Business & Finance
Trident Energy Announces Strengthening of its Management Team (UK)
Trident Energy, the independent developer of enabling technology for the offshore renewables sector, today announced the strengthening of its management team to support the development of its innovative PowerPod system. The team will be based in the Company’s new central Glasgow office. Trident Ener
Trident Energy Announces Strengthening of its Management Team (UK)
Trident Energy, the independent developer of enabling technology for the offshore renewables sector, today announced the strengthening of its management team to support the development of its innovative PowerPod system. The team will be based in the Company’s new central Glasgow office. Trident Ener
TidalStream Gets Go-Ahead for Tidal Turbine Project (UK)
Warwickshire tidal energy business TidalStream has been given the go-ahead on a £12 million project after securing major investment from… (leamingtoncourier) [mappress] Source: leamingtoncourier, November 03, 2011;
France: UN Agencies Launch Proposals to Safeguard Oceans and Coastal Areas
United Nations agencies in Paris launched a plan to improve the management of oceans and coastal areas. The Blueprint for Ocean and Coastal Sustainability sounds the alarm about the health of the oceans, and explains how they influence our everyday life by regulating the climate, providing highly-nu
Germany: RWE Dea to Search for Oil in Waden Sea National Park
RWE Dea submits applications for exploration wells off the coast of Schleswig-Holstein and Lower Saxony RWE Dea assumes that additional deposits exist near Germany’s biggest oil field Mittelplate and along the coast of Lower Saxony, off Cuxhaven. RWE Dea, as operator or two consortia, plans to drill
UK: Hydratight Wins British Safety Council’s Highest Award, Sword of Honour
Hydratight has officially become one of the safest companies by winning the British Safety Council’s highest award, the Sword of Honour. The West Midlands-based joint integrity and engineering service company is one of only 54 in the whole of the UK to receive the award — and one of very few operati
Norway: GC Rieber’s Fleet Fully Chartered
After the end of the third quarter, contracts have been completed for all vessels in GC Rieber Shipping’s portfolio. Order backlog has been increased by half a billion, compared with the previous quarterly reporting. – This gives us an excellent starting point for the future in a turbulent period, s
Norway: GC Rieber Shipping Completes Contracts for All Vessels
After the end of the third quarter, contracts have been completed for all vessels in GC Rieber Shipping’s portfolio. Order backlog has been increased by half a billion, compared with the previous quarterly reporting. – This gives us an excellent starting point for the future in a turbulent period, s
Russia: Sevmash to Build Transit Airfield for Prirazlomnoye Field
Russian defense-oriented shipyard Sevmash will construct floating transit airfield in Arctic for oilers developing the Prirazlomnoye field on the shelf of Pechora Sea, reported the shipyard’s press service on Nov 1. According to Sevmash’s deputy director general Mikhail Budnichenko, the shipyard alo
Dundee Waterfront Project Secures GBP 300 Million of Investment (UK)
Dundee’s waterfront project has secured £300m of investment, it has announced. The money – a third of the £1bn target needed to transform… (bbc) [mappress] Source: bbc, November 03, 2011
Swiss-Based Transocean Records 3Q Net Loss of USD 71 Million. Shares Fall 7 pct
Transocean Ltd , the largest offshore drilling contractor, reported on Wednesday an unexpected quarterly loss on a rise in shipyard costs, knocking another 7 percent off its battered shares. It has now failed to meet Wall Street’s expectations for the past six quarters, since the Gulf of Mexico well
Denmark: Lille John Delivers Oil to PA Resources
The oil and gas group PA Resources has now completed its sidetrack of the Lille John well to a Chalk target but did not encounter effective reservoir. The sidetrack provided a second penetration of the Miocene sandstone level encountered in the original well, again oil-bearing and with improved rese
Norway: Aker Solutions Announces Third Quarter Results
Aker Solutions’ operating revenues in the third quarter of 2011 were NOK 8.56 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 322 million. Order intake in the quarter was NOK 8 billion. “Our subsea challenges in Brazil are well known. We are working on a number
UK: Customer Demand for Offshore Rigs Continues to Strengthen, Ensco CEO Says
Ensco plc reported diluted earnings per share from continuing operations of $0.88 for third quarter 2011, compared to $0.92 per share in third quarter 2010. There were no discontinued operations in third quarter 2011. Losses from discontinued operations in third quarter 2010 were $0.01 per share rel