For the third year in a row, with the help of the Captain Morgan brand, a team of leading U.S. archaeologists returned to the mouth of the Chagres River in Panama in search of real-life buccaneer Captain Henry Morgan’s lost fleet. “Morgan was one of the most infamous privateers of all time, so for m
Chevron Corporation today reported earnings of $7.2 billion ($3.66 per share – diluted) for the second quarter 2012, compared with $7.7 billion ($3.85 per share – diluted) in the 2011 second quarter. Sales and other operating revenues in the second quarter 2012 were $60 billion, compared to $67 bill
MeyGen Ltd. announced the formal submission of consent applications for the MeyGen Phase 1 Tidal Energy Project. The offshore application has been submitted and will be determined by Marine Scotland Licencing Operations Team and the onshore applications are to be determined by The Highland Council.
Atargis Energy Corporation recently completed a successful testing campaign at the Texas A&M Offshore Technology Research Center in College Station, TX. This testing campaign was designed to establish the performance of the Atargis proprietary Cycloidal Wave Energy Converter (CycWEC) in a large offs
Petroleum Geo-Services ASA announced the second quarter and first half 2012 results. The company highlights of the second quarter 2012 are revenues of $404.8 million, up 24% from Q2 2011; record MultiClient revenues of $236.0 million, up 48% from Q2 2011; marine Contract revenues of $128.5 million,
FuelCell Energy, Inc., a leading manufacturer of ultra-clean, efficient and reliable fuel cell power plants, announced a $3.8 million contract award from the U.S. Navy to develop and test a Hybrid Solid Oxide Fuel Cell (SOFC)-Battery power system for large displacement undersea vehicle propulsion. T
Saudi Telecom Company (STC) has organized the regular international conference for the submarine project (IMEWE). The conference, which included investor and regulation committees, took place in Riyadh, from the 16th to the 18th of July, 2012. Senior executives and representatives of corporate partn
Vattenfall, Swedish power company, will see its DanTysk offshore wind farm connected to the Germany’s power grid with the delay of up to five months, reports Boomberg. Siemens spokesman Torsten Wolf stated the link is planned to be completed by the spring 2014 even though it was planned to be ready
CGGVeritas announced today its non-audited second quarter 2012 consolidated results. The company has reached a total revenue of $831 million, up 11% compared to last years $751 million. The company also reports a strong increase in operating income at $85 million. CGGVeritas CEO, Jean-Georges Malcor
Zamtel, Zambia’s only total telecom solution service provider, has completed its connection to two submarine cables, the West Africa Cable System (WACS) and Sat-3, through Telecom Namibia. According to PC Advisor, Zamtel now has the capabilities to deliver 600Mbps of Internet to its customers. The Z
Searcher Seismic completes the acquisition of the Duvalia 2D Seismic Survey in Carnarvon Basin, Australia. The Duvalia Survey comprises approximately 3,302km of new, long-offset 2D seismic data. The survey provides coverage over 2012 Federal Acreage Releas blocks W12-10 and W12-11. The presence of a
Fairfield Energy confirms that an ROV (Remotely Operated Vehicle) survey carried out following repairs to the company operated Osprey subsea manifold has identified the need for further repairs before operations at Osprey can resume. As it will take some time to source the equipment required to comp
Kreuz Holdings Limited, a subsea service provider for the oil and gas industry, announced that it has won a contract worth approximately US$13 million from a leading offshore company in the oil and gas business to provide subsea installation services in Southeast Asia. The work is scheduled to comme
The Bermuda National Museum is conducting salvage operations of the naval warship Warwick that was hit by a hurricane in October 1619 and driven into the rocky shore of the Bermuda. According to maritime-executive.com, in 1969 Mendel Peterson, a famous Bermuda shipwreck hunter, located the remains o
