Page 4: of Marine Technology Magazine (January 2007)

2 007 starts where 2006 left off: unprecedented workload and prospects for many companies serving this market, driven by a steady demand for military work and a torrid offshore

Exploration & Production market. But common sense should warn that bull markets don't run infinitely, and while it is foolhardy to guess market direction, prudent business planning and a diversified portfolios are proven to smooth the most violent market swings.

Demand for undersea technology in the military sector appears solid, but there are some concerns regarding the legs for the offshore business. First, there continues to be a dearth of qualified workers throughout the undersea technology and maritime markets, mean- ing that companies often are relegated to poaching top talent from competitors, driving up costs while doing nothing to address the long-term issues. A top-agenda item for industry leaders in 2007 and beyond must be programs designed to attract, train and retain good employees. This is easier said than done, particularly when many companies are running 110% just to keep up with demands. But a small invest- ment now will yield huge dividends in years to come.

Of equal concern is the real potential for corporate consolidation among the oil majors: aka ‘Big

Oil.’ Just last month Norwegian energy giants Statoil and Norsk Hydro announced a $30B deal to create an international energy behemoth, a development that some industry experts consider the harbinger of additional consolidation to come. If 2007 starts with Big Oil corporate consoli- dations, prepare for a slowdown in the offshore sector, as this traditionally triggers a drop in oil exploration spending for a few years — and subsequently impacts offshore service providers — as the consolidating companies assimilate. 4 MTR January 2007 editorial

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Aker Kvaerner 50

Aker Yards 51

American Airworks 42

American Marine Corporation 42

American National Standards Institute 9

Ashtead 50

AT&T 12

Baker Marine 50

Barrick Gold Corp. 26

BIRNS Group 49

Bisso Marine Company 42

BlueView 53

BMT Salvage Ltd. 42

BP 16

Bradford Grand Bahamas 42

C.H. Fenstermaker & Associates 42

Cal Dive International 37

Canyon Offshore 28

Chevron 16, 39

Coastal Geoscience Research Corp. 42

Coastal Zone Management 45

Comex Deep Sea Salvage 42

ConocoPhillips 16

Crowley Marine Services 42

CS Teneo 51

Deep Development 55

Deep Marine Technology 51

Deep Sea Systems 49

Divex 10

Dominion Exploration & Production 15

Donjon Marine 42

DURIP 13

Echotrack 51

Edge Tech 53

Exomos 40

Farsounder 47

FMC Technologies 17

Foss Maritime 42

Fred Devine Diving & Salvage 42

Fugro 50

Fugro Mexico 51

Fugro Structural Monitoring 17

Geoconsult 47

Gladsky Marine/Seacoast Marine 42

Global Diving & Salvage 43

Grant Prideco 17

Gulf of Maine Council 45

Hydro 14

Hydrographic and Marine Consult. 43

Hydroid 32,47,50

Institute for Ocean Technology 8

Integrated Simulation Center 7

IntelliServ 17

International Industries 43

Inwood International Pty. Ltd. 43

IVS 3D 53

IXSEA 47

J.W. Fishers 53

Jaya Holdings Limited 43

Jurong Port 7

JW Automarine 32

Keppel Offshore & Marine Limited 7

L-3 Communications 47, 49

Lighthouse R&D Enterprises 34

LinkQuest 50, 55

MATES Center 8

Marine Hazard Response 43

Memorial University 8

Merwede Shipyard 10, 14

Metaocean Data Systems 47

Murphy Exploration & Production 15

Nasson College 19

Natoil Varco 7

Nautilus 24

Nautronix 43

Naval Undersea Warfare Center 21

Neptune Minerals 23

NOAA 9, 11, 46

Norse Cutting and Abandonment 44

Northeast Regional Ocean Coucil 45

Northrop Grumman 21

Northstar Electronics 47

Ocean Eye ROV Service 42, 43

Ocean Group 44

Ocean Innovations 47

Oceaneering 49

OceanFlite 51

Oceanvision 53

Offshore Hydrocarbon Mapping 51

ONGC Videsh 16

Oracle 13

ORE Offshore 44

Oyo Corporation 49

Parker Diving Service 44

PCCI 44

Pennslyvania State University 21

Perry Slingsby 26

Petroliam Nasional 16

Phoenix International 49

Placer Dome 26

Premier Oil 16

Resolve Marine Group 44

Revelle College 18

SBM Offshore 15

Scott Specialty Gases 44

SeaBotix 45

Seatronics 50

Shell Offshore 16

Simrad 6

SMIT Salvage 44

Sonangol 53

Sonardyne 45, 54

Sonsub 51

Sperry Drilling Services 17

Statoil 14

Stevens Ctr. for Maritime Systems 13

SubOptic 2007 12

Subsea Technologies 51

Superior Offshore 14

SvitzerWijsmuller 44

T&T Marine Salvage 44

Technip 16, 53

Teck Cominco 26

Texas A&M University 37

Titan Marine Salvage 44

Transocean 53

TriTech International 49

Tyco Telecommunications 51

U.S. Army Corps of Engineers 42

U.S. Coast Guard 6

U.S. Drug Enforcement Administration6

U.S. Navy 13

Editorial Index Companies & People with editorial mention in this edition

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