News
German Wind Energy Market Records Stable Growth in 2012
The German wind energy market recorded further stable growth in 2012. According to current data collected by Deutsche WindGuard on behalf of the German Wind Energy Association (BWE) and VDMA Power Systems (VDMA PS), 2012 saw the installation of 1,008 new wind turbines (2011: 895) with a total capaci
Boskalis Now Holds 40% Shares in Dockwise
Royal Boskalis Westminster N.V. (“Boskalis”) announces that it has acquired 182,654 shares in Dockwise in the course of trading yesterday. All these shares were acquired through Euronext Amsterdam and were purchased at an average price of EUR 18.50 per share with a maximum price of EUR 18.50 per sha
Russia, Venezuela Ink MoU for Offshore Exploration
On January 29-30, Igor Sechin, President and Chairman of the Management Board at Rosneft, led a Russian delegation comprising representatives from INTER RAO UES, RusHydro, Uralmash NGO Holding and Kamaz, as well as Russian bankers and businessmen, on a working visit to Venezuela. The head of Rosneft
Siemens to Build Offshore Part of Noordoostpolder Wind Farm (The Netherlands)
Siemens is to build, on a turnkey basis, the offshore part of the Noordoostpolder Wind Farm. To this end, Westermeerwind and Siemens have concluded an investment agreement (conditional contract) valued in nine figures. A total of 48 wind turbines are to be built, each with a capacity of 3 MW, in thr
Farstad Takes Delivery of Far Spica PSV
Platform Supply Vessel “Far Spica” has been delivered from STX OSV Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA. The vessel will start a 9-month charter contract with Statoil to support their drilling campaign on the coast of East Africa. A long-term facility has
VIDEO: Shell CEO Comments on 4Q 2012 Results
Royal Dutch Shell plc today released its fourth quarter and full year results and fourth quarter interim dividend announcement for 2012. Royal Dutch Shell’s fourth quarter 2012 earnings, on a current cost of supplies (CCS) basis , were $7.3 billion compared with $6.5 billion in the same quarter a ye
Russia: Gazprom Establishes Repair and Maintenance Department
Gazprom set up the Department for Maintenance and Repair to be headed by Alexander Filatov. The Department will become an integrated center responsible for planning and organizing extensive repairs of Gazprom’s facilities with a view to further improve the efficiency of these processes. The main obj
French Fleet Meets ICS Criteria
The French merchant fleet has been, again, distinguished in the ranking made annually by the International Chamber of Shipping (ICS), according to news portal Mer et Marine. France, like other 13 of 111 nations, meets all performance criteria established by the ICS. Among these are in particular the
Wind Energy Covers Over 30 Pct of Danish Electricity Consumption
By the end of 2012 wind energy covered more than 30% of Denmark’s electricity consumption. Denmark is thus still well on its way toward the target of 50% wind energy in 2020, and remains the country with the highest share of wind energy in the electricity system in the world. The share of 30% wind e
Bourbon Offshore Takes Delivery of New PSV (Norway)
The platform supply vessel Bourbon Rainbow, yno DH1004 at Zhejiang Shipbuilding Co. Ltd. was delivered on 30 January 2013. Bourbon Rainbow is the fourth and final in a series of platform supply vessels of ULSTEIN’s PX105 designs to Bourbon Offshore Norway from this yard. The ship has a length of 88.
Boskalis Secures Cash for Dockwise Acquisition and Future Investments
Following the announcement made Wednesday in which Boskalis announced its decision to make an all cash mandatory public offer for Dockwise shares at a price of EUR 18.50 per share, Boskalis today confirms that it has signed the agreements for the required debt financing. The credit facilities contai
The Netherlands: Boskalis Closes Debt Financing for Dockwise Acquisition
With reference to the press release of 30 January 2013, in which Boskalis announced its decision to make an all cash mandatory public offer for all the issued and outstanding ordinary shares of Dockwise at a price of EUR 18.50 per share cum dividend, which equals NOK 137 as per the date of this anno
Stolt-Nielsen Q4 Net Profit at USD 18.2 Million (UK)
Stolt-Nielsen reported unaudited results for the fourth quarter ended November 30, 2012. Net profit attributable to SNL shareholders in the fourth quarter was $18.2 million, with revenue of $510.9 million, compared with $7.1 million and $516.4 million, respectively, in the third quarter of 2012. Net
VIDEO: Truxor dredging Adderbury Lakes (UK)
Short video of the Truxor machine using a clamshell attachment to place dredged sediment behind created margins. This content is available after accepting the cookies. Change cookie-settings View on Youtube. New banks have been created using a geo-textile and will be backfilled and dried ready for p