Fluor Corporation has announced financial results for its third quarter ended September 30, 2012. Net earnings attributable to Fluor for the third quarter were $145 million, or $0.86 per diluted share, compared with $135 million, or $0.78 per diluted share in the third quarter of 2011. Segment profi
Wave energy’s great potential to surge in the UK’s and Scottish energy mix gave Pelamis Wave Power Ltd. a push to discuss partnership with a number of companies in order to expand its business. Founder and director of the wave energy developer, Richard Yemm, told Bloomberg that the company is prepar
Trident Energy, the independent developer of generator solutions for the offshore renewable energy industry, today announces the close of a funding round with new investors and existing shareholders. The new investment comes from the Low Carbon Innovation Fund (LCIF) and members of the London Busine
Carnegie Wave Energy Limited Chairman, Grant J Mooney, releases the following statement for the shareholders: Since we last met in 2011, Carnegie has continued to progress towards development of the Perth Wave Energy Project off Garden Island, here in Western Australia. In an era when global financi
The additional 2.4 billion budgeted for renewable energy by the new Dutch Rutte II cabinet should be sufficient to realise 16% renewable energy in 2020. This calls for a balanced development of renewable heat, green gas and renewable electricity. The previous cabinet focused on renewable heat as a c
This week, SgurrEnergy announced the opening of two new international offices, bringing its total number of global offices to nine. With headquarters in Glasgow, Scotland, these recent developments see the company’s reach extend to Norway and Brazil with plans for further growth in Germany in 2013.
The Board of Directors of DONG Energy has today approved the interim financial report for the first nine months of 2012 with the following outlook and financial highlights compared with the first nine months of 2011: EBITDA for the first nine months of 2012 was DKK 6.7 billion compared with DKK 11.7
After a long career of nearly 40 years COO P.H.G. (Peter) de Ridder will be leaving Van Oord to retire on 1 January 2013. The Supervisory Board of Van Oord has, in consultation with the Executive Board, decided to strengthen the Executive Board with two Van Oord members. J.B.E.M. (Joep) Athmer (57)
According to data compiled by Preqin, the leading provider of intelligence on alternative investments, and analysed by Pinsent Masons, the international law firm, the value of venture capital-backed deals in the UK renewable energy market has doubled during 2012. Figures from Preqin indicate that th
Global-leading energy industry bodies Subsea UK and OPITO have each been awarded part of a £2million fund aimed at attracting vital new entrants into the industry and helping people to diversify their skills. Scotland’s leading diver training facility, The Underwater Centre in Fort William, has also
A boat with suspension inspired by Paris Dakar-winning rally cars that can remain stable and a ‘seahorse’ vessel consisting of a towering keel that minimises movements in the ocean swell are two of the six innovative concepts that will receive further funding from the Carbon Trust’s Offshore wind Ac
Vattenfall is reporting an underlying operating profit for the nine-month period 2012 that is nearly on par with 2011 for continuing operations – despite a challenging market. The industry is under continuous pressure from overcapacity, low prices and low margins, especially for electricity generati
Leading classification society ABS officially inaugurated the ABS Korea Energy Technology Center (KETC) in Busan, South Korea, on 19 October 2012. ABS President and CEO Christopher J. Wiernicki joined senior representatives of the Korean shipping and shipbuilding sectors and academia to celebrate th
WIND and Oceanteam Shipping have announced the establishment of their new joint venture OceanWind Cable Storage Solutions. OceanWind aims to facilitate the submarine cable industry by offering its clients a full and integrated range of services comprising cable storage, cable handling, and cable tra
