Sea Technology

MAR 2017

The industry's recognized authority for design, engineering and application of equipment and services in the global ocean community

Issue link: http://sea-technology.epubxp.com/i/800241

Contents of this Issue

Navigation

Page 9 of 68

www.sea-technology.com March 2017 / st 9 soundings )) Oil and Gas Sector Streamlines, Diversies. New research by DNV GL shows oil and gas companies seek to rebalance business portfolios and reorganize for a new era. In a period of drawn-out recovery, 49 percent of senior oil and gas pro- fessionals surveyed expect their businesses to diversify into, or invest more in, opportunities outside of oil and gas. Still, almost eight out of 10 see long-term opportunities for gas. The research reveals signs of deep, strategic changes for sustain- able growth beyond cyclical patterns. Twenty-six percent of industry leaders expect their business to invest, or increase investments, in renewable energy in 2017. As many as 59 percent see investments in renewables as a shift in long-term business strategy. Seventy-seven percent believe gas will become an increasingly important component of the global energy mix over the next 10 years. Digitalization is also increasingly seen as a means to enhance operational and cost ef†ciencies. Forty-nine percent agree the industry downturn is helping reduce the complexity of projects and operations. )) Submarine Combat Systems Market to Grow to $11.67 Billion in 2022. A new report by MarketsandMarkets estimates the submarine combat systems market's value at $4.97 billion in 2016 and projects it to reach $11.67 billion in 2022, at a CAGR of 15.3 percent. The growth is due to increasing investments in maritime security and enhancement of naval capability. The increasing tensions in Southeast Asia and the global balance of power are expected to drive the submarine combat systems market. The electronic support measure system segment is projected with high growth during the forecast period, and the retro†t segment is projected with the highest growth during the period. )) UK Subsea Companies to Increase Exports This Year. British subsea companies are expecting to increase overseas activ- ity in 2017, according to a survey by the industry body Subsea UK. Of the 300 member companies surveyed, 27 percent predict increasing exports by 50 percent or more in 2017. Fifty-six percent expect overseas sales to increase up to 49 percent. Of those who expect domestic revenues to increase, the majority are forecasting between 10 and 30 percent additional revenues from the U.K. Continental Shelf. The majority of export sales are related to oil and gas; however, 58 percent of respondents are also exporting to the renewables industry (33 percent in offshore wind and 19 percent in tidal). A quarter of respondents export to the defense sector, 22 percent to subsea mining and 18 percent to ocean science. The U.S. is the largest export market for U.K. subsea companies, followed by West Africa, Southeast Asia, Australia and South America. For 2018 and beyond, companies are looking to increase exports to West Africa, Southeast Asia and the Middle East. )) Maritime VSAT Market to Grow at 13.74 Percent CAGR. The global maritime VSAT market will grow at a CAGR of 13.74 percent from 2017 to 2021, according to a new report by ReportsnReports. VSAT services help in maritime surveil- lance, commodity tracking, identifying illegal †shing, improving maritime domain awareness, search and rescue opera- tions, and anti-piracy. The major customers are government agencies and oil and gas companies. The latest market trend is increased use of satellite-based Earth observation in maritime surveillance. )) CLS Acquires Woods Hole Group. CLS, a French satellite-services specialist and subsidiary of the French Space Agency, has acquired Woods Hole Group, an American company specializing in sustainable and resilient solutions for coastal sciences and engineering, applied ecology, oceanography and measurement systems. CLS can now offer solutions such as †eld equipment and services, data analysis, modeling, environmental assessment and related expertise to customers. )) Explorer AUV Gets 3D-Printed Variable Ballast Tank. Sciaky Inc.'s Electron Beam Additive Manufacturing (EBAM) tech- nology helped International Submarine Engineering (ISE) Ltd. cut signi†cant time and cost from the production of a tita- nium variable ballast (VB) tank versus the traditional manufacturing process. ISE was able to cut production time from 16 to 8 weeks with 3D printing, and the VB tank passed the same vigorous quali†cation testing as the tank previously created with the forging process. ISE now plans to 3D print other critical titanium parts with EBAM. The 3D-printed VB tank will be installed on a new ISE Arctic Explorer AUV to be delivered to the University of Tasmania in spring 2017 for eventual deployment in Antarctica. )) Seminalists Chosen for Shell Ocean Discovery XPRIZE. The semi†nalists for the $7 million Shell Ocean Discovery XPRIZE (Sea Technology, March 2016) have been chosen, with details available at http://oceandiscovery.xprize.org/teams. The 21 advancing teams will test their entries at a depth of 2,000 m, racing to map at least 20 percent of the 500-sq. km competition area at 5-m resolution and identify and image at least †ve archeological, biological or geological features at any depth, all within 16 hr. Up to 10 †nalist teams will be selected to proceed to Round Two, which will require operation at a depth of 4,000 m, with the aim to map at least 50 percent of the 500-sq. km competition area at 5-m resolution and identify and image at least 10 archeological, biological or geological features at any depth, all within 24 hr. Prizes will be awarded for demonstrating the highest resolution sea¦oor mapping after meeting minimum requirements for speed, autonomy and depth. Twelve teams will also compete for the NOAA $1 million bonus prize and will need to demonstrate that their technology can †nd a speci†ed object in the ocean by tracing a biological and chemical signal to its source. ST

Articles in this issue

Links on this page

Archives of this issue

view archives of Sea Technology - MAR 2017
loading...
Sea Technology