The German government is negotiating increase of financial support for the grid operators that are working on connections, reported Bloomberg. The negotiations are a part of an effort to fight delays in connecting turbines to the power grid. As a result, the state may increase a program worth EUR 5
AREVA generated consolidated revenue of 2.026 billion euros in the first quarter of 2012, up 2.4% (+1.3% like for like) compared with the same period in 2011. The increase in revenue in the Mining Business Group (+11.9% reported, +6.5% like for like), the Reactors & Services Business Group (+5.8% re
Regional producers are set to be major beneficiaries of the $1.2 billion expansion of the Port of Melbourne announced by Premier Ted Baillieu and Minister for Ports Denis Napthine on Tuesday. Dr Napthine said the construction of a new container terminal at Webb Dock and the expansion of the existing
“The first quarter confirmed the strong growth we have been projecting for this year.” Charles D. Davidson, Noble Energy’s Chairman and CEO
Deepwater mooring rope specialist, Lankhorst Ropes Offshore Division is announcing a new improved creep HMPE mooring rope made with Dyneema® for a new generation of permanent deepwater moorings beyond 2,000m water depth, on booth 1353 at OTC 2012. The Lankhorst booth will also feature the latest dev
Deepwater mooring rope specialist, Lankhorst Ropes Offshore Division is announcing a new improved creep HMPE mooring rope made with Dyneema® for a new generation of permanent deepwater moorings beyond 2,000m water depth, on booth 1353 at OTC 2012. The Lankhorst booth will also feature the latest dev
Forum Energy Technologies, Inc. reported first quarter 2012 revenue of $363.5 million, up 79 percent over first quarter 2011 revenue of $203.1 million. Net income for the first quarter 2012 was $42.5 million, compared to first quarter 2011 net income of $12.4 million. Diluted earnings per share for
International classification society RINA has launched a co-ordinated range of services to help shipowners save fuel and reduce emissions. There are seven different elements to the services which can be adopted individually or as a complete package. The seven services are: auditing to ISO14001 Envir
Global Diving & Salvage, Inc. announces the acquisition of a Saab Seaeye Falcon ROV, adding substantial capacity to their existing fleet of underwater vehicles. The Falcon, depth rated to 1000 feet, will be fully outfitted with manipulator, high resolution color and black and white cameras, fast sca
Banambu Deep well is expected to commence drilling in mid-May, 2012, Cue Energy Resources reports. The well is located within the WA- 389-P permit, Carnarvon Basin, offshore Western Australia. The well operator is Woodside as a result of a farm-out agreement announced on 13 th July, 2010. Woodside i
On April 24th the Qingshan Shipyard (China) held christening and delivery ceremony for 57,000 dwt bulk carrier FESCO Stavropol. This fourth ship delivered to FESCO Transport Group closes the current orderbook at this shipyard. FESCO Stavropol is the single-screw, single continuous deck motor ship wi
Current CFO of Concordia Maritime AB moves on to a new and interesting position in the company’s principal shareholder, Stena AB. Appointed new CFO is Ms Anna Forshamn, who will take up her position on 1 May. Anna comes from a position as Group Financial Controller and Group Pensions Manager at Sten
Leading specialist subsea services group Acteon has appointed Lester Clark as vice president. Lester has more than 20 years of industry experience and joins Acteon from Baker Hughes, where he was director for drilling systems in the Russia Caspian region. This involved leading a multidisciplinary te
Eni, the international oil and gas company based in Italy, today announces its group results for the first quarter of 2012. The Italian oil giant reported first quarter 2012 net profit of €3.62 billion (USD 4.77 bln), a 42% increase when compared to the same period in 2011 when it recorded a net pro
