China’s manned deep-sea submersible Jiaolong, with three divers inside, has set a new record by diving over 6,000 meters below the sea in the Mariana Trench on Friday, ChinaDaily reports. This was the first of a series of planned six dives. The dive began at 9 am (local time) on Friday. The 6,055 meters depth [...]
June 15, 2012 | Posted in
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Regional director of construction company Leadbitter, Rob Bradley, handed over the new Marine Building to the Plymouth University vice-chancellor, Professor Wendy Purcell. The Marine Building is worth GBP 19 million and has the most advanced wave tank testing equipment and an innovation centre for marine renewable technology and engineering businesses, This is Plymouth news site [...]
June 11, 2012 | Posted in
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M3Wave announced that the company has surpassed the $500,000 mark in grant awards in the last 18 months. M3 Wave Energy Systems LLC was formed to commercialize the DMP ocean power device. Funding for M3 Wave Energy Systems LLC is predominantly a combination of US Government grants and private investors. The Delos-Reyes Morrow Pressure Device, [...]
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The subsea hardware market is expected to recover this year, following the global economic crisis and the repercussions of the Deepwater Horizon accident in 2010. Douglas-Westwood (DW) forecast that the subsea sector will continue its growth trend, reaching an annual total of $32 billion in expenditure by 2016. DW’s first edition of The World Subsea [...]
May 31, 2012 | Posted in
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Forum Energy Technologies, Inc. reported first quarter 2012 revenue of $363.5 million, up 79 percent over first quarter 2011 revenue of $203.1 million. Net income for the first quarter 2012 was $42.5 million, compared to first quarter 2011 net income of $12.4 million. Diluted earnings per share for the quarter were $0.57, a 185 percent [...]
April 27, 2012 | Posted in
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African Petroleum Corporation Limited, a West African focused oil and gas exploration company, announces that its wholly owned subsidiary, African Petroleum Côte d’Ivoire Limited, has entered into an agreement with the Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering block CI‐509. Key [...]
March 23, 2012 | Posted in
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Rialto Energy Limited announces that a block‐wide, full‐fold 3D seismic survey covering 891km2 has been completed over Block CI‐202 (Rialto 85% and Operator) with contractor Polarcus DMCC. Processing and interpretation of the newly acquired data will commence shortly and will provide Rialto with a full suite of 3D data over the entirety of Block CI‐202. [...]
January 19, 2012 | Posted in
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TE SubCom, a TE Connectivity Ltd. Company and an industry pioneer in undersea communications technology, announced it has successfully demonstrated 100Gb/s coherent transmission over trans-Atlantic distances at ultra-high 10Tb/s total capacity on a single fiber. The test was completed using a prototype of the company’s new, first generation smarTEr C100 transceiver. “This significant customer demonstration [...]
January 15, 2012 | Posted in
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Providence Resources P.l.c., the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, confirms that its wholly owned UK subsidiary PR Singleton Limited has been offered a frontier exploration licence over six blocks in the Rathlin Basin, offshore Northern Ireland by the UK Government‟s Department of Energy & Climate Change (DECC). [...]
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Authorities have formally taken over the Cornwall’s Wave Hub. The £42m project is designed to test wave energy devices off the seacoast of Hayle. Department for Business Innovation and Skills has adopted the wave energy scheme. It is hoped the first businesses will connect their energy-from-wave devices to the hub later this year. Subsea World [...]
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