News
REA Welcomes UK Government’s Wave, Tidal Funding
The Renewable Energy Association (REA) welcomes the news that several marine renewables projects are set to progress having been successful in securing funding. MeyGen Ltd and Sea Generation Wales Ltd have won £10 million each under the Government’s Marine Energy Array Demonstrator scheme (MEAD), wh
Offshore Center Denmark Forms Network for Underwater Robotics
Offshore Center Denmark has set up a network for companies interested in underwater robots. The need for sophisticated technology, used for extraction of oil from the oil fields in the North Sea and harnessing electricity from offshore wind farms, is on the rise. As more and more facilities are plac
VIDEO: Thornton Bank Offshore Wind Farm ‒ Phases 2 and 3
As the construction work starts on the third and final phase of the Thornton Bank project, we are bringing a video on the project’s last two phases, published on C-Power’s website. The 2nd and 3rd phase of the C-Power project are the industrial phases following the 1st phase, which is considered as
Belgium: Construction Work Starts on Final Phase of Thornton Bank Offshore Wind Farm
Following the successful commissioning of the second phase of the C-Power offshore wind farm (Thornton Bank Offshore Wind Farm) in late 2012, EDF Energies Nouvelles is announcing the start of construction work on the third phase of the project with 110.7 MW in capacity. Built in Belgium by the partn
Belgium: Construction Work Starts on Final Phase of Thornton Bank Offshore Wind Farm
Following the successful commissioning of the second phase of the C-Power offshore wind farm (Thornton Bank Offshore Wind Farm) in late 2012, EDF Energies Nouvelles is announcing the start of construction work on the third phase of the project with 110.7 MW in capacity. Built in Belgium by the partn
UK Operators Publish Guidelines for Shale Well Operations
The United Kingdom Onshore Operators Group (UKOOG), the representative body for UK onshore oil and gas companies including exploration, production and storage, is publishing for the first time industry guidelines covering best practise for shale well operations in the UK. The guidelines, which inclu
French Government Ratifies Maritime Labour Convention 2006
Last week, the Government of France deposited with the International Labour Office the instrument of ratification of the Maritime Labour Convention 2006 (MLC 2006). France is the 35th ILO Member State and the 13th EU member State to ratify this landmark Convention, which sets out decent working and
Reef Subsea CEO Steps Down
Reef Subsea Group, a subsea service provider, has announced changes to its management and board with immediate effect. Mark Preece is to step down as CEO of the Reef Subsea Group by mutual agreement. “The board has acknowledged and thanked Mr Preece for his efforts in developing and positioning Reef
Sterling Resources Raises $37.5 Mln for Breagh Project in UK
Canadian listed international oil and gas company Sterling Resources Ltd. has closed the first tranche of the private placement portion of its previously announced offering of 73,333,334 common shares in the capital of the Company on a bought deal basis (the “Offering”). Pursuant to the First Tranch
RWE EBITDA at EUR 9.3 Bln, Germany
Despite difficult market conditions, RWE AG had a good financial year in 2012. The energy company achieved an EBITDA of EUR 9.3 billion and an operating result of EUR 6.4 billion – both up 10% on the previous year and therefore higher than the outlook published in March 2012. Revenue increased to EU
Spectrum Completes Carmot Acquisition
Spectrum ASA, a seismic specialist listed on the Oslo Stock Exchange, today announced it has completed the acquisition of Carmot Seismic AS and Carmot Processing AS. The acquisition establishes a significant footprint for Spectrum on the Norwegian Continental Shelf adding 3D seismic data cubes cover
Golar LNG: Spot Prices Climb in Q4 (Bermuda)
Spot LNG prices rose throughout the fourth quarter, from the high $12’s per MMbtu to around $17 per MMbtu in December and $20 per MMbtu in February due to a variety of factors, Golar LNG said in a statement on Monday. An unprecedented drought in Brazil saw Petrobras continuing an aggressive buying s
Wood Group Revenue Up 20 Pct (UK)
John Wood Group said its revenue from continuing operations was $6,821.3m in 2012, up 20% compared to the year before ($5,666.8m). Financial Summary EBITA from continuing operations1 of $461.1m (2011: $341.6m) up 35% Profit from continuing operations before tax and exceptional items of $362.7m (2011
RWE Pulling Out from Oil and Gas Exploration and Production
Germany’s RWE AG today decided to withdraw from the exploration and production of crude oil and natural gas. Therefore, RWE intends to look at the options for disposing of all of its shares in RWE Dea AG. The planned disposal would be in line with RWE AG’s strategic repositioning. It would also take