Page 2: of Marine Technology Magazine (April 2016)

Offshore Energy Annual

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April 2016

Contents

Volume 59 • Number 3

Image: DOE Wave Energy Prize/Waveswing America

Offshore 22 WITT & Wisdom

The Marine WITT (Whatever Input to Torsion Transfer) is a unique technology with the power to 22 harness energy from motion.

By Kira Coley 26 Floating

Production

The six things you need to know 26 now to capitalize on the offshore ? oating production market when it rebounds.

By Jim McCaul 30 Decommissioning

What goes up, must come down. The business of decommissioning offshore rigs is projected to boom through 2040.

By Ben Wilby 36

On the Cover 36 The $2M Chase

Nine teams vie for the $2 million purse in the U.S. Department of

Energy (DOE) Wave Energy Prize.

MTR spoke with Alison LaBonte,

Marine and Hydrokinetic

Technology Program Manager in the DOE Wind and Water Power

Technologies, for her take on the technological developments.

By Greg Trauthwein (Photo: U.S. Department of Energy Wave Energy Prize/CalWave) (Photo: Shell) (Photo Courtesy WITT Ltd.)

April 2016 2

MTR

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Marine Technology

Marine Technology Reporter is the world's largest audited subsea industry publication serving the offshore energy, subsea defense and scientific communities.