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
Liquid Robotics®, an ocean data services provider and developer of the first wave-powered Wave Glider® marine robot, today announced the formation of its new Strategic Advisory Board (SAB). The SAB will serve in an advisory role to Liquid Robotics’ executive management team by providing key insights
FMC Technologies, Inc. announced that it has signed an agreement with LLOG Exploration Company, LLC, for the design, manufacture and supply of subsea production systems to support its Who Dat project in the U.S. Gulf of Mexico. The award is valued at approximately $40 million in revenue to FMC. FMC’
Wave energy developer Carnegie Wave Energy Limited announces the completion of the preliminary design for the first CETO grid-connected project. Following the successful in-ocean trial of the CETO 3 commercial scale unit earlier this year, Carnegie’s technical team has analysed a huge quantity of da
Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, has agreed to supply, subject to finalisation of the contract, Santos Ltd, a major Australian oil and gas exploration and production company, with well
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
FINTEL inked an agreement with Tonga Cable Limited to construct Fibre Optic Submarine Cable, costing $40 million. The cable will link Nuku’alofa and Suva. The link will enhance communications, supply high speed internet, and access to the global information infrastructure, for the people of Tonga. R
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
Subsea UK hosted a lunch and learn event at the Enterprise Centre in Aberdeen to stimulate discussion on how to utilise the skills of ex-military service personnel in the subsea industry. The event, which attracted 30 delegates from various subsea and recruitment organisations, saw presentations fro
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
His Excellency President Mohamed Nasheed has on the 6th of December, 2011, inaugurated the cable laying process under Dhiraagu Domestic Submarine Cable Network Project at H. Dh. Kulhuduffushi. The inauguration took place with the pulling of the cable ashore by the President and key dignitaries, whic
MTU received an order for eight Series 4000 Ironmen gensets from the China-based Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC), a heavy-duty equipment manufacturer. The gensets will power two 99m multi-purpose vessels owned by the Dutch company Boskalis which owns one of the biggest and most mode
Saratoga Resources, Inc. announced that it is in advanced discussions with McMoRan Oil and Gas LLC (McMoRan) regarding a potential joint venture on Saratoga’s Long John Silver Prospect at Vermilion 16 field. While specific terms of the proposed joint venture are still being discussed and subject to
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
