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8 MTR April 2009 MTREnews MTR publishes a weekly newsleter via e-mail. Subscribe for FREE at www.seadiscovery.com For banner advertisement info, contact Rob Howard at howard@marinelink.com SUBSCRIBE Subscribe to the print or electronic edition of MTR by visiting www.seadiscov- ery.com, or e-mail Kathleen Hickey at mtrcirc@marinelink.com ADVERTISE MTR offers a number of print and electronic adver- tising packages. To see our editorial calendar and advertising rates, visit www.seadiscovery.com/mt/ mtMagazine.aspx?mnl2=l2 advertising POST/SEARCH JOBS MTR JOBS listings are updated weekly and help match employers with qual- ified employees. Post a position or keep abreast of new employment oppor- tunities at www.seadiscov- ery.com/mt/mtJob.aspx SUBMIT EDITORIAL MTR invites you to submit company news and events for publication on-line and in print. Visit www.seadis- covery.com/mt/mtStories.as px?PostStory=new SUBMIT VIDEO MTR invites you to submit interesting Subsea videos for broadcast. Contact trauthwein@marinelink.com for details. EVENTS CALENDAR MTR maintains a list of upcoming industry events. Search an event or post information on your event at www.seadiscovery.com/mt/ MTCalendar2.aspx news A recent report into global subsea tree awards, published by Quest Offshore, fore- casts 12.1% compound annual growth rate (CAGR) over the next five years. This compares with a CAGR of 3.6% experi- enced in the previous five year period. Quest analysts said that growth prospects are sound for meaningful subsea orders during 2009/10, buoyed by notable proj- ects offshore Brazil and Africa. The report also acknowledges that awards maybe tem- pered in 2009 by the potential slow down of final investment decisions (FID) on cer- tain world class projects. This as oil com- panies actively look, and possibly wait, for cost reductions and concessions from all aspects of the global supply chain. West Africa is identified as a bright spot for future subsea activity, following on from ongoing projects by the major operators. Subsea Trees: 12.1% Growth Corrections The article written by Maggie Merrill about ocean renewable energy in New England in the November/December 2008 issue of MTR had the wrong photo. The corrections are as follows. Congressman James McGovern expressed his desire to work with the Massachusetts Congressional Delegation early next year to promote the growth of the ocean energy industry in the Commonwealth and throughout the region. Marine Renewable Energy Center Director, John Miller explains the potential for ocean energy in New England is untapped. There are several systems that can be deployed to test technologies and site characteristics. Re: January 2009 Cover With regard to the front cover of Marine Technology Reporter. The picture on the cover shows what is referred to as a ball tool in the Van Gogh Heavy lift article. The tools is actually designed and assembled by our company BALLTEC http://www.balltec.com It was a pleasant surprise to see our tool on the cover of the magazine even if our company was not mentioned. For future reference, the tool was proof load tested to 874mT and has a SWL of 700mT Our company specializes in Ball and taper tools for the offshore industry. We also produce Subsea moor- ing connectors, Pipeline recovery tools, abandonment and recovery tools, and moving into the pile handling market. Regards, James Neels, Balltec Ltd, Email :Jneels@balltec.com MTR#3 (1-17).qxd 3/27/2009 1:44 PM Page 10
