Business & Finance
Samsung Merges Its Heavy Industries and Engineering
Samsung Heavy Industries (SHI) has officially announced that it will merge with Samsung Engineering Co., Ltd, the first and largest engineering company in Korea. The merger between Samsung Heavy Industries and Samsung Engineering was decided during their board of directors meeting on September 1 to
Cape Wind Nearing Construction, Appeals Cannot Impact Schedule
Even though the Cape Wind project, the first proposed offshore wind farm in the U.S., is fully permitted and nearing completion of the project financing phase, its opponents are putting their last efforts into preventing the installation of wind turbines off the coast of Cape Cod, Massachusetts. Opp
Motion Compensated Helideck Stirs Offshore Industry’s Interest
Following the recent announcement that Barge Master and Bayards are working together on designing a Motion Compensated Helideck (MCH), the system has already raised quite an interest from the offshore energy industry. Engineer on the MCH project, Robert Valk and Karien Hofhuis, Barge Master’s Market
ETI Awards GBP 7.5 Mln to Atlantis
Atlantis, owner of the world’s largest planned tidal stream energy project, MeyGen, has been awarded a £7.5 million two year contract with the UK’s Energy Technologies Institute (“ETI”) to deliver a multi-turbine foundation structure which will support a further two turbines at the Atlantis-owned Me
Siemens Halts Skerries Project Development
Siemens halted development of tidal energy 10MW Skerries tidal array two months after UK Government withdrew £10m. The company said in its statement: “Following discussion with our partners we have decided to suspend our work on the Skerries Tidal Array Project in Anglesey, Wales.” Siemens has been
Inverlussa Appoints Commercial Manager
Inverlussa Marine Services has announced the appointment of Hazel Phillips to the newly-created company post of Commercial Manager. With a wealth of experience in the world of marine support services, Mrs Phillips, 58, will be tasked with helping to steer Inverlussa en route to further expansion. Be
Humber Ports Play Central Economic Role
Official Government trade statistics have confirmed the central role that the Humber ports in general and Immingham in particular play in the economic life of the region and country. The figures show an increase in tonnage handled at Grimsby and Immingham in 2013 to 62.6 million tonnes, a 4% increas
International Cooperation on New Offshore Wind Technology
DONG Energy successfully installed the world’s first offshore wind turbine foundation based on the Suction Bucket Jacket (SBJ) technology. Until now, most offshore wind turbines are founded on monopiles. DONG Energy has installed the first jacket with suction buckets as a proof-of-concept full-scale
Maersk Training Story: Carload of Hopes
When you believe in something, how far would you go to sustain that belief? Maersk Training has released a story about three men making every effort to grab one of the opportunities that the renewable energy industry offers. At 27 Jonny Chung has already put his money where his mouth is. In the past
NaiKun Reports Quarterly Results
NaiKun Wind Energy Group Inc. released its financial results for the three months ended June 30, 2014, a fiscal period in which the Company continued to explore ways to forward the NaiKun Wind Project while controlling its costs. A substantial restructuring was undertaken in the third quarter of fis
Mott MacDonald Advises Lenders on Westermeerwind Project
The 144MW Westermeerwind wind farm in the north east polder of the Netherlands recently reached financial close. Mott MacDonald is lenders’ technical advisor to ING Bank N.V. and Eksport Kredit Fonden for the project, which requires a total investment of over €400 million of which €320 million will
Dong Energy, Nexans Close Another Offshore Wind Cable Deal
On July 1, Dong Energy and the Nexans signed another framework contract, this time for the delivery of up to 1,750 kilometers of submarine cable for wind farms off the UK coast. The cables are used for connecting the wind turbines with each other and for their connection to an offshore transformer p
Wind Power and E&P Up Dong’s Results
The Board of Directors of Dong Energy A/S today approved the interim financial report for H1 2014.
US Company Raising Funds to Develop Wave Energy Device
A wave energy developer based in Santa Fe has raised USD 100,000 and has USD 650,000 to go, in order to develop and install its wave energy system. Atmocean plans to install the world’s first commercial wave-energy power plant in Peru. This week, the company’s CEO Phil Kithil confirmed to US media t