Bonheur ASA, a specialist in shipping, offshore drilling, renewable energy and cruise, has released its Annual Report for 2013. In 2013, the Group of companies experienced increased revenues compared to the previous year and the overall financial position continued to be satisfactory. High revenue g
Ulstein Sea of Solutions (USOS) has been awarded the design contract for the CASCO Enabler, a high specification DP3 800 POB monohull accommodation vessel by CASCO Offshore, a specialized accommodation subsidiary of the TMA Group. With this contract Ulstein enters into a new offshore market segment.
New Anglia Local Enterprise Partnership (LEP) has welcomed confirmation that Great Yarmouth, Lowestoft and parts of Ipswich have been included in the Government’s final Assisted Area Status (AAS) map. AAS is granted to less prosperous local economies and enables businesses in those areas to benefit
Hull could become a hub for offshore wind manufacturing facilities, judging on the claims that the newly formed company between Mitsubishi Heavy Industries (MHI) and Vestas could build its wind turbine factory in the city. It has been just a little over a month since Siemens decided to invest a larg
The UK government has confirmed which parts of the country have successfully won Assisted Area status. The status makes local businesses eligible to bid for additional funding and tax breaks to create jobs, invest in new premises or machinery and grow. Manufacturing centres including Derby, Huddersf
Grant Hunter and Mark Meade will participate in this year’s Seawork conference on 12 June, where they will give an insight in BIMCO’s Windtime, a specialized time charter party designed for the offshore wind farm sector. Windtime was specially developed for crew transfer vessels and the like operati
Pelamis Wave Power (PWP) plans to explore the possibilities of locating their project maintenance facilities at Loch Eriboll, as the company has a license for a 10MW site in the Pentland Firth at Farr point. Durness Development Group Limited (DDG) are proposing to build a community owned Harbour and
Since launching three years ago, Pontrilas-based Offshore Turbine Services (OTS) has gone from strength to strength with a refined offering of reliable and efficient crew, fuel, cargo and equipment transfer services to offshore wind turbines, substations and other offshore developments requiring mar
Dong Energy’s EBITDA amounted to DKK 6.3 billion (EUR 844 million) in the first quarter of 2014, which is a large increase compared with DKK 4.6 billion (EUR 616 million) in the same period last year, mainly due to the company’s wind business. Dong Energy released its results for Q1 today, saying th
Ray Thompson, Head of Business Development at Siemens Wind Power UK, spoke with GROW:OffshoreWind about the opportunity for UK manufacturing, following the recent decision by Siemens and the UK’s Associated British Ports to invest £310m in UK wind farm turbine factories. There is a number of current
Global Tech 1, 400W wind farm in the North Sea delivered a harsh blow to Areva, according to the first quarter results of 2014 issued yesterday. The company said that additional costs were a result of “delays experienced over the winter during the offshore installation and turbine testing phase.” Th
Aker Solutions will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly competitive global energy industry. The Subsea, Umbilicals, Engineering and Maintenance, Modifications a
Ocean Power Technologies, Inc. (OPT), today elected Eileen M. Competti to the Company’s Board of Directors. In addition, the Company announced the retirement of Dr. George W. Taylor from the Board of Directors. Ms. Competti is currently Vice President, Global Competitiveness for The Babcock & Wilcox
The renewable energy industry has attracted almost £30 billion of private sector investment since 2010. This investment has enabled the industry to sustain over 100,000 jobs in 2013 and deliver 4.2% of UK energy. These are the findings of a new report published today by the REA: REview – Renewable E
