Abu Dhabi-based Gulf Marine Services (GMS) has turned down a USD 32 million takeover offer from Seafox International saying that the offer ”fundamentally undervalues GMS”. As reported earlier, Seafox submitted an unsolicited and non-binding possible cash offer for the entire issued and to be issued
Sparrows Group has achieved the United Kingdom Accreditation Service (UKAS) accreditation for its global offshore and onshore inspection activities. Sparrows has been accredited for the provision of thorough examination of lifting equipment under LOLER 98, inspection of work equipment under PUWER 98
The Netherlands-based C-Ventus Offshore Windfarm Services BV has started the setup of a new branch office in Taiwan, as well as branch developments in Japan. The company currently operates on 17 Offshore Windfarms in six countries and is looking to expand its foothold beyond Europe. C-Ventus has als
The offshore wind farms developed and owned by Spain-based Iberdrola have produced 1,119 gigawatt-hours (GWh) during the first quarter of 2020. Iberdrola’s total installed offshore wind capacity stood at 1,174 MW on 31 March. In the United Kingdom, the company’s offshore wind farms generated 680 GWh
Dutch jack-up owner and operator Seafox has placed an unsolicited and non-binding proposal to acquire the Gulf Marine Services PLC (GMS). Seafox made a possible cash offer for the entire issued and to be issued share capital of GMS by a wholly-owned subsidiary of Seafox, at a value of USD 0.09 per G
Innogy has launched a recruitment process for a new wind turbine technician apprenticeship dedicated to the Triton Knoll offshore wind farm. The recruitment drive comes as innogy pilots a national apprenticeship hub at Coleg Llandrillo, part of Grŵp Llandrillo Menai, in North Wales, where 30 apprent
The Horns Rev 3 offshore wind farm has driven up the figures in Vattenfall’s wind business unit’s results for the first quarter of 2020. Namely, the company has reported an increase in net sales and underlying operating profit for its Wind Business Area. The significant Q1 earnings improvement is a
Ørsted’s offshore wind development projects in the US are moving forward at a slower pace than originally expected, the company’s CEO and President Henrik Poulsen said. The delays are due to a combination of the Bureau of Ocean Energy Management’s (BOEM) prolonged analysis of the cumulative impacts
Leading offshore wind developer Ørsted reported an operating profit (EBITDA) of DKK 6.8 billion (EUR 912 million) for the first quarter of 2020, a 33 percent increase compared to the same period the year before. Net profit amounted to DKK 3.3 billion and return on capital employed (ROCE) came in at
Masdar Energy UK, a wholly-owned subsidiary of Masdar, has refinanced its stake in the 630 MW London Array offshore wind farm in the UK. The refinanced debt totalled approximately GBP 466 million in commercial bank debt, maturing in December 2032. Original financing for the project closed in October
MHI Vestas has finalized the contract with Swancor to locally source offshore wind turbine blade materials in Taiwan. According to MHI Vestas, the scope of the contract covers a significant percentage of the direct materials value of overall blade manufacturing, including carbon tow, carbon pultrusi
Fugro and International Ocean Vessel Technical Consultant (IOVTEC) have established a joint business entity in Taiwan. The move follows the companies’ cooperation in the offshore wind sector in Taiwan over the last few years. Fugro and IOVTEC have been serving Taiwan’s emerging offshore wind market
German offshore wind developer wpd has signed an agreement with Taiwan Green Power (TGP) to jointly develop a 600 MW offshore wind project in Taiwan. The wind farm site No. 28 is expected to be part of the third tender round in Taiwan, wpd said. The project is located off the coast of Changhua in [&
The New Jersey Wind Council has released a report detailing plans for creating the Wind Innovation and New Development (WIND) Institute. The WIND Institute will serve as a center for education, research, innovation, and workforce training related to the development of offshore wind in New Jersey and
