News
PNA Plans Cherbourg Port Expansion (France)
France’s Ports of Normandy Authority (PNA) is planning to harness the power of the sea, reports NewNet. Since the port of Cherbourg is located close to the Raz Blanchard, which is known for strong currents, this makes it ideal for tidal energy development. To be able to install tidal generators, the
Denmark: Lowering Cost of Energy, Key Focus for Technology Development
The global wind energy market is in need of a technology revolution. Publicly traded wind energy firms have drawn the ire of investors around the world as stock prices continued their tumble over the past year, with losses from publicly traded companies between 50 and 70% year-on-year. Profit margin
AGCS: 106 Ships Lost Worldwide in 2012
12 months on from the Costa Concordia incident, a new Allianz report identifies that 106 ship losses were reported worldwide in the 12 months to November 25 2012 – up from 91 ships the previous year but a 27 percent decrease on the ten year average of 146 ships per annum. Despite this long term [&he
GasLog Gets New CEO, Monaco
GasLog said that it has appointed Paul Wogan as Chief Executive Officer. Mr. Wogan joined GasLog in February 2012 as Chief Strategy Officer and will now take over the day to day running of the Company from Peter G. Livanos who has served as both Chairman and CEO since the company’s IPO in April 2012
The Netherlands: Boskalis Secures Funds to Buy Dockwise Shares
With reference to the press release of 21 December 2012 in which Boskalis announced its decision to make an all cash voluntary public offer for all the issued and outstanding ordinary shares of Dockwise at a price of EUR 18.50 per share cum dividend (the Offer), Boskalis hereby confirms that it has
Nordic Yards Opens Cooling Line, Germany
On January 3, a new test track was inaugurated at the Warnemünde location of Nordic Yards. The cooling zone is being used to test three models, so-called mock-ups, developed as part of the POLAR Alliance. These models, all of which are Nordic Yards’ own designs on a scale of 1:1, represent an LNG ca
Germany: Ulstein Bags Baltic 2 Wind Farm Contract
ArGe Baltic 2 foundations, a Joint Venture between Hochtief and GeoSea, has awarded Ulstein Idea Equipment Solutions BV a contract for the Engineering, Procurement, Construction and Installation (EPCI) of a complete pile upend as well as lifting tool for the Baltic 2 wind farm installation project.
RQM365 AS: New Recruitment Company for Offshore Workers (Norway)
A new recruitment company named RQM365 AS has been established in Ulsteinvik, Norway. The company will conduct recruitment, qualification and manning for the oil industry, especially targeting platform. Many significant discoveries and high activity on the Norwegian continental shelf represents a ma
Prolec System Effective in Dredging Application (Germany)
Prolec has recently supplied its Digmaster Pro system to the German Federal Waterways and Shipping Administration during an upgrade of its workboat fleet. The German inland waterway network stretches for around 7300 km. Larger rivers have been canalised, allowing large ships to navigate them. Not su
Belgium: Fluxys Launches Market Consultation on Storage Services
Fluxys Belgium launched a market consultation on the contractual and regulatory documents for storage services in the natural gas storage facility in Loenhout. The proposed changes to the current documents on the subscription of primary capacity make it easier for Fluxys Belgium to meet market deman
UK: Tidal Transit’s Eden Rose Makes Maiden Passage to Wells-next-the-Sea
Eden Rose, one of Tidal Transit’s growing fleet of purpose designed vessels for use by companies involved in the planning, development, construction and operation and maintenance of offshore wind farms in the Greater Wash and the southern North Sea, made its maiden visit to the Outer Harbour at Well
Statoil to Use Ocean Vanguard Rig for Drilling at PL 502 (Norway)
Statoil Petroleum ASA has received consent to carry out exploration drilling with the Ocean Vanguard semi-submersible drilling rig in block 16/5, offshore Norway. The Petroleum Safety Authority Norway (PSA) has granted Statoil consent for exploration drilling of well 16/5-3. The drilling is schedule
Lotos Drills Duster in Norwegian North Sea
LOTOS EPN AS, operator of production licence 498 in the Norwegian sector of the North Sea, has completed drilling of wildcat well 7/8-6 S. The well is dry. The drilling took place 35 kilometres northwest of the Ula field in the southern part of the North Sea. The objective of the well was to prove [
RenewableUK Welcomes 2020 Group’s Renewable Energy Support
RenewableUK, the trade and professional body representing the wind and marine energy industry, has welcomed a call from an influential group of Conservative MPs to support the growth of renewable energy. Members of the 2020 group, made up of more than 60 Tory MPs, describe themselves as progressive