Search results for: turns

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  • 21 November 2012

    Faced with plunging demand for ships it seems that shipbuilders have turned to oil and gas sector. One of such examples is Rongsheng Heavy Industries Group Holdings Ltd., which has formed a new offshore-energy equipment unit aiming to focus on offshore and marine business and hoping that the new unit will generate half of its […]

  • 16 September 2014
    Business & Finance

    Russia plans to boost its shipbuilding capability by creating a shipbuilding cluster for construction of vessels and marine equipment that will attract foreign investments. According to the Russian Government’s decree On the development of shipbuilding in Russian Far East, issued last week, the cluster will be established on the basis of Far Eastern Shipbuilding and Ship Repair Center […]

  • 11 July 2012
    Business & Finance

    BMT JFA Consultants, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has announced that it has secured a three year contract with Western Australia’s Department of Transport (DoT). Providing a range of project management services, the contract will see BMT work closely with the Department to help […]

  • 23 February 2018

    Houston-based LNG engineer KBR swung into a profit of $275 million during the fourth quarter of 2017 after reporting a net loss of $87 million in the corresponding quarter last year. 

  • 4 April 2016

    Positive news for Zidanes these days. While Zinedine Zidane, one of the world’s best football players in history and the current manager of Real Madrid, is still enjoying his team’s Saturday’s victory over their arch rivals Barcelona, another Zidane, in Norway, is getting ready for a fresh start. Namely, the Norwegian Zidane is not even […]

  • 4 April 2016

    International Renewable Energy Agency (IRENA), an intergovernmental organization made up from 146 members that promotes the adoption and sustainable use of renewable energy, is today marking the fifth anniversary of its formal creation.

  • 24 June 2011

    As reported in the latest edition of “Pictures of the Future”, Siemens is also turning to tidal power as it strives to exploit alternative forms of energy. The company has recently secured a stake in SeaGen, the world’s first commercial power plant to generate electricity from tidal energy. Commissioned in 2008, the 1.2 MW plant […]

  • 23 September 2014

    The scope of the EU Regulation on Market access to port services and financial transparency of ports could be cut extensively as the text becomes ever more weakened  in the EU Council of Ministers, according to the European Community Shipowners’ Association (ECSA). In March, MEP Knut Fleckenstein, the rapporteur on the European Commission’s proposal for the Regulation said that […]

  • 16 September 2013
    Business & Finance, Environment

    ING Commercial Banking (ING CB) is shifting its European focus from financing natural gas plants to financing renewable energy projects, reports Business Recorder. The main reason for this shift to offshore and onshore wind and solar power is the increased development of renewable energy projects in Europe as well as “overcapacity (in Europe’s power market) […]

  • 17 January 2014

    Economic recovery starts with innovation. And innovation starts with new ideas and new concepts. But innovation also starts with a thorough insight into the problems and challenges of daily life. Although it may not be the popular perception, many inventors were regular people: they simply tried to find solutions for the problems and challenges they […]

  • 15 April 2013
    Business & Finance

    BMT is collaborating with Adani Mining Pty Ltd (Adani) to design the expansion at the Adani Abbot Point Coal Terminal at Abbot Point, north of Mackay, Queensland. The collaboration will involve BMT engineers from Australia (BMT WBM) and India (BMT Consultants (India)) working closely together with Adani at its head office in Ahmedabad, India. The […]

  • 8 December 2017

    Larger cargo ships will now be able to access Port Canaveral following the deepening of the West Turning Basin.

  • 5 July 2012

    According to Business Day Online, India has joined other countries which are turning to the US for gas, because of the America’s collapse in gas prices. Petronet LNG talked with two US companies regarding the issue of India’s gas supply. India consumes 46.2356 MT of gas and imports about 10.13 MT. Shale gas has turned […]

  • 24 June 2011

    As reported in the latest edition of “Pictures of the Future”, Siemens is also turning to tidal power as it strives to exploit alternative forms of energy. The company has recently secured a stake in SeaGen, the world’s first commercial power plant to generate electricity from tidal energy. Commissioned in 2008, the 1.2 MW plant […]

  • 21 May 2007

    The Race Committee has raised a postponement flag at the regatta office, holding the two semi finalists ashore this morning. Desafío Español’s ESP 97 and Emirates Team New Zealand’s NZL 92 will remain at their bases for now.

  • 20 May 2014
    Business & Finance

    Crowley Maritime Corporation has entered a partnership with Future Care, Inc. As explained by Crowley, the move is aimed at ensuring that “the company’s active mariners are receiving the best possible health care while at sea.” Crowley added that Future Care’s “Caring for the Crew” program provides 24-hour medical advice to crew aboard Crowley’s worldwide […]

  • 1 May 2014

    US billionaire Donald Trump has confirmed the acquisition of £35 million Turnberry Golf Course located in Turnberry, South Ayrshire, from Dubai-based Leisurecorp group, despite saying he will switch focus to a new project in Ireland. In February 2014, Trump lost a court battle against the Scottish Government’s decision to approve a wind turbine development off […]

  • 27 November 2015
    Business & Finance

    Nordic financial services group SEB has decided to shift away from coal and not make further investments in coal mining and new coal power plants, the company said in its revised Climate Change Position Statement. SEB will also aim to increase the share of renewables and decrease the share of fossil fuels-related investments in its […]

  • 20 March 2015

    Anholt offshore wind farm export cable has been connected, said the Danish grid operator, However, the cable is still not bringing the electricity from 400MW wind farm to shore as it is undergoing testing at the moment. The damaged piece of cable is being studied in the laboratory in order to determine the cause […]

  • 26 May 2017
    Business & Finance

    Faroese oil company Atlantic Petroleum has posted a profit for the first quarter of 2017, following a loss in 1Q 2016. The company that recently sold its stake in the yet to be developed Orlando field in the UK North Sea, reported a net profit of 5.4 million Danish crowns, up from a loss of […]

  • 7 February 2017

    UK-based energy giant and LNG player, BP reported a slight net profit for 2016, recovering from heavy losses the company logged the previous year. BP posted a profit of $115 million, compared with the headline loss of $6.5 billion reported for 2015. Theses figures included a total of $4 billion non-operating charges taken through the […]

  • 17 October 2014

    Pacific Rubiales Energy Corp. has entered into a three year Memorandum of Understanding and Cooperation (the “MOU”) with Mexico’s state oil company Pemex.   The MOU is establishing the basis for discussions and analysis of potential oil and gas cooperation in Mexico, including exploration, deep-water projects, revitalization of mature fields, heavy and extra-heavy oil onshore and […]