Rocksource ASA announces that the Company has entered into a farm-in agreement for a 15 per cent stake in a Production License in the Norwegian Sea. The license partnership is expected to take a drill or drop decision later this fall. If a positive drill decision is reached, an exploration well coul
Niko Resources has announced that drilling operations on the Lebah‐1 well, located on the North Ganal PSC in the Makassar Strait of Indonesia, have been completed by PSC operator Eni. The well reached a vertical depth of 11,585’ while testing all the pre drill geologic objectives. The well has been
Finnish wave energy developer, Wello Ltd, has on September the 11th released further test results of the Penguin wave energy converter installed in Orkney, Scotland. The Penguin wave energy converter survived first heavy storms in Orkney when the device was battered with over 12 meters waves. Even t
The Department of Land and Natural Resources (DLNR) and the U.S. Army Corps of Engineers, Honolulu District (Corps) signed a $3 million cost-share agreement today to develop a watershed plan to support the West Maui “Ridge to Reef” Initiative. The Initiative is one of the first efforts in the state
Lerwick Port Authority is maintaining the momentum of development at the harbour, with the go-ahead for two further projects which will benefit a range of users, including the fishing industry and the offshore oil and gas sector. Plans for a new white fish market have taken another major step forwar
On 10 September 2012 in Busan (South Korea) a naming ceremony of a new SCF tanker Georgy Maslov took place. The vessel was named after a distinguished figure in the modern history of the Russian commercial shipping, a former head of all-Union association “Sovfracht” – Georgy Maslov. It is the second
Knightsbridge Tankers Limited announces that the sale of the VLCC Hampstead, which was discussed in the second quarter earnings release dated August 14, 2012, was not completed due to the buyer’s default. The sale was, therefore, cancelled and Knightsbridge will retain the deposit received in the am
Ocean Renewable Power Co., a Maine company is the first developer of tidal energy to get a commercial project on the grid in North America. According to The Chronicle Herald, the company’s turbine in Maine’s Cobscook Bay started producing electricity last week, however it will not officially start p
Aberdeen Harbour Board has commenced a major feasibility study into the potential expansion of facilities at the port. Continued growth in traffic and cargos, as well as an increase in the size of the vessels has prompted the study, as projections indicate that Aberdeen Harbour will remain the princ
A unique voyage of discovery into open waters off northern Australia starts today, when an Australian Government research vessel with 11 marine scientists aboard leaves Broome. The 21-day survey of marine life is being undertaken under the auspices of the Australian Government’s National Environment
Acadia celebrated the Official Opening of the Acadia Tidal Energy Institute on Tuesday, 11 September, in the Festival Theatre (across the street from the Beveridge Arts Centre) in Canada. Acadia’s long history of Bay of Fundy tidal energy initiatives dates back to 1915 when Acadia Engineering Profes
Stork Technical Services Subsea today announces it will create 10 new positions and invest £2million in its vessel fleet after securing a raft of new contracts. The contract awards, which total more than £10 million, will see Stork Subsea deliver a range of IRM (integrated inspection, repair and mai
Gardline Geosciences Limited, specialists in the offshore geotechnical and geophysical market, and Canyon Offshore Ltd, specialists in subsea robotics, trenching and seabed intervention, announced a 3-year strategic alliance to provide seabed drilling, sampling and in-situ services to complement Gar
Lundin Petroleum AB (Lundin Petroleum) announces that it has completed Berangan-1 well in SB303 Block, offshore Sabah, Malaysia, as a gas discovery. Berangan-1 is a vertical well drilled to a depth of 1,709 metres in approximately 70 metres water depth. The well penetrated a gross gas column of over
