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Business & Finance

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Grid Connection
UK: Energy Industry Urges Companies to Use Opportunities of Offshore Renewables
Business & Finance

UK: Energy Industry Urges Companies to Use Opportunities of Offshore Renewables

South West companies attending the Offshore Energy Supply Chain Event, hosted by RWE and Regen SW at Sandy Park, Exeter, have been urged to target the offshore wind and marine energy sectors to develop new business opportunities and secure a share of this multi-billion pound industry. Over 160 poten

about 13 years ago
Norway: Kongsberg Maritime Acquires InTurbine
Business & Finance

Norway: Kongsberg Maritime Acquires InTurbine

Kongsberg Maritime AS has acquired Trondheim, Norway based InTurbine. The specialist renewable and wind power consultancy firm joins Kongsberg Maritime’s Merchant Marine Division in Trondheim as of December 1st 2012 and will support the operations and expansion of Kongsberg Wind Farm Management. The

about 13 years ago
Germany: Wind Power Growth Driver for TÜV SÜD
Business & Finance

Germany: Wind Power Growth Driver for TÜV SÜD

International service corporation TÜV SÜD is continuing its dynamic growth: its consolidated revenue will grow by a minimum of 8 per cent in 2012, to over EUR 1.8 billion (2011: EUR 1.68 billion). TÜV SÜD also expects a further rise in income (EBIT) (2011: EUR 160 million). The number of employees c

about 13 years ago
FoundOcean Opens New Sales Office in Bremen, Germany
Business & Finance

FoundOcean Opens New Sales Office in Bremen, Germany

FoundOcean, a global leader in subsea and offshore grouting, today announced the opening of its new office in Bremen, Germany. Following exceptional growth in the last two years, the company is now expanding to maintain its presence in one of the key markets for the offshore wind industry. “Germany’

about 13 years ago
Germany: Munich Re Insures Serial Loss Risk on Offshore Wind Turbines
Business & Finance

Germany: Munich Re Insures Serial Loss Risk on Offshore Wind Turbines

Munich Re has become the first insurance group to offer serial loss cover for offshore wind energy units. Corresponding cover for a North Sea wind farm has been signed by Marcus A. Wassenberg, Chief Financial Officer of manufacturer REpower, Dr. Thomas Blunck, member of Munich Re’s Board of Manageme

about 13 years ago
Blue Water Shipping Grows Along with Offshore Wind Sector (Denmark)
Business & Finance

Blue Water Shipping Grows Along with Offshore Wind Sector (Denmark)

The number of offshore wind farms will expand in the years to come. With Wind Logistics being one of Blue Water Shipping’s major business areas, the company is represented by own offices in Denmark, France, Great Britain, Northern Ireland and Germany. “The offshore wind sector is in an exciting deve

about 13 years ago
Langlee Wave Power Announces Establishment of Spanish Subsidiary
Business & Finance

Langlee Wave Power Announces Establishment of Spanish Subsidiary

Langlee Wave Power announces the establishment of its Spanish subsidiary Langlee Wave Power S.L.U. It was established as a ZEC company in Las Palmas in 2012, with the purpose to move all the R&D activities of the Norwegian company to the island. Currently, it is employing one Canarian engineer and t

about 13 years ago
Germany: PNE WIND Approves Share Buyback Programme
Business & Finance

Germany: PNE WIND Approves Share Buyback Programme

PNE WIND AG’s Board of Directors resolved on 3rd December 2012 to buy back up to 4,126,700 of its own shares on the stock exchange during the period from 4th December 2012 to 30th June 2013 (anticipated). The buyback volume amounts to approx. 9 percent of the company’s total share capital. The Board

about 13 years ago
UK: Steel Engineering Clasps SHI’s Offshore Wind Contract
Business & Finance

UK: Steel Engineering Clasps SHI’s Offshore Wind Contract

Steel fabricator Steel Engineering, headquartered in the west of Scotland, has clasped a deal from Korean group Samsung Heavy Industries (SHI) to produce offshore jackets and ensure steelwork for a wind turbine generator system under development at the Energy Park at Methil, Fife, the Scotsman infor

about 13 years ago
Germany: Siem Offshore to Install Grid Connection System for Innogy Nordsee 1
Business & Finance

Germany: Siem Offshore to Install Grid Connection System for Innogy Nordsee 1

Siem Offshore Contractors GmbH (SOC) and J-Power Systems Corporation (JPS) have been awarded a contract with TenneT TSO GmbH (TenneT). The contract is for the supply, installation and commissioning of the 155kV grid connection system for the Innogy Nordsee 1 Offshore Wind Farm (Cable System) project

about 13 years ago
UAE: Lamprell Appoints New CEO
Business & Finance

UAE: Lamprell Appoints New CEO

Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that James Moffat has been appointed as Chief Executive Officer effective March 1st, 2013. Prior to his appointment, Mr Moffat was the exe

about 13 years ago
UK: Ecosse Subsea Systems Doubles Turnover in Third Successive Year of Growth
Business & Finance

UK: Ecosse Subsea Systems Doubles Turnover in Third Successive Year of Growth

Subsea technology company, Ecosse Subsea Systems Ltd, (ESS) has seen revenue in the last financial year more than double to £4.85 million and forecasts turnover in the current year will pass the £6.5 million mark. The Aberdeen-based specialist engineering firm will post pre-tax profit of £600,000 to

about 13 years ago
UK: UTEC Announces Acquisition of Geomarine
Business & Finance

UK: UTEC Announces Acquisition of Geomarine

Leading independent offshore survey company UTEC has announced the acquisition of Geomarine Ltd. UTEC – which is based in Houston, Texas and has offices around the world including Aberdeen, Scotland – has acquired Geomarine Ltd which is headquartered in Newcastle-upon-Tyne with operational offices i

about 13 years ago
USA: O’Malley to Reintroduce Offshore Wind Bill
Business & Finance

USA: O’Malley to Reintroduce Offshore Wind Bill

Gov. Martin O’Malley will again try to introduce a similar bill on ensuring funding for an offshore wind farm which failed twice to make it out of the General Assembly, Gazette Net reports. According to the bill, the project that could cost USD 1 billion would not increase residents’ bill by more th

about 13 years ago
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