Business & Finance
Germany: Tognum Supervisory Board Gets New Members
The Supervisory Board of propulsion and energy systems specialists Tognum has four new members. All shareholder representatives now come from majority shareholders Rolls-Royce and Daimler, which hold 98.8% of Tognum’s capital through Engine Holding GmbH. The resulting composition of the Supervisory
Germany: Brunsbuttel Ports, Gasnor Agree on Bunkering Vessels with LNG
On 18.10.2011 Brunsbüttel Ports GmbH and Gasnor AS (LNG market leader in Norway) agreed on bunkering vessels with LNG in the Elbehafen at Brunsbüttel, Germany. With this important step they are leading the way in offering LNG fuel at Brunsbüttel and the Northern German area, at the crossing of the r
UK: Inocean to Assist Statoil in Concept Study for Bressay Field Development
Inocean will be assisting Statoil in a concept study for the development of the Bressay Field in the UK sector of the North Sea, west of Norway’s Frigg Field. Statoil acquired operatorship of the Bressay and the neighboring field Mariner in 2007 as a link in its involvement with offshore heavy oil.
RV Polarstern on 28th Antarctic Expedition
On Friday, 28 October 2011 the research icebreaker Polarstern sets off on its 28th Antarctic expedition. Over 200 scientists and technicians from research institutions in 14 countries will take part in the five expedition legs. They will examine a wide variety of topics: oceanography and marine chem
UK: Rolls-Royce Achieves Milestone in Tidal Energy Technology Deployment
Rolls-Royce, the global power systems company, has achieved a significant milestone in the deployment of tidal energy technology with confirmation that its prototype tidal turbine, located subsea off the Orkney Islands, Scotland, has successfully generated and fed over 100 megawatt hours (MWh) of el
Germany: SolarWaterWorld, SkySails Introduce Emission-Free Solar Yacht
A yacht dream is coming true: The emission-free solar yacht with towing-kite propulsion will be developed and built by the solar ship manufacturer SolarWaterWorld AG from Berlin in close cooperation with the Hamburg-based technology leader SkySails GmbH. A cooperation agreement which includes a seve
UK: Nexen Receives Approval for Golden Eagle Area Development
Nexen Petroleum UK Ltd., a subsidiary of Nexen Inc., announced it has received approval from the UK Department of Energy and Climate Change (DECC) to proceed with the Golden Eagle area development – a GBP 2 billion (C$3.3 billion) investment (GBP 750 million net to Nexen) that is expected to produce
UK Gov’t Approves USD 3.3 Billion Golden Eagle Development
Nexen Petroleum UK Ltd., a subsidiary of Nexen Inc., announced today it has received approval from the UK Department of Energy and Climate Change (DECC) to proceed with the Golden Eagle area development – a GBP 2 billion (C$3.3 billion) investment (GBP 750 million net to Nexen) that is expected to p
Russia: Nord Stream Receives Strong Support from Banks
Nord Stream today confirmed it has agreed repricing arrangements with its relationship banks for the 3.9 billion euro Phase I project finance facilities. Nord Stream undertook this exercise in order to bring Phase I pricing into line with the pricing it achieved for the 2.5 billion euros raised for
Eni’s 3Q Production Drops Due to Libyan Disruptions
Eni announces results for the third quarter and the nine months of 2011. Adjusted operating profit: €4.61 billion in the quarter (up 12%); €13.71 billion in the nine months (up 9%); Hydrocarbon production still affected by the Libyan disruptions: down by 13.6% inthe third quarter of 2011 to 1.47 mmb
Scotland Announces GBP 18 Million Fund for Renewable Energy
The Scottish government has announced new funding for renewable energy developments that are likely to produce new engineering jobs… (careerstructure) [mappress] Source: careerstructure, October 27, 2011
UK: SMD and Blade Offshore Services Join Forces in SMD-BORD
SMD and Blade Offshore Services (BOS) announce the signature of Heads of Terms for a joint venture. Under the joint venture, expected to be called SMD-BORD, SMD will design and manufacture subsea remote drilling solutions for the marine renewable industry, offering a cost effective alternative to mo
Crown Estate Still Not Talking about Round 4 (UK)
The UK’s emerging offshore wind industry has only just started work on ambitious plans to build more than 30GW of new capacity, and is not y… By Jessica Shankleman (businessgreen) [mappress] Source: businessgreen, October 27, 2011
Nord Stream Inks Phase I Repricing Arrangements with Banks
Nord Stream can confirm it has agreed repricing arrangements with its relationship banks for the 3.9 billion euro Phase I project finance facilities. Nord Stream undertook this exercise in order to bring Phase I pricing into line with the pricing it achieved for the 2.5 billion euros raised for the