President Obama’s fiscal year 2014 budget request, announced yesterday, includes $169.4 million to fund the Bureau of Ocean Energy Management (BOEM), which is charged with managing the Nation’s offshore energy and mineral resources in a way that promotes efficient and environmentally responsible ene
On March 26th, the Ocean Renewable Power Company (ORPC) submitted its first annual environmental monitoring report for the Cobscook Bay Tidal Energy Project to the Federal Energy Regulatory Commission (FERC), which details the 2012 construction, installation, and operational activities of ORPC’s gri
Fastnet Oil & Gas plc the E&P company focused on near term exploration acreage in Morocco and the Celtic Sea, announced that an independent assessment of the Company’s prospective resources on licensing option 12/5 (“Shanagarry” or the “Licensing Option”) has been completed by SLR Consulting. Fastne
Tidal Lagoon (Swansea Bay) Plc has launched a £10m investment offering, providing private investors with a tax efficient opportunity to back the development of the UK’s largest tidal range power project based in Swansea Bay. A further local community share offering will be launched within the next f
On Tuesday, April 9, the U.S. Department of Energy (DOE) Water Power Program notified potential future applicants of an upcoming Funding Opportunity Announcement tentatively titled, “Marine and Hydrokinetic (Wave) Testing Infrastructure Development.” DOE intends to fund two university- or national l
Sonardyne International Ltd.’s Ranger 2 USBL acoustic positioning system has played an important role in the recent discovery of the world’s deepest known undersea volcanic vents by a team from the National Oceanography Centre (NOC) in Southampton. The expedition used Ranger 2 to track the Remotely
Wilhelmsen Ships Service (WSS) is increasing its offer to clients in the offshore vessel and energy production sectors in 2013, with a strong focus on opportunities in Singapore and South East Asia. WSS has been supplying the Offshore Supply Vessel (OSV) market for more than 30 years, but going forw
The spring is bringing new steps forward for Maine’s offshore wind development, as two test projects progress toward their next phase. The University of Maine is leading a team that will launch a USD 1 million prototype of its planned Aqua Ventus floating turbine off Castine in May. The prototype, w
Reliable information on the depth and floor structure of the Southern Ocean has so far been available for only few coastal regions of the Antarctic. An international team of scientists under the leadership of the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research, has for the f
Edward Davey, secretary of state for Energy and Climate Change praised Siemens for its investment in innovative marine technologies at the opening of its new testing and assembly facility in Bristol. The new 25,000 square feet facility will be the base for the development of next- generation drive t
AXYS Technologies Inc. (AXYS) announces a contract award from the Woods Hole Oceanographic Institution to provide up to 24 TRIAXYS™ Next Wave Directional Wave Sensors as a component of the Ocean Observatories Initiative (OOI). The OOI, a project funded by the National Science Foundation (NSF) and ma
InterMoor do Brasil Serviços Offshore de Instalaçao Ltda (InterMoor), an Acteon company, has been awarded a construction license to build facilities at the new Industrial Complex of Açu Superport located in São João da Barra in northern Rio de Janeiro, Brazil. Construction of the Service Base will c
ResHydro, a U.S.-based tidal power company, has decided to invest in Scotland by establishing an operations base there, the Scotsman informs. The company will work together with the University of Strathclyde on developing its hydrokinetic energy generation device. Scottish Enterprise will support Re
Following the successful completion of the pre-production well test in September 2012 and a new 3D seismic survey, Xcite Energy announces the results from its updated reserves assessment report as prepared by TRACS. Highlights · Mean PIIP for the Bentley field of 909 MMstb, increased from 550 MMstb
