In the 1970s the UK invested about 0.15% of GDP each year in research and development (R&D) into providing cheaper and cleaner energy. Britain was putting more public money into nuclear power and other new sources of electricity than almost any other economy.
Orion Marine Group, Inc. a leading heavy civil marine contractor serving the infrastructure sector, today announced a project award of approximately $26 million. Orion Marine Group’s wholly owned subsidiary, F. Miller Construction, LLC. recently received a project award from the Louisiana Department
RWE Dea will be investing 3.6 billion US-Dollars in the field development in the North Alexandria and West Mediterranean Deep Water concessions – the biggest single investment for the upstream company to date. Together with the Egyptian Petroleum Minister Sameh Fahmy, the Egyptian state-owned compan
Dril-Quip, Inc. announced that it has been awarded a contract valued at approximately US $100 million by FloaTEC de Mexico S.A. de C.V. to supply drilling and production equipment for the P-61 Tension Leg Wellhead Platform (TLWP) to be installed in the Papa Terra field located in the Campos Basin of
Halliburton announced today that income from continuing operations for the second quarter of 2010 was $474 million, or $0.52 per diluted share. Net income for the second quarter of 2010 was $480 million, or $0.53 per diluted share. This compares to net income for the first quarter of 2010 of $206 mi
Norwegian Energy Company ASA has entered into an agreement to sell its 20% interest in PL378 to Talisman Energy Norge AS for a consideration of USD 43 million. The license contains the Grosbeak oil discovery. “We are pleased to be part of the exploration success and to be able to monetize the Grosbe
The Michigan Great Lakes Wind Council will hold meetings in Dearborn and Grand Rapids this week to get input on development of offshore wind… By Dustin Dwyer (publicbroadcasting) [mappress] Source: publicbroadcasting, July 19, 2010;
BW Offshore has signed a contract with Kangean Energy Indonesia (“KEI”) for a gas FPSO to operate on the Terang Sirasun Batur (“TSB”) fields in Indonesia. The partners of KEI are PT Energi Mega Persada (50.0%), Mitsubishi Corporation (25.0%) and Japan Petroleum Exploration (25.0%). BW Offshore has s
German industrial concern Siemens has acquired a 49% stake in A2SEA, a supplier of installation services for offshore wind farms. [mappress] Source: denmark, July 16, 2010;
The Lake Erie project, the first freshwater offshore wind farm in the U.S., will use GE’s next-generation wind turbine, the largest in its… [mappress] Source: ecofriendnews, July 16, 2010;
Sierra Gold Corp., today announced that during the first 6 months of 2010 the Company produced 197 oz of gold and 137 pieces (52 carats) of… [mappress] Source: finance, July 16, 2010
Proserv Offshore, a global provider of subsea maintenance, abandonment and decommissioning solutions and services to the offshore energy… [mappress] Source: marinelink, July 16, 2010;
Total announces the signature of an agreement to acquire Chevron’s 45.9% interest in Block 1 in the Joint Development Zone (JDZ). Total will operate the block in partnership with Addax Petroleum JDZ 1 Limited, Dangote Energy Equity Resources and Sasol Exploration and Production Nigeria Limited. The
Russia and Germany will set up an offshore wind joint venture, as stipulated by a partnership agreement signed between “Rostechnologies”… [mappress] Source: ruvr, July 15, 2010;
