Chatham Rock Phosphate has executed a charter agreement with Odyssey Marine Exploration, Inc. (Odyssey) under which Odyssey will undertake site investigation work for Chatham Rock Phosphate in its offshore permit area on the Chatham Rise. Reaching this agreement is an important milestone as it is ex
Hydrasun, announced it has seen strong growth in both its domestic and international markets over the last year. Chief Executive Bob Drummond announced that for the current year to date there had been a rise in sales of 25% on the previous year meaning the company was forecast achieve turnover of £8
Reference is made to the stock exchange notices dated 18 November 2011 regarding SeaBird Exploration PLC signing a share and purchase agreement with Fugro Norway AS related to Fugro’s acquisition of SeaBird Technologies AS and Seabed Navigation Co Ltd which collectively hold all of the Company’s rig
Wave energy developer Carnegie Wave Energy Limited announces the development and funding application for a 5MW CETO demonstration project off British Columbia, Canada. Carnegie, through its British Columbian based subsidiary Pacific Coastal Wave Energy Corporation (PCWE), has been developing the Ucl
Experts from Scotland’s world-leading wave and tidal testing hub the European Marine Energy Centre (EMEC) are to collaborate with their marine energy counterparts from the Ocean University of China (OUC) in Shandong Province under a new partnership announced by the First Minister Alex Salmond. The
ABB, the leading power and automation technology group, will invest over $ 400 million to double the capacity of its high-voltage cables manufacturing facility in Karlskrona, Sweden, to meet growing demand for subsea cables. The investment plan includes construction of new buildings and installation
Liquid Robotics®, an ocean data services provider and developer of the first wave-powered Wave Glider® marine robot, today announced the formation of its new Strategic Advisory Board (SAB). The SAB will serve in an advisory role to Liquid Robotics’ executive management team by providing key insights
Aker Solutions will announce at the company’s capital markets day that it is maintaining its ambition of 9-15 percent annual revenue growth for the period 2011-15 due to a favourable market outlook for the oil services industry. The company also maintains its ambitions of 3-4 percentage points EBITD
FINTEL inked an agreement with Tonga Cable Limited to construct Fibre Optic Submarine Cable, costing $40 million. The cable will link Nuku’alofa and Suva. The link will enhance communications, supply high speed internet, and access to the global information infrastructure, for the people of Tonga. R
His Excellency President Mohamed Nasheed has on the 6th of December, 2011, inaugurated the cable laying process under Dhiraagu Domestic Submarine Cable Network Project at H. Dh. Kulhuduffushi. The inauguration took place with the pulling of the cable ashore by the President and key dignitaries, whic
Saratoga Resources, Inc. announced that it is in advanced discussions with McMoRan Oil and Gas LLC (McMoRan) regarding a potential joint venture on Saratoga’s Long John Silver Prospect at Vermilion 16 field. While specific terms of the proposed joint venture are still being discussed and subject to
Total, operator of the Elgin/Franklin fields in the British sector of the North Sea, announces the purchase of GDF SUEZ’s share in the two fields for an enterprise value of €590 million. This participation is held through a 22.5% interest in the company Elgin Franklin Oil & Gas (EFOG). By giving Tot
Wood Group, the international energy services company, has been granted two contracts by Marine Well Containment Company (MWCC), the not-for-profit, independent company committed to improving capabilities for containing a deepwater well control incident in the U.S. Gulf of Mexico. Wood Group compani
MEO Australia Limited advises that it has received notification from the permit operator, Eni Australia Ltd (Eni), that acquisition of the Bathurst 3D seismic data over the Blackwood East area of permit NT/P68 has commenced. The field acquisition program is expected to be complete within 50 days. Un
