The ESB and Equinor are looking to bring a number of large-scale wind projects to commercial operation by 2030 and will examine the potential for energy storage technology to complement these wind farms.

Norway unexpectedly took almost $400m (€360m) from its sovereign wealth fund in August, marking the first such withdrawal in over a year as western Europe’s biggest petroleum producer takes advantage of its enormous piggy bank amid a decline in oil prices.

Falling development costs and new technology have made Ireland an attractive emerging market for offshore wind, it has been claimed.

Equinor is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change.

Western Europe’s biggest oil producer is, seemingly, falling out of love with oil.

Markets don’t believe Opec’s output plans will work

A Norwegian navy frigate has been evacuated after it was hit by a tanker while docked in a harbour, the military has said.