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GENERAL NEWS

Outlook Bright for Oil & Gas Industry

ginamc writes:  The oil and gas industry's outlook in 2004 looks positive, say energy analyst Andrew Reid and partner in merger and acquisitions Alec Carstairs, both of the oil and gas centre of excellence at Ernst & Young in Aberdeen.

Throughout 2003, sustained high oil prices have generated healthy returns for the operating community, stimulating increased merger and acquisition activity for new independent exploration and production companies keen to gain a share of the UK's vast oil and gas reserves.

GENERAL NEWS

Benthos Announces Fourth Quarter and Fiscal 2003 Results

BENTHOS, INC. (NASDAQ: BTHS) today reported financial results for the fourth quarter and the fiscal year ended September 30, 2003. Net sales for the quarter were $3,847,000, an increase of 17.5% over sales of $3,275,000 in the fourth quarter of the previous fiscal year. Net income for the quarter was $822,000, or $0.59 per diluted share, compared to a net loss of $3,292,000, or ($2.32) per share, in the fourth quarter of fiscal 2002. Net income for the fourth quarter of fiscal 2003 includes a pre-tax gain of $2,208,000, realized as a result of the Company's sale of some of its real estate holdings in North Falmouth.

GENERAL NEWS

Time capsule from the deep revealed Jan 2 2004

THE inside of an historic submarine, which sank off the North Wales coast, has been seen for the first time in more than 120 years.
Retired marine archaeologist Mike Bowyer has dived to the Resurgam to put a camera inside.

GENERAL NEWS

Russia to raise sunken nuke sub

MOSCOW (Reuters) - Russia will raise a sunken nuclear submarine from the floor of the Barents Sea to clear an Arctic sea lane and busy fishing area, Interfax has reported.
The Russian news agency on Friday quoted an unidentified official at navy headquarters as saying the sunken sub would be raised in 2005.

GENERAL NEWS

Israeli Submarine Dakar

Remember in our last newsletter the story about the tragic loss of the Israeli submarine Dakar on her maiden voyage in 1968, and the discovery by Nauticos Corp. 30 years later. The Dakar was...

GENERAL NEWS

Uncovering Secrets of (another) lost civil war submarine

Silver Spring, Maryland, USA ## A joint research project is yielding new details about the U.S. Navy's first submarine, the USS “Alligator.” The U.S. National Oceanic & Atmospheric Administration and the U.S. Navy's Office of Naval Research joined.....

GENERAL NEWS

Merger of Van Oord ACZ and Ballast Ham Dredging accomplished

Bunnik/Gorinchem, 19 December 2003 – The merger between Ballast Ham Dredging (BHD) and Van Oord ACZ (announced on 3 October 2003) was formally concluded today.

GENERAL NEWS

Subsea bodies join

Subsea Uk, a newly-formed organisation to promote the UK subsea industry, said yesterday it had taken a major step forward, having absorbed the Scottish Subsea Technology Group.

GENERAL NEWS

OTC Papers Online Makes Debut

The Offshore Technology Conference (OTC) is pleased to announce the creation of OTC Papers Online, a searchable database of more than 9,000 technical papers from all OTC meetings since 1969. OTC Papers Online enables anyone doing research related to the offshore oil and gas industry to quickly locate relevant data from the abundance of technical information presented at this premier event.

GENERAL NEWS

Enterprise Carrier Strike Group Deploys Unmanned Surface Vehicle

By Journalist 3rd Class (SW/AW) Rebekah Caruso, USS Enterprise Public Affairs

ABOARD USS ENTERPRISE, At Sea (NNS) ## Dec. 1, USS Gettysburg (CG 64) and the entire USS Enterprise (CVN 65) Carrier Strike Group (CSG) wrote a new page in the history books with the successful launch of Spartan Scout. Spartan Scout, a rigid hull inflatable boat with an enhanced engine and hi-tech camera and sensor gear, completed an unmanned, three-hour mission driven remotely from three laptop computers in the Combat Direction Center (CDC) aboard Gettysburg.

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