Energy, road and rail projects worth £33bn have passed the first hurdle in getting a government infrastructure guarantee. Chief Secretary to the Treasury, Danny Alexander today revealed 40 projects have passed the prequalification stage and named a dozen of the new projects in the pipeline. More than half  are energy [...]

The commissioning phase of the regasification plant of OLT Offshore LNG Toscana is on going, in line with the company’s operating program. After successful offloading of the first LNG cargo and with the completion of all safety and environmental checks, the Terminal started to regasify the LNG since the beginning [...]

DeepOcean AS, a subsidiary of DeepOcean Group Holding BV, has entered into a five and a half year charter agreement starting March 2016 for a new build installation vessel. This key enabler will enhance DeepOcean’s current service offerings in the SURF (Subsea Umbilicals Risers & Flowlines) segment in the Greater North Sea area. [...]

Norwegian Energy Company ASA (Noreco) is announcing plans today for a refinancing solution which will provide it with a sound platform for continued operation. Several of the largest bondholders and the company’s main shareholders, representing 33 per cent of the shares, have already signalled their support for this solution, which involves refinancing all bond debt [...]

Construction will swing into a period of rapid and sustained growth over the next four years, according to leading economists. The latest forecast from the Construction Products Association anticipates the £111bn construction industry will enjoy a whopping 19% growth by 2017. This equates to a £20bn expansion of activity over [...]

Network Rail has awarded two major Crossrail contracts to prepare stations and overhead line equipment in west London and Berkshire. Vinci Construction UK Ltd has been awarded a contract to design and upgrade 13 stations, with new station buildings and ticket halls, lifts for step-free access and longer platforms. The [...]

SunPower Corp. (NASDAQ: SPWR), a leading solar technology and energy services company, today announced that its high-efficiency SunPower® E20/327 Solar Panel recently underwent stringent third-party testing for potential induced degradation (PID) by PV Evolution Labs.  Upon completion, the panels showed power loss of less than 0.2 percent, performing better than [...]

Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) announces an update covering arrangements with Norwegian Energy Company UK Limited (“Noreco”). Proposed Arrangements and Revised Equity Interests Trapoil has been informed by Noreco that it no longer intends to drill the [...]

Joint developers Hammerson and Standard Life Investments have submitted revised plans for the giant Brent Cross Cricklewood regeneration scheme in north London. Their decision underlines growing confidence in the economy and holds out hope that construction of the first phase of the £4bn scheme to double the size of the shopping centre [...]

Prosafe and ConocoPhillips Petroleum Company U.K. Limited have agreed an extension to the firm period for the provision of the Safe Scandinavia accommodation support vessel at the Jasmine Hook Up and Commissioning Project in the British sector of the North Sea. The duration of the firm extension period is 28 [...]

Lakehouse has acquired East Anglia based Foster Property Maintenance. FPM is a property services company working in the affordable housing and public property sectors in Cambridgeshire, Lincolnshire, Norfolk and Suffolk. The deal will see FPM’s £50m business integrated into Lakehouse’s existing operations and will boost the company’s staff numbers to [...]

East Coast is introducing new accessible counters at its travel centres across the route. The counter has been trialled with different groups to find the optimal design, and Newcastle was among the first to benefit as part of the £8.6m refurbishment of the station. New counters have been introduced over [...]