News
Poland: European Commission Supports Swinoujscie LNG Terminal
Last week, the European Commission gave the green light for spending of up to 925 million PLN (211.1 million euros) from the Infrastructure and Environment Operational Programme (IaEOP) for the implementation of building of a re-gasification terminal in Swinoujście. The Commission’s decision is the
Offshore Wind Power Production Revenues to Reach USD 104 Billion by 2017 (USA)
Although the deployment challenges of developing offshore wind power generation facilities are significantly greater than on land, developers, manufacturers, governments, and investors are now turning their attention to offshore wind farms as a means of further expanding wind power capacity. The rea
Offshore Wind Power Production Revenues to Reach USD 104 Billion by 2017 (USA)
Although the deployment challenges of developing offshore wind power generation facilities are significantly greater than on land, developers, manufacturers, governments, and investors are now turning their attention to offshore wind farms as a means of further expanding wind power capacity. The rea
Russia Lends USD 4 Billion to Venezuela for Access to Its Offshore Gas Fields
Russia agreed to lend Venezuela $4 billion through 2013 for defense spending in return for gaining access to heavy crude and offshore gas… By Daniel Cancel Bloomberg [mappress] Source: Bloomberg, October 11, 2011;
UK: Small Dry Bulk Ships Charter Rates Remain Stable
Handysize and handymax charter rates will remain stable at their current level until the end of the year, supported by a strong global … (IMDO) [mappress] Source: IMDO, October 11, 2011;
Turkey Sends Fighter Jets to Escort Seismic Ship Piri Reis on Cyprus Explorations
The four-decade clash between Turkey and Cyprus has moved offshore, drawing warships into an area where some of the past decade’s biggest… Reported by Emre Peker and Stelios Orphanides (Bloomberg) [mappress] Source: Bloomberg, October 11, 2011;
EU Could Lose Ukraine as Transit Country, Says Anatoly Matvienko
“If European Union doesn’t approach the gas transportation system attentively, it can lose Ukraine as a transit country”, head of the Ukrainian delegation to GUAM Parliamentary Assembly Anatoly Matvienko said at the international conference “Establishing relations over the borders” jointly held by t
EDP Renewables Announces Winners of EDP University Challenge 2011 (Spain)
EDP Renewables, a global leader in the renewable energy sector and the world’s third-largest wind energy producer, has announced the winner of the EDP University Challenge 2011 for students of Spanish universities. The award ceremony was presided by EDP Renewables CEO Ana Maria Fernandes and attende
Fire Threatens on Seismic Vessel Off Norwegian Coast
Emergency crews scrambled Sunday night after fire broke out in the accommodation section of a Russian seismic vessel 70 nautical miles … (newsinenglish) [mappress] Source: newsinenglish, October 10 , 2011;
UK: Rolls-Royce Develops Two New Types of Propulsion Systems
A significant proportion of the £923M Rolls-Royce spent on research & development last year will result in a new Mermaid propulsion system for arctic operation and a new Bergen B engine designed to meet IMO Tier III requirements. Rolls-Royce Marine is collaborating with an undisclosed Norwegian comp
Russia: Ust-Luga Port Dredging Nears Completion
Rosmorport is set to complete the deepening of the North approach channel by October 30, the federal enterprise said. (PortNews) [mappress] Source: PortNews, October 10, 2011
Russia: Ust-Luga Port Dredging Nears Completion
Rosmorport is set to complete the deepening of the North approach channel by October 30, the federal enterprise said… (portnews) [mappress] Source: portnews, October 10, 2011;
Russia: NOVATEK Reports Third Quarter 2011 Preliminary Production Data
OAO NOVATEK today reported preliminary production data for the third quarter and nine months 2011. Gross production for the third quarter totaled 13.45 billion cubic meters of natural gas and 998 thousand tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 4.95
Foundation Installation at Thornton Bank 2 Offshore Wind Farm Complete (Belgium)
All foundations of the offshore wind farm Thornton Bank 2 has been successfully installed off the coast of Belgium. The installation work started in June this year and has been accomplished on schedule. In total, 25 jacket foundations for the wind turbines and one offshore transformer station have b