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Business & Finance

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Vattenfall Warns That Offshore Wind Industry Needs to Reduce Costs or Risk Dying Out (UK)
Business & Finance

Vattenfall Warns That Offshore Wind Industry Needs to Reduce Costs or Risk Dying Out (UK)

KENTISH Flats operator Vattenfall has warned that the offshore wind farm industry must reduce its costs or risk “dying out.” Speaking at a wind energy event in London on Tuesday, Ole Bigum Nielsen, who heads the UK offshore operations, told the audience: “I think we all agree we have to lower the co

about 15 years ago
Flexlife Wins Award for Significant Contribution to Subsea Pipeline Technology (UK)
Business & Finance

Flexlife Wins Award for Significant Contribution to Subsea Pipeline Technology (UK)

Subsea specialist flexlife has been named as winner of the Pipeline Industries Guild award for Significant Contribution to Subsea Pipeline Technology at the 54th National Dinner held in London this week. The award recognises the advances made by flexlife’s ultrasonic scanning technology and the work

about 15 years ago
CTO of Sigma Offshore to Speak at Key Event for Oil and Gas Production Vessels in Singapore
Business & Finance

CTO of Sigma Offshore to Speak at Key Event for Oil and Gas Production Vessels in Singapore

A worldwide authority on the offshore industry will be one of the speakers at a key event for oil and gas production vessels in Singapore next week (March 15-16, 2011) David Galbraith, chief technology officer at Aberdeen-based Sigma Offshore, will give a presentation at the third annual Asia-Pacifi

about 15 years ago
The Netherlands: Ballast Nedam Announces Annual Results for 2010
Business & Finance

The Netherlands: Ballast Nedam Announces Annual Results for 2010

CEO Theo Bruijninckx about 2010: ‘We have produced a creditable profit in 2010 in a market that has already attracted enough comment. (istockanalyst) [mappress] Source: istockanalyst, March 11, 2011

about 15 years ago
German Heavy Lift Specialist SAL Puts MV ‘Lone’ Vessel into Service
Business & Finance

German Heavy Lift Specialist SAL Puts MV ‘Lone’ Vessel into Service

SAL Schiffahrtskontor Altes Land puts ‘Lone’ into service .She perfectly resembles her sister, is just as strong and can be positioned to maximum precision. Just three months after the German-based heavy-lift shipping company has sent the MV ‘Svenja’ – the world’s largest heavy-lift vessel – on its

about 15 years ago
Nigeria: Camac Posts Net Loss of USD 35.6 Million for 4Q 2010. Provides Operational Update.
Business & Finance

Nigeria: Camac Posts Net Loss of USD 35.6 Million for 4Q 2010. Provides Operational Update.

CAMAC Energy Inc. , a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced a net loss of $35.6 million, or $0.25 per diluted share for the quarter ended December 31, 2010. This includes estimated Oyo well #5 intervention expenses incurred i

about 15 years ago
New CEO Appointed for AVANTI (Denmark)
Business & Finance

New CEO Appointed for AVANTI (Denmark)

Erik Laursen, 49, is to become new CEO at Avanti Wind Systems. Erik Laursen comes from a position as Senior Vice President at Terma Aerostructures. He has previously been Vice President of Bosch Rexroth Wind Energy in Germany, Managing Director for Vestas Australia and Senior Vice President for NEG

about 15 years ago
New CEO Appointed for AVANTI (Denmark)
Business & Finance

New CEO Appointed for AVANTI (Denmark)

Erik Laursen, 49, is to become new CEO at Avanti Wind Systems. Erik Laursen comes from a position as Senior Vice President at Terma Aerostructures. He has previously been Vice President of Bosch Rexroth Wind Energy in Germany, Managing Director for Vestas Australia and Senior Vice President for NEG

about 15 years ago
Germany: Fairplay Towage Chooses Stratos’ Communication Technology
Business & Finance

Germany: Fairplay Towage Chooses Stratos’ Communication Technology

Stratos Global, the leading global provider of advanced mobile and fixed-site remote communications solutions, today announced it is deploying the Inmarsat FleetBroadband satellite communications service on six deep-sea tugboats in Fairplay Towage’s fleet. Deployment on four of the vessels already h

about 15 years ago
Newton Labs Introduces New Underwater Laser Scanner (USA)
Business & Finance

Newton Labs Introduces New Underwater Laser Scanner (USA)

Time-efficient surveys and precise measurements of larger underwater facilities, from bridge and pier substructures to smaller, submerged piping and valve assemblies are now possible with a new underwater laser scanner, the M300UW developed and manufactured by Newton Labs of Seattle, Washington. The

about 15 years ago
Norway: Decision Regarding Activity off Lofoten and Vesteralen Has Yet to be Taken
Business & Finance

Norway: Decision Regarding Activity off Lofoten and Vesteralen Has Yet to be Taken

The Norwegian government decided on 11 March to gather more facts relevant to a possible future impact assessment for Lofoten and Vesterålen. At the same time the government has decided not to carry out an impact assessment for the duration of the current Storting. “The government’s decision is not

about 15 years ago
Dong Energy Announces Financial Results for 2010 (Denmark)
Business & Finance

Dong Energy Announces Financial Results for 2010 (Denmark)

— EBITDA was up DKK 5.3 billion (59%) at DKK 14.1 billion, reflecting higher energy prices, higher electricity generation, higher gas sales and lower fixed costs. — Profit for the year was DKK 4.5 billion against DKK 1.1 billion in 2009. — Cash flows from operating activities were DKK 14.2 billion c

about 15 years ago
Salvage & Marine Operations Announces Tender for ROV Services (UK)
Business & Finance

Salvage & Marine Operations Announces Tender for ROV Services (UK)

Salvage & Marine Operations promotes tender for ROV services in the Bath area of UK. The Ministry of Defence has a requirement to recover debris from the seabed following an equipment trial. A DP2 ROV support vessel fitted with a work class ROV and crane (capacity 5t) capable of working in water dep

about 15 years ago
STATS Expanding to Asia Pacific Region. Opens Singapore Office
Business & Finance

STATS Expanding to Asia Pacific Region. Opens Singapore Office

Pipeline engineering specialist, STATS Group, is expanding in to the Asia Pacific region with the appointment of Chris Lilley as business development manager in Singapore. The Aberdeen isolation and intervention technology company has recently secured a number of key contracts in Asia and believes c

about 15 years ago
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