News
UK: MeyGen to Use Purpose-Built Catamaran for Its Tidal Energy Plans
Gills Harbour Ltd. has welcomed MeyGen’s decision to use a purpose-built catamaran for their project between the mainland and Stroma, writes John O’Groat Journal. Namely, MeyGen is planning to install 400 electricity-generating turbines in the Inner Sound. For this project they primarily wanted to u
Praxient Capital Acquires Shares in Flex LNG (UK)
Funds managed by Praxient Capital LLP have acquired 1,643,705 ordinary shares in Flex LNG Ltd. Praxient Capital LLP manages through Praxient Panther Master Fund Limited and Blackwell Partners LLC after the acquisition a total of 7,728,079 shares in FLEX representing 6.16% of the total shares in issu
Dominion Virginia Power Applauds US DOE Offshore Wind Decision
Dominion Virginia Power welcomed the news that the U.S. Department of Energy had selected a company-led team to begin award negotiations for initial engineering, design and permitting for an offshore wind turbine demonstration facility off the coast of Virginia. In its DOE application, Dominion prop
Dominion Virginia Power Applauds US DOE Offshore Wind Decision
Dominion Virginia Power welcomed the news that the U.S. Department of Energy had selected a company-led team to begin award negotiations for initial engineering, design and permitting for an offshore wind turbine demonstration facility off the coast of Virginia. In its DOE application, Dominion prop
Rosneft Buys AAR’s Stake in TNK-BP for $28 Bln (Russia)
Rosneft has signed an agreement to purchase from the AAR Consortium (Alfa Group, Access Industries and Renova) its 50% stake in TNK-BP. The purchase price in the transaction is determined based on the base value of AAR’s stake in TNK-BP of $28 bln. Completion of the transaction is subject to approva
BG Group Appoints New Chief Executive, UK
BG Group announced that Chris Finlayson has been appointed as Chief Executive, to succeed Sir Frank Chapman. Chris, who is currently Executive Director and Managing Director BG Advance, will take over as Chief Executive on 1 January 2013. Chris, who has over 35 years experience in the oil and gas in
France: Shell, Technip to Enhance FLNG Collaboration
Shell Gas & Power Developments B.V. and the Technip Samsung Consortium have signed a heads of agreement to enhance collaboration on the design, engineering, procurement, construction and installation of future innovative FLNG facilities. The agreement builds on the existing relationship, formed in 2
Gazprom, Ukraine Talk Gas Cooperation
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Yury Boiko, Ukrainian Energy and Coal Industry Minister, Gazprom said in a statement. “The meeting addressed the prospects for long-term cooperation in the gas sector,” G
Russia: Yantar Shipyard Launches New Oceanographic Research Vessel
A new Russian oceanographic research vessel pertaining to Project 22010 was launched last week at the Yantar Shipyard in Kaliningrad, Barents Observer reports. The vessel is designed for research in deep waters and the sea bed, according to the shipyard’s press secretary Mr. Mikhailov. The 107.8 met
Statoil Orders Subsea Equipment for Oseberg Field from FMC Technologies
FMC Technologies, Inc. announced today that it has received an order from Statoil for subsea equipment for the Oseberg Delta 2 Project in the Norwegian sector of the North Sea. The order has an estimated value of $152 million in revenue. FMC Technologies’ scope of supply includes five subsea trees,
Foster Wheeler, Statoil Sign FEED Agreement for Norway Processing Plants
Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has signed a three-year frame agreement with Statoil Petroleum AS for the provision of front-end engineering design (FEED) services for future projects at the Kårstø and Kollsnes processing plants, located
Germany: Elbe River Dredging to Bring Bigger Vessels to Hamburg
The biggest cargo ship in the world, the “CMA CGM Marco Polo”, arrived into Hamburg harbour for the first time, reports thelocal.de. Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea, the giant of the seas displays exceptional dimensions: 396 meters long, 54 meters wide, with
The Netherlands: Ballast Nedam Appoints Chief Compliance & Risk Officer
Ballast Nedam has strengthened the compliance organization with the appointment of Sylvie Bleker as Chief Compliance & Risk Officer (CCRO). With effect from 1 January 2013 she will implement Ballast Nedam’s tightened compliance and risk policy in order to guarantee the organization’s integrity. The
PSA Conducts Audit on Hammerfest LNG, Norway
During the period 23 October – 25 October 2012, the Petroleum Safety Authority Norway (PSA) conducted two audit activities on Hammerfest LNG. One of the activities was directed at major accidents, and the other activity was related to the company’s work on identifying and following up groups potenti