News
Shell, Chevron Win Ukraine Shale Gas Deals
Two of the world’s largest oil companies, Royal Dutch Shell and Chevron, obtained the right to develop Ukrainian shale gas fields Yuzivske and Oleske, informed Prime Minister of Ukraine Mykola Azarov in his interview with Euronews. The fields are expected to provide Ukraine with up to ten percent of
GPS Establishes Base in Norway
One of Scotland’s leading offshore engineering and fabrication companies is establishing its first permanent base in Norway this week, First Minister Alex Salmond announced today during his visit to the country. Global Project Services, a subsidiary of the Global Energy Group, which has been operati
‘Seven Borealis’ in Holland for Final Outfitting
The ‘Seven Borealis’, Subsea 7’s flag ship, is currently in Rotterdam (the Netherlands) for final outfitting at the Huisman facilities. The vessel is the first customized version of Ulstein Sea of Solutions’ successful SOC 5000 vessel design and fully developed by the Netherlands based Ulstein desig
‘Seven Borealis’ in Holland for Final Outfitting
The ‘Seven Borealis’, Subsea 7’s flag ship, is currently in Rotterdam (the Netherlands) for final outfitting at the Huisman facilities. The vessel is the first customized version of Ulstein Sea of Solutions’ successful SOC 5000 vessel design and fully developed by the Netherlands based Ulstein desig
Wartsila Hamworthy Nabs Petrobras Contract, Brazil
Wärtsilä Hamworthy, the global leader in environmental and liquid cargo handling solutions for the marine and oil & gas markets, has won a contract to supply its Flare Gas Recovery packages to four floating production, storage and offloading (FPSO) units under construction for Petrobras. The units,
Poland: PGNiG Q1 Profit Slides
In the first quarter of 2012, the PGNiG Group posted a PLN 297m net profit, down by 71% from PLN 1.025bn in Q1 2011. One of the main reasons behind the decline, despite a 27% growth in revenue (to nearly PLN 9bn), was a negative margin on sales of high-methane gas (-10%). This was, in […]
The Netherlands: Kersten Europe Acquires Two ‘State of the Art’ Bending Machines
There is an increasing demand for larger, heavier and thicker bended plates and profiles. Kersten Europe aims to respond as effectively as possible to demands from the market. For this reason, Kersten Europe recently invested in two brand new machines in order to be able to bend even larger and thic
Croatia: Port of Rijeka Invites Bids for Breakwater Project
The Port of Rijeka Authority invites interested bidders to deliver sealed bids for the works Rijeka Breakwater Armor Rock Recovery. Scope of works on recovery of Rijeka Breakwater Armor Rock: – Procurement, loading on barge and embedding armor rock each weighted 3 to 5 tons; – Recovery of holes with
Germany: PNE WIND Extends Billhardt’s Contract as Chairman of Board of Directors
The Supervisory Board of Cuxhaven’s wind farm project developer, PNE WIND AG, passed a resolution to prolong Martin Billhardt’s contract as Chairman of the Board of Directors until April 30, 2018. With this long term contract, the Supervisory Board wishes to ensure the continuing development of the
Germany: PNE WIND Extends Billhardt’s Contract as Chairman of Board of Directors
The Supervisory Board of Cuxhaven’s wind farm project developer, PNE WIND AG, passed a resolution to prolong Martin Billhardt’s contract as Chairman of the Board of Directors until April 30, 2018. With this long term contract, the Supervisory Board wishes to ensure the continuing development of the
UK: Future Looks Great for Port of Tyne
Laden with 76,195 tonnes of coal, the Alam Pesona sailed in to Port yesterday, smashing the record for the largest cargo on the Tyne previously set by sister ship Alam Penting. The ship has travelled from New Orleans (Louisiana) and taken 18 days to reach the Port of Tyne without stopping, covering
AvH: Interim Statement for First Quarter 2012 (Belgium)
DEME (Ackermans & van Haaren 50%) managed to win two major new orders in the first quarter, more specifically in Qatar and in Australia. The New Port Project in Qatar was signed by Medco (DEME 44%) and involves dredging of the approach channel, a basin, 4.5 km² land reclamation and two outer breakwa
Jan De Nul to Build Foundations for Swedish Wind Farm
In the Swedish part of the Baltic Sea, in close vicinity of the city of Kårehamn, E.ON has ordered the construction of a wind farm consisting of 16 wind turbines. The contract for the design, construction and installation of the 16 foundations was awarded to Jan De Nul in 2011. These foundations are
UK: Trelleborg Marine Systems Support Grain LNG in Accommodating Large Vessels
As vessel sizes steadily increase, so too do the pressures exerted on port infrastructure. However, a recent report indicates that many commercial ports don’t have adequate infrastructure in place to manage the increase in vessel sizes coming through their terminals. Richard Hepworth, Managing direc