News
Carnegie Established UK Subsidiary
Wave energy developer, Carnegie Wave Energy Limited announced the establishment of a 100% owned subsidiary, CETO Wave Energy UK Limited and the appointment of Mr Allan MacAskill to the Board of Directors of CWE UK. CWE UK will be operated out of headquarters in Edinburgh, Scotland and will be the pl
Shell Awards Draugen Service Contract to ABB
ABB, the leading power and automation technology group, has signed a service contract valued at $260 million for a period of 9 years with A/S Norske Shell to provide integrated service and support solutions for the Draugen offshore oil platform and the nearby Ormen Lange onshore gas processing plant
Russia: NOVATEK 2012 Revenues Up
NOVATEK said its total revenues grew by 20.4% year-on-year to RR 211.0 billion for the twelve months ended 31 December 2012 from RR 175.3 billion in 2011. The growth was due to an increase in hydrocarbon sales volumes and higher natural gas and liquids prices. In 2012, profit from operations, adjust
UK: Italdraghe Returns to Seawork
Italy’s leading dredger builder, Italdraghe SpA, returns to Seawork this year to preview its new range of innovative Marina Master cutter suction dredgers, designed in conjunction with fellow exhibitor Goodchild Marine (UK). The first dredger will be on the pontoons at Seawork: This exceptionally ve
UK: Long Term Growth Story for Wind Firmly Intact
MAKE Consulting’s recently launched Q1/2013 Market Outlook Update provides an analysis of global and regional wind installations in 2012 and forecasts till 2020. The study shows that growth in wind power installations is likely to average around 4.6% CAGR globally every year till 2020, as wind power
Icahn Pushes Transocean for $4.00 per Share Dividend
Carl Icahn, the world’s 26th richest billionaire according to the latest Forbes billionaires list, has, for the Transocean’s 2013 Annual General Meeting of Shareholders, submitted proposal for a dividend of $4.00 per share. Also, the Funds controlled by Icahn provided a notice of nomination of 3 dir
Linde Scores Gas Receiving Facility EPC Contract (Germany)
An engineering, procurement and construction (EPC) contract to build a new gas receiving facility in Emden has been awarded to Linde Engineering Dresden GmbH by Gassco on behalf of the Gassled joint venture. Due to begin regular operation in December 2015, the terminal forms part of the Gassco Emden
UK: Forewind General Manager Presents at EEEGR’s Annual Conference
Forewind General Manager Lee Clarke was one of a number of key industry speakers presenting at this year’s SNS2013 conference (South North Sea) organised annually by the East of England Energy Group (EEEGR). More than 500 delegates attended this year’s event in Norwich which is one of the main calen
Production Resumes from Cormorant Alpha Platform After Oil Leak (UK)
Abu Dhabi National Energy Company PJSC (TAQA) has begun the process of restoring the flow of an estimated 80,000 barrels per day (bpd) of crude oil in the Brent pipeline system following a precautionary shutdown on Saturday 2 March. The pipeline system, which is operated by TAQA and runs through the
VIDEO: MPI Adventure Performance at Offshore Wind Farm
MPI Adventure, owned by the Stokesley-based MPI Offshore, is currently operating out of the Port of Hartlepool on the installation of wind turbines at the Teesside Offshore Wind Farm. Designed to transport, lift and install wind turbines and their foundations, she is the world’s most advanced and mo
Alfa Laval Buys Safety Equipment for LNG Carriers, Sweden
Alfa Laval has acquired the assets and technology for a gas combustion unit from the company Snecma (Safran). The product, which will be included in the offering from the Marine & Offshore Systems segment, is expected to generate sales of about SEK 40 million in 2013. The product is a piece of safet
MTI Holland: Doctorate Degree for Shi Wei
MTI Holland announced that Shi Wei has received his doctoral degree on March 3, 2013. Shi Wei’s extensive research focused on the subject of ‘Dynamics of Energy Systems Behaviour and Emissions of Trailing Suction Hopper Dredgers’ and was supervised by his promotor, prof. ir. D. Stapersma. Shi Wei su
TAP, TANAP Enjoy Close Cooperation (Turkey)
On 22 November 2012, the Trans Adriatic Pipeline AG (TAP) and the Trans Anatolian Gas Pipeline Company B.V. (TANAP) signed a Memorandum of Understanding and Cooperation. The agreement establishes a technical and commercial cooperation between the two parties and formalises a mutual framework and for
Statoil’s Johan Sverdurp Appraisal Well Confirms 14m Oil Column (Norway)
Norway’s oil giant Statoil has, by basic wireline logging, confirmed a 14 meter oil column in well 16/5-3, located in PL 502 in the Norwegian sector of the North Sea. The well is being drilled in the southern extension of the Johan Sverdrup area. Logging in the reservoir section is still in an initi