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BP's Q3 profits have sharply dropped, missing analysts' forecasts due to weak gas trading results. The company also wrote down a large chunk of a US offshore wind project. This comes as Dominion Energy and the Biden Administration secured permission to build a 2.6-gigawatt offshore wind farm near the Virginia coast, which would be the largest offshore wind farm in the US. European energy companies, including Orsted, are expected to write down more of their US offshore wind investments following BP and Equinor's impairments. Meanwhile, Orsted has halted wind projects in New Jersey, impacting US energy plans.
Ørsted halts New Jersey wind power projects in blow for Biden's clean energy plans https://t.co/Y0Lt0IYIUW
The Biden administration has approved what is expected to be the nation’s largest offshore wind farm yet https://t.co/iNAzj0KhAm https://t.co/oPmsucAa4b
Orsted records $4 bln in impairments, ceases development of some US offshore wind projects https://t.co/CFqdOf4w9r https://t.co/db9AMWfZD3
Ørsted halts New Jersey wind projects in blow to US energy plans https://t.co/CV9lIuZpVF https://t.co/oh9jSbrTHz
Offshore wind company pulls out of New Jersey projects, imperiling Biden's green agenda https://t.co/VCdLz2FK4G
US OFFSHORE WIND WRITEDOWNS SEEN SOARING WITH ORSTED EARNINGS (Reuters) European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days. https://t.co/J3YyANZ3Iv
The US's largest offshore wind farm just got the green light https://t.co/oxfJvfVSRZ by @michelle0728
WATCH: Energy giant BP's results fall short of expectations, the company's second straight substantial quarterly miss https://t.co/unqAHK3DzR https://t.co/ELZ4ZDjoy3
Energy giant BP's results fall short of expectations, the company's second straight substantial quarterly miss https://t.co/RGCCyAmLX7 https://t.co/6TFDF5dZcT
US offshore wind writedowns seen soaring with Orsted earnings https://t.co/x6mIKUSVOz https://t.co/9CHKhpB3Tl
🚩 US OFFSHORE WIND WRITEDOWNS SEEN SOARING WITH ORSTED EARNINGS European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days. https://t.co/3T3BRMOBe4
Biden approves largest offshore wind project in US history https://t.co/OPTkDfKxHZ
WATCH: BP reported third-quarter earnings of $3.3 billion, missing analysts' forecasts due to weak gas trading results while the firm wrote down a large chunk of a US offshore wind project https://t.co/unqAHK3DzR https://t.co/7Ark1y2cgo
The Biden Administration on Tuesday approved a plan to install up to 176 giant wind turbines off the coast of Virginia. If completed, it would be the largest offshore wind farm in the U.S. https://t.co/03LzW9De53
Dominion Energy secured permission Tuesday from the US Interior Department to build a 2.6-gigawatt offshore wind farm near the Virginia coast https://t.co/ay58u02zF3
BP shares down 4% after third-quarter profit plummet https://t.co/rdvkwTqNeN
BP's Q3 profits drop sharply, buybacks extended https://t.co/0mpyNFwynH https://t.co/VxJPwXBiMc
BP profits tumble as energy prices slide https://t.co/F62N5BxFoy