Chesapeake Energy and CNOOC Limited executed an agreement whereby CNOOC International Limited, a wholly-owned subsidiary of CNOOC Limited, will purchase a 33.3% undivided interest in Chesapeake’s 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas…
According to a September 7 report from The New York Times, China has leapt past the United States, installing its first offshore wind farm. Several other farms also are already under construction, and even the Chinese government's ambitious targets seem low compared to industry dreaming…
According to a September 6 report from Bloomberg, the German government’s plan to extend the phase-out of nuclear power risks hampering investment in offshore wind turbines. Utilities including E.ON AG and RWE AG may cut their investment in the industry to compensate for a tax of $3…
The Federal Energy Regulatory Commission (FERC) issued a notice stating that it received an application for a preliminary permit proposing to study the feasibility of a tidal energy project in Kootznahoo Inlet near the City of Angoon, Alaska…
U.S. Coast Guard Sector Northern New England (SNNE) crews partner with Ocean Renewable Power Company (ORPC) members to demonstrate the nation's most robust tidal energy program on, Aug. 24, 2010. Gov. John Baldacci, Congressman Mike Michaud and Capt…
According to the International Energy Agency’s July 2010 Oil Market Report, global oil demand through 2011 is projected to rise 1.6% or 1.3 mb/dyear‐on‐year to 87.8 mb/d, driven entirely by non-OECD country consumption, as OECD countries continue to see a gradual decline…
Imtech N.V. (technical services provider in Europe) is acting as technology partner of PlanetSolar, a solar energy powered ship. In 2011, PlanetSolar will set sail on a world cruise of approximately 50,000 km, with the aim of promoting solar…
The Vitol Group announced the opening of the Seaport Canaveral Terminal on the east coast of Florida. The terminal, built at a cost of around $130m, will deliver an independent supply of petroleum products to the state, create new jobs, and provide an important boost to the state's economy…
Over 70 Greek shipowners supported the Korean Register of Shipping’s (KR) 5th Hellenic Committee meeting held in Athens on October 15. Chaired by Adam Polemis, this important gathering meets annually to discuss KR’s performance and to guide…
