Subsea
OPT Elects New BoD Member
Ocean Power Technologies, Inc., a leading wave energy technology company, today announced that David L. Keller was duly elected to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders held on October 3, 2013. In addition, David L. Davis and Bruce A. Peacock retired from t
Oceana Welcomes European Parliament’s Positive Steps
Today, after almost two years of negotiations the European Parliament has taken positive steps in the vote on the European Maritime and Fisheries Fund (EMFF). Members of Parliament wisely rejected subsidies for new boats, which could have disastrous effects on the marine environment, doubled funding
Kongsberg Maritime Introduces New Simulator Models (Norway)
Kongsberg Maritime has introduced two new Diesel Electric models for its Engine Room Simulator, K-Sim Engine (previously Neptune). The DE88 Semi-Submersible Drilling Rig model, containing eight Wärtsilä 16V26 engines and eight thrusters, is already available, while the DE66 Drill Ship model, simulat
Plexus Reports Increased Financial Results (UK)
Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces its preliminary results for the year ending 30 June 2013. Results · Record revenue, EBITDA, profit before tax and profit after tax · 29.7% in
Carnegie Receives Research and Development Tax Refund
Wave energy developer Carnegie Wave Energy Limited announced the receipt of a Research and Development Tax Incentive cash rebate from the Australian Tax Office of $2.26 million. The R&D Tax Incentive provides a tax rebate to support Australian companies to undertake research and development in Austr
The Effect of Greenhouse Gas Emissions on Marine Habitats and Organisms
An ambitious new study that includes Lisa Levin and Ben Grupe of Scripps Institution of Oceanography at UC San Diego describes the full chain of events by which ocean biogeochemical changes triggered by manmade greenhouse gas emissions may cascade through marine habitats and organisms, penetrating t
Teledyne Acquires C.D. Limited (UK)
Teledyne Technologies Incorporated announced that its subsidiary, Teledyne Limited, has acquired C.D. Limited (CDL). Headquartered in Aberdeen, Scotland, CDL is a leading supplier of subsea inertial navigation systems and motion sensors for a variety of marine applications. Terms of the transaction
Tennet Secures Funds for Offshore Grid Connections
Electricity transmission system operator, Tennet, has secured EUR 500 million from the European Investment Bank to fund offshore grid connections in the North Sea. Tennet will construct and maintain three separate offshore grid connections, HelWin1, SylWin1 and DolWin1, to the German Electricity Gri
New Offshore Renewables JV P2 Offshore Consulting Announced
Owned and operated by two international leaders in offshore engineering expertise, Pelagian and Pioneer Consulting announce their new joint venture: P2 Offshore Consulting. Based on its owners’ worldwide expertise in subsea cables, P2 Offshore Consulting offers specialist marine consulting and manag
New Zealand Creates Hydrography Risk Assessment Methodology
Land Information Minister Maurice Williamson says a new methodology to help decision makers prioritise areas for hydrographic survey will make inroads toward improving maritime safety in the South-West Pacific. Land Information New Zealand has developed a hydrography risk assessment methodology that
ABB Bags AC Supply Contract from TenneT
ABB, the leading power and automation technology group, has won a significant order from the Dutch-German transmission system operator TenneT to supply an AC (alternating current) power transmission link connecting Sandbank, an offshore wind farm in the German North Sea, to the HVDC (high-voltage di
NOAA Announces Major Nautical Charts Changes
NOAA’s Office of Coast Survey, which creates and maintains the nation’s suite of over a thousand nautical charts of U.S. coastal waters, announced major changes ahead for mariners and others who use nautical charts. Starting April 13, the federal government will no longer print traditional lithograp
SOEST Holds Naming Ceremony for New ROV (USA)
The University of Hawai‘i at Manoa School of Ocean and Earth Science and Technology recently held a ceremony to name and launch operations on a new remotely operated vehicle (ROV) that will extend its vertical reach to 6,000 meters, or over 3 miles, in depth for ocean exploration in the state and th
Saab Seaeye Re-Launches the Sea Owl Concept
The first 360° ROV to work in any orientation – even upside down – has been re-launched by Saab Seaeye. The Sea Owl concept, successfully introduced by Saab in the 1980s, has been completely re-engineered with new chassis, advanced technology content and increased work capability. Now named Sea Owl