UK Power Networks has awarded three firms electrical infrastructure contracts worth up to £26m over the next two years. Carillion, Costain and Electricity Network Solutions will refurbish and rebuild existing 33,000 and 132,000 volt power lines in the South East and East of England. New fibre optic cables will also [...]

Prospector Offshore Drilling S.A. has executed a contract with Total E&P UK Limited and Elf Exploration UK Limited for offshore drilling services in the North Sea with its jack-up rig, “PROSPECTOR 5″. The Contract has an initial firm duration of 1095 days and Total will have the option to extend the initial firm duration [...]

Enegi, the independent Oil and Gas Company with a portfolio of assets located in the UK North Sea, Newfoundland Canada, Ireland, and Jordan, provides an update on North Sea Licence P1974 containing the Malvolio prospect in Block 3/23a. Further to the announcement of 31 January 2013, the Company confirms that, [...]

Insurance costs for the renewable energy industry may more than triple to $2.8 billion by 2020 as projects become more complex and risky, a report commissioned by Swiss Re Ltd. found. The report by Bloomberg New Energy Finance examined markets for wind and solar power including Australia, China, the U.S [...]

Ofgem has appointed the Balfour Beatty Equitix Consortium as preferred bidder to own and operate the high voltage transmission links to the Gwynt y Môr wind farm. The Gwynt y Môr wind farm is being built by RWE npower renewables and comprises of 160 wind turbines The project is being [...]

Scottish transport minister Keith Brown has called for Network Rail to do more to improve performance on the Scottish network. Recent performance was “concerning” and needed to be addressed. Network Rail is implementing contingency measures to minimise the effects of unusually high temperatures, which have created signalling issues, by installing [...]

Network Rail has awarded a new contract to manage its rural level crossings. Contract Assist will configure database systems to manage the register of authorised users who have crossings on their private land. The new Customer Relationship Management (CRM) system will allow Network Rail to keep these users up to [...]

Siem WIS has entered into a contract with M-I Swaco for the supply of its pressure control device (“PCD”) services. The Siem WIS PCD services shall be used in connection with M-I Swaco’s manage pressure drilling (“MPD”) services for Statoil on the Gudrun and Valemon fields in the North Sea. [...]

A £54m contract is up for grabs after a funding deal was agreed to build a new Crossrail station at Woolwich. Procurement will begin next month for the station fit out with the job due for completion in December 2018. Work on the station box was completed by Berkeley Homes [...]

French oil giant Total today announced the results for the second quarter of 2013. The Company highlights the following: Net income of 2.5 B€ in 2Q13 and 4.1 B€ in 1H13 Net-debt-to-equity ratio of 27.6 % at June 30, 2013 Hydrocarbon production of 2,290 kboe/d in 2Q13 Interim dividend for 2Q13 [...]

The Department of Transport, Tourism and Sport has been advised that the Marine Institute on behalf of Kinsale Energy Limited will conduct a pipeline and Platform Superstructure survey in the Celtic Sea off the South Coast of Ireland between 22nd July and 30th August 2013. The survey is being conducted [...]

Statoil, an international energy company with operations in 35 countries, has announced second quarter 2013 results. Statoil’s net operating income for the second quarter was NOK 34.3 billion compared to NOK 62.0 billion in the second quarter of 2012. Adjusted earnings were NOK 38.0 billion, compared to NOK 45.8 billion in [...]