News
Fugro Completes Installation of Electrical Substation at Lincs Offshore Wind Farm (UK)
Fugro Renewables completed a £2.5 million contract with Centrica Renewable Energy Ltd to assist with the installation of an electrical substation at the Lincs offshore wind farm. Located 8 km east of Skegness and covering 35 square kilometres, the development lies within one of the UK’s most environ
UK: Water Quality – Key to Success of Cardiff Bay
Water quality has been a central theme in a redevelopment project that began with the creation of the Cardiff Bay Development Corporation in April 1987. This article will examine the role that water quality has played in the remarkable transformation that has taken place in Cardiff and explain how m
JPMorgan to Sell Bard Holding (Germany)
Bard Holding GmbH, the German offshore wind developer that put itself up for sale, hired JPMorgan Chase & Co. (JPM)’s investment banking… By Sally Bakewell (bloomberg) [mappress] Source: bloomberg, September 13, 2011
Nord Stream Seeks Amendment of Phase I Pricing Levels (Switzerland)
Nord Stream has approached its lenders seeking an amendment to the pricing of the 3.9 billion euros Phase I project finance facilities in order to ensure a more favourable financing package for the overall project. The purpose is to bring that pricing into line with the pricing of the 2.5 billion eu
Wartsila Sponsors Offshore Energy Network Evening (The Netherlands)
Wärtsilä is sponsoring the Offshore Energy Network Evening. This event is part of Offshore Energy Exhibition & Conference, 11 & 12 October 2011. At the first exhibition day, exhibitors can attend the Offshore Energy Network Evening and meet their fellow exhibitors. Offshore Energy is the leading int
Wood Mackenzie Says Speculative LNG Tanker Orders Face Uncertainty
Energy research consultancy Wood Mackenzie Tuesday warned about the possibility of a declining freight market with limited employment opport… (platts) [mappress] Source: platts, September 13, 2011;
Wood Mackenzie Says Speculative LNG Tanker Orders Face Uncertainty
Energy research consultancy Wood Mackenzie Tuesday warned about the possibility of a declining freight market with limited employment opport… (Platts) [mappress] Source: Platts, September 13, 2011
Russia: Sovcomflot Posts H1 2011 Results
Sovcomflot (SCF Group) announced its financial and operating results for the six months ended 30 June 2011: H1 2011 Highlights: SCF Gross revenues USD 732.6 million (+8.0 pct on H1 2010) SCF time charter equivalent revenues USD 484.2 million (-2.4 pct on H1 2010) EBITDA USD 262.8 million (-10.0 pct
UK: Villagers Meet Over Grain LNG Safety Fear
More than 100 villagers living near a giant gas terminal in Kent have attended a public meeting to discuss their safety fears… (bbc) [mappress] Source: bbc, September 13, 2011;
Russia: Gazprom Says Talks with Belarus Underway
The Gazprom headquarters hosted Monday another meeting between Alexey Miller, Chairman of the Company’s Management Committee and Vladimir Semashko, First Deputy Prime Minister of the Republic of Belarus. The parties resumed the negotiations on terms and conditions for Russian gas supplies and transi
The Netherlands: “We Have to Become Harder”, Says Euro Commissioner
European Commissioner Siim Kallas wants to compel more competition in European ports. He announced this on Thursday afternoon in Rotterdam. Port services such as towing and pilotage services must be further deregulated. In an exclusive interview with the Dutch and Belgian transport papers Nieuwsblad
FLEX LNG Names New Board Chairman (UK)
FLEX LNG announced the appointment of David McManus as chair of the Board of Directors of FLEX LNG. Mr. McManus brings to FLEX LNG a wealth of experience to assist in the company’s objective of developing one of the world’s first floating liquefaction units. Mr. McManus is an exceptionally experienc
Norway: Island Valiant Resumes Excavation Works at Ormen Lange Field
The M/V Island Valiant is still working for AGR Subsea AS excavating along piperoutes on the Northern Extension of the Ormen Lange. The contract was awarded in March 2011 with startup in May, and was initially planned to last for 30 days. The vessel and trenching spread has flushed away approximatel
The Netherlands: N-Sea Appoints Gerard Keser as New Managing Director
The Supervisory Board and Management of N-Sea announce that as of 12 September 2011 Mr Gerard Keser takes office as the new Managing Director of N-Sea. Leen Noordhoek, who has been Managing Director, ad interim, since May of this year, will become a Member of the Supervisory Board. From 2002 to 2011