As we find our products being used more and more for shipwreck explorations, we were really excited to read about this one nearly in our backyard in Lake Michigan and learning that there are many more to discover.
The bottom of Lake Michigan is literally a graveyard of shipwrecks. Local maritime historians say 1,200 of the 2,000 sunken vessels in Lake Michigan no longer exist because they hit shore and broke apart.
Experts add that about 360 wrecks have been found in the lake’s deeper water, but there are still many wrecks out there that remain undiscovered. Read more…
Subsea equipment (umbilicals, risers, flowlines) and pipelines are generally one third of all expenditure of a total project. Equipment purchases add up quickly and in order to save costs, companies will be looking for hardware with proven results – hardware that increases efficiency and quickly realizes a significant return on investment.
Statoil CEO Eldar Sætre recently stated that over the last ten years, the cost of subsea developments has increased by 250 percent. According to analysts Douglas-Westwood, subsea spending will continue to rise, and there are projects and locations to watch out for. Read more…
If you are looking to lower costs and improve the economic outcomes of deepwater projects, you should consider the hydrodynamic efficiency of your subsea hardware and how that impacts your fuel costs.
It’s everyone’s favorite pastime, but no one can predict what the oil price might be—it’s an uncontrollable aspect that can and will again dramatically impact this business over time. But what can and is being implemented by most companies is the overriding imperative to take back control where it can, and that largely means reducing project costs. Read more…
