Business & Finance
Norway: Rolls-Royce Bags USD 32.6 Million Order from Island Offshore
Rolls-Royce, the global power systems company, has won a £20 million order to design and supply power and propulsion systems for two UT 776 CD supply vessels for Island Offshore. Island Offshore were the first to introduce the versatile UT 776 CD ship, which is designed to transport essential suppli
The Netherlands: EECV Invests 20 Million Euros in Coal Terminal Expansion
EECV is investing 20 million Euros in the expansion of the terminal in the Europoort for handling coal. This increases the storage capacity by around 50% and transhipment of coking coal can increase by a third. The expansion should be ready in 2013 and is a reaction to the reduction of coal extracti
CorDEX Donates USD 244,000 Worth Subsea Equipment to University of Aberdeen (UK)
CorDEX Instruments has forged a strategic partnership with the University of Aberdeen, investing £150,000 to provide intrinsically safe and explosion proof technologies for use in research. The deal will see CorDEX provide equipment and onsite training in the correct use of these groundbreaking oil
EU Wind Power Will Triple by 2020, According to EWEA (Belgium)
The European Wind Energy Association (EWEA) today published its scenarios for onshore and offshore wind power deployment in the EU, ahead of the European Commission’s Energy Roadmap 2050, due to be published later this year. “Wind energy will more than triple its power output by 2020 with 194 billio
Norway: Rolls-Royce Bags USD 32.6 Million Order from Island Offshore
Rolls-Royce, the global power systems company, has won a £20 million order to design and supply power and propulsion systems for two UT 776 CD supply vessels for Island Offshore. Island Offshore were the first to introduce the versatile UT 776 CD ship, which is designed to transport essential suppli
Norway: Marathon Oil Scores Discovery on Earb South
Marathon Oil Norge AS has completed the drilling of wildcat well 25/10-11 testing the Earb South prospect in PL505. The well was drilled about 8 km southwest of the small 25/7-2 discovery and 40 km south of the Heimdal Field in the northern Norwegian North Sea. The well encountered three separate hy
The Netherlands: EECV Invests 20 Million Euros in Coal Terminal Expansion
EECV is investing 20 million Euros in the expansion of the terminal in the Europoort for handling coal. This increases the storage capacity by around 50% and transhipment of coking coal can increase by a third. The expansion should be ready in 2013 and is a reaction to the reduction of coal extracti
UK: Petrobras to Splash USD 224.7 Billion on Investments Over 5 Years, CEO Says
This Monday (Aug 1) Petrobras CEO, José Sergio Gabrielli de Azevedo, announced in London the company’s Business Plan for 2011-2015 to an audience of around 70 people, including investors, analysts and entrepreneurs. The plan foresees investments of US$ 224.7 billion for the period. Also taking part
Germany: Prysmian Wins USD 284.2 Million Contract for HelWin2 Project
Prysmian, world leader in the energy and telecommunications cables and systems industry, has been awarded a new major contract worth in excess of € 200 million by the Dutch-German grid operator TenneT for the connection project HelWin2, linking offshore wind farms in the North Sea to mainland German
UK: Hamworthy Strengthens Its Board
Hamworthy plc a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, announced the appointment of Simon James Nicholls to the board as a non-executive director with effect from 1 September 2011. Mr Nicholls, aged 47, is currently Group Finance Director
UK: STATS BISEP Isolation Facilitates Replacement of Piping System on Piper Bravo
Wood Group on behalf of Talisman Energy UK, required an isolation to be conducted on a 3 inch Air Line on-board the Piper Bravo. The isolation would facilitate a deconstruct workscope allowing replacement of pipework and include the addition of a new valve to the system. The platform was currently i
UK: TGS Starts New Multi-client 3D Survey in Faroe-Shetland Basin
TGS has commenced a new multi-client 3D survey in the Faroe-Shetland Basin. The survey covers 2,500 km2 west of the British Isles over quads 6004, 204 and 205 and is acquired in partnership with PGS. The new seismic data is being acquired by the PGS Ramform Viking towing 12 X 6,000 m with 75 m [&hel
Germany: ABB Wins Order for Offshore Wind Power Connection
ABB, the leading power and automation technology group, has won an order worth around $1 billion from the Dutch-German transmission grid operator TenneT to supply a power link connecting offshore North Sea wind farms to the German mainland grid. This is the largest power transmission order in ABB’s
Germany: ABB Wins Order Worth USD 1 Billion for Offshore Wind Power Connection
ABB, the leading power and automation technology group, has won an order worth around $1 billion from the Dutch-German transmission grid operator TenneT to supply a power link connecting offshore North Sea wind farms to the German mainland grid. This is the largest power transmission order in ABB’s