Wednesday, June 19, 2019

Eastern Europe News

LNG Capital Expenditure to Double

A strong recovery in expenditure on LNG facilities now underway worldwide driven by a growing demand for natural gas. The new eighth edition of Douglas-Westwood’s (DW) World LNG Market Forecast expects that global Capex will total nearly $228bn during the 2013-2017 period, an increase of 109% over the preceding five years. The spending surge includes capital expenditure on base-load onshore and offshore fixed LNG liquefaction, LNG carriers and LNG regasification via both onshore and offshore fixed import terminals.

Manning Agency Blacklisting Blights Seafarers

The Apostleship of the Sea (AoS) writes to condemn crewing agency practice of blacklisting certain seafarers. The report “Construction industry faces claims for compensation over blacklist” (October 19) brings to mind the blacklisting also occurring in shipping. Seafarers are usually recruited by manning agents in labour supply countries such as the Philippines and eastern Europe. Port chaplains visiting seafarers tell of the palpable fear of being blacklisted. Conditions on ships can be tough…

(Source: Douglas-Westwood)

Offshore O&M Expenditure Forecast: $335B in 5 Years

More than $335 billion worth of expenditure is expected over the next five years on offshore oil & gas operations & maintenance (O&M), according to a new report, The World Offshore Operations & Maintenance Market Forecast 2012-2016, by Douglas-Westwood (DW). Growth of 8% in expenditure is forecast annually 2012-2016, with O&M markets considerably less vulnerable to downturn than their capital-led counterparts. The underlying driver for all activity, both onshore and offshore, is the growth in global energy demand which…

DEUTZ at CTT

Cologne-based engine manufacturer DEUTZ is exhibiting at CTT again this year, one of the leading trade fairs for the construction industry in Russia and eastern Europe. Taking place from 31 May to 4 June 2011, CTT features a diverse range of innovative, advanced construction equipment and technologies in an exhibition space of over 90,000 square metres. It is an ideal platform for the 650 exhibitors from 23 countries to access the Russian and eastern European markets. Representing the new generation of engines for the Tier 4 Interim emissions standard…

Tognum Expands Production Network

Friedrichshafen, 21 March 2011. The specialist for propulsion and power solutions Tognum is expanding its production capacity in Europe. Tognum is to invest several million euros in the next few years in the lead plant in Friedrichshafen and in a new facility in Eastern Europe, in order to bring its production and assembly capacity in line with the significant growth expected in the years ahead. The investments, which were recently approved by the Supervisory Board, are the result…