News
Forbes: Russian Gazprom is Most Profitable Company Worldwide in 2011
Gazprom has become the world’s most profitable company in 2011, according to Forbes magazine latest rating. The company netted $44.46 billion in profits in 2011, overtaking last year’s leader Exxon Mobil, which made a profit of $41.6 billion. Earlier, in another Forbes rating, Gazprom was ranked 2nd
Germany: Riffgat Offshore Wind Farm Progressing as Planned
The progress of construction work on 108 MW Riffgat offshore wind farm is right on schedule. The Riffgat offshore wind farm is located 15 kilometers from the island of Borkum and 25 kilometers from the Dutch island of Schiermonnikoog. Before starting the installation, the developers had applied for
Thailand’s PTTEP Step Closer to Cove Acquisition
Thailand’s PTTEP, has announced that on 31 July 2012 at 1.00 p.m. (London time) PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP has received valid acceptances from Cove Shareholders 91.37% of the existing issued share capital of Cove which is satisfactory to PTTEP AI’
Poland: EC Confirms Funding for More Pipelines
On 24 July, the European Commission issued a decision on the approval of co-funding in the amount of approx. 175 mln PLN for the project of constructing the Gustorzyn-Odolanów gas pipeline. The next decision of the Commission, issued on 26 July, approved the award of aid for the construction of the
UK: Royal HaskoningDHV Maintains Offshore Consent Track Record
Royal HaskoningDHV has maintained its offshore consent track record when supporting the UK offshore wind farm sector, with the go-ahead granted earlier this month for the Dudgeon Offshore Wind Farm (Dudgeon) project. Located some 32km off Cromer, Dudgeon will cover an area of 35 square kilometres an
Seamec Secures Contract for Its Saturation Diving Support Vessel (India)
Seamec Ltd recently informed the Bombay Stock Exhange that the company had entered into charter party with CNS INTERNATIONAL SRI, Italy, for its vessel Seamec Princess. The DP2 Saturation Diving Support vessel which departed from Mumbai on July 10 will be deployed in the Mediterranean. The contract
Switzerland: Foster Wheeler Profit Dives
Foster Wheeler today reported net income for the second quarter of 2012 of $30.9 million, compared with $63.3 million, in the second quarter of 2011. Net income in both quarterly periods was impacted by asbestos-related provisions. Excluding such items from both quarterly periods, net income in the
Sakhalin Residents File Suit Against Shell and Three UK Banks
Today, residents living adjacent to a liquefied natural gas plant and oil and gas export terminals on Sakhalin Island, Russia, filed a complaint against Royal Dutch Shell and three of the largest UK banks: Royal Bank of Scotland (RBS), Standard Chartered, and Barclays, for their failure to adhere to
Denmark: WiTuS Predicts Scour in Offshore Wind Farms
DHI’s research into long-term scour predictions has borne fruit in the form of a specialty tool – WiTuS. With WiTuS, it is now possible to model long-term predictions on scouring around monopile type foundations – structures which form the bases of majority of the current and planned offshore wind f
The Netherlands: Friesland Province Invites Bids for Princess Margriet Canal Widening
Gedeputeerde Staten van de Provincie Fryslân has invited bidders to submit their offers for the widening of the Princess Margriet Canal. These works will include: -Removal of the wooden sheet piling; -Excavation of the banks; -Excavation of the canal bed; -Transport and deposition of soil; -Supply a
Council Plans Torquay Seawall Repair Works (UK)
Torbay Council has announced early information about the seawall repair works at the Torquay area. Tenders are sought for repairs and replacement of the stone revetment to Livermead sea wall, Torquay. The works are expected to include approx. 500 tonnes of rock armour to replace “lost” areas of the
France: Officials Seek Bidders for Hautmont Dredging
Communauté de communes Sambre Avesnois has announced tender for the creation of a leisure marina at Hautmont. Works will include: – Earthworks and dredging to create an inland port; – Installation of port facilities; – Construction of dock, pontoons, etc. The project period is 9 months from date of
UK: BP 2Q Profit Down
BP today reported its quarterly results for the second quarter of 2012. Underlying replacement cost profit for the quarter, adjusted for non-operating items and fair value accounting effects, was $3.7 billion, compared with $5.7 billion for the same period in 2011 and $4.8 billion for the first quar
RenewableUK Applauds Opening of Scotland’s First Marine Energy Park
RenewableUK, the trade association for the wind, wave and tidal energy industries, has welcomed the opening yesterday of Scotland’s first Marine Energy Park (MEP). The Pentland Firth and Orkney Waters MEP is the first in Scotland, and the second in the UK, following the announcement of an Energy Par