Saturday, January 20, 2018

Babcock International Group News

ExxonMobil Inks Deal to Collaborate on Caledonia LNG Project


ExxonMobil, Babcock International Group, Bernhard Schulte Shipmanagement (BSM), Calor and Orkney Islands Council have signed an agreement to collaborate in the “Caledonia LNG ” project. The aim is to develop the infrastructure…

Collaborators to Develop LNG Deliveries in North UK and North Sea

From left to right: Michael Cobb, ExxonMobil; Andrew Scott, Babcock; Ian Lindsay, Babcock; Angus Campbell, BSM; Michael Morrison, Orkney; Gavin Barr, Orkney; Mark Gilks, Calor; and Luca Volta, ExxonMobil (Photo: © Colin Keldie)

Aiming to develop the infrastructure, storage and technical support needed to enable safe liquefied natural gas (LNG) operations for customers in the north of the U.K. and North Sea, including bunkering, partners ExxonMobil, Babcock International Group…

Bernhard Schulte, Babcock Team-up to develop GSV Vessel


Bernhard Schulte Shipmanagement (BSM), a leading global maritime services company, and Babcock International Group, the UK’s leading engineering support services company, are collaborating to develop a ground-breaking Gas Supply Vessel (GSV).

Trans Global Projects Celebrates 30 Years

Photo: TGP

International logistics solutions provider Trans Global Projects Ltd (TGP) celebrates its 30th anniversary in 2018. TGP was founded on January 4, 1988 by Julian Clarke, Nick Harsant and Colin Charnock, who is the Group’s managing director.

Will You Make the Most of North Sea Decommissioning?

Kirsti Olson

Recent reports indicate that the scale of opportunity arising from North Sea decommissioning is growing, with industry set to spend at least $56.16billion by 2040. As the dedicated North Sea industry forum, Decom North Sea (DNS)…

Babcock Completes DSV Refit for Bibby

Bibby Polaris at Rosyth (Photo: Babcock)

Babcock has completed a contract to undertake a substantial refit on Bibby Offshore’s dive support vessel (DSV), Polaris, at its Rosyth dockyard. The project was Bibby’s largest ever refit package and underlines Babcock’s move…

Losing Bidders Quiz UK Over $12b Nuclear Decision

The bidders who lost out on Britain's $12 billion contract to decommission nuclear sites have asked the government to explain the result as they decide whether to launch legal action, sources familiar with the matter said. Last month…

Suspect Involved in N. Korean Oil Smuggling Released on Bail

© leeyiutung / Adobe Stock

A court in Taiwan has released on bail a man prosecutors allege to have made false declarations in the case of a Hong Kong-flagged tanker suspected of transferring oil to North Korea in violation of international sanctions. The man…

Niger Delta Avengers: Attacks Against Nigeria's Oil Sector Coming

Nigerian militant group Niger Delta Avengers said on Wednesday it will launch attacks on the country's oil sector in the next few days. "This round of attacks will be the most deadly and will be targeting the deep sea operations of the multinationals…

MHPS to Boost AQCS Business

Photo Mitsubishi Hitachi Power Systems, Ltd

Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have agreed to transfer operations in the domestic after-sale servicing of desulfurization equipment, currently performed by Mitsubishi…

Verbund Raises 2017 Core Profit Forecast


Austria's largest energy group Verbund raised its 2017 core profit forecast on Tuesday thanks to an improvement in water supply and a better result in its power grid unit. Verbund said it now expects 2017 earnings before interest…

Taiwan Releases Suspect in North Korean Oil Transfer

File Image (CREDIT: AdobeStock / (c) Carabay)

A court in Taiwan has released on bail a man prosecutors allege to have made false declarations in the case of a Hong Kong-flagged tanker suspected of transferring oil to North Korea in violation of international sanctions. The man…

Greece Sets Deadline for DESFA Gas Grid Sale

Greece's privatisation agency (HRADF) has pushed back to Feb. 16 the deadline to submit binding offers for a 66 percent stake in natural gas grid operator DESFA, sources close to the process said on Wednesday. Interested investors had sought an extension from a previous Dec.

Valhalla Marine Sarl rebrands to Glander International Bunkering (Geneva) Sàrl

Switzerland Gregory John Dann Photo Glander International

Valhalla Marine Sarl, Geneva has officially changed its name to Glander International Bunkering (Geneva) Sàrl as of October 6th 2016. This positive development for the Glander International Bunkering group signifies its dedication to building a brand…

Eni Boots up World's Biggest Industrial Supercomputer

Italian oil and gas group Eni said on Thursday it had installed new capacity at its supercomputing centre near Milan to create the world's most powerful industrial computer. The new capacity quadruples the group's computing power…

Pampa Energia to Sell $360 Mln in Oil Assets

Argentine group Pampa Energia said on Wednesday it has agreed to sell $360 million in oil assets to local company Vista Oil & Gas, which is headed by the former head of state oil company YPF, Miguel Galuccio. The deal is in line…

Germany's Bilfinger Cuts Costs after CEO Exit

Q2 group adjusted EBITA 65 mln euros vs 93 mln last year. Power division EBITA drops to 9 mln euros; shares up 4.9 pct, top performer on MDAX. German industrial services group Bilfinger, whose chief executive resigned last week after two profit warnings…

Ferguson Appoints Team of Industry and Product Experts

The new team joins Derek Penny, Corporate Development Director outside Ferguson Group Aberdeen headquarters. (L-R: Gordon Bennett, Mick Rash, Judith Verner, Allan Mitchell, Derek Penny)

The Ferguson Group announced the appointment of industry experts to be based at its Aberdeen headquarters. The newly appointed team will offer technical support to the group’s international bases and provide advice and guidance to partners and customers alike.

Bibby Offshore Recapitalization Completed

Bibby Offshore chief executive Howard Woodcock (Photo: Bibby Offshore)

Subsea services provider Bibby Offshore Holdings Limited said it has completed the recapitalization of its balance sheet announced on December 5, 2017. The agreement to recapitalize the balance sheet was approved January 10 by…

Dozens of U.S. Companies Bet on Nuclear Power Revolution

The Pentagon's top arms provider and firms partly funded by Silicon Valley billionaires Bill Gates and Paul Allen are among dozens of companies collectively betting more than $1.3 billion that a new wave of nuclear power can be a force to fight climate change.