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
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
Top representatives of GDF Suez E&P Nederland, Chevron E&P Netherlands and NAM, the joint venture of Shell and ExxonMobil, share their vision on the future of North Sea gas production during the Offshore Energy conference. The conference will take place on 11 and 12 October in Amsterdam and will run
Those commissioning maritime construction projects will soon be able to assure themselves that their jack-up operators are competent and safe. The International Jack-Up Barge Owners Association (IJUBOA) has published its Code of Practice and set up a scheme to recognise the competence of existing ba
Development of Shipping and Ports Facilities will play significant role in supporting growth of ocean energy industry The Sustainable Energy Authority of Ireland (SEAI) in conjunction with the Irish Maritime Development Office (IMDO) have published the first report on the future shipping and ports r
Development of Shipping and Ports Facilities will play significant role in supporting growth of ocean energy industry The Sustainable Energy Authority of Ireland (SEAI) in conjunction with the Irish Maritime Development Office (IMDO) have published the first report on the future shipping and ports r
FMC Technology, a Houston, TX based oil and gas services and manufacturing firm, is expanding its Scottish operations in Bellshill and Dunfermline and creating 240 new jobs, Scotland’s Enterprise Minister Fergus Ewing announced. On a visit to the company’s base in Bellshill, south east of Glasgow, t
Research underway at the University of Aberdeen using an intrinsically safe tool developed by CorDEX Instruments is set to provide a new model for corrosion assessment to enhance oil and gas safety. The aim of the research is to shed light on how corrosion develops spatially on steel pipelines and v
DNV has developed a protocol to ensure diver safety and weld integrity for the most challenging subsea welding jobs where traditional pressure testing is not possible. The welding of new connections on to operational subsea pipelines as satellite wells are added to increase production in an offshore
On behalf of its co-venturers BP announces an agreement to invest up to £700 million to progress a project to develop the Kinnoull reservoir in the central North Sea. Kinnoull is the largest of three reservoirs that are being developed as part of the Andrew Area developments project, and contains 45
In a detailed assessment of the Deepwater Horizon oil spill, researchers led by a team from the Woods Hole Oceanographic Institution (WHOI) have determined that the blown-out Macondo well spewed oil at a rate of about 57,000 barrels a day, totaling nearly 5 million barrels of oil released from the w
Dorset’s famous River Stour has received a major boost with the successful completion of river restoration work at Glen’s Weir on the … (dorsetecho) [mappress] Source: dorsetecho, September 6, 2011;
Aubin, a leading independent supplier of specialist chemicals to the energy industry, has successfully completed offshore sea trials for the recently launched Gel Lift System (GLS). GLS, a potentially game-changing new product that could save millions of pounds when installing offshore renewables in
Aubin, a leading independent supplier of specialist chemicals to the energy industry, has successfully completed offshore sea trials for the recently launched Gel Lift System (GLS). GLS, a potentially game-changing new product that could save millions of pounds when installing offshore renewables in
