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Business & Finance

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London Array Construction Contains Too Small UK Input
Business & Finance

London Array Construction Contains Too Small UK Input

The construction of the London Array offshore wind farm has not brought much profit to British businesses, as about 90% of the GBP 1.5 billion spent in it went to foreign companies. The Guardian cites Chris Randle, the project manager from Siemens, as saying: “I would like nothing better than to be

about 14 years ago
ICS Disappointed by IMO Fuel Study Decision (UK)
Business & Finance

ICS Disappointed by IMO Fuel Study Decision (UK)

The International Chamber of Shipping (ICS), whose member national shipowners’ associations represent more than 80% of the world merchant fleet, has expressed disappointment and concern at a decision by the International Maritime Organization (IMO) to reject its call to accelerate a critical study i

about 14 years ago
Scottish Minister Urges Subsea Companies to Exploit Brazilian Opportunities
Business & Finance

Scottish Minister Urges Subsea Companies to Exploit Brazilian Opportunities

Scottish Energy Minister, Fergus Ewing, is to urge subsea companies to exploit Brazilian opportunities at an inaugural “Maximising Our Future” business seminar being held in Aberdeen next week (October 9). With around 2.5 million recoverable barrels per day projected by 2015 and subsea Capex worth a

about 14 years ago
Great News for Taiwan’s Ports
Business & Finance

Great News for Taiwan’s Ports

Premier Sean Chen yesterday directed the Ministry of Transportation and Communications (MOTC) to work with Taiwan International Ports Corporation (TIPC) in implementing a five-year plan to renovate commercial ports and harbors and coordinate cross-ministry efforts to contribute to this program. The

about 14 years ago
Norway: Apply Nemo’s Remote Tie-Ins for Ivar Aasen and Edward Grieg
Business & Finance

Norway: Apply Nemo’s Remote Tie-Ins for Ivar Aasen and Edward Grieg

Apply Nemo AS (AN), the subsea unit in Apply, has been awarded a contract with Det norske oljeselskapet ASA for the delivery of thirteen remote controlled tie-ins, up to 14”, for installation on the Edward Grieg and Ivar Aasen jackets. The contract value is approximately 60 mNOK, and the equipment d

about 14 years ago
MacArtney Develops Wet-Mate Connector Technology (Denmark)
Business & Finance

MacArtney Develops Wet-Mate Connector Technology (Denmark)

Danish marine technology company MacArtney has developed a wet-mate connector, which is a new way to connect and disconnect power. The wet-mate connector is a 1kV device that enables two power cables to be linked together underwater. According to Social.tidaltoday.com, the project was successfully d

about 14 years ago
Det Norske Orders Tie-Ins from Apply Nemo (Norway)
Business & Finance

Det Norske Orders Tie-Ins from Apply Nemo (Norway)

Apply Nemo AS (AN), the subsea unit in Apply, has been awarded a contract with Det norske oljeselskapet ASA for the delivery of thirteen remote controlled tie-ins, up to 14”, for installation on the Edward Grieg and Ivar Aasen jackets. The contract value is approximately 60 mNOK, and the equipment d

about 14 years ago
UK: Two Councils Collaborate on Using Green Port Hull Advantages
Business & Finance

UK: Two Councils Collaborate on Using Green Port Hull Advantages

Hull and East Riding councils are preparing to use the advantages that the Siemens’ planned Green Port Hull turbine assembly factory would bring. Namely, the two councils are set to organize a programme worth GBP 25.7 million for jobs and investment, as they expect confirmation of the project plans

about 14 years ago
Cargill, UNIPEC UK to Charter Only Eco-Friendly Ships
Business & Finance

Cargill, UNIPEC UK to Charter Only Eco-Friendly Ships

Cargill, one of the world’s leading international transporters, and UNIPEC UK Company Ltd, trader of crude oil and oil products, announced today that they will only charter the more efficient vessels operating in the shipping market. This commitment is the first of its kind in the industry to reduce

about 14 years ago
Gazprom MT to Send First LNG Vessel through Northern Sea Route
Business & Finance

Gazprom MT to Send First LNG Vessel through Northern Sea Route

LNG tanker ‘Ob River’ chartered by Gazprom Marketing & Trading group and operated by Dynagas (Greece) will carry out the world’s first LNG vessel passage through the Northern Sea Route (NSR) this month. ‘Ob River’ discharged her LNG cargo in Japan and replenished bunkers and provisions in South Kore

about 14 years ago
Gazprom Delegation Visits Kazakhstan
Business & Finance

Gazprom Delegation Visits Kazakhstan

A Gazprom delegation led by Alexey Miller, Chairman of the Gazprom Management Committee visited the Republic of Kazakhstan. A working meeting between Alexey Miller and Nursultan Nazarbaev, President of the Republic of Kazakhstan took place during the visit. The parties discussed prospects for bilate

about 14 years ago
Hydrokinetic Energy Technologies Move to Commercial Development (USA)
Business & Finance

Hydrokinetic Energy Technologies Move to Commercial Development (USA)

New hydrokinetic energy technologies that generate electricity by harnessing the energy from ocean waves, tides, and river currents are advancing toward commercial development in the United States. They are not expected to add major power supplies anytime soon, but federal regulators this year appro

about 14 years ago
Japan: Mitsubishi Heavy Installs MALS on Ferry
Business & Finance

Japan: Mitsubishi Heavy Installs MALS on Ferry

Mitsubishi Heavy Industries, Ltd. (MHI) has installed its innovative “Mitsubishi Air Lubrication System” (MALS) for the first time on a ferry – a ship with a slender hull form – and confirmed over 5% improvement in fuel consumption. MALS is MHI’s proprietary technology that reduces frictional resist

about 14 years ago
Statoil Hires Three Rigs for Work in Norwegian Continental Shelf
Business & Finance

Statoil Hires Three Rigs for Work in Norwegian Continental Shelf

Statoil and its partners have entered into contracts for use of the Bideford Dolphin, Stena Don and Scarabeo 5 rigs on the Norwegian continental shelf. The contracts have a total value of NOK 9,17 billion (USD 1.6 billion), excluding potential options. The rigs will be used for production drilling f

about 14 years ago
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