Business & Finance
UK: North East Companies Recognize Advantages of Offshore Wind Supply Chain
Offshore wind industry in the North East UK has been recognized by many companies as one which will play a huge role in the future energy mix. Therefore, the companies from the subsea industry are developing their businesses to follow the benefits of the offshore wind market. When it comes to supply
New Maritime Engineering Company Opens in Hamburg, Germany
A new engineering company has opened its doors in Hamburg. HeavyLift@Sea offers design and planning services for heavy-lift shipping and offshore projects. The ten-strong team around founders Lars Rolner and Hendrik Gröne takes on projects from designing individual chain hoists to developing special
Technip Appoints New Member of Board of Directors (France)
On October 23, 2012, Mrs. Alexandra Bech Gjørv was appointed member of the Board of Directors of Technip, replacing Daniel Lebègue. M. Pascal Colombani was appointed Chairman of the Audit Committee of the Board of Directors. Mrs. Bech Gjørv is also a member of the Audit Committee of the Board of Dir
France: Bretagne Know-How in Japanese RMEs
In July of this year, Loïg Chesnais-Girard, Vice President of the Bretagne Regional Council and responsible for Economy and Innovation, oversaw the annual Bretagne Commerce International-led economic mission aimed at meeting with heads of Japanese companies in Bretagne. The 2012 mission established
Tocardo Boosts UK Business with Senior Appointment
Tocardo, the leading producer of tidal and free-flow water turbines, has strengthened its UK operations with a senior appointment; Paul Morris joins the UK subsidiary as Managing Director of Tocardo Tidal Energy Limited. This appointment is part of the company’s strategic plans to become the leading
Romax Sets Its Sights on Huge Job Growth in Nottingham, UK
Seven years ago Dr Peter Poon made a judgement that renewable energy generation was set to be a big issue for business and society in general. So, he got his company Romax Technology to initiate two new and related areas of R&D (research and development). One concerned the drive-train efficiency of
France: Technip Publishes Q3 Results
On October 23, 2012, Technip’s Board of Directors approved the third quarter 2012 consolidated financial statements. Third Quarter 2012 Results: Order intake of €2.8 billion Record backlog of €13.5 billion, of which €6.1 billion in Subsea Revenue of €2.1 billion Operating margin of 10.3% Net income
Germany: Windreich Sells ‘Deutsche Bucht’ Offshore Wind Farm
Windreich AG enters into a purchase agreement for the wind farm ‘Deutsche Bucht’ with an Anglo-Saxon financial investor and at the same time acquired the responsibility for the subsequent turnkey erection, commissioning and the expected future operation of the wind farm. Hence this Windreich offshor
Switzerland: ABB Reports Steady Orders, Higher Revenues in Q3
ABB reported steady orders and higher revenues in the third quarter of 2012 despite a challenging macroeconomic environment, as the company benefited from its well-balanced market exposure, especially the improved access to the North American automation market gained through recent acquisitions. Pow
Spain: Iberdrola to Focus on Network and Renewables
IBERDROLA projects average Ebitda and net earnings for the 2012-2014 period in line with the €7.65 billion and €2.8 billion recorded in 2011, enabling it to continue remunerating shareholders at a gross annual average of about €0.3 per share. The Group will achieve this through a strategy focused on
Germany: Trianel Seeks Compensation for Grid Connection Delays
TenneT TSO GmbH got a lawsuit because of the grid connection delays on Trianel’s 200 MW North Sea offshore wind farm. Namely, Trianel is seeking compensation for the Borkum offshore wind farm related costs, which will increase from EUR 50 million to at least EUR 900 million, Bloomberg informs. The d
Langlee Wave Power, Repnaval Shipyard to Develop Wave Power in Canary Islands, Spain
Last week, during the EEA Grant Conference arranged by Innovation Norway and CDTI in Bergen, the Norwegian company Langlee Wave Power and Repnaval Shipyard (Zamakona Yards) signed an agreement for the development of wave power in the Canary islands. The two companies will file a common application t
UK: Aquatic Engineering & Construction, Acteon Join PEH
Aquatic Engineering & Construction Ltd, an Acteon company, has become one of several businesses that form the new Peterhead Energy Hub (PEH). The port of Peterhead is a major strategic gateway to the North Sea for the oil and gas industry, and various suppliers and contractors have been invited to j
Offshore Energy 2012: Liebherr Sees Further Growth in Wind Market
Offshore WIND interviewed Iwan Scholte, Sales Manager from Liebherr, at this year’s Offshore Energy Conference and Exhibition in the Netherlands. Regarding the company’s development plans for the offshore sector, Mr. Scholte said that they have built a new offshore crane, which is available for the