joint statement. New York’s Kathy Hochul. Massachusetts’ Maura Healey. Connecticut’s Ned Lamont. Rhode Island’s Daniel McKee. Coastal states are working hard to build more energy, they said. These projects have created thousands of jobs. They have injected billions in economic activity into our communities. The National Ocean Industries Association is calling for an end to the pause. Offshore wind improves national security, says president Erik Milito. It shifts economic, infrastructure, and geopolitical advantages to the United States. The Interior Department has declined to comment on the lawsuits. Meanwhile, at CES twenty-twenty-six in Las Vegas, a different kind of wind power is making news. A startup called Airloom is showcasing a radical new turbine design. Backed by Bill Gates. No towering blades reaching for the sky. Instead, a low-profile system about sixty-six to ninety-eight feet high. Picture a loop of adjustable wings traveling along a track. More roller coaster than windmill. The company claims forty percent less material. Forty-seven percent lower cost. Eighty-five percent faster deployment. They say projects can be built in under a year instead of five. And unlike traditional turbines, these can go places conventional wind farms cannot. Remote islands. Mountainous terrain. Near airports. Even military bases. Places where spinning blades would be impractical. The company broke ground on a pilot site last June. Commercial demonstrations are planned for twenty-twenty-seven. Down in Brazil, the government is tackling a different wind energy challenge. What happens when you generate more power than the grid can handle? Brazil’s Ministry of Mines and Energy has opened a public consultation. The question: how should wind and solar generators be compensated when their output gets curtailed? The government wants to balance legal certainty for investors against excessive costs for electricity consumers. Stakeholders have until January sixteenth to weigh in. So there you have it. The near future of US offshore wind will be decided in court rooms over the next few weeks. The curtailment of Brazilian renewables will be bandied about in January. And a Bill Gates supported wind company is going to try it’s hand at power remote locations. I hope you had new year’s celebration. 2026 is going to be an interesting ride. And that’s the wind energy news for the 5th of January, 2026. Join us tomorrow for the Uptime Wind Energy Podcast

Michael and I would like to take a moment and thank all of our great Subscribers and patrons this year. It has been a wildly successful growth year in listens, watches, and articles read, and we are truly blessed to see it. We are striving to improve and keep growing with some different things rolling out next year.While the cancellation is under review with the Department of War for national security risks, I think that if science is applied, it will be an easy ruling. So after reading about these cancellations, I wanted to see who would be impacted by the company and how consumers would be impacted. This will be an ongoing story as it unfolds, but the high utility costs will be passed on to consumers. And make no mistake, the Democrats will use this to their advantage, and Republicans won't do anything.President Trump and Secretaries Doug Burgum and Chris Wright are running down the road trying to do the right thing for the American People. The costs associated with the project are going to be huge, and when the Democrats start ripping President Trump over this, remember the Billions of dollars and the crippling of the economy that Obama, Biden, and the governors of Democratic states cost the US citizens by their overreach and Net Zero enforcement of horrific policies. The main topics discussed1. The Trump administration's cancellation of several major offshore wind projects in the U.S. due to national security concerns. The projects mentioned include Vineyard Wind One, Revolution Wind, Sunrise Wind, Coastal Virginia Wind Offshore, and Empire Wind.2. The potential impact of these project cancellations on companies involved, such as Dominion Energy, GE Vernova, Orsted, and Equinor. The transcript discusses the financial performance and stock price movements of these companies.3. The debate around the definition of "green energy" and the challenges of integrating renewable energy sources like wind and solar into the power grid, including issues around transmission, costs, and reliability.4. The delay or cancellation of the retirement of some fossil fuel power plants in the U.S. in response to increasing electricity demand, particularly from the growth of AI and data centers.5. The global oil market dynamics, including the "oil glut" with a large number of oil tankers at sea, the impact of sanctions on major producers like Russia and Venezuela, and discussions around OPEC's role in oil price determination.6. The overall commentary on the state of the energy industry, policy debates, and Stu's perspectives on the various topics covered.1.All Large Scale Offshore Wind Projects Under Construction Suspended Due to National Security Concerns2.Virginia-based Utility Dominion Energy May Be Hit as Investors Eye This Week's Offshore Wind Cancellations3.GE Vernova Inc: Supplier to Vineyard Wind, Looking at Its Books After This Week's Trump Administration Cancellation of Projects4.U.S. Fossil-Fuel Power Plants Delay Retirement as AI Power Demand Soars5.Oil Glut and Surging Barrels at Sea Have Spooked Oil Traders and the Market, but Is This Market Dysfunction Rather Than a Glut?6.U.S. Department of Energy to Return $13 Billion to the Treasury and a clear definition of green energy is needed.Feel Free to use this as an excuse to not hang out with your in-laws if you need to over the holidays. We may be more fun. Check out the Energy News Beat Substack: https://theenergynewsbeat.substack.com/Check out the Energy News Beat Website: https://energynewsbeat.co/Also, if you need to calculate your tax burden, check out the tax calculator here https://energynewsbeat.co/invest/Merry Christmas to all, and thank you to all of our great followers, subscribers, and patrons.Check out Reese Energy Consulting, Sponsor of the Energy News Beat, Stand Up https://reeseenergyconsulting.com/

Allen covers forecasts for 46 GW of new US wind capacity by 2029, driven by data centers and reshoring. Plus Equinor’s Empire Wind project stays on track for late 2026, RWE gets approval for the Five Estuaries offshore wind farm in the UK, and a Scottish startup raises funding for modular multi-rotor turbines. Sign up now for Uptime Tech News, our weekly Substack newsletter on all things wind technology. This episode is sponsored by StrikeTape by Weather Guard Lightning Tech. Follow us on YouTube, Linkedin and visit Weather Guard on the web. And subscribe to Engineering with Rosie on YouTube! Have a question we can answer on the show? Email us! There is an old saying about the wind. You cannot see it. You cannot hold it. But you can harness it. And right now, people around the world are doing exactly that. After years of sluggish growth, American wind power is waking up. Wood Mackenzie reports the United States will add more than seven gigawatts of new wind capacity in 2025. That is a thirty-six percent jump from this year. And by 2029? Forty-six gigawatts of new capacity coming online. Why now? Because after a decade of flat electricity demand, America is hungry for power again. Data centers. Electric vehicles. Factories returning home. Demand is growing three percent annually now, up from less than one percent before. Out West, they are leading the charge. Wyoming. New Mexico. Colorado. Pattern Energy’s three-point-five gigawatt SunZia project in New Mexico alone will make them the top wind installer in 2026. And Invenergy’s Towner Energy Center in Colorado? Nine hundred ninety-eight megawatts. The single largest project expected to come online in 2027. But here is where it gets interesting. Off the coast of Long Island, a different kind of story is unfolding. The Empire Wind project. Eight hundred ten megawatts of offshore wind power. Enough to power half a million homes in Brooklyn. Norwegian energy giant Equinor is building it. And despite the political headwinds blowing against offshore wind, New York is standing firm. First electricity expected by late 2026. Across the Atlantic, Britain just gave the green light to something bigger. The Five Estuaries offshore wind farm. Seventy-nine turbines off the coast of Suffolk and Essex. At least twenty-three miles from shore. German energy company RWE is building it. When complete, it will power one million British homes. One million. Meanwhile, Europe is putting its money where the wind blows. Austria’s Erste Group just signed a two hundred million euro deal with the European Investment Bank. Part of an eight billion euro program to strengthen European wind turbine manufacturers. As Karl Nehammer, the bank’s vice president, put it: Europe is serious about keeping wind manufacturing jobs at home. Now… You might think wind power is all about going big. Massive offshore farms. Turbines taller than skyscrapers. But in Stirling, Scotland, three entrepreneurs have a different idea. Adam Harris. Paul Pirrie. Peter Taylor. They founded a company called Myriad Wind Energy Systems. Their invention? Small modular wind turbines. Multiple rotors mounted in a framework. No cranes needed. No special roads. Install them on a farm. On a factory. On a remote site where traditional turbines could never go. This week, they secured eight hundred sixty-five thousand pounds in seed funding. Led by Tricapital Angels. Their first prototype? A fifty-kilowatt unit scheduled for 2026. From Wyoming to New York. From Essex to Austria. From the North Sea to the Scottish Highlands. Wind energy is not waiting for permission. It is happening. Forty-six gigawatts in America alone by decade’s end. Billions of euros flowing in Europe. Innovators in Scotland proving that sometimes, smaller is smarter. You cannot see the wind. But you can see what it is building. That’s the wind industry news for the 22nd of December 2025. Happy Holidays folks, wherever you may be.

In der heutigen Folge sprechen die Finanzjournalisten Anja Ettel und Philipp Vetter über den Rebound von Big Tech, Gerüchte um die Europäische Zentralbank und Aktivistenalarm bei Lululemon. Außerdem geht es um Micron, Oracle, Broadcom, Coreweave, Nvidia, AMD, Lululemon, Tilray, Canopy Growth, Netflix, Warner Bros., Paramount Skydance, Douglas, Rheinmetall, Trump Media and Technology Group, TAE Technologies, Alphabet, Chevron, Goldman Sachs, Equinor, Eni, Cenovus Energy, Lockheed Martin, Nucor, Synopsys und Microsoft. Die aktuelle "Alles auf Aktien"-Umfrage findet Ihr unter: https://www.umfrageonline.com/c/mh9uebwm Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter.[ Hier bei WELT.](https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html.) [Hier] (https://open.spotify.com/playlist/6zxjyJpTMunyYCY6F7vHK1?si=8f6cTnkEQnmSrlMU8Vo6uQ) findest Du die Samstagsfolgen Klassiker-Playlist auf Spotify! Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? [**Hier findest du alle Infos & Rabatte!**](https://linktr.ee/alles_auf_aktien) Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Pražská plynárenská v příštím roce nebude zvedat ceny energií, a pokud to půjde, chtěla by dále zlevňovat. Uzavřela také několik významných kontraktů na dodávky plynu. Celých deset let bude čerpat plyn těžený v Severním moři od norské společnosti Equinor. Podepsala i dohodu o dovozu zkapalněného zemního plynu ze Spojených států. Norský plyn pokryje převážnou část spotřeby pražských domácností, říká předseda představenstva Pražské plynárenské Ludvík Baleka. Agenda. Rozhovory s top lídry českého byznysu, zakladateli firem, odborníky. Čtvrthodinka o byznysu z první ruky. Každý všední den na SZ Byznys a ve všech podcastových aplikacích. Odebírejte na Podcasty.cz, Apple Podcasts nebo Spotify.

Flere steder i Norge ligger desember an til å bli rekordvarm. Det er den nye normalen, mener klimaforsker. Vi oppsummerer nyhetene for deg, i dag også om Equinor som får gigantbot, og «Affeksjonsverdi» som er Oscar-favoritt.

Et viktig tema i rapporten handler om utslippskutt i industrien – i lys av kravene for å få CO₂-kompensasjon. Industribedriftene som nyter godt av denne ordningen må nå levere planer om utslippskutt for få løs milliardene fra staten.Tilnull-rapporten går gjennom planene store selskaper som Equinor, Hydro, Alcoa og Elkem har for å kutte utslipp. Ved siden av transport og oljesektoren er industrien den største utslippskilden i Norge.I Klimax-episoden diskuterer Anne Jortveit, Lars-Henrik Paarup Michelsen og Anders Bjartnes ordningen med CO₂-kompensasjon for industrien – i lys av informasjonen i tilnull-rapporten.Panelet er også innom NVEs beslutning om å si nei til havvind knyttet til Goliat-plattformen i Barentshavet, og hva den bebudede nedgangen i oljeaktiviteten vil bety. Den politiske dagsordenen kan bli veldig annerledes når varsler om permitteringer og nedbemanninger kommer.Episoden ble spilt inn torsdag 11. desember.Lenker til saker omtalt i denne Klimax-episoden:Solcellespesialisten konkurs, men ja til solkraftverk langs E6 i Stange.Tilnull kvartalsrapport 4/25: tilnull kvartalsrapport 4 | 2025 – Norsk klimastiftelseTU.no om NVEs nei til Goliat-vind og om støtte til nye havvindprosjekter.TU.no om den forventede nedgangen i oljeaktiviteten.Rettelse: Da vi spilte inn denne episoden av Klimax torsdag 11. desember om formiddagen, viste vi til tall om import av småvarer fra Kina som Tolletaten hadde opplyst oss om.Torsdag ettermiddag oppdaget vi at Tolletaten hadde gitt helt andre tall til E24, og vi henvendte oss på nytt til Tolletaten for å sjekke hva som var det riktige. Fredag 12. desember fikk vi beskjed fra Tolletaten om at tallene vi har fått derfra ikke stemmer.Tolletaten opplyste opprinnelig at det i perioden januar-oktober i år var ankommet 44,8 millioner slike pakker til Norge. Fredag ettermiddag fikk vi opplyst at det riktige tallet er 9,7 millioner for perioden januar-november. Dette er en økning på 77 prosent målt mot hele importen i fjor.For ikke å spre uriktige tall i podkasten, har vi valgt å klippe ut den sekvensen der vi viser til tallene fra Tolletaten og kommenterer disse. Vi beklager at vi har formidlet feil tall til de som lyttet på podkasten vår fredag 12. desember før klokken 16:00.Vi kommer tilbake til saken i kommende utgaver av Klimax. Hosted on Acast. See acast.com/privacy for more information.

A vice-presidente de Estratégia e Desenvolvimento de Novos Negócios da Equinor, Cláudia Brun, analisa a trajetória da empresa no mercado brasileiro de gás. Ela detalha as estratégias de comercialização do gás de Raia e os avanços do projeto, além das perspectivas para o fornecimento a termelétricas do LRCAP e data centers. A executiva também comenta os desafios regulatórios, a revisão tarifária das transportadoras e os planos da Equinor para biometano e combustíveis de baixo carbono. Uma visão abrangente sobre os investimentos da companhia norueguesa no Brasil. Inscreva-se no canal e ative as notificações para não perder os próximos debates. Deixe seu like para promover esse conteúdo. Capítulos 00:00 Abertura 00:55 Apresentação e trajetória pessoal de Cláudia Brun 05:00 Trajetória da Equinor no mercado brasileiro de gás 08:32 Lições aprendidas nos primeiros contratos 11:50 Atualização do projeto Raia 13:35 Estratégia de comercialização e contrato com Comgás 15:42 Fornecimento para termelétricas do LRCAP 17:30 Visão sobre data centers e confiabilidade energética 20:26 Estratégia para o mercado livre de gás 24:25 Perspectivas de preço do gás e competitividade 27:55 Ambiente regulatório e novos investimentos 30:54 Projeto Bacalhau fase 2 33:22 Blocos Itaimbezinho e Jaspe 37:43 Debate sobre acesso ao SIE/SIP 41:49 Perspectivas sobre leilão de gás da União 44:25 Visão sobre gas release 46:25 Revisão tarifária das transportadoras 48:52 Estratégia para biometano e baixo carbono 54:00 Considerações finais e encerramento #equinor #gasnatural #preçodogasnatural #produçãoeexploração #datacenters

This week's Energy Voice Out Loud (EVOL) sees news editor Erikka Askeland, renewables reporter Michael Behr, and North West correspondent Floyd March explore what's been going on in the North Sea. Adura day, the official launch of Equinor and Shell's North Sea tieup, quickly turned in Harbour Job Cuts day as the oil and gas producer announced it would shed 100 roles. Harbour put the blame squarely on Chancellor Rachel Reeves' shoulders for deciding to keep the windfall tax in place up to 2030. Speaking of the energy profits levy, longtime friend of the show, Panmure Liberum analyst Ashley Kelty shares his thoughts on the winners and losers of the budget. Of course, being a winner means not getting kicked. And then Floyd catches us up on the Lindsey oil refinery saga and the new player that's come in making a bid for the shuttered site.

In this episode of Lexicon, we speak with Dr. Péter Fankhauser, CEO of ANYbotics, and Jasmine Assefi, Key Account Manager for Oil, Gas, and Chemicals, about how robotics is transforming operations at Equinor's Northern Lights CO₂ storage project—the world's first open-access carbon transport and storage facility. Together, they explore how “Roberta,” an ANYbotics robot deployed by Equinor, is redefining industrial autonomy, safety, and sustainability.Also, don't forget to subscribe to IE+ for premium insights and exclusive content!

At the start of the year things were looking uncertain for nascent renewables like hydrogen and geothermal. With policy support from the previous US administration they had boomed with the IRA, then came July 2025 and the Trump administration's One Big Beautiful Bill, which tore up tax credits and removed incentives for those renewable technologies. As we approach the end of the year, has anything changed for the better? How are hydrogen, wind and geothermal looking as we prepare for 2026?Regular host Sylvia Leyva Martinez is on maternity leave until the middle of next year, so her fellow energy analyst Bridget Van Dorsten is stepping up to keep the mic warm. Bridget is an analyst researching hydrogen, but she has an engineer's understanding of technologies across the energy spectrum. She doesn't just cover that ‘frustrating, inefficient, expensive-to-move-around molecule' (as she calls it); she knows what's real in the energy world and what's just hype. To kick off her tenure as host she's picked out a few highlights from the year relating to those important renewables – geothermal, hydrogen and wind. Looking back on those conversations Sylvia had with experts on those fields, Bridget then gives the energy analyst's view on how things are progressing in the current policy environment. Expect in-depth analysis on what's changed, and the key stats and forecasts you need to know as 2026 approaches. Plus, Bridget looks back on the conversation Sylvia had with energy investors back in July, when we saw the oil and gas majors like Shell and Equinor announce they were scaling back their climate ambitions under pressure from investors. Bridget explores why the energy transition is unfolding slower than expected, how shareholder pressure is reshaping low-carbon strategies, and why companies like TotalEnergies and Shell have retreated from their plans to phase down fossil fuels. Bridget will be hosting until mid-next-year, and she wants to know what topics you want explored.Connect with the show and let us know what you want to hear, on LinkedIn, X or Bluesky at @interchangeshow, and follow the podcast so you don't miss the episodes coming in the new year.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Her får du en smakebit av en annen E24-podkast, Penger, pølser og politikk, som kommer hver mandag etter lunsj. Finn frem popkorn-bøtta, for denne uken blir det budsjettdrama! I helgen brøt MDG budsjettforhandlingene og SV sa nei til forslaget som lå på bordet. Hvor går veien videre for Ap, Sp og Rødt nå? Roar foreslår at Ap kan ringe Equinor for å hente litt sukker til pillen for å blidgjøre MDG, og hva er det SV vil? Det blir mye statsbudsjett denne uken, men det er også ventet skattelistetall og så skal investor og sitatmaskin Kjell Inge Røkke vitne i rettssaken som pågår i Oslo tingrett.

Ap vil ikke gi miljøpartiene MDG og SV «noe» på olje i budsjettforhandlingene, men kabinettspørsmål er vel uaktuelt? Hva skjedde på klimatoppmøtet COP30 som er relevant for Norge nå?Vil MDG og SV få gjennomslag for letestans og utfasingsplan? Eller noen mildere varianter? Foreløpig ser det håpløst ut, og det er uklart om miljøpartiene vil bryte.I denne Klimax-podkasten snakker vi om disse forhandlingene, og vi trekker paralleller til klimatoppmøtet COP30, som landet lørdag 22. november.Dessuten er vi innom Equinors høstkonferanse og debatten om elektrifisering i Stortinget. Det pågår nok en kamp om elektrifisering av Melkøya og av sokkelen. Er Frp jokeren? I denne episoden – som er tatt opp rundt lunsj torsdag 27. november – hører du:Kirsten Øystese, ansvarlig for tilnull.no i Norsk klimastiftelse og Energi og Klima-podkastene med eksterne gjester og Brussel-korrespondenten til Energi og Klima Olav Øvrebø, redaktør i Energi og Klima Anne Karin Sæther, prosjektansvarlig for olje- og gassarbeidet i Norsk klimastiftelseTeknisk ansvarlig er Elise Mangersnes.Energi og Klima er nettavisen til Norsk klimastiftelse. Lenker til omtalte saker og nyttig bakgrunn:DN 26.11.25: Måtte ut for å hente penger. Tror dette blir et nytt industrieventyr (om industrielle varmepumper) VG 26.11.25: MDG kan utsette utfasings-frist: – Forventer å få noe tilbake VG 27.11.35: Vedum om MDG-krav: – Utenkelig 25.11.25: Equinors høstkonferanse 25.11.25: Bluesky-tråd fra klimaforsker Glen Peters om Equinor-sjefens tale 27.11.25: Zerokonferansen Energi og Klima 25.11.25: Podkast om resultatet på COP30 med Christian Bjørnæs fra CICERO: Saudi-Arabia og Russland har mest grunn til å være fornøyde Energi og Klima 22.11.35: Klimatoppmøtet: Ingen veikart for fossil utfasing eller stopp i avskoging Ny norsk artsliste: Naturen forsvinner og arealendringer er hovedårsakenEnergi og Klima 27.11.25 Dette skjedde på COP30: Den store over­siktenLes mer Hosted on Acast. See acast.com/privacy for more information.

Nordmenn merker at de trekker det korteste strået. Andre gjør det godt, men selv sitter de igjen med mindre. Medier og politikere kan snakke så mye de vil. Gruppen som sliter vokser.Skal man gjøre noe med problemene, må man forstå hva de bunner i. Document har ansatt økonomi-journalist Kjell Erik Eilertsen. Økonomi har vært stemoderlig behandlet, ikke for det, vi har skrevet om av-industraliseringen i Tyskland og galskapen i fornybart. Men det er vanskelig for folk å fatte at Equinor satser titalls milliarder på vindmøller, sogar til havs. Prosjekter som aldri vil bli lønnsomme. Dette er ikke business, det er avlat.Vanlige folk tror at samfunnet er rasjonelt, men det grønne skiftet bygger på en irrasjonell tankegang. Det har Kent Andersen belyst i en rekke artikler. Nå kan Eilertsen slå i bordet med harde fakta.Det er vår nasjonalformue de sløser bort, men de oppfører seg som om det er deres.

We discuss GB Energy's offshore wind investment and its Aberdeen jobs downgrade, as well as Ithaca's latest North Sea farm in as it forms yet another partnership with Shell. This week's episode features Energy Voice's Ryan Duff, Michael Behr, and Erikka Askeland as they give their two cents on the week's headlines. Before the trio dive into the main topics of this week's show, they draw attention to the sad news of a death in the North Sea. It was confirmed this week that 32-year-old Aberdeen-based father Lee Hulse died after falling from a crane on the Valaris 121 rig on Shell's Shearwater field. There has been a GoFundMe set up to support Lee's family, which you can find here: https://www.gofundme.com/f/lee-hulse?lang=en_GB&fbclid=IwY2xjawOG7ZNleHRuA2FlbQIxMABicmlkETA1UHBLbVRaSWNGR0l4WVhPc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MghjYWxsc2l0ZQEyAAEerr0jbc2399ClT0_FUVuPIixXEB4NZ3af1EZPMtK-4KBBkrxE6YouHgNDNkY_aem__AzvLwuuduNxZUOT79I1Pg First up on this week's show, Michael discusses GB Energy's £150 investment in the 100 MW Pentland Floating Offshore Wind Farm. This marked the state-backed firm's first investment in offshore energy, however, has it been ambitious enough in its choice of project? This announcement came as CEO Dan McGrail announced his firm will create 300 jobs in Aberdeen by 2030, a considerable downgrade from the 1,000 previously promised. Next, Michael heads down to Teesside to the CATS Terminal, where he speaks with Kellas Midstream asset support engineer Harry Ford about his work at the site and the opportunities in the energy industry across Teesside. Finally, what's the story in Tobermory, Erikka lets us know! Ithaca has farmed into Shell's West of Shetland gas field a couple of years after the London supermajor backed out of Ithaca's Cambo project. This comes as Shell looks to form a UK-based independent joint venture with Equinor, which may cause a reassessment on Cambo.

The crew discusses Equinor's significant investment in Ørsted, while Ørsted denies plans to merge. They also cover Jupiter Bach's new plant in Colorado and the upcoming Wind Operation and Maintenance Australia 2026 event. Register for ORE Catapult's UK Offshore Wind Supply Chain Spotlight!Learn more about Composite Inspection and Consulting! Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! You are listening to the Uptime Wind Energy Podcast brought to you by build turbines.com. Learn, train, and be a part of the Clean Energy Revolution. Visit build turbines.com today. Now, here's your hosts. Allen Hall, Joel Saxon, Phil Totaro, and Rosemary Barnes.  Allen Hall: Welcome back to the Uptime Wind Energy Podcast. I'm your host, Allen Hall in the queen city of Charlotte, North Carolina. I have Rosemary Barnes in Australia who has, uh, been doing a little bit of travel. Joel is back in Austin, Texas. Man, I feel like everybody's been traveling a lot and so is Yolanda. The Yolanda has been on the road quite a bit and we have a really interesting week in wind energy. Particularly over in Denmark and Norway, and if you've been following the news there, uh, as we all know, Ecuador had a pretty big investment into Sted several months ago where they put in about two and a half [00:01:00] billion dollars to buy 10% of Sted to help write the ship a little bit, and then. A c basically last month, right Joel? It was about last month where they, they spent about a billion dollars for the right rights issue, uh, to keep that stock moving, right, and or, and need more cash. And that's how they raised it. That's a total investment, about three and a half billion dollars. That's a lot of money for anybody to be spending at this moment, and Ecuador is thinking this is a pretty good bet. That's great and they wanna work closer with Ted. And the talk is that Ecuador wants a boar seat with Ted Joel. Is there any chance that is going to happen?  Joel Saxum: Well, it was, it's interesting that they brought that up as well, right? Because the initial buy-in, you know, back I think six, nine months ago or whatever it was, they specifically said in their press release, we are not trying to get a board seat. We don't want to have [00:02:00] control over this, yada, yada, yada. But then when the rights issue came out, and I think it was the, the TED stock dropped like 30% or something that day. Um, they threw more cash in, they got a little bit more power. But it's like anything, right? Once, once you've got, uh, quite a bit of money invested and you have a, have pretty heavy percentage of us of whatever that investment may be, it can be. Half ownership in a car, I don't care. You want to have a little bit more say about what happens with your money and what the results can be based on strategic decisions. And if you've, you know, been watching Ted's decisions. Now they've been at the, the whim of government policies and stuff for the last few years, but they've also mistepped a little bit on a couple of them. Uh, so you can see EOR wanting to get in there to protect their investment a little bit. The, in the funny thing to me here, and, um, Rosie, you spent a ton of time up in Denmark, is the, the, the back and forth between the Norwegians and the Danes about, oh, you're, you're just our [00:03:00] little brother. You're our, oh, you're our distant cousin, da da da da. How they were kind of all at one point in time, a lot, you know, a lot closer. There was what was called the, um, the calmer Union, I think it was. And that was the Danes, Norwegians,

NESTA EDIÇÃO.Estratégia da Petrobras para ampliar participação no mercado livre de gás surte efeito e companhia responde por 65% das vendas no terceiro trimestre. ANP debate processo da Refit contra diretores. Cúpula de líderes da COP30 começa com foco em recursos para florestas. Equinor e USP vão desenvolver projeto de captura e armazenamento do carbono produzido em usinas de bioetanol. Aneel quer incentivar a migração de consumidores para tarifa de energia que varia conforme o horário do dia. ***Locução gerada por Inteligência Artificial

In this episode of the Energy Newsbeat Daily Standup - Weekly Recap, Stuart Turley and Michael Tanner break down a whirlwind of critical updates—from Secretary Chris Wright's aggressive timeline on rare earth mineral development to the real story behind ANWR lease openings and the mounting capital challenges in Alaska's frozen frontier. They dive into sanctions, Venezuela's geopolitics, and the myth of energy “transition” vs the reality of energy addition. Plus, insights on TotalEnergies' Anadarko gas deal, Equinor's earnings miss, and why utilities and fossil fuels are still where the real returns lie. Buckle up for the smartest 20 minutes in energy.Subscribe to Our Substack For Daily InsightsWant to Add Oil & Gas To Your Portfolio? Fill Out Our Oil & Gas Portfolio SurveyNeed Power For Your Data Center, Hospital, or Business?Follow Stuart On LinkedIn:https://www.linkedin.com/in/stuturley/ andTwitter: https://twitter.com/STUARTTURLEY16Follow Michael On LinkedIn: https://www.linkedin.com/in/michaelta... andTwitter: https://twitter.com/mtanner_1Timestamps:00:00 - Intro00:17 - Secretary Chris Wright has a plan for Rare Earth and Critical Minerals – What is the timeline?03:36 - Now that the Alaska ANWR is Open for Lease Sales, Who Will Develop?08:10 - New Oil Sanctions Will Not Stop Russia's War Machine14:08 - We Are in an Energy Addition, Not Transition20:08 - TotalEnergies Bolsters US Gas Presence with 49% Stake in Anadarko Basin Assets22:07 - Lower Oil Prices Hit Equinor's Q3 Profits and They Miss Analysts Estimates24:23 - OutroLinks to articles discussed:Secretary Chris Wright has a plan for Rare Earth and Critical Minerals – What is the timeline?Now that the Alaska ANWR is Open for Lease Sales, Who Will Develop?New Oil Sanctions Will Not Stop Russia's War MachineWe Are in an Energy Addition, Not TransitionTotalEnergies Bolsters US Gas Presence with 49% Stake in Anadarko Basin AssetsLower Oil Prices Hit Equinor's Q3 Profits and They Miss Analysts Estimates

The state of Arkansas is poised to be the next great lithium brine province. This week at the Arkansas Lithium Innovation Summit I interviewed Governor Sarah Huckabee Sanders along with Allie Kennedy Thurmond and Jason Muller from Equinor, Ashu Sharma from Aquatech and Jesse Edmondson of Standard Lithium.Topics:Why Arkansas?Angela's storyGoing downstreamNo DLE, no SmackoverUS policy gapsStockpile optionsBuilding value chainsThe Smackover Lithium cultureForce multipliersAquatech's businessProcess optimization Li-Pro & PearlWhat's next for the Summit?

In this episode of Energy Newsbeat Daily Standup, Stuart Turley breaks down why we're living through an energy addition, not a transition—as global demand for oil, gas, and coal continues to climb despite record renewable spending. He dives into Texas ERCOT's massive overbuild of nameplate capacity, BP's $25 billion Iraq investment as a geopolitical lifeline, Iraq's new LNG import deal, and major oil producers ramping output despite OPEC's challenges. Plus, updates on TotalEnergies' U.S. gas expansion and Equinor's Q3 profit drop, highlighting how “green transition” strategies have failed and traditional energy remains the cornerstone for investors. Subscribe to Our Substack For Daily Insights Want to Add Oil & Gas To Your Portfolio? Fill Out Our Oil & Gas Portfolio Survey Need Power For Your Data Center, Hospital, or Business? Follow Stuart On LinkedIn:https://www.linkedin.com/in/stuturley/ andTwitter: https://twitter.com/STUARTTURLEY16 Follow Michael On LinkedIn: https://www.linkedin.com/in/michaelta... andTwitter: https://twitter.com/mtanner_1 Timestamps: 00:00 - Intro00:08 - We Are in an Energy Addition, Not Transition06:21 - BP's New $25 Billion Investment in Iraq's Kirkuk Fields Is Far More Than an Oil Project—It's a Geopolitical Pivot07:59 - Iraq Secures First Floating LNG Import Platform Deal with U.S. Firm08:50 - Oil Giants Join OPEC in Boosting Production with Earnings Confirmations This Week12:28 - TotalEnergies Bolsters US Gas Presence with 49% Stake in Anadarko Basin Assets14:41 - Lower Oil Prices Hit Equinor's Q3 Profits and They Miss Analysts Estimates17:03 - Outro Links to articles discussed: We Are in an Energy Addition, Not TransitionBP's New $25 Billion Investment in Iraq's Kirkuk Fields Is Far More Than an Oil Project—It's a Geop…Iraq Secures First Floating LNG Import Platform Deal with U.S. FirmOil Giants Join OPEC in Boosting Production with Earnings Confirmations This WeekTotalEnergies Bolsters US Gas Presence with 49% Stake in Anadarko Basin AssetsLower Oil Prices Hit Equinor's Q3 Profits and They Miss Analysts Estimates

APAC stocks were predominantly in the green following the tech strength on Wall St, most indices extended to record highs.US President Trump said he had a great trip so far and expects to lower fentanyl-linked tariffs on China. China said to have made soybean purchase.European equity futures indicate a marginally lower cash market open with Euro Stoxx 50 future down 0.1% after the cash index closed with losses of 0.1% on Tuesday.USD is broadly firmer vs. peers with GBP still under pressure. AUD leads as hot Aus CPI dashes hopes of an RBA rate cut next month.Israeli planes launched strikes on Gaza City. US VP Vance said he thinks peace in the Middle East will hold despite skirmishes.Looking ahead, highlights US Pending Homes (Sep), FOMC & BoC Policy Announcements, US President Trump to meet South Korea's Leader, Fed Chair Powell & BoC's Macklem, Supply from UK, Germany & US.Earnings from Meta, Microsoft, Alphabet, Google, Starbucks, eBay, Verizon, Boeing, CVS, Caterpillar, Phillips 66, UBS, BASF, Mercedes-Benz, Deutsche Bank, Equinor, Santander, GSK & Airbus.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Norges desidert største selskap har lagt frem ferske kvartalstall. Blir det mer Smørbukk enn Bacalhau i Equinors fremtid? Kan vi samtidig få en overflod av gass i lang tid? Og hva er planene for havvind - både her og der? Med konsernsjef Anders Opedal i Equinor. Programleder Sindre Heyerdahl. Produsent Erik Holm-Nyvold. Ansvarlig redaktør Lars Håkon Grønning. Hør E24-podden der du hører podkast. Analyser, nyheter og innsikt i business og næringsliv. E24-podden ble i mai 2025 kåret til årets aktualitetspodkast under Medieprisene i Bergen.

UK diesel prices just jumped after fresh US/UK sanctions targeting Russian oil producers — and the knock-on could be big. In this week's UK Energy Show, we break down the two-tier oil market (sanctioned barrels stuck “on the water” vs freely traded supply), why diesel is the pressure point, and how Lukoil's asset sale and Petrofac's collapse play into UK energy, jobs, and prices. We also dig into North Sea politics (Rosebank & Jackdaw), the Tony Blair Institute's call to slow the 2030 clean-energy push, and why electricity stays high when gas is ~6p/kWh but power caps at ~26p/kWh. What you'll learnHow tougher secondary sanctions can squeeze legal supply and lift UK dieselWhy India's pivot to non-Russian barrels tightens the “free” marketThe real-world impact: pump prices, logistics costs, and your weekly shopLukoil (refinery sales) & Petrofac (administration): signals vs realitiesBrent vs dated Brent: the price that actually matters for North Sea flowsRosebank/Jackdaw economics, Equinor's role, and UK competitiveness #UKEnergy #DieselPrices #OilMarket #Sanctions #Lukoil #Petrofac #Brent #NorthSea #CostOfLiving #FuelHedging

EU-Kommis­sionen får grønt lys til dronemur og køreplan for forsvar. Mulig fusion mellem Equinor og Ørsted. Novo kan være på vej med endnu en nedjustering for 2025. Prisstigninger på varer i supermarkeder. Ambus vækstambitioner. Trumps blokering af Lisa Cooks fyring.   Vært: Trine Duvander (trine.duvander@borsen.dk)

NESTA EDIÇÃO. Governo passa a contar com R$ 5,7 bilhões adicionais em royalties no orçamento. Equinor avança na construção do gasoduto do projeto Raia. Mais de 500 mil clientes da Enel SP ficam sem luz com temporais. Alemanha e França cada vez mais alinhadas em relação a hidrogênio nuclear.

This is a '60 second sample' of the 'Protest against Rosebank' podcast recorded in London on Saturday the 6th of September 2025. Christian campaigner Judith Russenberger explains why she opposes the development of the Rosebank oilfield in the North Sea:   The complete podcast is below Produced by Bill shaw; Bill@BillShaw.plus.com

Facebooks Mark Zuckerberg, Apples Tim Cook og Bill Gates var blandt en håndfuld magtfulde amerikanske erhvervsledere, der torsdag storroste Donald Trump for rullende kameraer til en middag i Det Hvide Hus. Det er fin påmindelse om, at toppen af erhvervslivet har ædle principper, lige indtil det er politisk opportunt at have nogle andre, lyder det i studiet. Vi diskuterer også Ørsteds afgrundsdybe krise: Er der flere skeletter i skabet? Er Ørsted ved at blive opkøbt af den norske gigant Equinor? Til sidst kigger vi de skuffende amerikanske jobtal, der øger frygten for recession og samtidig øger sandsynligheden for en større rentenedsættelse end ventet. I studiet: Magnus Barsøe, Mikael Milhøj og Sara Sjølin. See omnystudio.com/listener for privacy information.

September is the season of Ceation in the Church Calendar.  But we are destroying Creation; average global temperatures have risen by over 1 degree Centigrade over the last two centuries; the summer of 2025 was the hottest summer on record in the UK. There are still plans to drill for more gas and oil, including in the Rosebank oilfield in the North Sea. Christian campaign groups, including Christian Climate Action, joined a demonstration against the Rosebank oilfield in London: Produced by Bill Shaw: Bill@Billshaw.plus.com

Analytikere spekulerer i at Equinor og Ørsted skal fusionere. Tryg fyrer 180 medarbejdere. ATP leverer stort overskud efter kritik. Danske topchef mener erhvervslivet skal deltage i Gaza-debat. Danmark tæt på at købe krigsskibe af Storbritannien. Kraft Heinz vil splittes op igen - Buffett synes det er en dårlig idé. Vært: Lasse Ladefoged (lasse.ladefoged@borsen.dk)  

Ørsted's US troubles deepen with a massive rights issue and political headwinds, while the Danish giant also exits Scotland's Salamander floating wind project. We cover the looming collapse of Maryland's 2.2GW offshore scheme and Mitsubishi's retreat from Japan offshore wind, alongside Germany's pivot from Chinese turbines to Siemens. In storage, GreenGo unveils financing plans for its 250MW MACSE pipeline, BayWa r.e. and Opdenergy secure landmark UK consents, and Gore Street faces pressure ahead of a crucial AGM.Interested in tickets for our Milan event or the awards show? Email conferences@inspiratia.com or buy them directly on our website.Reach out to us at: podcasts@inspiratia.comFind all of our latest news and analysis by subscribing to inspiratiaListen to all our episodes on Apple Podcasts, Spotify, and other providers. Music credit: NDA/Show You instrumental/Tribe of Noise©2025 inspiratia. All rights reserved.This content is protected by copyright. Please respect the author's rights and do not copy or reproduce it without permission.

In der heutigen Folge sprechen die Finanzjournalisten Anja Ettel und Philipp Vetter über Dr Peppers Übernahme von Jacobs Krönung, neuen KI-Zoff zwischen Musk und Apple und Verkaufs-Fantasie bei Puma. Außerdem geht es um Kering, Keurig Dr Pepper, Interactive Brokers Group, Walgreens Boots Alliance, JDE Peets, Mercedes-Benz, TotalEnergies, Sanofi, RWE, Allianz, Samsung, Siemens, Orsted, Equinor, Vestas, Nordex, Siemens Energy und GE Vernova. Die Tickets zum Finance Summit am 17. September bekommt ihr 40 Euro günstiger – aber nur mit dem exklusiven Code AAA2025, der ihr unter dem folgenden Link eingeben müsst: https://veranstaltung.businessinsider.de/BN5aLV Außerdem könnt ihr unter diesem Link euer Depot hochladen – und mit etwas Glück wird kein Geringerer als Christian W. Röhl euer Depot beim Summit checken und optimieren. https://form.jotform.com/Product_Unit/formular-finance-summit-depot-check Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Der Börsen-Podcast Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Festen fortsetter på børsene. Hvorfor så god stemning? Og hva kan true den videre oppgangen? Samtidig sliter to av Oslo Børs' desiderte lokomotiver. Skal aksjene til Kongsberg Gruppen og Equinor videre ned? Med børskommentator i E24, Roar Valderhaug. Programleder Sindre Heyerdahl. Produsent Erik Holm-Nyvold. Ansvarlig redaktør Lars Håkon Grønning. Hør E24-podden der du hører podkast. Analyser, nyheter og innsikt i business og næringsliv. E24-podden ble i mai 2025 kåret til årets aktualitetspodkast under Medieprisene i Bergen.

NESTA EDIÇÃO. Revisão do plano de investimentos, retorno à distribuição e acesso à infraestrutura de gás: os destaques da entrevista da presidente da Petrobras ao energy talks. Equinor inicia adequações no campo de Peregrino, que teve produção interrompida pela ANP. Ataque ucraniano contra a Rússia afeta fornecimento de petróleo na Hungria. Governador de São Paulo critica renovação da concessão da Enel.

Allen discusses NextEra Energy's growth potential amid the new tax bill, Equinor's financial setback in US offshore wind projects, and Statkraft's strategic shift due to falling electricity prices. Additional highlights include Wisconsin's approval of its first long-duration energy storage project, Jupiter Bach's facility expansion in Florida, and record electricity prices in the US power auction. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! US Renewable Energy Leader NextEra Energy says Trump's new tax bill will help the company grow despite concerns about renewable energy credits. The Florida energy giant told investors it can protect most of its wind and solar projects from losing tax credits under the One Big Beautiful Bill Act. NextEra President John Ketchum says the company is already building so many projects that it can lock in tax benefits through twenty twenty nine. Ketchum believes smaller energy companies will struggle to meet the new deadline of July fourth twenty twenty six. That will likely mean less competition and more business for NextEra. Of course, Wall Street analysts are skeptical. Analysts from Jefferies wrote there is a clear long-term challenge ahead for the company. NextEra has signed contracts for three point two gigawatts of new projects since April. And the company is also exploring nuclear energy and small modular reactors. Norwegian energy company Equinor is taking a nearly one billion dollar loss on its US offshore wind projects. The company reported a nine hundred fifty five million dollar impairment in the second quarter. Most of that money is linked to the Empire Wind project off New York and a marine terminal in Brooklyn. Equinor says regulatory changes in the United States have reduced future profits and increased costs for offshore wind projects. Despite the financial hit, Equinor says it is moving forward with Empire Wind One. The company also completed financing for two offshore wind projects in Poland. The company says it remains committed to growing its renewable energy business. Wisconsin regulators have approved the first long-duration energy storage project of its kind in the United States. Alliant Energy will build the Columbia Energy Storage Project using a new carbon dioxide battery system designed by Energy Dome. The project will provide enough electricity to power eighteen thousand Wisconsin homes for ten hours on a single charge. Raja Sundararajan from Alliant Energy says the project will strengthen the power grid and help meet growing energy needs. The Energy Dome system works by converting carbon dioxide gas into compressed liquid for storage. When electricity is needed, the liquid turns back to gas and powers a turbine. Currently Energy Dome has a system running in Italy. Construction in Wisconsin will begin in twenty twenty six and the project should be completed by the end of twenty twenty seven. The storage system is part of Alliant Energy's long-term plan to expand power generation with a balanced mix of energy sources. Norwegian energy company Statkraft took a three billion dollar hit on its wind power projects due to falling electricity prices. The company reported strong power generation in the second quarter but said lower prices in northern Norway and Sweden hurt profits. Statkraft President Birgitte Ringstad Vartdal says the company is refocusing its strategy after a period of high energy prices following the Russian war in Ukraine. The company is streamlining operations and focusing on fewer technologies and markets.

In this week's episode of Energy Transition Today we start with a breakdown of major European nuclear news: the sale of equity stake and financing strategy for Sizewell C in the UK along with Bulgaria's plans for expansion of its nuclear output.In the next part we discuss the debt package for Rezolv's onshore wind farm in Romania, the sale of bp's 1.7GW US onshore wind portfolio, Equinor's offshore wind impairment and OVO Energy's onshore wind repowering plans in the UK.On to funds news, we breakdown the structure of Macquarie's first Europe infra debt strategy and end on shareholder troubles brought on by declining share price of Gore Street Storage fund.Send us a textReach out to us at: podcasts@inspiratia.comFind all of our latest news and analysis by subscribing to inspiratiaListen to all our episodes on Apple Podcasts, Spotify, and other providers. Music credit: NDA/Show You instrumental/Tribe of Noise©2025 inspiratia. All rights reserved.This content is protected by copyright. Please respect the author's rights and do not copy or reproduce it without permission.

The Trump administration has canceled a conditional $5 billion federal loan guarantee for the Grain Belt Express — a massive transmission line project designed to carry power across four Midwest states. POLITICO's James Bikales breaks down why the administration pulled the plug, the political pressure behind the decision, and how it impacts America's power grid and push for artificial intelligence moving forward. Plus, Norwegian energy company Equinor says it's taking a nearly 1 billion dollar hit on its U.S. offshore wind projects. James Bikales is a reporter for POLITICO.  Josh Siegel is the host of POLITICO Energy and a congressional energy reporter for POLITICO.  Nirmal Mulaikal is the co-host and producer of POLITICO Energy.  Alex Keeney is a senior audio producer at POLITICO.  Gloria Gonzalez is the deputy energy editor for POLITICO.  Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Learn more about your ad choices. Visit megaphone.fm/adchoices

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US President Trump announced trade deals with the Philippines, Indonesia and Japan, with the latter involving a USD 550bln investment in the US and 15% tariffs for Japanese goods.US stocks closed mixed with underperformance in tech, APAC stocks were mostly higher; Nikkei 225 outperformed.Japanese PM Ishiba is likely to announce resignation as early as this month, according to Yomiuri. Other reports suggest August-end. European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 1.2% after the cash market closed with losses of 1.0% on Tuesday.DXY is flat, havens (CHF, JPY) lag G10 peers, antipodeans lead, EUR/USD remains on a 1.17 handle.Looking ahead, highlights include EU Consumer Confidence, US Existing Home Sales, Supply from UK, Germany & US.Earnings from VAT, Lonza, Equinor, Thales, Tesla, Alphabet, ServiceNow, IBM, Chipotle, GE Vernova, Freeport, AT&T, Thermo Fisher Scientific, Lamb Weston, Infosys, Moody's, CME & Hilton.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Jesse Edmondson and Arthur Orduña are playing key roles in shaping the future of lithium production and the broader battery supply chain in Arkansas. Together, they bring deep experience and a shared mission: to put Arkansas squarely on the global lithium map.In this episode, we discuss:Why major players like Exxon, Equinor, and Chevron have chosen Arkansas for their first lithium investmentsHow a small startup like Standard Lithium partnered with a Norwegian oil major—and why that collaboration makes strategic senseHow Arkansas is leveraging the Smackover Formation to build a full lithium-ion battery ecosystem through initiatives like the Arkansas Lithium Innovation Accelerator and other emerging programsWhy making cathode materials in Arkansas isn't just possible—it's practicalI also extend a direct invitation to Korean battery makers to partner for cathode production in ArkansasThis is a uniquely American story—about innovation, energy, and new beginnings in unexpected places.Stick around for Rapid Fire.

What trade-offs will we need to make to achieve net zero? Listen to Jason Mitchell discuss with Alex Grant, Equinor UK Country Manager, about the state of the energy transition, the trade-offs that we are increasingly facing between security of supply, affordability and decarbonisation; and emerging energy technologies.

In April, the Trump Administration issued a stop order for the Empire Wind offshore wind project in New York, pushing the $5 billion project to the brink of collapse.  The project is being built by the giant Norwegian energy company Equinor.  When completed, the wind farm is expected to deliver enough electricity to power 500,000 […]

Nearly 150 days into President Trump's second term, the outlook for wind energy in the United States - particularly offshore wind - is increasingly bleak. Trump had pledged to end offshore wind development, and now the House Ways and Means Committee is proposing a phase-out of tax credits for renewables by 2031 - a move that would severely impact an already struggling wind sector (over on our sister podcast Energy Gang, we discuss the bill and what it means for renewables – check out that episode once you're finished here).Only three offshore wind projects have come online in US waters, with 4 GW currently under construction. In 2024, total wind installations reached a ten-year low at just 5.2 GW. By contrast, Europe has surged ahead, having built 35 GW of offshore wind capacity - ten times the US total – emphasising the stark differences in policy and financing frameworks.Still, there are glimmers of hope: President Trump recently lifted a stop-work order on a $5 billion offshore wind farm off the coast of New York, following lobbying from Governor Kathy Hochul. The project, led by Norwegian company Equinor, is expected to power 500,000 homes by 2027. However, with developer confidence sinking, experts warn that the stop-start nature of US policy continues to undermine long-term momentum in the sector. To forecast the next few years for wind in the US, host Sylvia Leyva Martinez – principal analyst at Wood Mackenzie – is joined by analyst Stephen Maldonado. They explore the policy and technology that's holding back deployment of offshore wind in the US.Plus, looking across the Atlantic to Europe, Sylvia talks to WindEurope CEO Giles Dickson, about the financing frameworks for wind in Europe.Sylvia, Stephen and Giles talk through the lessons for developers and financers: with uncertainty around tax credits and shifting policies, there may be a shift in resources to more advanced projects, putting early-stage ones on hold. Repowering old wind turbines is an option too; Giles explains how. And making use of domestic supply chain strengths is key – compared to solar, wind has more domestic supply chain support.Follow the show wherever you're listening to it now, and tell us what you think, we're on X and Bluesky @interchangeshowSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today we had a fantastic conversation with Daan Struyven, Co-Head of Global Commodities Research and Managing Director, Head of Oil Research, alongside his colleague Lina Thomas, Commodities Strategist, with Goldman Sachs. Daan joined Goldman in 2015 and previously co-led the Goldman Global Economics team as well as the firm's Canada Economics research effort. He holds a Ph.D. in Economics from MIT. Lina joined Goldman after earning her Ph.D. in Economics from Harvard, where she focused on safe-haven assets. We were thrilled to welcome these Ph.D. powerhouses for a deep dive into a topic we haven't yet explored on COBT – the gold markets and how they intersect with oil, gas, copper, interest rates, tariffs, geopolitics, central banks, structural market changes, and more. In our discussion, Lina provides a detailed overview of the historical inverse relationship between gold and interest rates, and highlights the unusual strength of the gold rally that began in 2022. She describes that the rally was triggered by the freezing of Russian central bank assets in February 2022, which prompted central banks, particularly those geopolitically aligned or close to Russia, to increase gold purchases to reduce reliance on politically vulnerable reserve assets. Lina explains that in addition to modest investor inflows, ongoing central bank demand has played a critical role in sustaining gold's price rise and discusses how geopolitical proximity is a key predictor of central bank gold buying. We explore Goldman's approach to estimating actual central bank purchases, which are underreported in official data, Russia's gathering of gold reserves ahead of its invasion of Ukraine, the effects of the war and subsequent sanctions, and how Russia rerouted its gold exports similar to its post-sanction oil trade. Daan outlines Goldman's copper market outlook, including their view on proposed copper tariffs, the anticipated supply deficit by 2026 due to limited investment in new projects, their copper price forecast, and the key short-term drivers influencing copper prices. We cover gold's unique role as a stock rather than a flow asset, with only about one percent of tradable gold coming from annual mine supply, why central banks favor gold over silver, Goldman's four structural investment themes (Dollar Diversification, Defense Spending, Disinvestment in Supply, and De-risking Energy Systems), the firm's crude oil outlook over the next year, and much more. We greatly appreciate Daan and Lina for sharing their time and perspectives. Mike Bradley opened the discussion by noting that “Trumpatility” has faded considerably, with the S&P 500 Volatility Index now trading near year-to-date lows. Ironically, this introduces some degree of risk as broader markets are now technically overbought. Moody's downgraded U.S. debt by one notch this past week but U.S. bonds and equities shrugged it off, mostly because U.S. bonds don't typically move on ratings changes, but more so on inflation and employment growth, while broader equities are driven mostly by forward earnings estimates. The U.S. dollar weakened slightly on the U.S. debt downgrade while Bitcoin and gold prices are trading near all-time highs, likely a reflection of growing U.S. debt levels. He wrapped up with a roundup of notable Energy & Electricity headlines, including: Blackstone Infrastructure's $11.5 billion acquisition of TXNM Energy; Strathcona Resource's $6 billion takeover offer for MEG Energy; Phillips 66's Proxy vote battle with Elliott (involving four board nominations); Trump's unexpected reversal of his recent shutdown of Equinor's Empire Wind 1 project off Long Island; and the recent decline in Permian oil rig count and the potential associated gas growth implications. Jeff Tillery also joined and peppered in his thoughts to the discussion. We hope you find today's discussion as insightful and interesting as we did. Our best to you all!

Laurent and Gerard sit down for an in-depth (and at times fiery) conversation with Ben Backwell, Chair of the Global Wind Energy Council (GWEC), to unpack the current state of the wind industry. Ben joins from Brazil, where preparations for COP30 are already underway.As GWEC has just released its flagship Global Wind Report 2025—a must-read for anyone serious about the energy transition—they reflect on wind power's progress. While the sector has continued to grow, it's been outpaced by solar and storage, grappling with supply chain bottlenecks, technical hurdles, and an all-out culture war driven by fossil fuel interests and political headwinds.The discussion covers the recent struggles of the U.S. offshore wind sector (recorded just before the devastating cancellation of Equinor's Empire Wind project, a move we, unfortunately, saw coming).We also dive into China's meteoric rise, now dominating two-thirds of the global wind market with players like Goldwind, Envision, Windey, and Mingyang—now surpassing Western stalwarts such as Vestas, Siemens Energy, and GE Vernova.Despite the noise and negativity—what Laurent refers to as “the enemies of freedom”—there's reason to stay hopeful. Wind remains a cornerstone of clean, secure, and locally sourced energy in many regions.Check out the full Global Wind Report 2025 from GWEC here: https://www.gwec.net/reports/globalwindreport

Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureDoug Burgum halted offshore wind project near NY, Gov Hochul tries to fight back. Foreign investors are dumping stocks.IMF issues warning, Trump is destroying their system. Trump is getting ready to drill baby drill. The Art of the Deal is in action. The [DS] has lost the narrative on MS-13 who was deported. The question is why are the Ds and the fake news concerned about this individual, does he know where the bodies are buried? Scavino sends a message puts up a picture of the President of El Salvador playing chess. What is the objective, in the end it will be checkmate king.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy Trump Admin Orders Halt To Offshore Wind Project Near New York Secretary of the Interior Doug Burgum said on April 16 that he had ordered a halt to the construction of a major wind project off the coast of New York “until further review.” Burgum, posting to the social platform X on Wednesday, said he had consulted with Commerce Secretary Howard Lutnick to direct the Bureau of Ocean Energy Management to “halt all construction activities” on Equinor's Empire Wind project. The Biden administration approved the project in 2023, with construction beginning last year. The interior secretary accused the former administration of “rush[ing] through its approval without sufficient analysis.” He did not provide further details on potential faults identified. “On day one, [President Donald Trump] called for comprehensive reviews of federal wind projects and wind leasing, and at Interior, we are doing our part to make sure these instructions are followed,” Burgum wrote in a follow-up post.   In response to the pause, New York Gov. Kathy Hochul said the project had already generated roughly 1,000 “good-paying union jobs” and is contributing to the state's economy. “This fully federally permitted project has already put shovels in the ground before the President's executive orders—it's exactly the type of bipartisan energy solution we should be working on,” Hochul wrote in a statement. “As Governor, I will not allow this federal overreach to stand. I will fight this every step of the way to protect union jobs, affordable energy, and New York's economic future.” According to the University of Maryland Center for Environmental Science, offshore wind farms “can be damaging to fish and other marine species” due to the noise and vibration from both the construction and operation of the wind turbines. Disturbing the sea floor during construction can also “affect plankton in the water column.” Source: zerohedge.com   https://twitter.com/KobeissiLetter/status/1912952517346070939  According to Apollo, foreigners own a massive $18.5 trillion of US stocks, or 20% of the total US equity market. Moreover, foreign holdings of US Treasuries are at $7.2 trillion, or 30% of the total. Investors from abroad also hold 30% of the total corporate credit market, for a total of $4.6 trillion. Foreign investors want out amid the volatility. IMF issues global economy warning The global economy is expected to grow more slowly this year and face higher inflation, the International Monetary Fund (IMF) has said, citing global trade disruptions and rising “protectionism.” Sweeping tariffs imposed by US President Donald Trump, which he says are focused on prioritizing domestic manufacturing and renegotiating trade deals in favor of the US, have caused a sharp rift with trade partners, including the European Union and China.