News
Keel-laying Ceremony of Frigate Admiral Makarov at JSC Yantar Shipyard, Russia
Festive keel-laying ceremony of frigate Admiral Makarov will take place at JSC Yantar Shipyard (affiliate of United Shipbuilding Corporation) on Feb 29. This is the third ship in the series built by the shipyard for Russian Navy since 2010. In accordance with two contracts tied with Russian Defense
Norway: Shell to Remove Standby Vessel from Draugen
PSA Norway has granted consent to Norske Shell for removal the dedicated standby vessel on the Draugen field. The Draugen field is located in the Norwegian Sea at a water depth of 250 metres. The field was discovered in 1984 and recovery started in October 1993. An updated impact assessment was carr
Golar LNG Prices Bond Offering (Bermuda)
Golar LNG Limited said that it has priced an offering of secured convertible bonds with a five-year tenor. The offering size is USD 250 million, including the upsize option of USD 50 million, which has been exercised in full. The Bonds (each with a denomination of USD 100,000) were offered in an acc
HOCHTIEF After Year of Transition: Way Clear for Growth (Germany)
HOCHTIEF, one of the leading international providers of construction-related services, releases 2011 Annual Report marked by negative nonrecurring items, but also by operational strength. Inherited issues put pressure on earnings thus a consolidated net loss of EUR 160 million is reported. However,
HOCHTIEF After Year of Transition: Way Clear for Growth (Germany)
HOCHTIEF, one of the leading international providers of construction-related services, releases 2011 Annual Report marked by negative nonrecurring items, but also by operational strength. Inherited issues put pressure on earnings thus a consolidated net loss of EUR 160 million is reported. However,
The Netherlands: DNV and KEMA to Create Testing & Certification Company for Wind Sector
DNV and KEMA have obtained the necessary regulatory clearances to create a world-leading consulting and testing & certification company for the global energy sector: DNV KEMA Energy & Sustainability (DNV KEMA). The new company begins its operations as of today, 29 February 2012, and is led by CEO Th
Spain: Repsol LNG Income Surges
Spain’s Repsol posted net income of 1.901 billion euros in the first nine months of 2011, 6.4% higher than the 1.786 billion euros reported in the year-earlier period. The group’s operating income totalled 4.102 billion euros, 1% higher than that recorded in September 2010. The LNG division showed a
Norway: DNV in Restructuring Mode
Following the transfer of the majority shareholding in KEMA, DNV said it is now establishing a group structure to manage the strong industry positions it now holds. By merging some of its activities with KEMA, DNV is committed to driving the global transition toward a safe, reliable and clean energy
Rosneft, ITERA Join Forces for Gas Exploration in Russia
Rosneft and ITERA Oil and Gas Company have signed a strategic cooperation agreement for joint exploration and development of gas deposits in Russia. The agreement signed by Rosneft President Eduard Khudainatov and ITERA Oil and Gas Company Chairman of the Board of Directors Igor Makarov envisages th
Germany: IQPC Organizes Wind Power HR Conference
The wind industry has witnessed exponential growth in the past years. The need for suitable employees has grown in proportion – but fierce competition and lack of expertise in this highly specialized energy sector pose significant challenges for HR and business development. Meet international HR exp
Dillinger Hütte Supplies Heavy Plate for Wind Farm Off England Coast
Heavy plate from Dillinger Hütte used in construction of the world’s highest capacity wind farm off the coast of England. Walney, now the world’s largest offshore wind farm, opened off England’s western coast on 9 Feb. 2012. Dillinger Hütte supplied a total of about 36,000 tons of heavy plate in thi
Lithuania: Klaipeda Port to Recive Grants for New Facilities
The Lithuanian port of Klaipeda will be allowed to receive a grant of €18 million from the EU Cohesion Fund for new ferry facilities. The European Commission authorised the measure, on 22 February, after concluding that it is compatible with EU state aid rules. The executive found that the extension
UK: BMT Cordah Appoints New Managing Director
Aberdeen based, BMT Cordah, a subsidiary of the BMT Group, the leading international maritime design, environmental and engineering consultancy, has announced the appointment of Norman Di Perno as its Managing Director. Dr David Sell, who has been the company’s Managing Director for the past four an
UK: BMT Cordah Appoints New Managing Director
Aberdeen based, BMT Cordah, a subsidiary of the BMT Group, the leading international maritime design, environmental and engineering consultancy, has announced the appointment of Norman Di Perno as its Managing Director. Dr David Sell, who has been the company’s Managing Director for the past four an