Search results for: Magnus

405 results

A list of search results

  • 19 May 2015
    Business & Finance, Exploration & Production

    Bergen Group has now come to an agreement with Semco Maritime AS for sale of the rig service activity, and with Hellik Teigen AS and Hellik Teigen Eiendom AS for sale of the real estate at Hanøytangen. The parties have agreed to uphold the sales price of NOK 245 million ($32.8 million), as set out […]

  • 6 May 2015

    On 30 April 2015 the DanTysk wind farm was inaugurated in Hamburg, Germany. DanTysk is one of the first large-scale offshore wind farms ever to be built in the German North Sea and will provide 400.000 households with renewable electricity. The ceremony, held in Hamburg, was attended by German Federal Minister for Economic Affairs Sigmar […]

  • 4 May 2015
    Business & Finance, Exploration & Production

    Bergen Group has terminated the agreement on the sale of the properties and the rig service activity at Hanøytangen.  To remind, the company decided in April to divest its rig-service activity at Hanøytangen for a total transaction price of NOK 245 million ($32.2 million). According to Bergen Group, the signed share purchase agreement between Bergen Group […]

  • 28 April 2015
    Business & Finance

    Lower production volumes and continued falling electricity prices had a negative effect on Vattenfall’s earnings during the first quarter. Profit after tax fell to SEK 4,987 million (EUR 531.37 million) compared to the same period last year of SEK 8,205 million (EUR 874.10 million). However, the work towards a more sustainable energy portfolio continued, and […]

  • 20 April 2015
    Business & Finance, Research & Development

    DNV GL led Joint Industry Project (JIP) involving twenty industry players has made the first issue of a Recommended Practice for Subsea Documentation Standardisation.  Working together the partners have invested considerable time to scope out and agree upon a set of typical subsea production systems (SPS) and functions with common terminology and a required minimum […]

  • 20 April 2015
    Research & Development, Technology

    EU-funded researchers have developed a prototype wind energy system that works at much higher altitudes, where winds are stronger and more constant, dramatically increasing electricity production. A commercialised product is in the pipeline. Most wind energy comes from turbines 150 metres above ground level. Winds at this altitude are however weak and intermittent, with most […]

  • 17 April 2015
    Business & Finance, Equipment

    NCE Subsea is now a partner in the joint industry project (JIP) Subsea Documentation Standardisation. This industry is initiated and managed by DNV-GL and the Norwegian Oil and Gas Association (NOROG). The aim is to develop a recommended practice representing the minimum set of documentation requirements for all major subsea components. NCE Subsea partners and […]

  • 13 April 2015
    Business & Finance, Exploration & Production

    Bergen Group has decided to divest the company’s rig-service activity at Hanøytangen. The total transaction price is set to NOK 245 million ($30.2 million). Sale agreements have been concluded with Semco Maritime AS for the operational activity and with Hellik Teigen AS for the real estate. The well-established industrial area at Hanøytangen outside Bergen has […]

  • 9 April 2015

    Vattenfall and Stadtwerke München (SWM) will commission DanTysk offshore wind farm in the North Sea later this month. The construction started in February 2013 with the installation of the first foundation pile 70 kilometres west of the island of Sylt, and now the wind farm is connected to the German electricity transmission grid. The launching […]

  • 9 April 2015

    Vattenfall and Stadtwerke München (SWM) will commission DanTysk offshore wind farm in the North Sea later this month. The construction started in February 2013 with the installation of the first foundation pile 70 kilometres west of the island of Sylt, and now the wind farm is connected to the German electricity transmission grid. The launching […]

  • 27 February 2015
    Authorities & Government, Business & Finance

    Vattenfall Wind Power has won the bidding in the process to build the offshore wind farm Horns Rev 3 outside the Danish west coast. Now the company awaits approval from the Danish Parliament and EU. With a total capacity of 400 MW, the wind farm will produce electricity for 450 000 households from 2017. “This […]

  • 27 February 2015
    Authorities & Government, Business & Finance

    Vattenfall Wind Power has won the bidding in the process to build the offshore wind farm Horns Rev 3 outside the Danish west coast. Now the company awaits approval from the Danish Parliament and EU. With a total capacity of 400 MW, the wind farm will produce electricity for 450 000 households from 2017. “This […]

  • 24 February 2015
    Business & Finance, Equipment, Technology

    Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of environmental and remediation services, today reported financial results for the quarter and year ended December 31, 2014, including record backlog of $670 million. Chief Executive Officer Jonathan Berger said: “During 2014, the Company achieved several […]

  • 5 February 2015
    Business & Finance

    The Swedish energy company, Vattenfall, will invest a total of SEK 9.1 billion (EUR 963 million) in wind power over the course of two years. According to the company’s full year report, Vattenfall is planning to spend SEK 41 billion (EUR 4.34 billion) for the same period, out of which SEK 11.1 billion (EUR 1.18 […]

  • 2 February 2015
    Exploration & Production

    Singapore’s Keppel FELS is on its way to deliver the fourth semi-submersible accommodation rig to Floatel International Ltd (Floatel) At a ceremony in Singapore, held on Saturday, January 31, the rig was named Floatel Endurance at the Keppel FELS yard. It will be deployed to work for Chevron in Western Australia in 2015 before proceeding to work […]

  • 30 January 2015
    Business & Finance, Equipment, Operations & Maintenance

    Ezra’s flagship, Lewek Constellation, the subsea construction vessel, is on track to turn fully operational by March 2015. The Group’s ice-classed, DP3 multi-lay construction vessel with heavy lift capabilities is currently being finalized in front of the Huisman Schiedam quayside in the Netherlands. Huisman designed and built the 3000mt Offshore Mast Crane and the Multi-lay System onboard […]

  • 30 January 2015
    Business & Finance, Equipment

    Ezra Holdings’ Subsea Services division, EMAS AMC, has secured multiple contracts from various energy companies valued at more than US$65 million (including options). The scope of work includes project management, engineering, and transportation and installation works for a floating production storage offloading (FPSO) vessel in Africa, as well as various engineering and offshore construction support […]

  • 15 January 2015
    Business & Finance

    Vattenfall today announced a new organisational structure and executive management team as key steps in ensuring the right structure to support Vattenfall’s future strategy. The new structure will take effect on 1 April 2015 and will replace the current regional structure.  Vattenfall’s new organisational structure is part of the current review of the Group’s strategy. The […]

  • 11 December 2014
    Business & Finance, Equipment

    Wood Group has been awarded a five year contract with an estimated value of $750 million from BP. Under the contract Wood Group PSN (WGPSN), will deliver engineering, procurement and construction services to six UK continental shelf (UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshore midstream facilities in Grangemouth. Effective January 2015, […]

  • 27 November 2014
    Business & Finance, Equipment

    A new series of six Anchor Handling Tug Supply vessels to be built at the Kleven Verft AS in Norway for the Danish based Maersk Supply Service A/S – part of the A. P. Møller-Mærsk Group, will feature fully integrated solutions from Wärtsilä. There is an option for an additional four vessels within this series. […]

  • 20 November 2014
    Business & Finance

    Great Lakes Dredge & Dock Corporation yesterday announced that it has priced its previously announced offering of $25 million in aggregate principal amount of its 7.375% Senior Notes due 2019 and entered into an agreement to sell the Notes. The closing of the offering is expected to occur on November 24, 2014, subject to customary closing […]

  • 19 November 2014
    Business & Finance

    Great Lakes Dredge & Dock Corporation today announced that it intends to offer up to $25 million in aggregate principal amount of 7.375% Senior Notes due 2019. The Notes, if issued, would be senior unsecured obligations of the Company and its subsidiaries that guarantee the Notes. Each of the Company’s existing and future wholly owned […]

  • 7 November 2014
    Business & Finance, Equipment

    ALP Maritime Services B.V. has entered into a purchase agreement to acquire six powerful long distance anchor-handling and towing vessels, subject only to a satisfactory inspection of the vessels. The vessels are operating in the 200 and 300 Tonnes Bollard Pull towing vessel segment. This acquisition adds a combined 1,450 Tonnes of Bollard Pull to […]

  • 6 November 2014
    Business & Finance

    The Port of Everett’s contractor for the active environmental cleanup, Magnus Pacific, yesterday commenced dredging at the eastern corner of the Central Marina. The dredging portion of the project will continue through February 14, 2015. Regular working hours will be Monday through Saturday; 7 a.m. – 5 p.m.; however, dredging may also occur after hours from 5 p.m. […]

  • 5 November 2014
    Business & Finance

    Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of environmental and remediation services, today reported financial results for the quarter ended September 30, 2014. Chief Executive Officer Jonathan Berger stated: “Recently, we were low bidder on a record volume of bids, commenced construction […]