Norwegian oil and gas group Equinor ASA (OSE:EQNR) recorded a net operating loss of USD 412 million (EUR 391m) in the third quarter of 2023 due to a setback for US offshore wind projects. The loss, which was reduced from USD 56 million a year ago, mainly reflects a USD-300-million impairment related to its offshore projects on the US North East Coast after the New York Public Service Commission rejected its price increase petitions to address cost inflation. The company is assessing the implications of this rejection for its projects. At a group level, EquinOr delivered USD 2.73 billion in adjusted earnings after tax, down from USD 7.19 billion a year earlier due to decreased gas prices.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







