News
TenneT, Mitsubishi Team Up for German Offshore Grid Connections
TenneT has entered into a partnership with Mitsubishi Corporation by agreeing to sell a 49% equity stake in two German offshore high-voltage cable projects, BorWin1 and BorWin2. Mitsubishi’s aggregate equity commitment will total EUR 240 million. This partnership represents a milestone transaction i
Expert Urges Offshore Wind Sector Companies to Adopt Health and Safety Solutions (UK)
Companies from the offshore wind sector should adopt health and safety solutions in order to save their costs and time, reports Safety Sign Supplies. Judith Hackitt, Chair of the Health and Safety Executive, who spoke at the Renewable UK Health and Safety conference, stated that safety is more payab
France: GDF Suez Delivers Solid 2011 Results
GDF SUEZ continued to report solid results for 2011, with EUR 90.7 billion in revenues, up +7.3% despite highly unfavorable weather conditions and the gas tariff freeze in France. EBITDA grew by +9.5% thanks to the contribution of International Power from February 2011, the commissioning of new asse
UK: BG Says Makes Progress on QCLNG
BG Group today issued its Annual Strategy update after posting its 2011 results. BG Group’s Chief Executive Sir Frank Chapman said: “The outlook for global gas and LNG demand is strong. BG Group is well set to capitalise on these opportunities and is making good progress with delivering its plans.”
IMO Secretary-General Pledges Support for Philippines Maritime Development
IMO Secretary-General Koji Sekimizu has pledged IMO’s support for the Philippines in all facets of the country’s maritime development. In wide-ranging talks in Manila with Philippines’ President Benigno S. Aquino III, as well as the country’s Secretaries for Foreign Affairs, Transport and Communicat
PMV Invests EUR 18.7 Million in High Wind NV (Belgium)
PMV-TINA is investing 18.7 million euros in High Wind nv via a combination of equity participation and a deferred loan. High Wind nv is a consortium made up of GeoSea nv (DEME Group), Alstom, Iemants, G&G International, SBE and Egemin and is supported by Sirris. High Wind nv is developing a new inst
New Vessels From Hull to Serve Offshore Wind Farms (UK)
A HULL shipyard is to build and operate a fleet of vessels to serve giant offshore wind farms planned for the North Sea. MMS Ship Repair will both construct and run the boats, which will transfer technicians and equipment to the wind turbines. Capable of carrying 12 passengers, the vessels would be
Russia: Future Looks Great for Port of Saint Petersburg
In 2011 JSC “Sea Port of Saint-Petersburg” transferred 319 mln. rubles for the implementation of port infrastructure development programme. Main part of the funds was transferred for the renovation of the fleet of handling equipment. In particular 9 lift-trucks “Kalmar” with the lifting capacity fro
Voith and SCHRAMM to Develop Special Vessels (Germany)
In the future, operators of offshore wind farms will have one point of contact for all technical and service issues: Voith and the SCHRAMM group will pool their vessel design expertise and will jointly develop special vessels for the transfer of staff and material to wind farms in the North and Balt
Voith and SCHRAMM to Develop Special Vessels (Germany)
In the future, operators of offshore wind farms will have one point of contact for all technical and service issues: Voith and the SCHRAMM group will pool their vessel design expertise and will jointly develop special vessels for the transfer of staff and material to wind farms in the North and Balt
UK: BG 2011 Operating Profit at USD 8.2 Billion
BG Group plc today reported total operating profit of $8.2 billion for 2011. 2011 Key Points • Total operating profit up 19% to $8.2 billion • Strong cash flow from operations, up 17% to $9.8 billion • Full year dividend increased by 10% to 23.76 cents per share (14.82 pence per share) • Significant
Hoegh LNG Completes Private Placement (Norway)
Norway’s Höegh LNG said that it has issued 22,641,509 new shares, and that the private placement the company announced last week has been completed. The new shares have been lissued and fully paid, Höegh LNG said in a statement. The new shares will be delivered to Leif Höegh & Co Limited (LHC) as se
UK: ABPmer to Provide Specialist Advice for Colwyn Bay Waterfront Project
ABP Marine Environmental Research Ltd (ABPmer), a recognised provider of physical processes advice to the coastal sector, has been awarded a coastal modelling study to support the Colwyn Bay Waterfront Project. This project will see major redevelopment of the town’s seafront into a well protected an
Fyns Kran Udstyr Tests Hydraulic Lifting Yoke at London Array (UK)
A newly developed hydraulic lifting yoke from Danish based Fyns Kran Udstyr has been tested in the world’s largest offshore wind turbine park, London Array. The new way of handling offshore wind turbine foundations is much faster, cheaper and more secure. It no longer needs to take an hour to get re