Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
Royal Boskalis Westminster announced today that it has won three energy related contracts for diverse projects in the North Sea and Irish Sea worth a total of over EUR 110 million (US$144 million).
First, Boskalis says it has partnered DONG Energy and Scottish Power Renewables for the partial construction of the “West of Duddon Sands” offshore wind park located in the Irish Sea. The EUR 70 million contract includes seabed preparation and the transport and installation of 108 wind turbine foundations. The project will be carried out by one of Boskalis Offshore’s fallpipe vessels, with the help from SMIT Marine tugs and Volker Construction International. Boskalis says the work is expected to begin in the early 2013 and is schedule to be completed mid-2014.
The second contract announced today includes stone-dumping work on behalf of Seajacks, experts in offshore wind turbine installations, for the Meerwind offshore wind park that is being developed offshore Germany in the North Sea. Boskalis says that this project will the placement of an erosion protection filter layer on the seabed using a fallpipe vessel, after which Seajacks will install 80 wind turbine foundations. Work on this project is expected to commence in August with completion expected in mid-2013.
Finally, Boskalis, through SMIT Subsea, has won a contract to carry out inspection, repair and maintenance work around 20 offshore oil production platforms and infrastructure for Maersk Oil in the Danish section of the North Sea. The work will be carried out using two of SMIT’s Diving Support Vessels. Boskalis says these activities will take place in the course of 2012.
Boskalis says its strategy is aimed at benefitting from key macro-economic factors which drive worldwide demand in our markets: expansion of the global economy, increase in energy consumption, global population growth and the challenges that go hand in hand with climate change. These projects are closely related to the development of generating renewable energy due to climate change and increasing energy consumption.
Join the 63,050 members that receive our newsletter.
Have a news tip? Let us know.