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London shares up on back of Arm Holdings takeover

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Q&A: St Modwen on its spec plans

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Office-to-resi conversion like clockwork at Aylesbury

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UPS in LNG fleet growth

first_imgGet instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270. Subscribelast_img

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Gazprom, Vitol to Enhance Gas Power Cooperation

first_imgSt. Petersburg hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Ian Taylor, President of Vitol Group.The parties addressed the issues of bilateral cooperation. Special attention was paid to further development of Gazprom’s underground gas storage business in Europe as well as cooperation prospects in gas-fired power generation, particularly, in the UK and France. The meeting noted that Europe saw a steadily growing demand for Russian natural gas and highlighted the urgency of building up gas storage capacities in proximity to European consumers.The parties outlined specific steps aimed at developing joint activities in the power generation sector based on Russian natural gas.[mappress]LNG World News Staff, December 2, 2013; Image: Gazpromlast_img read more

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Danes Majorly Into Renewables

first_imgOne in three Danes wants Denmark’s electricity to come exclusively from renewable energy sources within the next five years, with only 10% of the country’s population willing to wait 15 years or more for this to happen, according to a survey commissioned by DONG Energy.Almost 77% of respondents prefer energy from solar cells or wind turbines over coal, oil and gas, the survey has shown.79% of those surveyed believe Denmark should be above average or lead the way among industrialised countries in terms of the green transformation.Dong commissioned the survey to increase knowledge on attitudes towards the green transformation, and the figures show that Danes have particularly high green aspirations.Morten Hultberg Buchgreitz, Executive Vice President of DONG Energy, said: “DONG Energy has been working for several years to move Danish energy from black to green, and we’re pleased to see that our customers and Danes in general support this strategy. It gives great value to our work with offshore wind energy, conversion of power stations to biomass, energy consultancy and similar activities that we know that Danes are ambitious and want to see a greener Denmark quickly.”The survey also found that over 80% of respondents take an interest in their electricity consumption, and three out of four remember to save power ‘always’, or ‘mostly’.“I’m in no doubt that customers save electricity largely in order to save money. But the survey shows Danes also take an interest in energy savings because they take the climate challenge seriously,” Buchgreitz said.last_img read more

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Eni directors approve Coral FLNG investment plan

first_imgOffshore Energy Today Staff The board of directors of the Italian oil and gas company Eni has approved the investment plan for the Coral South FLNG project offshore Mozambique.The decision follows the approval of the Plan of Development for the Coral discovery, offshore Mozambique, given in February this year.The plan of development foresees the drilling and completion of 6 subsea wells and the construction and installation of a Floating LNG facility, the capacity of which will be around 3.4 MTPA.The first phase entails development of 5 trillion cubic feet of gas in the Coral discovery, located in the Area 4 permit. The Coral field is located in water more than 2000 meters deep and approximately 80 kilometers offshore of the Palma bay in the northern province of Cabo Delgado.The giant discovery is estimated to contain 15 trillion cubic feet of gas in place, wholly located in Area 4.While Eni’s board of directors has given its nod for the investment, the final investment decision is yet to be made, as Eni now needs approvals from other Area 4 partners. Eni also said the FID was subject to the project financing, “which is currently being finalized”, being underwritten.Eni is the operator of Area 4 with a 50% indirect interest, owned through Eni East Africa (EEA), which holds a 70% stake of Area 4. The other Concessionaires are Galp Energia, KOGAS and Empresa Nacional de Hidrocarbonetos (ENH) with a 10% stake each. CNPC owns a 20% indirect interest in Area 4 through Eni East Africa.To remind, Eni in October secured a major push towards the Final Investment Decision. Namely, Eni and its partners in the Area 4 concession have managed to find a major customer for the gas to be produced there – British energy major BP.Under the agreement, BP will buy all the LNG to be produced by Eni’s Coral South Floating LNG unit, which will be installed offshore Mozambique, over a period of 20 years. Commercial details of the agreement were not disclosed. As for the FID date, both Eni and BP have previously said it can be expected by the end of 2016.last_img read more

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The Friday Flyer – May 2nd 2014

first_imgA report by the US Government Accountability Office (GAO) this week suggested that there is little benefit to developing shipping infrastructure in the Arctic.The GAO was asked to produce the report in response to decreasing seasonal sea ice opening up Arctic waters for longer periods, resulting in potential economic opportunities in commercial shipping, cruises, commercial fishing, oil and mining.The organisation argued that deepwater ports, mapping and other infrastructure improvements will only go so far in attracting more ships, and Arctic routes would be only seasonal, whereas most shipping operators need steady, year-round schedules.This week’s Friday Flyer is sponsored by Express Global Logistics (EXG). Established in 1946, EXG’s Pan India set up is supported by a global project handling network that offers professional services in the field of project transportation and forwarding. EXG also excels in the supply of material handling equipment, site handling, plant and machinery erection and sensitive cargo handling.In the corporate worldHunt & Palmer Cargo Charters appointed Wexco Group as its general sales agent for Australia and New Zealand.Martin Bencher acquired Copenhagen based tti Logistics ApS.Air Charter Service chartered aircraft carrying a total of 31,172 tonnes of cargo during 2013.Saudia Cargo signed a five-year agreement with Swissport to handle its full freighter operations in Brussels and Amsterdam.Cargolux posted a full year net profit of USD8.4 million in 2013 compared with a USD35.1 million net loss in 2012.The Port of Antwerp saw Q1 2014 conventional breakbulk traffic fall 9.1 percent year-on-year over the same period of 2013.Ocean 7 Projects has appointed TSL Shipping & Trading as its exclusive commercial booking agent for the Americas.Capacity developmentsThe Port of Rotterdam Authority and TPK Logistica signed a joint venture for the development of Porto Central in Brazil.Jack-Up Barge acquired an Odin self-elevating platform fromHochtief.Samson and United Offshore Services (UOS) have partnered up to supply Samson’s synthetic rope products to Europe.S.V.M.M became the first French company to receive a new Terex Explorer 5800 all terrain crane.Brasil Terminal Portuário (BTP) has launched a general cargo ro-ro service in its terminal at the port of Santos.Transfennica Iberia is adding twice-weekly direct calls at Portsmouth to its Bilbao – Zeebrugge service from May 13.Mammoet will introduce its new versatile ballast system during the Offshore Technology Conference (OTC) in Houston from May 5-8.Shipments of the weekKALEIDO chartered two multipurpose vessels to transport 38,000 cu m of wind mill components (pictured top right) for the Baffin wind farm, including 75 blades and 47 sets of hubs, from China to the USA.Van der Vlist transported three parts for a large telescope (pictured second right) over 2,500 km from St Petersburg to Zelenchukskaya, with the heaviest unit weighing 23.15 tonnes.In Solwezi, Zambia, Vanguard lifted a 1,197-tonne conveyor section 40 m from the ground into its final position using four 400-tonne strand jacks in a synchronised lift.CFNR transported five over-dimensional tanks from Hengelo to Ludwigshafen, via inland waterways (pictured bottom right).Other notable projects reported by HLPFI this week can be seen on the archive news area of our website.Got some shipment news of your own? Send it in to editorial@heavyliftpfi.comCapital projects and contractsICA Fluor contracted TAG Pipelines for the EPC, testing, commissioning and start-up of the 291.7 km Ramones II Sur Gas Pipeline.GE has proposed to purchase Alstom’s thermal power, renewable energy and electricity grid businesses for USD13.5 billion.Saipem has won an offshore engineering and construction contract for the Stage 2 development of the Shah Deniz field in Azerbaijan, valued at approximately USD1.8 billion.For a fuller round up of capital projects and contracts announced this week please visit the HLPFI website or contact David KershawOn the moveRon Widdows stepped down from his position as chief executive officer (ceo) of Rickmers Group, and Ulrich Ulrichs has been appointed to take over the Rickmers-Linie ceo position. JAXPORT appointed Franklin Camp (pictured right) to the port’s sales and marketing team as director of non-containerised sales.Network newsThe Project Partners network appointed Airfreight Worldwide as a new member for the UK, while HLI Logistics LLC joined the Cargo Equipment Experts (CEE) network representing New Jersey, USA. The Global Project Logistics Network (GPLN) added RRL Logistics Europe, with its offices in Azerbaijan, Kazakhstan, Russia and Uzbekistan, to its ranks. The Project Cargo Network (PCN) welcomed two new members: Saudi Arabia’s Paragon Shipping & Logistics, and Paraguay’s VVM Cargo.All about EvieEvie congratulates Fagioli, Omega Morgan and Barnhart for snatching up the three prizes for SC&RA’s Rigging Job of the Year at its annual awards ceremony.Also claiming prizes were Berard Transport, Northwest Crane Service and Precision Heavy Haul Inc. in the Hauling Job of the Year competition, for three exceptional moves across North America.last_img read more

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DSAm completes Sea Installer upgrade

first_imgThe boom extension has increased the reach capacity of Sea Installer, allowing the vessel to handle the ever-increasing size of offshore wind turbine components.DSAm – part of Damen Shiprepair & Conversion – began the work by removing all crane-related components including the boom, boom rest, A-frame, winch and hook block pockets from the vessel.A2SEA supplied the new A-frame and boom extension; while Niron Staal, also part of Damen Shiprepair & Conversion, supplied the new boom rest, hook block pockets, trolley rail and support stools.The crane boom was lengthened by inserting the new extension, explained DSAm. All parts were composed of high tensile S690 steel, which needed to be cut and welded at the correct temperature – an operation that you cannot rush, said DSAm.The configuration of the upgraded crane means that it can be operated in two modes – a long mode with the crane boom extension, and a short mode with the extension removed.Sea Installer now has a flexible crane capacity of 900 tonnes in short mode and 700 tonnes in long mode.Two Mammoet cranes were used to lift the extended crane boom onto the vessel.www.damenshiprepair.comwww.a2sea.comwww.mammoet.comlast_img read more

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Manila metro Line 3 upgrade financing agreed

first_imgPHILIPPINES: The government signed a loan agreement with Japan International Cooperation Agency on November 8 for the metro Line 3 rehabilitation project. The 40-year, ¥38·1bn loan will fund the overhaul of infrastructure and rolling stock on Line 3 with the aim of returning it to its design capacity, as well as improving safety. Infrastructure work will include replacement of track, power supplies and overhead catenary. Diagnostic technology and ‘high-precision repair technology’ are to be installed. Signalling is also to be upgraded. Stations would have CCTV, public address systems, lifts and escalators renewed. The project also covers the overhaul of the fleet of 72 light rail vehicles, as well as road-rail vehicles and depot equipment. Infrastructure work is due to be carried out in 26 months. Completion of the rolling stock fleet is scheduled for 43 months.last_img read more

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