News
Scotland and England to Compete for Gamesa’s USD 237 Million Investment
The Scottish port of Leith and the English town of Hartlepool are vying for a $237 million investment from Spanish wind-turbine manufacturer Gamesa, which plans to build a turbine and blades plant in the U.K. to be operational by 2014. Scotland and England are competing to create a hub for the count
FLEX LNG Report Reveals Losses (UK)
FLEX LNG said that, during the fourth quarter of 2011, work continued on a potential LNG Producer unit as the front-end engineering and design (FEED) work on the Gulf LNG project in Papua New Guinea was substantially completed. The cash balances at 31 December were $14.8m ($9.9m) with $2.1m net outf
Germany: Voith Gets First VLJ Order
Voith has received the first Voith Linear Jet order with Turbine Transfers UK for a 19 meter BMT Nigel Gee designed Wind Support Vessel. The Voith Linear Jet will provide for this application a substantial higher bollard pull without a requirement for increased installed power. This higher bollard p
UK: Berth Extension Begins at Portsmouth International Port
A major construction project starts this week at Portsmouth International Port to lengthen one of the berths used by ferries and cruise ships. Berth 2 will be extended by nearly 50 metres. This will improve flexibility at the Port, allowing for a greater number of larger ships to be docked at any on
UK: Premier Spuds Bluebell Well
Canadian Overseas Petroleum Limited (COPL) announces that drilling activities have begun in the Bluebell exploration prospect that spans Blocks 15/24c and 15/25f in the UK Central North Sea. Bluebell is a prospect situated near Premier’s producing Brenda field. Premier Oil plc is the operator of the
Germany: Nordex Announces 2011 Full Year Results
On basis of its provisional consolidated financial statements, the Nordex Group closed 2011 in line with its current forecast. In November 2011, the Management Board announced that Nordex would be reporting lower sales and an operating loss of around EUR 10 million for the year as a whole. Highlight
Awilco LNG Q4 Net Profit at USD 7.7 Million (Norway)
Awilco LNG ASA reported an EBITDA of USD 10.9 million and a freight income of USD 16.8 million in the fourth quarter of 2011, compared to an EBITDA of USD -0.6 million and a freight income of USD 12.3 million in the third quarter. “Awilco LNG delivered satisfying performance in the fourth quarter wi
Nord Stream Wins Pipeline Project of the Year Award
Nord Stream AG said it has won the inaugural “Pipeline Project of the Year” award at the 2012 European Gas Conference. The award, which was presented by The Energy Exchange in conjunction with Natural Gas Europe, recognises Nord Stream’s achievement in starting to make its contribution to energy sec
Chairman Visits DP World Southampton (UK)
His Excellency Sultan Ahmed Bin Sulayem, Chairman of the global terminal operator DP World visited DP World Southampton yesterday following the terminal setting another productivity record for vessel handling operations – further demonstrating DP World Southampton’s commitment to excellent customer
Danish Prime Minister to Open Europe’s Premier Wind Energy Event
Europe’s premier wind energy event, EWEA 2012, takes place in the capital of Denmark – the world champion of wind energy – during the country’s Presidency of the European Union. Danish Prime Minister, and Chair of the EU’s rotating Presidency, Helle Thorning Schmidt, will attend the opening session,
Danish Prime Minister to Open Europe’s Premier Wind Energy Event
Europe’s premier wind energy event, EWEA 2012, takes place in the capital of Denmark – the world champion of wind energy – during the country’s Presidency of the European Union. Danish Prime Minister, and Chair of the EU’s rotating Presidency, Helle Thorning Schmidt, will attend the opening session,
UK: Southampton Port Expansion Still Pending
A public consultation into the £150m expansion of Southampton’s port was conducted yesterday and a decision is expected to be reached within a month. ABP would like to redevelop two berths and conduct dredging activities to enable the port to welcome and accommodate the latest and largest container
Shipping’s Impact on World Oceans is Well Regulated, Says ICS (Singapore)
When it comes to governing the oceans, shipping largely has its house in order – that is the view of the International Chamber of Shipping (ICS) whose Chairman, Spyros M Polemis took part in a major debate about oceans governance, in Singapore (Feb 23rd and 24th). Discussing ‘Who Should Rule The Wav
Denmark: Dong Energy, Bayerngas to Jointly Develop Hejre Field
DONG Energy and Bayerngas have decided to develop the Hejre field in the Danish North Sea. DONG Energy is the operator and has a 60 per cent stake in the field. Bayerngas owns 40 per cent. The total investment in the development of the Hejre field is DKK 12.1 billion (USD 2.2 billion). DONG Energy’s