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Page 39 - Oili News Today : Breaking News, Live Updates & Top Stories | Vimarsana

European firms warn renewables need policy, funding support to stay on track

Europe's offshore renewable energy industry is not big enough to deliver governments' goals to rapidly expand green power, and requires a jump in policy support and funding to get on track, European companies from the sector said on Monday.

Vaar Energi maintains dividend after Q1 operating profit falls

Norwegian oil and gas firm Vaar Energi , majority owned by Italy's Eni , on Monday maintained its quarterly dividend payment at $270 million after the company's January to March operating profit fell from a year ago.

Factbox: Global offshore wind tenders including floating technology

Floating wind is viewed as the final frontier for offshore wind as turbines can be installed in deeper waters than fixed-bottom foundations, harnessing stronger and more continuous wind to generate more power.

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