Category archives for: Featured

TenneT Reports Solid Financial Results

TenneT Reports Solid Financial Results

High-voltage transmission grid operator TenneT continued to provide very high system reliability (99.9999%), benefiting 36 million end-users in the Netherlands and Germany. Financial results in the first half of 2014 were solid. Increases in revenue and EBIT kept pace with the company’s ongoing investments in grid reinforcements and expansions. Importantly, the Dutch Minister of Economic […]

Work on Scottish Subsea Link Moves Forward

Work on Scottish Subsea Link Moves Forward

The UK’s most challenging rural broadband project is taking another step forward as engineers start work on the country’s longest publicly funded subsea fibre connection linking the Outer Hebrides with the mainland. Local community representatives joined project partners as the cable was brought ashore from specialist cable ship the Rene Descartes, operated by Orange Marine, […]

Western Link Cuts Prysmian’s 2014 Profit Projections

Western Link Cuts Prysmian’s 2014 Profit Projections

The Board of Directors of Prysmian S.p.A. has approved the Group’s consolidated results for the first half of 2014. Group Sales amounted to €3,287 million compared with €3,504 million in the first half of 2013, posting organic growth of +1.3%, assuming the same group perimeter and excluding metal price and exchange rate effects. Without the […]

Ithaca Completes Acquisition of Three UK Producing Oil Fields

Ithaca Completes Acquisition of Three UK Producing Oil Fields

Ithaca Energy Inc. reports that, further to the announcement made on 23 June 2014, it has now completed the acquisition of the three UK producing oil field interests from Sumitomo Corporation (“Sumitomo”). Ithaca has acquired Summit Petroleum Limited (“SPL”), a subsidiary company of Sumitomo, which holds the Cook (20.00%), Pierce (7.48%) and Wytch Farm (7.43%) […]

Akademik Tryoshnikov Begins Kara-Summer 2014 Arctic Field Expedition

Akademik Tryoshnikov Begins Kara-Summer 2014 Arctic Field Expedition

The research and development expedition to investigate ice and metocean conditions in the Russian Arctic organized by The Arctic Research and Design Center (the Rosneft and ExxonMobil JV) with the support of Arctic and Antarctic Research Institute experts has started in the White sea. Scientific research vessel Akademik Tryoshnikov departed the Arkhangelsk port to move […]

EMGS Secures Multi-Client Job Off Faroe Island

EMGS Secures Multi-Client Job Off Faroe Island

Electromagnetic Geoservices ASA (EMGS) has received an agreement worth $4.3 million for multi-client data offshore the Faroe Island. The agreement includes both late sales of the existing multi-client dataset acquired by EMGS in 2012 (the Brugdan-Rosebank Line) and pre-funding of an extension of the existing dataset. The new data is expected to be acquired in […]

CGG to Downsize Its Fleet

CGG to Downsize Its Fleet

CGG has announced its non-audited 2014 second quarter results. Reported revenue was at $689 million, compared to $1.032 million same time last year. Restructuring measures implemented in 2014: – Marine fleet reduced to 13 seismic vessels by end 2014. 1 vessel already decommissioned, 1 vessel retired from the seismic market, 2 vessels de-rigged and 1 permanently […]

IHC EB’s Pipe-Lay Tower En Route to Rotterdam

IHC EB’s Pipe-Lay Tower En Route to Rotterdam

On Thursday, a 45m high pipe-lay tower belonging to IHC Engineering Business (IHC EB) has left the Port of Tyne destined for Rotterdam. The bespoke construction has towered over the Port since November 2013. In a complex operation lasting over 24 hours the tower was loaded aboard the Meri heavy load vessel which will deliver […]

Osiris Launches Support Base in Grimsby

Osiris Launches Support Base in Grimsby

Osiris now has the capability to support East coast offshore renewables customers locally through a new shoreside support base in Grimsby. The Port of Grimsby East was chosen due to significant investment made in the area in recent years and the growing presence of renewable energy companies as an attractive location to service their wind […]

Plans for Rhiannon Wind Farm Fall Trough

Plans for Rhiannon Wind Farm Fall Trough

Council Leader, Councillor Ieuan Williams, has expressed disappointment that plans to develop a large scale wind farm off the Anglesey coast will no longer go ahead. The proposed 2.2GW Rhiannon Wind Farm, developed by Celtic Array Ltd. (a joint venture ownership of DONG Energy and Centrica), would have been located some 12 miles off the […]







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