Business & Finance
UK: Centrica Releases Interim Management Statement
Against a backdrop of sustained cold weather and periods of higher commodity prices, Centrica has performed well in the year to date. This strong performance enables the business to continue to invest in customer service and price competitiveness and full year earnings growth is expected to be in li
SeaEnergy Investigates Opportunities for Scottish Fishing Vessels in Offshore Wind Industry
SeaEnergy PLC undertakes a study on behalf of Scottish Enterprise and Marine Scotland, into the potential demand for and use of converted fishing vessels to support the offshore wind industry. In support of the Scottish Government’s policy of developing the offshore renewable energy capacity in Scot
UK: SeaRoc, McLaughlin & Harvey Partner Up to Support Tidal and Wave Energy Projects
International marine engineering companies SeaRoc and McLaughlin & Harvey have today announced a partnership to provide construction, installation and operation & maintenance services to tidal and wave energy developments. The companies have highly complementary competencies and capabilities and ove
Eekels Joins Northern Netherlands Offshore Wind
Eekels (a part of TBI), a company specialised in electrical and mechanical engineering, has joined Northern Netherlands Offshore Wind (NNOW). Offshore wind is becoming increasingly important in the production of sustainable energy. This development offers great opportunities for the business sector
Energy Skills Scotland Announced with Double Funding
A doubling of planned funding to improve oil and gas training facilities and develop other energy sector skills courses has been announced by the First Minister. Led by Skills Development Scotland and located at Robert Gordon University, Energy Skills Scotland (ESS) is being backed by an investment
Tekmar Announces GBP 1 Million Investment in Facilities and Job Creation (UK)
Tekmar, the leading subsea technology company, has announced a £1million investment programme, which will more than treble the size of its North East England facility and create in excess of 30 new jobs. The Newton Aycliffe-based company is the market leader for the supply of offshore wind cable pro
UK: Ofgem Appoints New Interim CEO
Ofgem has appointed Andrew Wright as interim Chief Executive, effective from 28 June. The appointment will ensure continued strong leadership within Ofgem when current Chief Executive, Alistair Buchanan, steps down from his role on 27 June. A decision on the permanent replacement will be taken by th
HiDef Wins Two German Offshore Survey Contracts
HiDef Aerial Surveying have strengthened their position in the European market with two new German offshore contracts. New orders include consenting surveys for Dong Energy consultant, BioConsult, as well as baseline data acquisition for the University of Kiel. Both contracts will provide marine bir
Hafren Power Names Delivery Team Companies for Severn Barrage (UK)
Hafren Power said today that five major global companies spanning engineering, construction, project management and logistics are working with it on its proposal to build a £25 billion, 18km (11 mile) electricity generating barrage across the Severn estuary. Arup, Bechtel, DHL, Mott MacDonald and UR
Denmark: Vestas EBIT Up 8.6 Pct
Vestas maintains its full-year guidance and the focus on cost reductions, low investments and increased capacity utilisation continues. In the first quarter of 2013, Vestas generated revenue of EUR 1,096m – a decrease of 1 per cent to the year-earlier period. EBIT before special items increased by E
Norway: Sheringham Shoal Boosts Statkraft Operating Profit
In the first quarter of 2013, Statkraft achieved an underlying operating profit before depreciation (EBITDA) of NOK 4180 million, on par with the corresponding quarter in 2012. Negative currency effects resulted in a net profit of NOK 443 million, compared with NOK 3430 million in the first quarter
Australia: Carnegie Wave Energy Receives First Payment for CETO Seawater Desalination Plant
Wave energy developer Carnegie Wave Energy Limited (CWE) announces that it has received $142,692 as the first payment of its $1.27m AusIndustry grant to support a CETO Seawater Desalination Demonstration Pilot Plant. The first and subsequent grant payments support the design, construction and operat
Germany: Global Investment in Offshore Wind Power to Rise to EUR 130 Billion by 2020
In their new study entitled “Offshore Wind Toward 2020 – On the Pathway to Cost Competitiveness“, the experts at Roland Berger Strategy Consultants state that they expect Europe to have installed offshore wind capacity of 40 GW by 2020. In the same year, global investment to ramp up offshore wind po
Scottish Enterprise Awards SHI with GBP 6.04 Million for Offshore Wind Project
Scottish Enterprise has awarded Samsung Heavy Industries (SHI) £6.04million POWERS funding to support the development of its latest 7MW Offshore Wind Turbine prototype at the Energy Park in Fife. This award will support an intended total investment of £100 million in Scotland, which SHI announced la