Exxon Mobil Corporation is commencing development of the Julia oil field in the Gulf of Mexico. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion. The field was discovered in 2007 and is estimated to have nearly six billion barre
In their new study entitled “Offshore Wind Toward 2020 – On the Pathway to Cost Competitiveness“, the experts at Roland Berger Strategy Consultants state that they expect Europe to have installed offshore wind capacity of 40 GW by 2020. In the same year, global investment to ramp up offshore wind po
Lockheed Martin has announced that it is working with Reignwood Group to develop an Ocean Thermal Energy Conversion (OTEC) pilot power plant off the coast of southern China. A memorandum of agreement between the two companies was signed in Beijing on Saturday. Following the ceremony, both companies
Lockheed Martin is progressing with Ocean Thermal Energy Conversion.The company has recently signed a memorandum of agreement with Reignwood Group to develop an Ocean Thermal Energy Conversion (OTEC) pilot power plant off the coast of southern China. Known as OTEC, this technology generates electric
Fundy Tidal Inc. (Fundy Tidal), Acadia University, and Dalhousie University’s Department of Oceanography will continue R&D activities to identify the best locations for small-scale tidal power projects in Digby County bolstered by a three-year, $3.3 million research project. Funding of $1.6 million
TAQA today issued an update regarding the situation at the Cormorant Alpha platform in the UK North Sea. After two hydrocarbon releases within a leg of the Cormorant Alpha platform in January and March, TAQA has accelerated a long-term inspection, repair and maintenance programme that has been under
Wave energy developer, Carnegie Wave Energy Ltd. announces that the Irish Minister for the Environment, Community and Local Government, Mr Phil Hogan T.D., has approved its application for a Foreshore License in respect of site investigation works between Freagh Point and Spanish Point, Co. Clare. T
The World Intellectual Property Organization (WIPO) published a patent of a combined offshore power generation structure on May 2, designed by a South Korean inventor Hwal Jin Jang. The summary of the invention says: In recent years, offshore wind power generation structures, offshore tidal power ge
The World Intellectual Property Organization (WIPO) published a patent of a combined offshore power generation structure on May 2, designed by a South Korean inventor Hwal Jin Jang. The summary of the invention says: In recent years, offshore wind power generation structures, offshore tidal power ge
Saab Seaeye has expanded its international presence by opening an office in Houston, Texas. The company is already the world’s largest manufacturer of electric remotely operated underwater vehicles with distributors in 26 countries and over 700 systems sold worldwide. “The move places us in an ideal
MMT Group AB (Gothenburg, Sweden) and Reach Subsea AS, an integrated Subsea Service Provider (Haugesund, Norway), have signed a Letter of Intent for the purpose of establishing a new Joint Venture within Offshore Survey Operations. The Parties have for some time, together with the engineering compan
MMT Group AB (Gothenburg, Sweden) and Reach Subsea AS, an integrated Subsea Service Provider (Haugesund, Norway), have signed a Letter of Intent for the purpose of establishing a new Joint Venture within Offshore Survey Operations. The Parties have for some time, together with the engineering compan
Fundy Tidal Inc. (Fundy Tidal), Acadia University, and Dalhousie University’s Department of Oceanography will continue R&D activities to identify the best locations for small-scale tidal power projects in Digby County bolstered by a three-year, $3.3 million research project. Funding of $1.6 million
Clariant Oil Services announced that it’s investment in a new laboratory facility is on track for completion in Q3 2013. The facility will be in the new Clariant Oil and Mining Services global headquarters campus, located in The Woodlands, Texas. “The 64000 square foot complex, including offices, la
