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Business & Finance

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DONG Energy Allocates First Walney Extension Skills Fund
Business & Finance

DONG Energy Allocates First Walney Extension Skills Fund

DONG Energy has revealed details of its Walney Extension community skills fund which will invest GBP 100,000 a year for the next 25 years into equipping people to work in engineering industries in the coastal areas of Lancashire and Cumbria.

about 9 years ago
The Crown Estate Appoints Energy, Minerals and Infrastructure Portfolio Advisors
Business & Finance

The Crown Estate Appoints Energy, Minerals and Infrastructure Portfolio Advisors

The Crown Estate has awarded the legal mandate to advise its Energy, Minerals and Infrastructure businesses to Hogan Lovells International LLP and Bond Dickinson LLP.

about 9 years ago
European Commission Clears ABB’s High Voltage Cable Business Sale to NKT
Business & Finance

European Commission Clears ABB’s High Voltage Cable Business Sale to NKT

The European Commission has cleared unconditionally under the EU Merger Regulation the proposed acquisition of ABB’s high voltage cable business and power cable accessories business by nkt after concluding that the merged entity would continue to face effective competition in Europe.

about 9 years ago
LM Wind Power Sees Near Ninefold Increase in Annual Net Profit
Business & Finance

LM Wind Power Sees Near Ninefold Increase in Annual Net Profit

Danish blade designer and manufacturer LM Wind Power reported EUR 51.7 million net profit for the Fiscal Year 2016, a 776 per cent increase compared to EUR 5.9 million net profit recorded in FY 2015 driven by higher sales and better operating performance.

about 9 years ago
Maryland PSC Schedules Public Hearings on Offshore Wind Projects
Business & Finance

Maryland PSC Schedules Public Hearings on Offshore Wind Projects

Maryland’s Public Service Commission will hold two public hearings on two offshore wind farm projects proposed by US Wind and Deepwater Wind in March.

about 9 years ago
DONG Energy Pitches Hornsea Three Onshore Cable Route
Business & Finance

DONG Energy Pitches Hornsea Three Onshore Cable Route

​DONG Energy has published an indicative area in which the cables carrying clean electricity from its proposed Hornsea Project Three offshore wind farm could be located, and is seeking feedback from local communities in Norfolk. Hornsea Project Three is a 2.4GW project that if built out to capacity

about 9 years ago
Eidesvik Offshore Sells Viking Poseidon
Business & Finance

Eidesvik Offshore Sells Viking Poseidon

Eidesvik Offshore has entered into an agreement for the sale of its vessel Viking Poseidon with a buyer which the company left unnamed.

about 9 years ago
HSM Offshore and Heinen & Hopman Team Up on Borkum Riffgrund 2 OHVS
Business & Finance

HSM Offshore and Heinen & Hopman Team Up on Borkum Riffgrund 2 OHVS

Dutch offshore structures manufacturer HSM Offshore has contracted compatriot Heinen & Hopman to fabricate and install the HVAC (Heating, Ventilation and Air Conditioning) system for the 450MW Borkum Riffgrund 2 Offshore High Voltage Substation (OHVS) to be installed in the German North Sea in 2018.

about 9 years ago
DORIS Engineering Sets Up Renewables Unit
Business & Finance

DORIS Engineering Sets Up Renewables Unit

DORIS Engineering, headquartered in France, has established DORIS Renewables, a business unit dedicated to alternative energies.

about 9 years ago
Rhenus Opens UK Supply Bases
Business & Finance

Rhenus Opens UK Supply Bases

Berlin-headquartered logistics services provider Rhenus Offshore Logistics is starting up its operation of two new offshore supply bases at the ports of Great Yarmouth and Aberdeen in the UK.

about 9 years ago
Top News of the Week, 20 – 26 February 2017
Business & Finance

Top News of the Week, 20 – 26 February 2017

Shell Eyes More Action in European Offshore Wind The Netherlands-based oil and gas giant, Shell, is looking to get on board further projects across Europe as it aims to dive deeper into the offshore wind market. Hywind Foundations On a Roll (Photos) The Navantia-Windar team has started the roll-out

about 9 years ago
BAM Nuttall Hired for Beatrice Wick O&M Base Works
Business & Finance

BAM Nuttall Hired for Beatrice Wick O&M Base Works

UK civil construction company BAM Nuttall has been appointed as the principal contractor for the renovation works on two buildings at Wick Harbour, where Beatrice Offshore Windfarm Ltd (BOWL) will set up the O&M base for the Beatrice offshore wind farm.

about 9 years ago
Fugro Hit by O&G Downturn, Offshore Wind Softens the Blow
Business & Finance

Fugro Hit by O&G Downturn, Offshore Wind Softens the Blow

Fugro today reported a net loss of EUR 309 million and 1,430 jobs lost in 2016, due to low activity in the oil and gas sector. The company’s revenue amounted to EUR 1.8 billion, a 22.7% decline from the EUR 2.4 billion reported for 2015. However, offshore wind has brought several projects to the com

about 9 years ago
Douglas-Westwood: Offshore Wind Driving 2017-2021 Subsea Cable Market Growth
Business & Finance

Douglas-Westwood: Offshore Wind Driving 2017-2021 Subsea Cable Market Growth

Subsea cable demand will grow at a compound annual growth rate (CAGR) of 7% over the 2017-2021 period, with the offshore wind sector driving the market demand, according to this year’s first issue of Douglas-Westwood’s biannual Subsea Cable Tracker report.

about 9 years ago
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