News
Smart Grid to Power Isle of Wight (UK)
The Isle of Wight is to become a test-bed for smart grid technology through a new partnership that brings together some of the leading… (greenwisebusiness) [mappress] Source: greenwisebusiness, November 09, 2011; Image: wightabout
Vopak Posts Q3 Results (The Netherlands)
Vopak today announced third quarter 2011 results. Highlights for the third quarter 2011: – Third quarter group operating profit -excluding exceptional items- rises 6% to EUR 121.3 million (Q3 2010: EUR 114.8 million) – Year to date group operating profit -excluding exceptional items- increases to EU
Vestas 3Q EBIT Down to EUR 84 Million (Denmark)
Vestas generated revenue of EUR 3,798m in the first nine months of 2011, which was in line with the year-earlier period. EBIT declined by EUR 136m to EUR (84)m. The EBIT margin was (2.2) per cent. The free cash flow improved significantly to EUR (218)m from EUR (878)m in the first nine months of 201
Ireland: Shannon River Dredging Project Causes Controversy
Waterways Ireland has insisted that dredging work being carried out on the Shannon – to clear the way into Limerick Marina – is in complianc… By Mike Dwane (limerickleader) [mappress] Source: limerickleader, November 9, 2011
US Wind Market to Peak in 2012, Says Vestas CEO
The U.S. wind turbine market is likely to peak in 2012 and decline significantly in 2013 due to the expiry of tax credits, the head… (reuters) [mappress] Source: reuters, November 09, 2011
UK Gas Prices Drop
British gas prices fell on Wednesday as temperatures rose well above seasonal norms, curbing the use of gas in heating systems, while Italia… (reuters) [mappress] Source: reuters, November 9, 2011; Image: uk national grid
Geoships Expands its Fleet with Two Multi Purpose Offshore Vessels (UK)
SeaHold GEOSHIPS Ltd, specialists in marine and subsea services, has expanded its fleet of multi purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, whilst also signifying a US$140 million in additional financial commitment
EU to Meet 31 pct of Climate Target by 2020 (Belgium)
European wind power production will meet a massive 31% of the emissions reduction required by the current EU climate target. Today the European Wind Energy Association (EWEA) published a new report revealing that by 2020, the EU wind industry would avoid 342 million tonnes of CO2, equivalent to 31%
CGGVeritas’ Results Rise on High Demand for Seismic Equipment
CGGVeritas, the world’s largest seismic surveyor of oil fields, surged to a two-month high after reporting a profit in the third quarter and… By Tara Patel (Bloomberg) [mappress] Source:Bloomberg , November 9, 2011; Image: CGGVeritas
UK Energy Minister Asks Ofgem to Report on Longer Term Gas Security
Energy regulator Ofgem has been asked by the Department of Energy and Climate Change (DECC) to look into whether further action is needed to ensure that medium- to long-term gas supplies for consumers remain secure. In the short term, gas supplies are relatively secure and the wholesale gas market i
Ocean Rig Bidding to Rent 5 Drillships to Petrobras, Brazil
DryShips Inc confirmed market speculation that its Ocean Rig UDW drilling unit was bidding to rent out five new drillships to Brazilian stat… Source: Reuters [mappress] Source: Reuters, November 9, 2011; Image: Ocean Rig
Russia: Total Chief Wants Qatar to Join Yamal LNG
French energy major Total SA Chief Executive Wednesday urged Qatar to join the Yamal liquefied natural gas project, and also said his compan… (foxbusiness) [mappress] Source: foxbusiness, November 9, 2011; Image: total
Germany: E.ON Nine-Month Profits In Line
E.ON’s nine-month business performance was in line with its expectations. Nine-month sales were up by 21 percent year on year to roughly EUR78 billion, primarily because of an increase in external sales at its trading business. By contrast, E.ON’s adjusted EBITDA was down by 39 percent to about EUR6
Wave Hubs Could Come to Cornwall (UK)
Falmouth Harbour Commissioners (FHC) and The Crown Estate have signed a lease to create FabTest, a new wave energy ‘nursery’ test site inFalmouth Bay on the south coast of Cornwall. The site has also been issued with a marine license by the Marine Management Organisation (MMO), which allows the moor