Business & Finance
JBA Joins THMA for Stronger Industry Foothold
JBA Consulting, a UK scientific and engineering consultancy firm, has signed a membership agreement with Team Humber Marine Alliance (THMA) to strengthen its expansion into the marine, maritime and offshore sectors across the Humber region.
DONG Energy Allocates First Walney Extension Skills Fund
DONG Energy has revealed details of its Walney Extension community skills fund which will invest GBP 100,000 a year for the next 25 years into equipping people to work in engineering industries in the coastal areas of Lancashire and Cumbria.
The Crown Estate Appoints Energy, Minerals and Infrastructure Portfolio Advisors
The Crown Estate has awarded the legal mandate to advise its Energy, Minerals and Infrastructure businesses to Hogan Lovells International LLP and Bond Dickinson LLP.
European Commission Clears ABB’s High Voltage Cable Business Sale to NKT
The European Commission has cleared unconditionally under the EU Merger Regulation the proposed acquisition of ABB’s high voltage cable business and power cable accessories business by nkt after concluding that the merged entity would continue to face effective competition in Europe.
LM Wind Power Sees Near Ninefold Increase in Annual Net Profit
Danish blade designer and manufacturer LM Wind Power reported EUR 51.7 million net profit for the Fiscal Year 2016, a 776 per cent increase compared to EUR 5.9 million net profit recorded in FY 2015 driven by higher sales and better operating performance.
Maryland PSC Schedules Public Hearings on Offshore Wind Projects
Maryland’s Public Service Commission will hold two public hearings on two offshore wind farm projects proposed by US Wind and Deepwater Wind in March.
DONG Energy Pitches Hornsea Three Onshore Cable Route
DONG Energy has published an indicative area in which the cables carrying clean electricity from its proposed Hornsea Project Three offshore wind farm could be located, and is seeking feedback from local communities in Norfolk. Hornsea Project Three is a 2.4GW project that if built out to capacity
Eidesvik Offshore Sells Viking Poseidon
Eidesvik Offshore has entered into an agreement for the sale of its vessel Viking Poseidon with a buyer which the company left unnamed.
HSM Offshore and Heinen & Hopman Team Up on Borkum Riffgrund 2 OHVS
Dutch offshore structures manufacturer HSM Offshore has contracted compatriot Heinen & Hopman to fabricate and install the HVAC (Heating, Ventilation and Air Conditioning) system for the 450MW Borkum Riffgrund 2 Offshore High Voltage Substation (OHVS) to be installed in the German North Sea in 2018.
DORIS Engineering Sets Up Renewables Unit
DORIS Engineering, headquartered in France, has established DORIS Renewables, a business unit dedicated to alternative energies.
Rhenus Opens UK Supply Bases
Berlin-headquartered logistics services provider Rhenus Offshore Logistics is starting up its operation of two new offshore supply bases at the ports of Great Yarmouth and Aberdeen in the UK.
Top News of the Week, 20 – 26 February 2017
Shell Eyes More Action in European Offshore Wind The Netherlands-based oil and gas giant, Shell, is looking to get on board further projects across Europe as it aims to dive deeper into the offshore wind market. Hywind Foundations On a Roll (Photos) The Navantia-Windar team has started the roll-out
BAM Nuttall Hired for Beatrice Wick O&M Base Works
UK civil construction company BAM Nuttall has been appointed as the principal contractor for the renovation works on two buildings at Wick Harbour, where Beatrice Offshore Windfarm Ltd (BOWL) will set up the O&M base for the Beatrice offshore wind farm.
Fugro Hit by O&G Downturn, Offshore Wind Softens the Blow
Fugro today reported a net loss of EUR 309 million and 1,430 jobs lost in 2016, due to low activity in the oil and gas sector. The company’s revenue amounted to EUR 1.8 billion, a 22.7% decline from the EUR 2.4 billion reported for 2015. However, offshore wind has brought several projects to the com