The latest round up of events at this year’s OTC.
Houston’s annual Offshore Technology Conference got underway this week celebrating 50 years of oil and gas with thousands of Aberdonians travelling to Texas for the event.
Founded in 1969 OTC has helped label Houston as the Oil and Gas Capital of the World.
Debut delegates need to learn the ropes
Oil and gas technology law specialist and head of corporate for Pinsent Masons in Aberdeen, Martin Ewan, could be described as a veteran of OTC in Houston.
Embarking on his 12th visit to the world’s largest oil and gas trade show, the firm partner has some valuable advice for “newbies” making their first trip.
Industry told to avoid return to bad old days
Efficiency gains made by the oil and gas industry since the start of the downturn show that “from adversity, good things can come”, an energy sector chief said.
Jim Lenton, president of upstream integrated services at Worley, said the economic slump made people think about how they were going to “survive in a new era” and remain relevant.
Collaboration could be key to extend basin’s life
Efficiencies gained in the North Sea during the oil and gas downturn are “unsustainable” in the long-term, industry leaders from around the world heard yesterday.
However, the new collaborative model which has been adapted across the sector has already started to help extend the life of the basin for years to come.
Ambitious company looking to expand
A firm is hoping to use its spot at this year’s Offshore Technology Conference (OTC) to boost sales and almost double its workforce.
Enpro Subsea, which specialises in technology aimed at boosting production, said it has just embarked on its most ambitious growth plan to date, hoping to double sales around the world by 2021.
Sector facing challenges but now has some belief
It may have been billed as the big 50th anniversary last year but in all honesty the Offshore Technology Conference was celebrating a little early.
Not surprising, you might think, given the years which came before it.
From adversity, good things can come, Worley chief says
Efficiency gains made by the oil and gas industry since the start of the downturn show that “from adversity, good things can come”, an energy sector chief said.
Jim Lenton, president, upstream integrated services, at Worley, said the economic slump made people think about how they were going “to survive in a new era” and remain relevant.
Video: North Sea acquisitions market to stay ‘hot’, experts say at EV event
The North Sea will be a hotbed of merger and acquisition (M&A) activity if the oil price holds up, the audience heard at a bumper breakfast event in Houston today.
Kris Nicol, director of corporate research at Wood Mackenzie, said he did not expect the North Sea M&A market to quieten down following the expected sale of US major Chevron’s UK business.
