Companies with the lowest ratio present the greatest value to investors. [mappress] Source: mysmartrend, June 26, 2010;
SBM Offshore NV (Amsterdam: SBMO) has successfully completed the refinancing and expansion of its existing revolving credit facility of USD500m to a new USD750m facility. The company said today that the targeted syndication to a select group of banks found very strong interest and resulted in a subs
The government has pledged to back a Green Investment Bank in what should be seen as the most positive measure to come out of this week’s… Jasper Cullen [mappress] Source: northerngasheating, June 25, 2010;
Minister Conor Lenihan announced details of new exploration opportunities in Irish waters – the “2011 Atlantic Margin Licensing Round”. The Minister also announced details of a new joint Ireland/Newfoundland-Labrador research project involving a plate reconstruction of the North Atlantic. The 2011 A
Energy consumption from renewables sources reached three per cent in 2009, almost double what it was in 2007, but a long way off the 15 per cent target the UK has to meet by 2020.
RenewableUK Board of Directors has yesterday elected Andrew Jamieson, ScottishPower Renewables Regulation and Markets Director, as the new Chairman of the UK’s leading renewable energy trade association. Maria McCaffery, RenewableUK’s Chief Executive, said: “Andrew Jamieson is a hugely respected ind
Otto Marine Limited, a leading offshore marine Group which specializes in building complex offshore support vessels, ship chartering and offer specialized offshore services had expanded to the US market with Otto Marine’s wholly owned subsidiary, Surf Subsea Pte Ltd taking a 19.2% stake in the US ba
Port expansion, channel deepening, as well as the demand of improved coastal engineering and management is driving massive dredging… [mappress] Source: IQPC, June 25, 2010
A 2 billion US$ vessels new building program to renew the old and obsolete continental offshore fleet and meet demand in deepwater “With this plan covering 2011 to 2015, BOURBON wants to achieve leadership under the flag of excellence” ” says Jacques de Chateauvieux, Chairman & Chief Executive Offic
On Thursday 24 June, at 18h30 the Cutter Suction dredger ‘Fernão de Magalhães’ was launched at Uljanik Brodogradiliste d.d. shipyard in Pula (Croatia). The godmother of the ship is Ms. Marie Vyncke, daughter of Mrs. Katia De Sadeleer, niece of Jan Pieter De Nul and Dirk De Nul, directors of the comp
Dockwise Ltd. today announces 10 awards for Heavy Marine Transport projects and two for engineering assignments related to a float-over for CNOOC and to Wheatstone. Total revenues for these various commitments are expected to exceed $35 million USD. The relationship between the China National Offsho
This spring Wal-Mart Stores (WMT) trumpeted its installation of wind turbines atop light poles at a supercenter in Worcester, Mass. Esmé E. Deprez and Matthew Boyle [mappress] Source: businessweek, June 25, 2010;
Wärtsilä, a leading provider of power plant and ship power solutions and services, today opened new offices and a workshop in Panama. [mappress] Source: wartsila, June 25, 2010
DONG Energy has signed an agreement to sell its ownership interests in Nordkraft and Salten Kraftsamband, two energy companies based in northern Norway, to a company in the Troms Kraft Group. The selling price of Nordkraft is approx. DKK 1.1 billion (approx. NOK 1.2 billion) while the selling price
