BAM Construction has formally broken ground at its £30m scheme to build an operating centre for Network Rail. The contractor will construct a three-storey building in Basingstoke that will act as a signalling control centre for the Wessex region. It is one of a dozen being built by Network Rail [...]

Municipal renewable energy initiatives are hardly a new concept. In many cases the main goal is a heightened environmental sensitivity, and often installing more renewable energy is just one component of broader policies that might also include eco-friendly transportation or more efficient waste management or a district heating system. In [...]

London-based developer THAT Group has picked McAleer and Rushe to build two Hilton hotels at a site in Bournemouth. Work has just started excavating the basement for the £60m hotel project, which will be built at Terrace Mount. THAT Group plans to build two Hilton Hotels and 59 flats on the site [...]

Lundin Petroleum has announced that drilling of appraisal well 16/3-7 on the Johan Sverdrup discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS), has kicked off. The well is located in the south-eastern part of the discovery with the objective to establish the depth, quality and [...]

Materials giant Wolseley is planning a £300m return to shareholders through a special dividend following a surge in profit as the construction market shows signs of recovery. The US and UK markets led the way as pre-tax profits ticked up to £473m for the year to July 31 from £198m [...]

Dana Petroleum has started drilling works at the Pharos exploration well in the UK Southern North Sea. The news was announced this morning by Parkmead, which owns a 20% stake in the prospect. The Pharos gas prospect has the potential to contain up to 500 billion cubic feet of gas-in-place (86 million [...]

Wintershall Norge is today taking over the operatorship of the Brage oil field on the Norwegian Continental Shelf (NCS) from Statoil. The Brage platform off Bergen is the first major production platform operated by Wintershall Norge. Since the transfer of equity in the fields Brage, Gjøa and Vega to the wholly [...]

Lundin Petroleum AB has started drilling of exploration well 16/2-20S on PL501 immediately north of the Johan Sverdrup discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS). The well is exploring the area north of the well-established Johan Sverdrup discovery. Well 16/2-20S is located approximately 7 [...]

With distributed energy generation growing and increasing amounts of renewable power coming onto the grid, new technologies and business models are helping to balance loads, smooth variability and integrate diverse resources. LONDON -- Today's global energy market is in the midst of a paradigm shift, from a model dominated by large [...]

The number of construction companies going bust has fallen for the tenth month in a row. The latest Business Insolvency Index from Experian shows 210 construction firms went to the wall in August compared to 293 a year earliers. The biggest falls were among medium-sized contractors with 51-100 employees. Max [...]

Greater passenger demand on the railways has led to 10,000 extra jobs compared to 15 years ago, new statistics from the Association of Train Operating Companies (ATOC) show. In 2011-12, TOCs employed 50,100 people – a 25% increase on 39,700 people 15 years ago. Staff productivity has risen by 37%, [...]

EDT Offshore, a Cyprus based provider of offshore support vessels to the oil and gas industry worldwide, has expanded its fleet with a new vessel. The company last week announced it bought the EDT Kennedy, a Platform Supply Vessel, currently under construction at the Fujian Southeast Shipyard in China. The vessel is [...]