Ulstein Group has reported a good result for 2014 with an operating turnover of NOK 2.7 billion (approx. EUR 323 million) and an operating profit of NOK 184 million (approx. EUR 22 million). There was a good market for design and equipment packages during 2014, the company said. ULSTEIN entered into
James Fisher and Sons plc has purchased assets and intellectual property rights of X-Subsea UK Holdings Limited (X-Subsea) for a total consideration of £14.8m. Headquartered in Aberdeen, X-Subsea went into administration on 27 April 2015 following the collapse of its Norwegian parent company Reef Su
TenneT today announced the launch of a Green Bonds issuance programme and an associated Green Bonds Framework. This is the first time that a Dutch non-financial company is putting a green bond framework in place to prepare for euro green bond issuance. The announcement relates to the issuance of Gre
RWE Innogy improved its operating result to EUR 151 million in the first quarter of this year, which is a 56% increase compared to the same period in the previous year. This was largely due to the commissioning of new wind turbines, the company said. For example, the Welsh offshore wind farm Gwynt y
ABPmer has been contracted by the Marine Management Organisation (MMO) to create a Geographical Information Systems (GIS) tool that generates data to map the distribution of man-made continuous underwater noise in the south marine plan areas. The outputs of the tool will improve the MMO’s understand
Moventas will work with Alstom to equip the Raz Blanchard pilot tidal farm in Northern France. In December 2014, Alstom has been chosen to supply for a pilot tidal energy farm in Raz Blanchard, and now Alstom has selected Moventas to develop the tidal turbines’ gearboxes. The Alstom Oceade™ 18 – 1.4
Statoil today announced changes in corporate structure and top management team. The company has appointed new chief financial officer (CFO), and launched business area for New Energy Solutions (NES). Three new executive vice presidents (EVPs) are appointed as members of the corporate executive commi
Waypoint North is a newly established consultancy company specializing in the offshore aviation segment within the Offshore Wind and Oil & Gas industry. “The demand for offshore aviation expertise is expected to increase as offshore wind projects are moving further offshore into harsher marine envir
James Fisher Marine Services (JFMS), part of James Fisher and Sons plc, announces the signing of a strategic agreement with Balfour Beatty to become the exclusive integrated marine service provider for its OFTO asset portfolio in offshore wind farms around the UK. The agreement will see James Fisher
Eolien Maritime France, a consortium made of EDF EN France, Dong Energy Power Holding and WPD Offshore GmbH, has issued an invitation to tender for wind turbine installation on three French offshore wind sites. A contract for each of the three lots will last for six years (72 months) from the date o
PNE WIND Group generated sales totaling euro 15.2 million (previous year: euro 32.9 million), an operating result (EBIT) of euro -6.0 million (previous year: euro -0.8 million) in the first three months of 2015. Martin Billhardt CEO of PNE WIND AG, “With our well filled onshore and offshore project
Carnegie Wave Energy Limited appointed Jeffrey Harding to the role of Chairman of the Board of Directors. Former Chairman, Mr Grant Mooney, will remain as a Non-Executive Director and continue in the role of joint Company Secretary. On his appointment as Chairman, Harding said: “I am delighted to be
Ecosse Subsea Systems (ESS) has acquired MASfab, an English fabrication business, for an undisclosed sum. MASfab provides a range of fabrication, welding and construction services to the oil, gas and renewables sectors. As part of the deal MASfab has been awarded a seven-figure valued contract to ma
With offshore wind farms DanTysk, Nordsee Ost, Borkum and Global Tech I alone, more than 2,000 MW of German offshore wind energy has been installed in the North and Baltic Seas. End of this year will see the installed capacity rise to more than 3,000 MW. This corresponds to the capacity of more than
