Business & Finance
Belgium: Boskalis Wins Harbour Towage Concession for Port of Zeebrugge
Royal Boskalis Westminster N.V. has been awarded the sole concession via SMIT Towage Northwest Europe for the provision of harbour towage services in the Port of Zeebrugge, Belgium. The seven year contract was awarded by MBZ to URS, part of SMIT Towage Northwest Europe. The concession represents, ba
Norway: Mature Offshore Fields Call for Quick Action, Petoro Says
A strong cash flow to the government and strong additions to oil and gas reserves are highlights of Petoro’s accounts for the State’s Direct Financial Interest (SDFI) for the third quarter of 2011. Net cash flow in the first nine months was NOK 97.3 billion, up 18.8 bn from the same period last year
IBM and SEAI Launch Wave Energy Project Offshore Ireland
IBM and The Sustainable Energy Authority Ireland (SEAI) are working together to understand and minimize the environmental impact of converting wave energy into electricity. This project, the first to use real-time streaming analytics for monitoring underwater noise generated by wave energy conversio
German Shipowner Places Seven Chemical Tankers with Navig8 Chemicals
German based owner Bernhard Schulte has agreed to place 7 chemical tankers of 16,500 dwt in Navig8’s BRIZO-8 Pool. The agreement, which comes one year after the Ruth Schulte, a 13,000 dwt chemical tanker joined the Taras-8 Pool, will bring the total count of Schulte vessels in Navig8’s pools to eigh
France: Total Reports Higher Third Quarter Profits
French oil major Total posted higher quarterly earnings on Friday as stronger crude prices and improved profitability in its refining busine… (Reuters) [mappress] Source: Reuters, October 28 , 2011;
Germany: Linde Group Sees Growth Opportunities Despite Crysis
In the third quarter of 2011, the technology company The Linde Group built on its good business performance in the first half of the financial year, achieving significant increases in Group sales and Group operating profit in the nine months to 30 September 2011. “We are continuing to make good prog
The Netherlands: Students to Participate in CEDA Dredging Days 2011
More than 20 students from technical universities and colleges in Aachen, Delft, Groningen, Hamburg, and Leuven are going to participate in the coming CEDA Dredging Days, under the CEDA Student Programme 2011. Recommended by their respective professors, the students have all shown great affinity wit
PGS Reports Third Quarter Results (Norway)
Petroleum Geo-Services announces results for third quarter 2011. Highlights Q3 2011: *Revenues of $339.9 million, up 15% from Q3 10 *EBITDA of $153.2 million, up 12% from Q3 2010 *Contract revenues of $164.9 million with a corresponding contract EBIT margin of 4% *Offset by strong MultiClient revenu
The Netherlands: Orange Blue Terminal Brings New Mobile Harbor Crane Into Service
The Orange Blue Terminal in Eemshaven in the Netherlands, which belongs to the Buss Group, brings a new mobile harbor crane into service on 24 October. The LHM 600, which is manufactured by Liebherr, is an important milestone in the further consolidation of the terminal as a multipurpose site. With
Sterling’s Offshore Romania Licenses to Run until May 2014
Sterling Resources Ltd. announced , in response to statements made yesterday by the Ministry of the Economy, Trade and Business Environment (MECMA) in Bucharest Romania, that the Company has reached agreement with the Government of Romania on a package of issues that will resolve the notice of dispu
Norway: Fugro Wins Mareano Survey Contract from NHS
Fugro OSAE GmbH has been awarded a € 2.3 million hydrographic survey contract by the Norwegian Hydrographic Service (NHS). The survey is part of the MAREANO project and will encompass an area over 12,000km² in the Barents Sea. The area is located 200km offshore in the northern-most part of Norway, n
Fugro Takes Part in Norwegian Marenao Project
Fugro OSAE GmbH has been awarded a € 2.3 million hydrographic survey contract by the Norwegian Hydrographic Service (NHS). The survey is part of the MAREANO project and will encompass an area over 12,000km² in the Barents Sea. The area is located 200km offshore in the northern-most part of Norway, n
The Netherlands: Ballast Nedam’s Order Book Increases to EUR 1.8 Billion
Ballast Nedam has succeeded in maintaining its position under challenging market conditions. The revenue and results that it achieved were broadly in line with those for the first three quarters of 2010. The order book increased from € 1.7 billion in mid-year to € 1.8 billion. This puts Ballast Neda
Azerbaijan, Turkey Pen Shah Deniz Natural Gas Deals
The Republic of Azerbaijan and the Republic of Turkey have signed a number of key gas export related agreements to enable Turkey to buy gas from Azerbaijan and to transit Azerbaijan gas through Turkey to Europe. The documents signed in Izmir (Turkey) on Tuesday, October 25, included an Intergovernme