Business & Finance
Tidal Energy to Benefit from Oil and Gas Turbulence
Despite the lower prices of hydrocarbons, lower drilling activity in the North Sea could benefit marine renewables. The drop in the drilling activities in UK’s North Sea caused the reduction in day rates for the offshore contractors, as well as under-employment in the sector, Proactiveinvestors repo
RI Delegation Allocates Funds for Marine Resources
U.S. Senators Jack Reed and Sheldon Whitehouse and Congressmen Jim Langevin and David Cicilline have announced over $1.6 million in federal funding from the National Oceanographic and Atmospheric Administration (NOAA) for the Rhode Island Sea Grant Program. Rhode Island Sea Grant will use the funds
ABB Increases Orders in Germany
Despite the difficult market environment, the German ABB performed well in the 2014 financial year. The company booked 2.4 per cent more orders in the home market over the previous year increasing the ration of all orders secured from Germany to 53 per cent. On the other hand, the total order intake
Deutsche Windtechnik Upgrades; Offshore Wind Monitoring Enabled
After months of intensive preparations, conversion work and test runs, Deutsche Windtechnik’s 24/7 remote data monitoring will now be housed in new spacious premises with technically well equipped workstations. The specific aim of the conversion was to create the necessary technical and safety condi
GDF SUEZ Decentralizing to Boost Efficiency
GDF SUEZ has decided to launch an ambitious enterprise project to implement its business strategy more quickly and meet the demands of a rapidly changing energy environment, the company said yesterday in a press release. This plan, by rooting GDF SUEZ more firmly in its local areas and thus ever clo
ETV Bodies to Collaborate at Sustainability Live Event
The UK’s Environmental Technology Verification (ETV) bodies are collaborating at the leading conference and exhibition for innovative energy and sustainability management in the UK. The European Marine Energy Centre (EMEC) will join BRE Global, WRc plc, and the National Physical Laboratory (NPL) at
Ecosse Triples Profit
Ecosse Subsea Systems Ltd (ESS) more than trebled profits to £3.4 million and increased revenue by 88% to £15.6 million according to its latest published accounts. The Aberdeenshire-based subsea engineering specialist attributed the phenomenal growth to a diversification from its traditional oil and
Renewable Energy Investments Up 17 Pct
Global investments in renewable energy rebounded strongly last year, registering a solid 17% increase to $270 Billion in 2014 after two years of declines and brushing aside the challenge from sharply lower crude oil prices. According to UNEP’s 9th annual Global Trends in Renewable Energy Investment
EDF Backs Redcar Development Trust
Redcar Development Trust (RDT) has hired a community engagement specialist as it bids to secure extra cash that will allow new schemes in the area to get off the ground. Development worker Pippa Ware was appointed after RDT secured extra funding for the post in the form of a grant from the Teesside
Germany Leading Renewable Energy Deployment, Says IRENA
The global energy elite gathered last week in Berlin to discuss progress and chart new direction in the ongoing global transition to renewable energy. The two-day Berlin Energy Transition Dialogue – towards a global Energiewende brings together energy policy experts and representatives of politics,
Siemens Improves Granada Material Handling’s Operations
Industrial lifting company Granada Material Handling (GMH) has partnered with Siemens to improve its sea operations serving offshore wind turbines around the UK coast. GMH was using a ‘marinised’ version of a standard winch and decided to redesign from the ground up to provide a more tailor-made sol
Fred. Olsen Windcarrier to Install Veja Mate Turbines
Siemens AG has awarded Fred. Olsen Windcarrier the contract for the transport and installation of 67 Siemens 6MW wind turbines at the Veja Mate 400MW wind farm. Construction is expected to start in early 2017. Martin Degen, Commercial Manager for Fred. Olsen Windcarrier said: “We are delighted to be
Ampelmann Names New CEO
Ampelmann, a specialist in motion compensated access solutions, today announced that the Supervisory Board has appointed Jim Craig as Chief Executive Officer effective immediately. The industry expertise of Jim Craig will ensure the further successful development of the company. Mr. Craig brings mor
World’s First Offshore Wind Fund Reaches Close
The UK Green Investment Bank plc (GIB) has announced that its FCA regulated subsidiary, UK Green Investment Bank Financial Services Limited (GIBFS), has reached first close on commitments of £463m on its planned £1bn fund to invest in operating offshore wind farms in the UK. First close marks the co