Carnegie Wave to Receive R&D Funding (Australia)

Carnegie Wave to Receive R&D Funding (Australia)

Wave energy developer Carnegie Wave Energy Limited (ASX: CWE) announces that it expects to receive a cash payment under the new Australian Federal Government’s Research and Development Tax Incentive of approximately $1.1m in the coming weeks.

The new Research and Development (R&D) tax incentive replaced the R&D tax concession from 1 July 2011. The new legislation provides annual cash refunds (refundable tax offsets) of 45% on qualifying R&D expenditure benefiting eligible R&D entities such as Carnegie.

In the year ended 30 June 2012 Carnegie incurred qualifying R&D expenditure qualifying Carnegie for refundable tax offsets. Carnegie then successfully registered with AusIndustry, the administrator of the scheme and has now lodged the R&D tax return with the ATO. Carnegie is now poised to benefit from this new legislation through an expected $1.1m cash refund in the coming weeks. The cash refund is in addition to existing Government project grant funding.

Carnegie will continue to benefit from the new legislation in the current and future financial years and from 1 January 2014 Carnegie will become eligible for quarterly cash refunds. The new legislation also allows for R&D work to be carried out overseas under certain circumstances.

Press Release, October 09, 2012

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FPSO Europe Congress

 

Pursuing Cost-Optimization & Project Excellence across Europe’s FPSO Value Chain!

Launched to great success in 2015, the FPSO Europe Congress is set to return on 24-25 February 2016 in London for yet another exciting gathering of Europe’s leading oil operators, FPSO contractors, EPCs, shipyards and solution providers to discuss the most topical and critical FPSO developments in the North Sea, Latin America, Brazil and West Africa market.

 

Why Attend the 2nd Annual FPSO Europe Congress?

  • Discover how FPSO leaders are embracing the new realities of a low oil price environment – what are the strategies to adopt in pursuit of viable economical FPSO projects?
  • Brainstorm with industry experts on innovative FPSO engineering, construction and technology breakthroughs leading to significant CAPEX and OPEX savings
  • Review, refine and optimize your existing FPSO operations – how can we enhance oil recovery and extend FPSO asset lifetime?
  • Learn from FPSO experts on the ins-and-outs of delivering successful FSPO projects in North Sea, West Africa, Latin America and Brazil – how can we comply with local content and form effective native partnerships?
  • Engage and form sustainable partnerships with European-based oil companies and FPSO contractors that are leading offshore E&P and FPSO projects in the region

 

2016 FPSO Distinguished Speakers Include:

  • Curtis Lohr, Stones Project Manager, Shell
  • David Hartell, Senior Development Manager, Premier Oil
  • Terry Hughes, Project Director, Tullow Oil
  • Sid Sircar, Facilities Delivery Manager – Catcher Development, Premier Oil
  • Michael Wyllie, Group Technology Director, SBM Offshore
  • Chris Brett, President, Teekay Offshore
  • Puneet Sharma, Vice President, MODEC
  • Eirik Barclay, CEO, Yinson Production

 

The FPSO Europe Congress 2016 is proud to bring you an updated program offering fresh perspectives, creative solutions and critical market intelligence fundamental to FPSO business sustainability as we discuss just HOW and WHAT you can do in pursuit of a viable, efficient and safe FPSO strategy.

For more information please visit the website at http://goo.gl/uvYsrk or email rani.kuppusamy@fpsonetwork.com

 

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Topsides, Platforms & Hulls Conference & Exhibition is the offshore industry’s only event dedicated to the topsides, platforms and hulls…

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Optimising offshore substructures is one of the key challenges for reducing LCOE. Foundation designers have produced a variety of different solutions: monopiles, GBS, jackets, suction buckets and floating foundations. Looking at U.K. projects – different soils, water depths,fabrication timelines and installation challengescreate many questions for the industry to solve. We’re entering uncharted territory; projects arelarger, farther and more complex than ever completed.

Now is the time to have a close look at lessons learnt and define the room for improvement for the U.K. wind industry.

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