Vestas generated first-quarter revenue of EUR 755m, a drop of 32 per cent, achieving an EBIT of EUR (96)m, against EUR 76m in the first quarter of 2009. The EBIT margin thus declined from 6.9 per cent to (12.7) per cent due to the expected very low capacity utilisation. Net working capital stood at
Vestas generated first-quarter revenue of EUR 755m, a drop of 32 per cent, achieving an EBIT of EUR (96)m, against EUR 76m in the first quarter of 2009. The EBIT margin thus declined from 6.9 per cent to (12.7) per cent due to the expected very low capacity utilisation. Net working capital stood at
Chevron Corp. announced that the Perdido deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. According to a release, production from the Great White, Silvertip and Tobago fields utilizing the Perdido hub is expected to reach full capacity of 130,0
Taipei, April 27 The Ministry of Economic Affairs (MOEA) announced Tuesday that it will push a policy of establishing offshore wind power… [mappress] Source: focustaiwan, April 27, 2010;
FMC Technologies, Inc. announced today that it has signed a multi-year frame agreement with BG Norge, a subsidiary of BG Group, to provide subsea systems for offshore projects. The five-year contract includes provisions for two additional five-year extensions. The agreement also includes an immediat
Petrofac, the international oil & gas facilities service provider, has confirmed that its Offshore Engineering & Operations business has secured a new contract with Britannia Operator Limited (BOL). The deal, worth $54 million over five years with a further five year extension option, will see Petro
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, announced today that it has been awarded a contract in the UK sector of the North Sea valued in excess of US $75 million. The Subsea 7 work scope is to engineer, fabricate, install and commission a pipeline bund
Despite a difficult economic climate in 2009, DEME succeeded in strengthening its position on the national and international markets. Thanks to its strategy of geographical spreading and the diversifi cation of its activities (such as dredging, lifting works, offshore-related and environmental activ
Vestas has won the largest single order ever in Vestas’ history for delivery of up to 2,100 MW. The order placed by EDP Renováveis (EDPR), the world third largest wind power company, has been awarded to Vestas after a competitive process launched more than one year ago in Chicago, USA. Today on 26 A
Debt-laden Dutch builder Royal BAM said it had negotiated new covenants and maturities for its loans with banks, paving the way for its planned 250 million euros ($349.5 million) rights issue. Saddled with debt after suffering heavy loses in the property market, the largest listed construction group
Leica Geosystems releases its next-generation, cutting-edge, 3D guidance system for excavating construction machines, Leica PowerDigger 3D. Leica PowerDigger 3D expands Leica Geosystems’ unique PowerSnap concept, which provides total flexibility and interchangeability of machine control… [mappress]
Centrica Energy has received consent to conduct exploration drilling in the Norwegian Sea using the West Alpha semisub. The consent relates to the drilling of exploration well 6407/12-3, which is part of production license 470. The well is located about 126 kilometers north of Kristiansund and ten k
France-based Technip has been awarded a three-year framework contract for the design, fabrication and supply of flexible pipe products for projects in Norway by Statoil. The framework contract will be executed by the group’s operating centre in Oslo, Norway. It covers the supply of flexible risers,
Murphy Oil Corp. announced Wednesday that its contracts with Malaysia allowing offshore exploration on two tracts of land have been terminated, as the land now belongs to Brunei. Malaysia awarded production-sharing contracts to the El Dorado-based company in 2003. But activity in the areas, designat
