Archive for the ‘OTC’ Category
Future advances in technology will help offshore oil and gas development compete with US shale plays, said one of two oil-company keynote speakers May 6 at the Offshore Technology Conference in Houston.
OTC: Industry learning from MODU reactivation
May 7th, 2019 by Latest News
Lessons are being learned as industry reactivates mobile offshore drilling units (MODU) that were cold or warm-stacked during the oil-price slump that started in late 2014, representatives from Northern Offshore and Borr Drilling told an Offshore Techn…
OTC: Offshore industry’s turn to shorter-cycle, phased-development stirs PE interest
May 3rd, 2018 by Latest News
The offshore oil and gas industry is picking up on shorter-cycle, phased-development, making some projects more attractive to private equity, panelists told a May 2 session at the Offshore Technology Conference in Houston.
OTC: Offshore operators trying to make projects feasible at $50/bbl oil
April 30th, 2018 by Latest News
Operators of offshore oil and gas projects have slashed costs during the oil-price slump, but they also are working to avoid the boom-bust cycles of the past, panelists told an Apr. 30 session at the Offshore Technology Conference in Houston.
Mexico has implemented government regulations to advance its energy reforms regardless of the oil-price slump, Aldo Flores Quiroga, Mexico’s deputy secretary of energy for hydrocarbons, said during a May 1 speech at the Offshore Technology Conference i…
OTC: Oil industry navigates digital disruption
May 8th, 2017 by Latest News
The oil and gas industry is learning its role in a digital disruption that for oil companies has involved primarily equipment sensors and big data analysis, but producers still have much to learn from other industries, speakers told a session May 3 at …
US Interior Sec. Ryan Zinke signed a pair of orders on May 1 that implement President Donald Trump’s Apr. 28 offshore oil and gas executive order, and create a new position-Counselor to the Secretary for Energy Policy-to coordinate Interior’s energy po…
OTC: Bidding opens for blocks off Nova Scotia
May 16th, 2016 by Latest News
The governments of Nova Scotia and Canada have opened closed, competitive bidding for exploration licenses to six blocks off the province, officials reported at an Offshore Technology Conference press briefing.
OTC: Panel seeks to energize deepwater projects
May 16th, 2016 by Latest News
“Nothing draws people together like a common enemy,” said Maersk Oil Houston’s President Bruce Laws, “and the common enemy right now is low commodity prices.” Laws, who addressed an audience at the Offshore Technology Conference in Houston on May 4, was part of a panel discussing worldwide oil and gas deepwater development. The session revolved around deepwater projects not keeping pace with the current downturn. The price of oil, meanwhile, has declined nearly 60% from mid-2014.
OTC: Higher productivity ‘best insurance’ for meeting future energy demand, BP exec says
May 9th, 2016 by Latest News
BP PLC has had to make some “very tough choices” and let some “very good people” go in Houston and elsewhere amid an environment that has changed “quite dramatically for all of us” over the last few years, a company executive told attendees May 2 at an opening session of the Offshore Technology Conference in Houston.