US-India Martime Partnership Speeds Ahead
India and the United States have agreed to strengthen their cooperation on maritime security, as concerns grow in Washington over Beijing’s growing military ambitions, reports AFP. India and the USA had agreed to two new projects under the Defence Trade and Technology Initiative (DTTI). According to a report by Sputnik, Washington and New Delhi agreed to strengthen cooperation in the sphere of maritime security in both Asia-Pacific and Indian Ocean regions during the meeting of Indian Defense Minister Manohar Parrikar and US Defense Secretary Ashton Carter, a joint statement published following the talks said Tuesday. The logistics agreement will allow India and the United States to share and exchange logistics.
Subsea 7 Wins Pipeline Industries Guild Award
Subsea 7, a provider to the offshore energy industry, has won the Pipeline Industries Guild’s (PIG) 2012 Subsea Pipeline Technology Award. The award was made at the PIG National Dinner in London’s Grosvenor House Hotel. The award recognizes Subsea 7’s technology initiative for the installation of Mechanically Lined Pipe (Bubi® pipe) by reel–lay³. Subsea 7’s has been working with the pipe manufacturers BUTTING to optimize the technical and commercial benefits of using Bubi® pipe over corrosion resistant alloys and metallurgically clad pipes currently used by the industry. The technology, independently qualified by DNV, has demonstrated its market potential and been adopted for the first major Pre-Salt project, Guará-Lula NE, in Brazil by Petrobras.
OPT to Showcase Innovation in Spain
Ocean Power Technologies, Inc. (Nasdaq: OPTT) launched of a new technology initiative to enhance the efficiency of its patented PowerBuoy wave energy systems under its existing “WavePort” project. OPT will be working with a consortium of European companies and institutions to advance the energy conversion system of the PowerBuoy device through the development of a new wave prediction model. The new system will assess the characteristics of each incoming wave before it reaches the PowerBuoy wave power station, thereby providing more time for the electronic tuning capability to react. It is expected that this will significantly boost the power output of the PowerBuoy and reduce cost per MW hour of energy produced.
