News Archive for CTC Marine News

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 spread was successfully mobilized at Tees Port UK, in early March.
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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. Read more…

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. Read more…

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. Read more…

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. Read more…

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. Read more…

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. Read more…

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. The laboratory will provide testing and customer technical assistance to support rapid product development and resolution of technical issues. Read more…

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 vital detail that will enable us to deploy this game changing technology responsibly to our customers.  We’ve been consistent in our support of the programme and in recognising the benefits that smart meters will bring to our customers but have always been concerned that, without an industry standard, there was a real risk that it would be customers who were hit hardest as early adopters were left with outdated technology – the equivalent of having a walkman when everyone else has an iPhone. Today’s announcement provides us with the clarity we need to proceed and to make sure that doesn’t happen. “And, following this announcement, we intend to install a further 100,000 smart meters this year to help us shape our offering for our customers. We see this next phase as crucial in shaping the national rollout and ultimately our customer experience as we look to provide them with cleaner and better energy.”  Read more…

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. Read more…

LDK Solar finalizes acquisition of 70% of solar power, Inc. for $33 million

LDK Solar Co., Ltd. (“LDK Solar”) (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers and PV products, and Solar Power, Inc. (“SPI”) (OTCBB: SOPW), announced today that LDK Solar has finalized its acquisition of a 70% interest in SPI for approximately $33 million.  LDK paid an initial $10 million in January and today announced it has finalized the transaction with a second payment of $23 million. Read more…

Damien Polansky Appointed to TIA Board

Dow Wire & Cable is proud to announce that Damien Polansky, Global Telecommunications Platform Leader, has been appointed to the board of the Telecommunications Industry Association (TIA). TIA is the leading trade association representing the global information and communications technology industries through standards development, government affairs, business opportunities, market intelligence, certification and world-wide environmental regulatory compliance. Board members are selected from among member companies and are responsible for formulating policy.
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SBM OFFSHORE receives Letter of Intent for the EPCI supply of FPSO OSX-2

The Company is pleased to announce that it has executed a Letter of Intent (LOI) with OSX 2 Leasing BV, an indirect subsidiary of OSX Brasil S.A. (“OSX”) and part of the EBX Group. This LOI will permit SBM to start project activities, including early engineering and procurement up to 25 million US$, relating to the future conversion, supply and installation of a floating production, storage and offloading vessel to OSX (“FPSO OSX-2”). The full EPCI contract for FPSO OSX-2 is expected to be executed within a month. Read more…

SGS Announces UKAS Accreditation for Specialist Aberdeen Laboratory

SGS United Kingdom Ltd is pleased to announce that their specialist microbiological testing laboratory in Aberdeen has attained ISO 17025 accreditation following recent assessment by UKAS. The following tests are included in the accreditation scope: Read more…

Faroe Petroleum audited preliminary results for the year ended 31 december 2010

Faroe Petroleum, the independent oil and gas group focused on oil and gas exploration and production in the Atlantic Margin, Norway and the North Sea, announces its audited Preliminary Results for the year ended 31 December 2010. Read more…

Tethys Oil announces workprogramme onshore oman accelerates and second rig contracted

The development and exploration programme on Blocks 3 and 4 onshore the Sultanate of Oman accelerates after a second drilling rig has been contracted. The first well being drilled by this rig is the Farha South-6 well (“FS-6″) on Block 3. Read more…

DNO reports preliminary reserve estimates

DNO International ASA is currently preparing its Annual Statement of Reserves (ASR) as per 31.12.2010. The reserve estimates corresponds to commercial reserves, class 1-3. The preliminary figures, as presented in this notice, show a substantial increase in reserves. Read more…

Mitsubishi Electric and Mitsubishi Heavy Industries agree on consolidation of hydroelectric power generation system business

Hitachi, Ltd. (NYSE: HIT / TSE: 6501, “Hitachi”), Mitsubishi Electric Corporation (TSE: 6503, “Mitsubishi Electric”) and Mitsubishi Heavy Industries, Ltd. (TSE: 7011, “MHI”) today announced that they have entered into a basic agreement calling for the three companies to consolidate their hydroelectric power generation system operations. Discussions toward this end have been under way since last year, as previously announced on July 5, 2010. Under the agreement, the three companies agreed to establish a preparatory company (the “Preparatory Company”) in May 2011 as a subsidiary of Hitachi and to transfer their hydroelectric power generation system operations to the Preparatory Company by way of simplified company split (the “Company Split”). Read more…

Entech Solar announces the latest developments in its daylighting products

Entech Solar (OTC BB: ENSL) (the “Company”, “Entech”) today announced the latest progress in its daylighting line of products. Since its last stockholders meeting in August 2010, Entech Solar has been actively developing several new daylighting products for illuminating commercial, industrial, and institutional buildings with natural sunlight. Entech has recently completed the first phase of testing of two of these new products and is now using this opportunity to share the exciting results. Both products are based on our patented collimating skylight technology that redirects the solar rays to the working area beneath the skylight, and thereby provides significant improvements over conventional skylights in both the quantity and quality of the light delivered to the working space. The two new products are a high-lumen-output collimating skylight and a collimating add-on kit for skylights produced by others. Read more…

Q-Cells achieved 13.4% efficiency for mass produced CIGS solar thin-film module

Q-Cells SE has achieved a 13.4% efficiency record for mass produced copper indium gallium selenide (CIGS) solar thin-film modules manufactured via monolithic integration. Read more…

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