Eni completed the sale to Fluxys SA (“Fluxys”) and Snam S.p.A. (“Snam”) of its 16.41% interest in Interconnector (UK) Limited (“IUK”), 51% interest in Interconnector Zeebrugge Terminal SCRL (“IZT”) and 10% interest in Huberator SA (“Huberator”). The total consideration for the above mentioned stakes
Following the ingression of water into the natural gas dryers, which led on 10 July to a temporary shutdown, the Melkøya plant is now back in production. The liquefied natural gas (LNG) plant was started up again at the end of July/beginning of August and is gradually being returned to full producti
Eni completed the sale to Fluxys SA and Snam S.p.A. of its 16.41% interest in Interconnector (UK) Limited (“IUK”), 51% interest in Interconnector Zeebrugge Terminal SCRL (“IZT”) and 10% interest in Huberator SA. The total consideration for the above mentioned stakes amounts to € 145 million and Eni
Fluor held a second quarter 2012 conference call yesterday. The company’s management reviewed results and discussed the trends seen in the second half of the year. Among other things, Fluor’s Chairman and CEO David Seaton commented on Greater Gabbard offshore wind farm, saying that the project is “s
JDR Cables, a leading provider of custom-designed and manufactured subsea power cables, umbilical systems and reeler packages for a broad range of applications, has been boosted by a £15m fund from HSBC, the Gazette Live reports. Martin Boden, JDR’s Chief Financial Officer was quoted as saying: “JDR
Since the gas leak on the Elgin G4 well was stopped by a successful well intervention operation on 15 May, the G4 well has remained stable and significant further progress has been made moving towards a permanent solution. Total and its contractors have now restarted the essential safety and support
The Marine Electronic Highway (MEH) Information Technology System for the Straits of Malacca and Singapore, which had been managed by the International Maritime Organization (IMO), has been handed over to the Government of Indonesia in a formal ceremony in Batam, Indonesia, marking the final stages
Teesside based subsea cable specialist has been awarded a GBP 15 million fund for an export drive, reports Gazette Live. The company said that the multi-million fund from HSBC, which is backed by Export Credit Guarantee Department, will help them bid for oil, gas and renewables contracts on the inte
Singapores’s Sembcorp Marine achieved a net profit of $143 million for 2Q 2012. This was 5% lower as compared with $150 million for the corresponding period in 2011, attributable mainly to the timing in recognition of projects, the number of projects that achieved initial recognition, the value and
Rowan Companies plc an international provider of contract drilling services has unveiled it has received a Letter of Intent for its ultra-deepwater drillship, Rowan Renaissance. The drillship, under construction in Korea, will work for Spanish oil giant Repsol at a day rate ranging from $614,000 to
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, announced today the execution of definitive contracts for the construction of a 15,000-cubic-yard-capacity Trai
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, announced today the execution of definitive contracts for the construction of a 15,000-cubic-yard-capacity Trai
In 2012, Ibercisa will continue to emphasize the advantages of electrically driven deck equipment, definitely one of the big technological advances in this field. The electronic system will greatly affect a vessel’s efficiency and running costs by reducing fuel costs. Ibercisa will also give special
Building on their success in export activity to Canada, Barnstaple based engineering firm J+S Ltd has recently exhibited at CANSEC, Canada’s largest defence and security show, where they demonstrated a range of their underwater defence capabilities. Attracting strong interest was J+S’ new Echo Sound
