Investment in wave and tidal energy is expected to steeply increase over the next five years, according to U.K. energy business analysts Douglas-Westwood. A recent report released by Douglas-Westwood projects that $1.2
BAE Systems will provide the primary gun systems on ten U.S. Navy Littoral Combat Ships (LCS) to be built by the Lockheed Martin-led team. BAE Systems will equip the ten ships with
John Fredriksen’s Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently
Attorney General Eric Holder says the U.S. Justice Department has brought a civil suit in New Orleans federal court against BP Exploration and Production Inc. and eight other companies involved in the
Secretary of the Interior Ken Salazar today announced an updated oil and gas leasing strategy for the Outer Continental Shelf (OCS). It got a very mixed review from NOIA (the National Ocean
Wärtsilä is cooperating with Ship Architects, Inc., Daphne, Ala., to bring natural gas fueled propulsion to America’s waterways. The companies have together developed a new concept of towboat design that employs Wärtsilä
A federal jury in Norfolk, Va., on Wednesday convicted five men from Somalia of engaging in piracy and related offenses in their attack on the USS Nicholas. It is believed to be
United States Senator Mary L. Landrieu, D.-La., today expressed disappointment following Interior Secretary Ken Salazar’s visit to Houma, Louisiana, where he was supposedly to have outlined a series of steps to lift
Secretary of the Interior Ken Salazar was in Louisiana today for a meeting with shallow water drillers. He was accompanied by Assistant Secretary Tom Strickland, and Bureau of Ocean Energy Management, Regulation
The numerous technical and operational breakdowns that contributed to the Deepwater Horizon oil rig explosion and spill from the Macondo well in the Gulf suggest the lack of a suitable approach for
