Latin America News

© Arjen / Adobe Stock

Offshore AUV, ROV Market to Grow 18.2%

ROV, low weight, reliability, low noise, and ease of packaging in comparison to mechanical propulsion systems, the report says.Geographically, the Middle East and Africa accounted for maximum share of 27% of global offshore AUV and ROV market, driven primarily by offshore oil and gas activities. Latin America is also expected to see strong growth, the report says. 

Photo: Deep Trekker Inc

Deep Trekker Opens Office in Chile

the past eight years Deep Trekker has experienced exceptional growth across the globe and we believe this success can be directly tied to developing products in close collaboration with our customers,” says Sam Macdonald, President, Deep Trekker.  “Establishing a direct presence in Latin America will allow us to get even closer to our customers, and as a result, deliver innovative products based on the specific needs of the Latin American market."The new office is a clear reflection of the company’s current state; a strong year of growth, successful development and expansion

Jonathan Heastie, Reed Exhibitions

Voices: Jonathan Heastie, Reed Exhibitions

;s flagship event as a dedicated regional edition for those across the Americas to meet, learn and see the latest technologies. The London event regularly attracts a healthy proportion of North American visitors, but this Americas event brings together five times more people, and adds in those from Latin America and the Caribbean too. Many people can’t afford the time and cost of crossing the pond to London, but San Diego is a far easier proposition for most – and delightfully warm in February! – which is why we generate a sizeable 98% unique audience to this new event. What a great

(Photo: Ocean Infinity)

Argentine Submarine Found After Yearlong Search

San will be of some comfort to them," the statement said.The San Juan was some 430 km (270 miles) off Argentina's Patagonian coast when it sent its last signal.The disaster spurred soul-searching over the state of the military in Argentina, which after a series of financial crises has one of Latin America's smallest defense budgets relative to the size of its economy. Some families of missing crew members blamed the government for underfunding the Navy.Argentina learned a harsh lesson of submarines' military value during the 1982 Falklands War, when a British sub sank the ARA General Belgrano

(Photo: ROVOP)

ROVOP Acquires M2 Subsea's ROV Fleet

to better support customers with the appropriate ROVs for their requirements based on capability and greater cost efficiency. This increased capacity allows ROVOP to support customers with a wider geographical reach.”In particular, ROVOP said it aims to strengthen deployment capabilities in Latin America, Africa, Middle East and Asia. The fleet is expected to be deployed in the vessel and rig markets

Fall from Grace: Batista Gets 30-Years for Corruption

billionaire's meteoric rise and fall mirrored the recent fortunes of Brazil, where the commodities boom faded as his energy, mineral and logistics empire fell apart earlier this decade.His swashbuckling attitude and confident forecasts of a prolonged golden era for Brazil evaporated just as Latin America's largest economy suffered its worst recession on record.Batista, whose legal team said he would appeal, was found guilty of paying a $16.5 million bribe to former Rio governor Sergio Cabral, who also was found guilty in the case.Batista's companies won state contracts in exchange for

© Mike Mareen / Adobe Stock

Record-size US Offshore Oil Lease Sale Draws Modest Bidding

in March 2017, for example, offered up 48 million acres in the Central Gulf of Mexico planning region.   Consultancy Wood Mackenzie had expected demand for the acreage to get a boost from higher oil prices and lower corporate taxes, but pointed out interest could be hurt by competition from Latin America and concerns over the impact that U.S. tariffs on steel imports could have on costs.   William Turner, senior research analyst at Wood Mackenzie, said the sales statistics were "on par with the all-time lows that we saw last year," referring to a lease sale in 2017 that had yielded

(Image: EIVA)

EIVA Expands in Brazil

Danish software and hardware engineering company EIVA said it has expanded its activities in Latin America with a dedicated business development team located in São Paulo, Brazil.    With the Brazilian team, EIVA is able to accommodate the increasing interest in its hardware and software products for offshore and shallow water construction and surveying operations from specialist operating in Latin America. Moreover, the company is able to provide customers in the region with a local point of contact with strong ties to the Danish headquarters.    The new Brazilian team

The 10,556 kilometer Monet Cable System connecting Brazil and the U.S. is ready for service (Image: TE SubCom)

Monet Cable System Ready for Service

, announced project partners from the U.S., Brazil, Angola and Uruguay.   Monet is owned by Google, telecom company and internet service provider Algar Telecom, wholesale telecom company Angola Cables and telecom company Antel, and was built to provide a robust internet backbone to serve Latin America’s current and increased future connectivity needs.    The 100G-capable cable system provides a low-latency route from Brazil to North America with a minimum bandwidth of approximately 64 Tbps. The cable system makes shore landings at Boca Raton, Fla.; Fortaleza, Brazil; and

Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role

efforts in the nearby Santos basin in 2012 following disappointing results.   But a series of policy changes under market-friendly President Michel Temer, including a reduction of requirements that forced foreign businesses to use local partners, will likely tempt investors to return to Latin America's no.1 economy, analysts said.   ($1 = 3.1822 reais) (By Alexandra Alper and Ernest Scheyder;  Additional reporting by Marianna Parraga; Editing by Christian Plumb and Rosalba O'Brien

ThunderFish Alpha being delivered to Kraken's facility in Conception Bay South, Newfoundland (Photo: Kraken)

ThunderFish Alpha AUV Delivered to Kraken

the offshore oil and gas industry (life-of-field, pipeline inspections and rig moves) also in civil hydrography, in addition to existing work in site and pipeline route surveys. North America will continue to dominate global AUV expenditure, predominantly on military unmanned technology. Africa and Latin America are set to experience the highest growth, driven by deepwater oil and gas activities in pre-salt areas. Demand in Asia will be varied with research activities in Japan, deepwater expenditure in India, Indonesia and Malaysia and military investment in China

Marine Technology Magazine Cover Jun 2019 - Hydrographic Survey: Single & Multibeam Sonar

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