Austria News

Walter Munk, 2017 (Photo: Erik Jepsen/UC San Diego)

Walter Munk: 1917-2019

;Scripps oceanographer Walter Munk (right) and Scripps Director Harald Sverdrup at Munk's graduation, 1946. (Credit: UC San Diego/ Scripps Institution of Oceanography)Rebellion and romance played a role in Munk’s journey to a science career at Scripps. He was born on Oct. 19, 1917, in Vienna, Austria, to a cosmopolitan banking family. In 1932, when he was 14, his family sent him to New York for school with the expectation that his time in the financial capital would prepare him for his own career in banking. After spending a few years working at the firm of a family friend, Munk decided he had

Pipelay of the Nord Stream 2 Pipeline has started in Finland (Photo: Allseas)

US warns sanctions still an option against Nord Stream 2

want to put ourselves in that position."Gazprom is the sole shareholder in Nord Stream 2, shouldering half of the 9.5 billion euro ($10.7 billion) construction cost. Gazprom's Western partners are Germany's Uniper and Wintershall, Anglo-Dutch group Royal Dutch Shell, France's Engie and Austria's OMV.($1 = 0.8888 euros)(Reporting by Alastair Macdonald; Editing by Adrian Croft

© Nord Stream 2 / Thomas Eugster

Nord Stream 2 Gas Pipeline is 70% Financed so Far

55 billion cubic metres of gas a year, is owned by Gazprom, which is taking on half of the planned costs of 9.5 billion euros ($11 billion).The rest is divided between five European energy companies - Germany's Uniper and Wintershall, Anglo- Dutch group Royal Dutch Shell, France's Engie and Austria's OMV.($1 = 0.8679 euros)(Reporting by Vladimir Soldatkin; Editing by Susan Fenton

NORBIT Establishes Oceans Business Unit

markets enables us to offer technology, products, solutions and services across the entire ocean space domain,” says Per Jørgen Weisethaunet, chairman and group CEO of NORBIT.NORBIT is an international technology corporation headquartered in Trondheim, Norway, and has operations in Germany, Austria, Hungary, Sweden, Poland, Italy, Iceland, U.K., Brazil, Singapore and U.S.“The creation of NORBIT Oceans gives our customers access to a much more diversified ocean-related technology portfolio. Plus, our global marketing and distribution network allows us to support the same customers wherever

An ROV operates from the vessel Trio to explore the seabed close to Lubmin, Germany. (File photo: © Nord Stream 2 / Axel Schmidt)

Nord Stream 2 Dredging Starting Off German Coast

of 2018 or early next year.Denmark still has to rule whether the pipeline can be built near its coast, for which there is no concrete timing.Other routine permissioning processes are still under way in Sweden and Russia.Gazprom's Western partners are energy companies Uniper , Wintershall, Engie, Austria’s OMV and Anglo-Dutch group Shell.Poland's anti-monopoly office said last week it had launched proceedings against Gazprom and the five European firms financing Nord Stream 2 over a potential breach of anti-monopoly laws.Poland sees the Nord Stream 2 pipeline, which would double Russia'

Arctic drilling: the Polar Pioneer in Norway’s arctic waters (Photo: Harald Pettersen, Statoil)

Norway's Heavyweights & Entrepreneurs

fine at $60 oil, he says, as most four-slot subsea fields are near infrastructure: oil at $50 to $60 works fine for subsea tiebacks.   In the remoter Barents Sea, where costs are affected by environmental concerns, the Norwegian outifts of foreign-owned oil companies are also making their mark. Austria’s OMV is developing the Wisting project as part of its 33 license portfolio. “Hopefully we’ll grow even further,” says Norway boss, Lars Drag. He has his hands full with Wisting concept studies, in which a subsea tieback with manifold, water and injection and floating storage

Palfinger's potential acquisition of Harding will help it be less dependent on the whims of the offshore energy markets. (Photo: Palfinger Marine)

Maritime Consolidation: Palfinger Aims to Acquire Harding

As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire 100% of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group. The seller is the Norwegian private equity fund Herkules. Harding is a leading suppliers of lifesaving equipment and lifecycle services for maritime installations and ships. Through this acquisition, PALFINGER will add new products and an international service network to its marine business.  Subject to the positive outcome of the due diligence

GE Interested in German Offshore Wind, Eastern Europe

Electric, fresh from taking on the offshore wind business of rival Alstom, is positioning itself in Germany's expanding offshore wind sector and looking at eastern Europe.   "German offshore wind has become very important for us," Carlos Haertel, chief executive for GE Germany & Austria, told Reuters in an interview.   "Onshore wind in eastern Europe and the Balkan countries is currently interesting, especially in Poland and Romania," he said.   GE, the world's third-biggest wind turbine manufacturer by market share after Denmark's Vestas and China's Goldwind

Paul Bunje (Photo courtesy of XPRIZE)

Teams Vie for $2m Ocean Health XPRIZE

, a company with expertise in the development of sensors for ocean exploration. •National Oceanography Center UK (Southampton, England), a team of scientists and engineers from the National Oceanography Centre, a leading marine science research and technology institution. •Optode Team Austria (Graz, Austria), a team comprised of students and scientists from the Institute of Analytical Chemistry and Food Chemistry at the Graz University of Technology. •OSU FABE Sastry lab (Columbus, Ohio), a team of scientists and engineers from Ohio State University’s Department of Food,

Photo Credit: O. Baranova

Man-made Warming the Main Cause of Glacier Retreat -Study

to simulate all factors that could explain the retreat. It found that natural variations were not enough on their own, meaning man-made greenhouse gases played an increasing role. "This is more evidence of human influence on the climate," Ben Marzeion, of the University of Innsbruck in Austria and lead author of the study, told Reuters. The scientists estimated that human influences accounted for only about 25 percent of glaciers' total retreat since 1850 - meaning that natural swings in the climate, such as changes in the sun's output, have long been dominant. Little Ice Age Many

BV Opens doors to Their Testing Labs in Germany

successfully opened the doors to their testing laboratories in Hamburg and Schwerin on the 9th and 10th July. The event, which was themed around new chemical requirements for consumer products, attracted over 100 clients coming not only from Germany, but also from France, Belgium, Spain, Turkey, Brazil, Austria and the United Kingdom. The event was the opportunity to celebrate the 20th anniversary of the Schwerin laboratory, one of the most modern laboratories within the Bureau Veritas network. At this location, around 150 employees are specialised in chemical testing of virtually all types of consumer

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