CTC Marine arrives on site for first project in the Gulf of Mexico

CTC Marine has completed load-out of 8 submarine power cables at the Prysmian factory in Naples Italy and is now on site in the Bay of Campeche for the Ku-Maloob-Zaap Field Development Project, Gulf of Mexico.  CTC is utilizing the Northern River equipped with CTC’s CMROV 3, WROV and lay spread, including cable baskets. The […]

Petrofac Awarded Shell Contract in Iraq

Petrofac, the international oil & gas facilities service provider, can confirm it has been awarded a contract, in excess of US$240 million by Shell Iraq Petroleum Development B.V. for developments in the Majnoon Field, Southern Iraq.

Energy secretary to meet oil firms over North Sea tax hike

Energy secretary Chris Huhne will meet oil and gas firms on Thursday over the government’s North Sea tax hike.

AMEC awarded engineering and project management contract for all of BP’s 2011 oil terminal projects in the UK

AMEC, the international engineering and project management company, has been appointed by BP Oil UK Limited (BP Oil) to carry out the engineering, procurement and construction management (EPCm) of capital investment projects for existing facilities at its UK oil storage terminals in 2011.

Statoil announces further maturing the category B concept

Statoil has decided to allow more time for the tenderers to mature their respective category B rig concepts, which includes an extended front end engineering and design (FEED) phase. The planned award date is set for the fourth quarter of 2011.

KCA DEUTAG completes refinancing process Company set for growth in major international markets

KCA DEUTAG, one of the world’s leading drilling and engineering contractors announces the completion of a refinancing process. The successful conclusion of this process has resulted in a transaction that strengthens the capital structure of the Company and ensures the long term financial stability of the business.

Entergy, Vermont Electric Cooperative complete negotiations on power contract

Entergy Corporation (NYSE: ETR) today announced Entergy Nuclear Vermont Yankee, LLC has completed negotiations on a 20-year agreement to sell power from the Vermont Yankee nuclear plant to customers of Vermont Electric Cooperative, Inc., the third-largest electric distribution utility in Vermont.

Ferro opens solar test lab in Taiwan

Ferro Corporation (NYSE: FOE) announced today the opening of a photovoltaic research and development laboratory in Neihu Technology Park, Taipei City, Taiwan. This expansion enables Ferro to provide timely technical support for customers in Taiwan and to deliver innovative solutions for improving the efficiency of solar cells and lowering the cost of solar cell production. […]

E.ON repsonse to Smart meter prospectus consultation

E.ON today welcomed the Government response to the smart metering prospectus consultation as an important step in helping British homes and small businesses to meet their changing energy needs. Graham Bartlett, managing director of E.ON’s Energy Solutions business, said: “This is an important step towards the national rollout of smart meters, giving us some of the […]

Vestas launches next generation offshore turbine

Vestas reveals the details of its next generation offshore turbine. Instead of the previously communicated capacity of 6.0 MW, the turbine will have a capacity of 7.0 MW and a rotor diameter of 164 metres.