ADCI Underwater Today

November 18, 2022

Fisk Marine Insurance International, LLC
INDUSTRY NEWS
Construction input prices again inched higher in October, rising 0.3% overall from September, largely due to increased petroleum prices, but relief may be in sight, according to an analysis of Bureau of Labor Statistics data.

Visit https://www.constructiondive.com/news/construction-input-prices-crept-higher-october/636819/ to view the full article online.

 
Oil fell more than 3% on Thursday as rising numbers of Covid-19 cases in China and the suggestion of higher rates than currently expected in the United States weighed on demand.

Visit https://www.cnbc.com/2022/11/17/oil-markets-geopolitical-tensions-china-covid-demand-supply.html to view the full article online.

 
A turbine at Hywind Tampen, a facility described as the world's largest floating wind farm, produced its first power over the weekend, Norwegian energy firm Equinor announced in a statement.

Visit https://www.usatoday.com/story/money/energy/2022/11/14/worlds-largest-floating-wind-farm-norway/10696413002/ to view the full article online.

 
Teledyne Marine Systems USA
Dive Commercial International, Inc.
MESSAGE FROM THE EXECUTIVE DIRECTOR
We have an amazing show covering topics from hat maintenance to the use of full face masks in commercial scuba diving. Karl Miller from Baytech Industries will talk about equipment maintenance requirements. Please keep tuning in monthly for pertinent information related to the commercial diving industry.

Visit https://podcasts.apple.com/us/podcast/the-downline/id1646179572?i=1000583481630 to view the full article online.

 
Saab Seaeye Ltd
INTERNATIONAL NEWS
For the first time ever, the International Energy Agency (IEA) has released a projection in which all fossil fuels either plateau or drop in the foreseeable future. 

Visit https://oilprice.com/Energy/Energy-General/The-Global-Energy-Transition-Has-A-22-Trillion-Problem.html to view the full article online.

 
Fortescue Metals executive chairman Andrew Forrest said his charitable foundation is in favor of a pause on seabed mining, the first time a prominent mining executive has spoken out against the nascent industry.

Visit https://www.offshore-mag.com/subsea/article/14285484/australian-mining-magnate-forrest-calls-for-ban-on-seabed-mining to view the full article online.

 
The country’s new president has been vocal about plans to leave fossil fuel extraction behind. But the country faces an uphill struggle to do this in practice.

Visit https://www.bbc.com/future/article/20221116-how-colombia-plans-to-keep-its-oil-and-gas-in-the-ground to view the full article online.

 
NEW PRODUCTS AND TECHNOLOGY
Vallianz Holdings said it is accelerating the digitalization of its fleet of offshore support vessels with a comprehensive package of connectivity services from Inmarsat.

Visit https://www.offshore-mag.com/rigs-vessels/article/14285896/vallianz-adds-inmarsat-technology-to-its-offshore-support-vessels to view the full article online.

 
Aquaterra Energy has released a service for long-term monitoring and sustained integrity of underwater carbon capture and storage (CCS) sites.

Visit https://www.offshore-mag.com/subsea/article/14285754/service-monitors-integrity-of-subsea-co2-sites to view the full article online.

 
Lower latency, higher fiber pairs and zero attenuation are the technology dreams of the industry.

Visit https://subtelforum.com/stf-mag-feature-how-rovs-are-utilizing-imaging-and-automation-technologies-to-innovate-offshore-inspections/ to view the full article online.

 
From the Pages of Underwater Magazine
There are many submersible vehicles being used in the underwater environment nowadays. So much so that the acronyms being used to describe them can be morphed into their own language. ISTOCK.COM/BEST DESIGNS, IMAGEFLOW/SHUTTERSTOCK.COM, RICH CAREY/SHUTTERSTOCK.COM

Visit https://www.underwatermagazine.com/2022/10/underwater-acronyms/ to view the full article online.