News
UK: Lincs Offshore Wind Farm in Front of Finish Line
As the the Lincs offshore wind farm is in its preparation stage to begin with the power transmission to the National Grid, the developers have brought it in front of the finish line. A total of 75 turbines should be operational by the end of summer, Centrica, which acquired this project in 2004 from
Spain: CECV Members Visit Sagunto LNG Plant
Members of the Energy Cluster Valencia (CECV), led by their president Francisco Segura, have visited the Sagunto regasification plant to meet more fully the characteristics of the infrastructure and explore possible synergies between the companies cluster. In the tour of the installations, have been
Turkey: Konecranes Delivers First Busbar-Powered RTGs to EVYAP Port
In June 2012 Konecranes received its third RTG order from Turkey. The order is for eight fully-electric Rubber Tired Gantry (RTG) cranes that will be delivered to EVYAP Port, located in the Anatolian side of Istanbul. These will be the first Konecranes RTGs in Turkey powered by a Busbar system, whic
Shell Abandons Offer for Cove (UK)
LNG giant Shell said that it has decided not to revise its takover offer for Cove Energy which owns an 8.5 percent stake in the Rovuma licence off the coast of Mozambique containing gas discoveries that could be a major provider of LNG to Asia in future. “Shell Bidco has decided not to revise its [&
UK: Aberdeen Harbour Awards Port Improvement Contract
Aberdeen Harbour Board has awarded a £5.2m contract involving major improvements to the port entrance and for widening and deepening the navigation channel. Harbour Board chief executive, Colin Parker said: “As the centre of activity for the energy industry’s marine operations in North-west Europe,
UK: Aberdeen Harbour Invests GBP 5.2 Million in Port Entrance Improvements
Aberdeen Harbour Board has awarded a £5.2m contract involving major improvements to the port entrance and for widening and deepening the navigation channel. Harbour Board chief executive, Colin Parker said: “As the centre of activity for the energy industry’s marine operations in North-west Europe,
France: GDF Suez Concludes Euro Bond Issue
GDF SUEZ of France recently concluded a double-tranche bond issue for 1.5 billion Euro: € 0.75 billion, maturing in July 2017, with a 1.5% coupon € 0.75 billion, maturing in July 2022, with a 2.625% coupon The average coupon of the issue is just above 2% and the average maturity is 7.5 years. It was
Italy: Eni Sells 5 Percent of Snam
Eni of Italy announced that it has concluded the sale of 178,559,406 shares equal to 5% of share capital of Snam S.p.A, corresponding to 5.28% of the voting shares. The total consideration amounted to 612.5 million euro. The deal, carried out through an accelerated bookbuilding procedure aimed at It
Finland: Wartsila Order Intake Up 7 Pct in 1H
Wärtsilä Corporation announced its interim report for the first half of 2012. Second quarter highlights Order intake increased 2% to EUR 1,198 million (1,170) Net sales increased 6% to EUR 1,099 million (1,036) Operating result EUR 113 million or 10.3% of net sales (EUR 117 million and 11.3%) Earnin
Norway: I.M. Skaugen Releases 1H Results
The I.M. Skaugen Group achieved a negative pre-tax result for 2Q 2012 of USD5.1 mill, down from a small profit of USD0.1 mill in 1Q 2012. EBITDA increased to USD6.6 mill for 2Q 2012 compared to USD5.3 mill in 1Q2012. For 1H 2012 the pre-tax result was a loss of USD5.1 mill, down from a […]
Renewable UK Urges Government to Make Decision Regarding Renewables
RenewableUK, the trade association representing the wind, wave and tidal energy industries, has urged the Government to announce a decision on financial support for the sector as a matter of urgency. A decision on Renewables Obligation (RO) banding levels had originally been expected in the spring,
Renewable UK Urges Government to Make Decision Regarding Renewables
RenewableUK, the trade association representing the wind, wave and tidal energy industries, has urged the Government to announce a decision on financial support for the sector as a matter of urgency. A decision on Renewables Obligation (RO) banding levels had originally been expected in the spring,
Norway: Hammerfest LNG Terminal Still Shut
Statoil of Norway today said that the Hammerfest LNG plant is still shut and there was no sign of output resuming for the moment, according to Platts. The company’s Spokesman Ola Anders Skauby, said: “It is still down and we do not have any estimates on when it will be coming back up again.” The [&h
Neptune Lines Orders Two Car Carriers from South Korea
Greece based Neptune Lines shipping company is expanding its fleet capacities for two additional car carriers. According to the Shipping Herald, the company has placed an order for construction of two new carriers with the Hyundai Mipo Dockyard in South Korea. Even though details on the value of the