The Bulgarian government’s ‘National Renewable Energy Action Plan’ is failing to tap the full potential of Bulgaria’s locally-produced and pollution-free wind power, and failing to harness the full potential of the country’s fast-growing wind energy industry. At the international conference “Wind Po
Seadrill Limited announces today that it intends to issue up to US$650 million in principal amount of convertible bonds with a seven-year tenor. This amount includes an increase option of up to US$100 million that has been granted to the joint bookrunners of the offering. The senior, unsecured bonds
Mercon Steel Structures B.V. has signed a framework agreement with Shell U.K. Limited and the Nederlandse Aardolie Maatschappij B.V. (NAM) for the construction and installation of Riser Access Towers (RAT). The framework agreement encompasses the call off of one and possibly up to nine RAT’s. These
In Nigeria, Saipem has been awarded a subcontract for the Critical Crude Pipeline Replacement Project. The awarded scope of work encompasses fabrication, transportation, installation and testing of the replacement of 6 pipe lines (having a diameter ranging between 10 and 24 inches) connecting 6 plat
Ensco plc reported diluted earnings per share from continuing operations of $0.92 for third quarter 2010, compared to $1.01 per share in third quarter 2009. As previously reported, the Company has recovered possession of the ENSCO 69 drilling rig, which now has been reclassified as continuing operat
The Renewable Heat Incentive, offshore wind, clean coal and the Green Investment Bank received funding today, even as Chancellor George… Michelle Ward (greenwisebusiness) [mappress] Source: greenwisebusiness, October 21, 2010;
The Renewable Heat Incentive, offshore wind, clean coal and the Green Investment Bank received funding today, even as Chancellor George… Michelle Ward (greenwisebusiness) [mappress] Source: greenwisebusiness, October 21, 2010;
Nexans, the worldwide leader in the cable industry, has been awarded a contract worth in excess of 14 million euros by BP Exploration Operating Company Ltd of Aberdeen to deliver a subsea umbilical system for the Devenick gas field in the North Sea. Nexans wins major subsea umbilicals contract from
Baker Hughes announced today it has been awarded a multimillion dollar integrated project for the Borgland Dolphin Consortium (BDC) in Norway. The contract covers an initial three-year period for a full exploration program on the Norwegian continental shelf encompassing 15 wells. Under the terms of
Maersk Oil has restarted gas production and export from Tyra East over the weekend after a temporary shutdown. Tyra East was shut down on Friday as a precautionary measure after it was discovered that clamps holding a boat fender to the platform jacket had developed cracks. The concern was the chanc
– Ebitda rose 25.3% and net earnings by 25.2% due to diversification and solid assets – Ebitda rose 19.4% driven by an increased contribution from wind, higher production and capacity, as well as greater efficiency, offsetting the negative impact of gas – Installed capacity exceeded 12,000 MW wh
EnCore Oil plc notes the announcement today by Sterling Resources Ltd (“Sterling”), operator of the Cladhan discovery on UK Northern North Sea Block 210/29a. Sterling has received an independent resource evaluation from RPS Energy on the gross contingent and prospective oil in place estimated to exi
Songa Offshore SE announces that a Letter Of Intent (LOI) has been received from Statoil Petroleum AS for the use of Songa Dee for a 3 years firm plus 1 year option Drilling Contract on the Norwegian Continental Shelf. The LOI is conditional to Partner approval and mutual agreement of contract terms
A subsidiary of Fred. Olsen Windcarrier AS, which is indirectly owned 50/50 by Bonheur ASA and Ganger Rolf ASA, has entered into a contract for the specialized transport and installation vessel for offshore wind turbines “Brave Tern” with the Belgian offshore company GeoSea NV. Duration of the contr
