Europe

Not-for-profit oil and gas technology facilitator ITF has announced it is to open a new office in the Middle East.

The organisation hopes that the new Abu Dhabi base, set to open in April, will attract new members and increase awareness of its global technology funding programme.

The office is being set up as part of ITF's international growth strategy that will also see new bases opening in the US, Australia and Asia-Pacific.

The New European Economy Awards has named the Eurail Group the best Sustainable Travel Provider 2010, it has been announced.

The awards recognise excellence, achievements and best practice in the international finance and commerce arenas.

Utrecht, Netherlands-based Eurail Group manages and markets the Eurail Pass on behalf of its stakeholders, and aims to educate business and leisure travellers about the advantages of travelling by train in Europe.

Det norske has entered into an agreement with Talisman Energy to acquire 10 per cent of the PL438 in the Barents Sea.

The licence contains the Skalle prospect, operated by Lundin Petroleum. Lundin will drill Skalle in June this year, using the Transocean Leader drilling rig.

The deal is set to strengthen Det norske's existing position in the Barents Sea.

Product testing and safety specialist Intertek has announced the acquisition of technical services provider Moody International for £450 million.

Moody provides technical inspection and staffing services, consulting and training, and global management system certification to engineering, procurement & construction companies, energy companies and component manufacturers in the energy sector. The company has 2,500 employees in 60 countries.

Switzerland-based engineering and construction group Foster Wheeler has won a contract to carry out an availability and reliability study on the possible expansion of Abu Dhabi’s Zirku oil processing facilities.

Foster Wheeler was awarded the contract by Abu Dhabi-based oil company Zakum Development Co (Zadco), formed in order to develop the Upper Zakum oil field on behalf of the Abu Dhabi National Oil Company and other shareholders, namely ExxonMobil and the Japan Oil Development Company.

Dutch construction firm Ballast Nedam has agreed to take over a proportion of the activities of its bankrupt Dutch rival Heddes.

Nieuwegein-based Ballast Nedham will take on 16 projects, collectively worth around €100 million, as well as Heddes’ small-scale construction activities.

Heddes Bouw & Ontwikkeling’s 100 employees will continue to operate from the company’s head office in Hoorn.

Heddes filed for bankruptcy on 16 February, having suffered from the effects of the slowdown in the construction industry.

ESB International (ESBI) has been awarded a contract by NamPower to provide technical advisory services for the development of the 800 MW Kudu combined cycle power plant at Oranjemund on the Namibia / South Africa border.

The power plant will use gas from the Kudu Gas field to produce electricity for Namibia and the Southern African Power Pool (SAPP). Increasing demand for electricity in Africa as economies in the region grow is continuing to put pressure on state utilities such as NamPower.

One of the most famous nautical names in the world offers a surprising mix of services, as Alan Swaby discovers.

There can’t be many ports which have an ancestry going back 2,000 years or which, at least these days, handles so little actual freight as Gibraltar. In many ways, it is unique—not just in terms of its location at the crossroads of the north-south and east-west shipping routes, but also in terms of its business mix.

Ford Motor Company announced today that its supply network is creating thousands of new jobs around the world to support the launch of the new Ford Focus.

Ford is using 310 suppliers in 22 countries to make parts for the new Focus, and many are adding jobs, facilities and equipment to meet demand for the vehicle. Suppliers have added 5,500 jobs at facilities in North America, Europe and Asia to produce parts for the new Focus.