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28.04.2020 (852 Clicks)

COP26 President closing remarks at Petersberg Climate Dialogue

COP26 President Alok Sharma's closing remarks at the 11th Annual Petersberg Climate Dialogue, a virtual conference co-hosted by the UK and Germany.

28.04.2020 (854 Clicks)

Hochtief AGM – Strong Liquidity and Order Book

• Nominal net loss of EUR 206 million due to BICC one-off effect
• Operational net profit up 28% to EUR 669 million
• Strong liquidity and order book

28.04.2020 (701 Clicks)

Flender to expand in Western Australia with a new purpose-built Facility

Flender, a leading global supplier of mechanical drives and a subsidiary of technology giant Siemens has announced plans for a expansion into Western Australia with a new state-of-the-art facility in Tonkin Highway Industrial Estate in Bayswater. The move comes as Flender continues to grow in the region and looks to expand its operations in Western Australia to meet increasing customer demand, especially in wind energy and mining sectors.

27.04.2020 (799 Clicks)

ProfilGruppen appoints new CFO

ProfilGruppen has appointed Niklas Danielsson as new Group CFO. Niklas is 53 years old, has a degree of master of science in business administration and is currently working as Head of Finance for the technical consultancy company Rejlers Sverige AB.

27.04.2020 (785 Clicks)

Gisera examines Hydraulic Fracturing Impacts on Air Quality, Soils, Groundwater and Waterways

A comprehensive three-year scientific study into the air, water and soil impacts of hydraulic fracturing in Queensland has found little to no impacts on air quality, soils, groundwater and waterways.

The study also found current water treatment technology used for treating water produced from coal seam gas wells is effective in removing hydraulic fracturing chemicals and naturally occurring (geogenic) chemicals to within relevant water quality guidelines.

27.04.2020 (1235 Clicks)

Miners welcome ACCC OK for COVID-19 cooperation

The Queensland Resources Council has welcomed the interim authorisation granted by the Australian Competition & Consumer Commission (ACCC) to allow resource companies to co-ordinate on sourcing crucial supplies during the COVID-19 pandemic.

27.04.2020 (794 Clicks)

Mining: HÖRMANN enters the Brazilian Market with its outdoor Warning Systems

Vallourec installs a modern outdoor warning system with electronic sirens from the German manufacturer in the iron ore mine of Pau Branco near the Brazilian town of Brumadinho to protect the population from deadly mudslides or tidal waves.

26.04.2020 (1422 Clicks)

Fugro completes Site Investigation for new Aswan Dam Bridge

Fugro has successfully completed a geotechnical site investigation to provide essential Geo-data for the design and construction of a new bridge over the Aswan Dam on the Nile river.

24.04.2020 (696 Clicks)

Wintershall Dea makes Discovery in Norwegian Sea

• Bergknapp oil discovery with resource estimate between 26–97 million boe
• Appraisal measures and development options being considered

Wintershall Dea, Europe’s leading independent gas and oil company, has made an oil discovery at the own-operated Bergknapp prospect in the Norwegian Sea, close to the Maria field. The well, drilled by the Scarabeo 8 drilling rig, encountered an oil column of at least 60 m in the Garn Formation and an oil column of at least 120 m in the Tilje Formation, with reservoir qualities ranging from poor to good. Initial recoverable resource estimates put the discovery at between 26 and 97 million barrels of oil equivalent. The license partnership will now initiate studies, investigate potential appraisal measures and development options for the discovery.

“This exciting discovery near existing infrastructure confirms the untapped potential of Norway as a core area for exploration, development and production now and in the future,” said Hugo Dijkgraaf, Wintershall Dea Chief Technology Officer and responsible Executive Board member for global exploration. “As a global company, Wintershall Dea is committed to Norway and to developing new fields like the Bergknapp discovery on the Norwegian Continental Shelf.”

Strategic exploration approach

With Maria and Dvalin Wintershall Dea already has fields in production and development in the area around Bergknapp. Exploring around existing infrastructure is part of Wintershall Dea’s strategy for Norway. Together with its partners, the company will consider future development options for the Bergknapp discovery taking into account the current market environment.

“The Norwegian Sea is a key area for Wintershall Dea Norge. Apart from our other Haltenbanken assets, we are also a key operator in the Vøring basin and have licenses in other areas of the Norwegian Sea. With our investment on the shelf, we are exploring and developing new fields, while also supporting our existing fields and infrastructure,” said Alv Solheim, Wintershall Dea Norge Managing Director.

Wintershall Dea is operator of the discovery in PL 836S with a 40% share. License partners are Spirit Energy Norway AS (30%) and DNO Norge AS (30%). The well will be temporarily suspended, while a future production test is being considered.

Wintershall Dea and Bergknapp

Wintershall Dea has been active on the Norwegian Continental Shelf for more than 45 years and is now Norway’s third biggest gas producer. Today the company has more than 100 licences – around a third of them as operator – and a production volume of 146,000 barrels of oil equivalent per day (2019). In the latest APA licence award in early 2020, Wintershall Dea was awarded nine additional new licences (three as operator) underpinning that Norway is one of its areas for growth.

About Bergknapp:

• Production Licence: PL 836S
• Norwegian Sea
• Distance to Maria field: 8 km
• Distance to shore (Kristiansund): 185 km
• Water depth: 312 m below sea level
• Partnership: Wintershall Dea (operator, 40%), Spirit Energy Norway AS (30%), DNO Norge AS (30%)

Source: Wintershall

                     

23.04.2020 (706 Clicks)

Sydney Metro Project: History made as Metro Tunnelling complete under Sydney Harbour

New twin metro railway tunnels deep under Sydney Harbour are complete in a historic milestone – with all tunnelling now finished on the Sydney Metro City & Southwest project.