News
Poland: Gdynia Port Authority to Inject USD 142 Million in 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
UK: SeaEnergy Appoints Permanent Chief Executive
SeaEnergy today announces the appointment of a permanent Chief Executive, together with further details of a proposed return of value to shareholders, its future business plans, certain other board changes and a review of executive remuneration. Board changes and employment terms The Board is please
Foster Wheeler Net Income Down (Switzerland)
Foster Wheeler AG today reported net income for the fourth quarter of 2011 of $39.2 million, compared with $32.8 million in the fourth quarter of 2010. Net income in both quarterly periods was impacted by asbestos-related provisions. Excluding such items from both quarterly periods, net income in th
DECC: Imports Exceeded UK Gas Production in 2011
UK’s Department of Energy and Climate Change (DECC) said in a report that UK produced gas accounted for 54 per cent of inputs to UK transmission systems in 2011, but imports exceeded UK production for the first time. Net import dependency increased to 48 per cent, DECC said. However, despite lower U
Norway: Bonheur ASA Reports Operating Profit of USD 79 Million
Bonheur ASA has today announced the results of 4 quarter 2011 and preliminary result for 2011.
UK: EU NAVFOR Presents Update on Operation ATALANTA
EU NAVFOR hosted a press conference on 20 February 2012 to present an update on Operation ATALANTA, piracy off the Horn of Africa and a view towards future developments. The briefing was hosted by Operation Commander Rear Admiral Duncan L. Potts with Deputy Operation Commander Rear Admiral Rainer En
Draft Law “On the Sea Ports of Ukraine” Adopted
Verkhovna Rada adopted in first reading the draft law “On the sea ports of Ukraine.” The new draft regulatory act has been prepared by experts Mininfrastruktury pursuant to instructions of the Cabinet of Ministers of Ukraine. The bill aims at qualitatively new level to normalize relations in the fie
DONG Energy Sells 50 pct of German Offshore Wind Farm Borkum Riffgrund 1
DONG Energy has today signed an agreement to sell 50 per cent of the German offshore wind Borkum Riffgrund 1 to the LEGO Group’s parent company, KIRKBI A/S, and the Oticon Foundation, via its investment company, William Demant Invest A/S for a total sum of DKK 4.7 billion. When completed Borkum Riff
Russian President Orders Gazprom to Build South Stream with Max Capacity
Gazprom’s CEO Alexey Miller, reported yesterday to Russian President Dmitry Medvedev on the progress with the South Stream project. “It is a very timely project. Besides the evident growth in gas transit reliability, it will considerably enhance our capabilities to flexibly adapt to changes of deman
Argentina: Boskalis Lands Bahia Blanca Dredging Contract
Royal Boskalis Westminster N.V. 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 the Jan de Nul Group. Boskalis’ share of the total contract is approximately EUR
Belgium: Fluxys G, Snam Buy Gas Stakes from Eni
Snam and Fluxys G said that they have reached an agreement to acquire Eni’s stakes in Interconnector (UK), Interconnector Zeebrugge Terminal and Huberator. This joint acquisition, to which Snam and Fluxys G are to contribute 50% each, is a first important milestone in pursuing the aim of an integrat
UK: Seajacks Publishes Zaratan Construction Summary
In February 2010 Seajacks entered into a contract with GustoMSC to provide the Basic Design Package for two purpose built wind farm installation vessels. In June 2010 Seajacks entered into a contract with Lamprell shipyard to build these new vessels and Seajacks will take delivery of the first new-b
“On the Sea Ports of Ukraine” Adopted
Verkhovna Rada adopted in first reading the draft law “On the sea ports of Ukraine.” The new draft regulatory act has been prepared by experts Mininfrastruktury pursuant to instructions of the Cabinet of Ministers of Ukraine. The bill aims at qualitatively new level to normalize relations in the fie
The Netherlands: Offshore Energy Introduces Offshore Wind Zone
Offshore Energy, Exhibition & Conference, introduces the Offshore Wind Zone at the fifth edition of the event, taking place on Tuesday 23 and Wednesday 24 October 2012, Amsterdam RAI, The Netherlands. Offshore Energy is the only annual event in The Netherlands dedicated to offshore energy, and the f