Dresser-Rand Group Inc. , a global supplier of rotating equipment and aftermarket parts and services, has signed a definitive agreement to acquire Synchrony, Inc. The transaction is expected to close in January 2012. Synchrony is a technology development company with a portfolio of world-class techn
Odyssey Marine Exploration, Inc. announced with great sadness the loss of Chairman of the Board David J. Bederman on December 4, 2011. Dr. Bederman had been a member of Odyssey’s Board of Directors since 2006 and served the Chairman since 2010. “David was a personal friend, mentor and a highly resp
The high-level Committee was appointed by the Union Shipping Ministry to conduct the study on technical and commercial feasibility of a new port. In order to determine an appropriate location for establishing the second key sea port in the country, the Committee members visited on Wednesday Nakkapal
Aker Solutions will announce at the company’s capital markets day that it is maintaining its ambition of 9-15 percent annual revenue growth for the period 2011-15 due to a favourable market outlook for the oil services industry. The company also maintains its ambitions of 3-4 percentage points EBITD
Local people in Papua New Guinea stand to gain little from the precious metal that’s extracted from the seabed, according to representative of seaside communities. Nautilus Minerals Inc. was awarded the first deep-sea exploration lease in January from Papua New Guinea authorities to extract minerals
Researchers from Britain have unveiled the most detailed survey of the South Pacific -the most seismically active area of the planet. They utilized sonar to create pictures of the seabed, and observed the process of demolition of the undersea volcanoes in the Tonga Trench. The researchers are trying
Two applications sponsored by China and the Russian Federation were the first to have been made under the Authority’s regulations on polymetallic sulphides that was adopted in 2010. Speaking at the Oceans and the Law of the Sea Agenda Item 76(a) at the UN General Assembly’s 66th Session, Secretary-G
HR Wallingford, the international hydraulic and environmental engineering consultancy, has acquired UK-based DRL Software. DRL Software develops environmental monitoring software with coastal, offshore and estuary applications. Their DRL-Sediview application is used by dredging companies, environmen
CGGVeritas and Eidesvik Offshore ASA have confirmed that Arnstein Øvsthus has been appointed as General Manager of their ship management joint venture, CGGVeritas Eidesvik Ship Management AS. Arnstein Øvsthus will take up his duties on 1st February 2012. With over 30 years of wide-ranging experience
Oceaneering International, Inc. announced that one of its wholly owned subsidiaries, Oceaneering AS, has entered into a definitive agreement to acquire Mechanica AS. The transaction is subject to approval by the Norwegian Competition Authority. Mechanica, headquartered in Stavanger, Norway, is a des
Matt Christiansen presented overview of Fiber Optic connectors and their use undersea. Why use Fiber Optics? The introduction of fiber optics into subsea cables has allowed the realization of much greater rates of data communications with higher signal to noise ratios than was possible with electric
The robotic fish is making a return to the Science Museum in London as part of a robotics exhibition. The robotic fish appeared in a similar exhibition at the Science Museum for six months in 2010 and was extremely well received by visitors. The fish will again be appearing in the museum’s Antenna g
As a developer of systems that allow us to look into the hidden secrets of the oceans, Kongsberg Maritime has played its part in many amazing discoveries over the years. Scientists all over the world use our hydroacoustic technology to get a clear view on what is happening below the waves. Some proj
It is essential knowledge for every subsea oil and gas project, yet landfalls and marine terminals seem to be the ‘ugly duckling’ of the subsea engineering world; with more focus put on easier, more appealing projects. Now, Jee, a pipeline, riser and subsea engineering company is helping engineers t
