News
France: GDF Suez Q1 LNG Sales Up
French utility GDF Suez said its revenues at March 31, 2012 were EUR 28.2 billion with a +10.5% gross increase and +8.4% organic growth supported by all business lines. EBITDA for the period reached EUR 5,821 million with a +5.7% gross increase and a +4.1% organic variation compared to March 31, 201
BG Inks USD 500 Million Credit Deal with Export Development Canada
LNG player BG Group of UK today announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to extend for an additional 12 months. The agreement with EDC will build upon BG Group’s existing relationships with Canad
Norway: Reef Subsea Nabs Ormen Lange Dredging Deal
Reef Subsea AS announced today that Scanmudring, one of its Norwegian subsidiaries, have been awarded by A/S Norske Shell a seabed dredging contract on Ormen Lange Mid-North field development. The task will be performed by the newly-built Scanmachine 4, the new generation of the highly experienced t
UK: TAG Signes Up to Wind Energy Charter
TAG Energy Solutions has signed up to industry body RenewableUK’s new Wind Energy Charter, which has been created to highlight how the industry will benefit the UK economy. The Charter sets out how the wind energy industry is delivering significant benefits to the UK and its economy as well as the i
UK: SMD Wins Queen’s Award for Enterprise
SMD has been honoured with the prestigious Queen’s Award for Enterprise in the International Trade category for its growing presence and success in global markets. This is the second Queen’s Award the company has won in the last two years. In 2011, SMD was presented with the Queen’s Award for Innova
Fairstar Rejects Dockwise Take Over Bid (The Netherlands)
Fairstar Heavy Transport said it has received an unsolicited, conditional, offer from Dockwise to acquire Fairstar shares at a purchase price of NOK 9.3 per share. “The Joint Supervisory and Management Boards of Fairstar have met this evening and concluded that the conditional offer for Fairstar sha
UK: ADBP Completes First Water Injection Dredging Licence Application in Wales
Continuing its long association with the City & County of Swansea Council (CCS), Anthony D Bates Partnership (ADBP) have completed the first ever water injection dredging license application in Wales. Although the Marine Management Organisation in England recently decided to delay the introduction o
Borders & Southern Makes Significant Discovery Offshore Falklands
Borders & Southern announces it has made a significant gas condensate discovery approximately 140 kilometers south of the Falkland Islands. Well 61/17-1 was drilled to a total depth of 4876m and came in very close to prognosis. As predicted, the strong AVO anomaly represented a porous sandstone rese
ADBP Prepares Dredging Contract for MHPA (UK)
Milford Haven Port is the biggest port in Wales, the third largest in the UK, and is one of the largest oil and gas ports in northern Europe. With 25% of the UK’s petrol and diesel provisions as well as up to 30% of the UK’s gas requirements being handled through the Port’s waterways, Milford [&hell
Gazprom CEO, Russian PM Discuss Nord Stream
Thursday, Gazprom Management Committee Chairman Alexey Miller reported to Russian Prime Minister Vladimir Putin on the completion of the Nord Stream gas pipeline’s second string laying. “We have initiated startup and adjustment operations. In September the second string will be filled with buffer ga
Iveco Unveils New Stralis LNG Truck, The Netherlands
Iveco, the Fiat Industrial Group company, presented on Tuesday its new Stralis liuefied natural gas (LNG) vehicle in Amsterdam. The vehicle on display is a two axle tractor unit with semi-trailer, Cursor 8 natural gas engine with a power rating 330 HP, manual gearbox, production line Intarder and EB
Germany: Derrick Noe Resigns From REpower Executive Board of Directors
REpower Systems SE informs that on 19 April 2012 the Supervisory Board of REpower Systems SE and Derrick Noe, CFO of the company, agreed that Mr Noe will resign from the executive board of directors of REpower Systems SE with immediate effect by way of an amicable mutual agreement due to different v
UK: SR250 Exports Power to National Grid
In the latest of a series of onsite tests at EMEC Stromness based Scotrenewables Tidal Power Limited has successfully generated and exported power into the UK national grid for the first time. On the 18th of April the SR250 full-scale prototype was towed to EMEC Fall of Warness tidal test site and c
The Netherlands: APMT Selects Imtech as Partner for New Container Terminal
Royal Imtech N.V. (IM-AE, technical services provider in and outside Europe) announces that APMT – AP Moller Terminal, part of the Maersk Group – has selected Imtech as partner, together with the constructing companies Dura Vermeer and GMB, to realise a high-tech container terminal at the second Dut