Ocean Power Technologies, Inc.today announces financial results for its fiscal 2012 first quarter ended July 31, 2011. Recent Highlights *Revenue for the quarter was $1.9 million, compared to $1.4 million for the prior year, reflecting an increase in revenue from OPT’s project with the US Navy for m
The oil and gas group PA Resources continues its drilling campaign in Licence 12/06 in the Danish North Sea with the commencement of drilling of an exploration well at the Lille John prospect. In July an exploration well was drilled on the Broder Tuck prospect on the Danish License 12/06 and gas and
Samsung Heavy Industries has successfully developed the industry’s first membrane-type cargo hold for LNG tankers. With this, the company has finally tackled the last unsolved development initiative for the Korean shipbuilding industry, which was the cargo hold manufacturing technology for LNG tanke
African Petroleum has completed drilling the first well (Apalis-1) in deep water offshore Liberia in Block LB-09. The results of Apalis-1 confirm Blocks LB-08 and LB-09 (100% owned by African Petroleum) are located in a prospective oil basin, which is a major step forward. The geological and geophys
Bulgaria’s Government said on September 7 it has allowed British oil and gas explorer Melrose Resources to use a seismic vessel by the … (sofiaecho) [mappress] Source: sofiaecho, September 09, 2011;
The NYK Group conducts accident-response training exercises regularly and, to prepare for unforeseeable circumstances, the group cooperates with anti-terrorism and anti-piracy training exercises conducted in various countries to enhance the crisis-response capability of group employees. – Anti-terro
A contract for mooring equipment for a pipelaying barge marks Cargotec’s successful entry to the Vietnamese offshore market In July this year, Cargotec won a contract from the joint stock company Vinh Nam (VAM JSC)/TECMACH to supply mooring equipment outfits for Vietsovpetro’s 110m-long by 30.5m-bre
Marlink, the global provider of maritime satellite communications, has signed an agreement with Wilson Ship Management, one of the largest shipping operators in the European short sea segment, to provide 80 of its ships with SCAP FleetBroadband on a 36 month contract. The contract is a full service
The construction of 15 new river-sea tankers under RST27 project (capacity – up to 6.9 thousand of tons) was launched at the Krasnoe Sormovo plant (Nizhniy Novgorod, Russia). The customer of new vessels is Volgo-Balt-Tanker, LLC, the subsidiary of holding’s company B.F. Tanker. Five new tankers are
A contract for mooring equipment for a pipelaying barge marks Cargotec’s successful entry to the Vietnamese offshore market. In July this year, Cargotec won a contract from the joint stock company Vinh Nam (VAM JSC)/TECMACH to supply mooring equipment outfits for Vietsovpetro’s 110m-long by 30.5m-br
Nautilus Minerals Inc has received gross proceeds of C$70.5 million from the issue of the first tranche of shares forming part of the recently announced private placement. A total of 27,987,853 shares were issued today in the first tranche at an issue price of C$2.52 per share. The shares formed par
JDR, the leading provider of specialist high performance subsea cables and umbilical systems for the offshore oil, gas and renewables market announces that Andrew J. Norman will join the company as Chief Executive Officer on 19 September 2011. Andrew joins from Dresser Flow Technology Europe, where
Total announces a major gas discovery in the Caspian Sea in the Absheron block offshore Azerbaijan. The Absheron X-2 well has encountered more than 500 feet of cumulated net gas pays within high quality sands on the northern flank of a major 270 square kilometres structure. Reservoirs are expected t
DeepOcean AS has been awarded a 1 year option by Statoil for the vessel Edda Flora under the existing frame agreement for Inspection, Maintenance and Repair (IMR) the company holds with Statoil. Edda Flora is now committed until 1st December, 2012. The award represents a significant addition to Deep
