News
USA: CB&I Net Income at USD 255 Million
CB&I reported net income for the fourth quarter of $70.5 million, versus $63.2 million in 2010. Revenue for the quarter was $1.3 billion, with new awards of $772.4 million. For the full-year, net income was $255.0 million. CB&I’s consolidated 2011 revenue was $4.6 billion, up 25% over 2010. Cash and
Russia: Joint Seminar on Gas Fuelled Ships
A joint seminar of the American Bureau of Shipping (ABS), Russian Maritime Register of Shipping (RMRS) and Gazprom Marketing and Trading on Gas Fuelled Ships will be held in St.Petersburg today. The concept of the use of Methane as a main propulsion fuel on non-LNG vessels has been a matter of indu
Carnegie Welcomes ‘The Future of Marine Renewables in the UK’ Report
Wave energy developer Carnegie Wave Energy Limited welcomes the UK House of Commons Energy and Climate Change Committee report on ‘The Future of Marine Renewables in the UK.’ The report highlights the opportunities and benefits of developing a world leading marine energy industry and the need for th
Jan De Nul Group Confirms Argentinian Deal
Compañía Sudamericana de Dragados S.A., a subsidiary of Jan De Nul Group, has been awarded a contract for capital and maintenance dredging in the port of Bahia Blanca, Argentina. The contract value is approximately EUR 90 million and was acquired together with Royal Boskalis Westminster N.V. (Boskal
TAP Starts Survey Near Albanian Coast
The Trans Adriatic Pipeline said it has started a nearshore survey north of Vlore in south-eastern Albania. The purpose is to collect samples of the seabed soil near the Albanian coast along the planned route of the natural gas pipeline, which plans to bring Caspian gas to southern Italy, TAP said.
USA: Flour Net Earnings Up
Fluor Corporation today announced financial results for its fiscal year ended December 31, 2011. Net earnings attributable to Fluor for 2011 were $594 million, or $3.40 per diluted share, compared with $357 million, or $1.98 per diluted share in 2010. Consolidated segment profit for the year was $1.
TAP Starts Seabed Survey Offshore Albania
On the 23rd of February the Trans Adriatic Pipeline started a nearshore survey north of Vlore in south-eastern Albania. The purpose is to collect samples of the seabed soil near the Albanian coast along the planned route of the natural gas pipeline, which plans to bring Caspian gas to southern Italy
The Netherlands: VOSTA LMG, APT Global Ink Cooperation Agreement
Beginning of 2012 VOSTA LMG and APT Global Marine Services LLC have signed an agreement for co-operation in the field of Dredger construction, manufacture of components and servicing of dredger vessels operating in the Middle East, North African (MENA) region. VOSTA LMG is a well experienced technic
UK: Future Looks Great for Aberdeen Harbour
Peterson SBS announces a £1.5 million capital investment in its quayside operations at Aberdeen Harbour. The company has leased a further two berths from Aberdeen Harbour Board and has secured additional accommodation, including a transit warehouse for the receipt and containerisation of items and e
UK: Trump Supports Anti-wind Farm Group
While the Scottish Parliament’s economy, energy and tourism committee is considering to invite Donald Trump to give “wind farm evidence“, the US tycoon is giving his support to the anti-wind farm group. The tycoon’s staff, based at Trump Towers in New York, will be working on a daily basis with Comm
UK: Trump Supports Anti-wind Farm Group
While the Scottish Parliament’s economy, energy and tourism committee is considering to invite Donald Trump to give “wind farm evidence“, the US tycoon is giving his support to the anti-wind farm group. The tycoon’s staff, based at Trump Towers in New York, will be working on a daily basis with Comm
UK: Turret Moorings Expert Joins Sigma Offshore
International FPSO moorings and marine engineering services business, Sigma Offshore, has added new impetus to its growth plans by appointing an experienced industry figure to head up one of its key service areas. Geir Eik has become Vice-President Internal Turret Systems at Aberdeen-headquartered S
Poland: Gdynia Port Authority to Invest Development Program
Gdynia Port Authority has unveiled a $142 million investment plan (2012-2014) which includes port repairs and port modernisation. This development project also includes infrastructure upgrades, which will absorb $100 million and consist of the remodelling of the quay, development of a road access ne
GeoSea Empowers Winds of Change (Belgium)
The seminar “Power to the Winds of Change”, with keynote speakers Dr. Bertrand Piccard, Initiator and Chairman of Solar Impulse, Mr. Jaak Rutten, CEO of C-Power, Mr. Melchior Wathelet, Belgian Secretary of State for Environment and Mobility, and Serge de Gheldere, CEO of futureproofed and the Belgia