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4MTRApril 2012www.seadiscovery.com NEW YORK118 E. 25th St., New York, NY 10010 Tel: (212) 477-6700; Fax: (212) 254-6271 FLORIDA215 NW 3rd St., Boynton Beach, FL 33435Tel: (561) 732-4368; Fax: (561) 732-6984 PUBLISHERJohn C. O'Malleyjomalley@ marinelink.com Associate Publisher & EditorGregory R. Trauthwein trauthwein@ marinelink.com Contributing EditorsCapt. Edward Lundquist, USN (Ret.) ? Clare McIntyre ? Rhonda Moniz ? Claudio Paschoa ? Andrew Safer Production ManagerIrina Tabakina tabakina@ marinelink.com Production InternNicole Ventimiglia nicole@ marinelink.com Sales Administration & Office Manager Rhoda Morganmorgan@ marinelink.com Sales & Event Coordinator Michelle Howard mhoward@ marinelink.com Manager, Accounting Services Rhoda Morgan morgan@ marinelink.com Manager, Public Relations Mark OMalleymomalley@ marinelink.com Manager, Marketing Jocelyn Redfernjredfern@ marinelink.com Manager, Information Technology Services Vladimir Bibikbibik@ marinelink.com CIRCULATION Kathleen Hickeymtrcirc@ marinelink.com ADVERTISING Vice President, Sales and MarketingRob Howardhoward@ marinelink.com Tel: (561) 732-4368 ? Fax: (561) 732-6984 Advertising Sales ManagerLucia M. Annunziataannunziata@ marinelink.com Tel: (212) 477-6700 ? Fax: (212) 254-6271 Mike Kozlowskikozlowski@ marinelink.com Tel: (561) 733-2477 ? Fax: (561) 732-9670 JapanKatsuhiro Ishii ? amskatsu@ dream.com Tel: +81 3 5691 3335 ? Fax: + 81 3 5691 3336 For those of you unable to attend Oceanology International 2012 last month in London, you missed what is arguably one of the most buoyant exhibitions in recent memory, as the show floor, conference rooms and social functions were liter- ally abuzz with activity. (See full report on the show starting on page 18, as well as news emanating from the exhibition through- out this edition).Despite recent government budget cutbacks in the face of a lingering global economic malaise, it appears that a ramping upof activity in the global offshore oil & gas and renewable energy sectors is set to help right the ship for the near term.First and foremost, the Offshore Deepwater sector again appears to be the fuel to make the offshore sector go again. Now nearly two years removed from the Gulf of Mexico Macondo blow out and spill, activity in and around the Gulf of Mexico is finally starting to steam ahead. But the deepwater prospect spreads far beyond the GOM, and this month we are pleased to present the latest data, statistics and analysis from Douglas-Westwood (starting on page 26) which forecasts a global Capex of more than $232 billion for the 2012-2016 period. This report, authored by DWs Jennifer Harbour, includes insightful breakdowns for many of the worlds deepwater regions. This month I am pleased to welcome to our pages Martin Ewan, a U.K.-based lawyer with McGrigors Energy practice, who writes (starting on page 24) eloquently on the role of offshore innovations in the revival of old and finding of new hot spots in the U.K. sector of the North Sea. Continuing with the offshore focus in preparation for the Offshore Technology Conference in Houston later this month, MTRs Clare McIntyre again reports on the plethora of subsea and offshore technology companies in the Bergen, Norway subsea clus- ter. It was in late 2011 that Clare had occasion to visit personally with many of the compa- nies in this region, and this month, starting on page 46, MTR readers receive a blow-by- blow insightful look at some of the regions ? some of the worlds ? leading developers of technology in the sector. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photocopying, recording or otherwise without the prior written permission of the pub- lishers.Marine Technology Reporter ISSN1559-7415is published monthlyexcept for February, August, and December by New Wave Media, 118 E. 25th St., New York, NY 10010- 2915. Periodicals Postage at NewYork, NY and additional mailing offices. POSTMASTER: Send address changes to MARINE TECHNOLOGYREPORTER, 118 E. 25th St., NewYork, NY 10010-2915. Postmaster send notification (Form3579) regarding undeliverable magazines to MarineTechnology Reporter, 118 East 25th Street, New York, NY 10010. Publishers are not responsible for the safekeeping or return of editorial material. ©2012 New Wave Media.118 East 25th Street, New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271Vol. 55No. 3 ISSN 1559-7415USPS# 023-276www.seadiscovery.com MemberGregory R. Trauthwein ? trauthwein@ marinelink.com ? tel: 212-477-6700 Subscription: To subscribe please visit www.seadiscovery.com/subscribe editorial(Image courtesy BMT Argoss)