News
RenewableUK Welcomes Energy Bill Draft
RenewableUK, the trade and professional body for the UK wind and marine renewables industries, welcomed the publication of the draft Energy Bill, but warned that the industry still held concerns over the proposed timetable for implementation. With detailed arrangements in a host of areas still to be
Norway: Langlee Secures Funding for Full Scale Demonstrator Project
Langlee Wave Power is preparing for a full scale demonstrator project that will launch in Norway next year. The renewable energy company has secured £1.8 million (18 million NOK) for the year-long test of its E1 Wave Energy Converter. Innovation Norway, the Norwegian Government’s organisation for in
Norway: Langlee Secures Funding for Full Scale Demonstrator Project
Langlee Wave Power is preparing for a full scale demonstrator project that will launch in Norway next year. The renewable energy company has secured £1.8 million (18 million NOK) for the year-long test of its E1 Wave Energy Converter. Innovation Norway, the Norwegian Government’s organisation for in
France: GDF Suez Makes EUR 3 Billion Bond Issue
GDF SUEZ of France said it has achieved a three-tranche €3billion bond issue: – €1 billion, maturing in February 2016, with a 1.5% coupon – €1 billion, maturing in June 2018, with a 2.25% coupon – €1 billion, maturing in February 2023, with a 3% coupon. The average coupon of the issue is 2.25% and [
Bowtech Supplies Vision System to Assist Installation of Scotland’s First Tidal Energy Project
Bowtech Products Ltd. (‘Bowtech’), a market leading manufacturer and supplier of cameras, LED lighting, connectors, fiber optic multiplexers and slip rings for use in underwater or hazardous area applications, to any ocean depth, has announced that they have supplied a vision system, to assist the i
Norway: Awilco LNG Q1 Income Climbs
Awilco LNG of Norway reported freight income of USD 17.7 million in the first quarter of 2012 (USD 16.8 million in Q4 2011) and an EBITDA of USD 11.8 million (USD 10.9 million in Q4 2011). In this quarter the charterers of the WilEnergy LNG tanker declared the option to extend the contract period to
Croatia: Port of Rijeka Gears Up for Development
A year after taking over operation of Adriatic Gate Container Terminal (AGCT) in the Port of Rijeka in Croatia, International Container Terminal Services, Inc. has developed and upgraded facilities and systems at the terminal as AGCT gears up for increased port activity, expending HR23 million in 20
UK: LAWS Achieves Great Results in Lymington
As part of the habitat improvement and erosion protection works associated with Wightlink Ltd.’s investment into upgraded ferry facilities in Lymington -(Lymington to Yarmouth IOW Service), Land and Water Services Ltd (LAWS) were contracted for the first phase of the saltmarsh restoration works. The
Golar LNG Partners Net Income Slides (Bermuda)
Golar LNG Partners reported net income of $19.5 million and operating income of $31.8 million for the first quarter of 2012, as compared to $23.8 million and $30.4 million, for the first quarter of 2011. While operating results were improved in comparison to the first quarter of 2011, net income was
Sietas Group: Five Confirmed Offers (Germany)
Five concrete offers have been received for the companies of the Hamburg-based Sietas Group. This is the result of the second phase of the extensive search for investors by the receiver of the Sietas shipyard, Berthold Brinkmann. During the first phase, a number of potential investors were approache
UK: RenewableUK Announces Energy Awards Shortlist
RenewableUK, the trade and professional body representing the wind, wave and tidal energy industries, has announced a shortlist of nominations for the association’s inaugural Energy Awards. More than five hundred guests, including business leaders and politicians, will attend the awards ceremony at
A2SEA Appoints New Regional Manager at German Subsidiary
As of 15 May, Martin Huss is employed as new Regional Manager and Managing Director of A2SEA GmbH. Martin will be operating from A2SEA’s Hamburg office, and work with all three A2SEA business units: Installation, Cabling, and Service and Logistics. Lars Kiesewetter, who has been Regional Manager sin
UK: Lower Block of HMS QE Ready for Journey to Rosyth
The public in Portsmouth caught their first glimpse of the giant forward section of HMS QUEEN ELIZABETH, as it was loaded out of the hall at BAE Systems’ facility at Portsmouth Naval Base in preparation for its departure to Rosyth. Using a fleet of remote controlled transporters, a team moved the 6,
EastPort UK Could Increase Employment Rate in Great Yarmouth
Jamie Frater, who became head of the EastPort UK last week, said that employment in Great Yarmouth will certainly grow, the BBC writes. Mr Frater pointed out that employment growth may not be as rapid as people expect and it will be necessary to train people in Yarmouth who want to work in energy se