The Offshore Technology Conference (OTC), held annually in Houston, on Tuesday announced the winners of their 2023 Spotlight on New Technology Award. The organizers say that the awards are given exclusively to OTC exhibitors 'who are reshaping the offshore energy sector through innovation and developing technologies.'This year, 15 technologies, 7 of them from small businesses, were selected due to their advancements in the industry…
Greensea Systems, a marine robotic software solutions provider, recently demonstrated untethered autonomy for ROVs.Using a commercially available Defender ROV from VideoRay, outfitted with batteries, an acoustic modem, and the new OPENSEA Edge system…
East Timor's national oil company wants to start producing natural gas from its Greater Sunrise fields by 2028 or 2030, the company's head said on Tuesday in Houston, hoping to develop the offshore project that has been stuck in limbo for decades…
Guyana has started discussions with Exxon Mobil Corp to build a more than 120-mile (190-km) natural gas offshore pipeline, Natural Resources Minister Vickram Bharrat said on Tuesday at the Offshore Technology Conference in Houston.Guyana, a tiny South American country…
U.S.-based international energy services and technology firm Baker Hughes has launched a new subsea wellhead technology, the MS-2 Annulus Seal.According to Baker Hughes, the seal can save substantial operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips…
American Bureau of Shipping has granted its Approval in Principle (AIP) for the carbon dioxide injection platform developed by Hyundai Heavy Industries.The platform has been designed to store carbon dioxide that has been captured on land, liquefied at high pressure…
Oil major BP BP.L expects to double crude output from its Thunder Horse project in the U.S. Gulf of Mexico and inaugurate its latest production platform by the end of this year, a company executive said on Monday.The company, which is betting on 'lower-carbon…
The Offshore Technology Conference (OTC), to be held in Houston between May 2–5, 2022, announced today the winners of the 2022 Spotlight on New Technology Award. 'This prestigious award is presented to OTC exhibitors who are revolutionizing…
The world's newest oil-producing nations grabbed the spotlight at this week's Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels.At the conference…
Guyana's economy is expected to expand by 500% by 2030 as companies continue to plumb its offshore oil and gas reserves, a government official said on Wednesday.The small South American country has become one of the world's oil exploration hotspots…
A U.S. offshore regulator on Wednesday said efforts to resume a federal oil and gas leasing program are underway and would soon bear results following a court decision ending a suspension.The Biden administration this week challenged the court decision…
Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a string of recent discoveries, government officials and corporate executives said at a conference on Wednesday…
Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers to halt new exploration.The tiny South American…
HYTORC, a manufacturer of industrial bolting systems, has received a Spotlight on New Technology Small Business Award at the 2021 Offshore Technology Conference in Houston, Texas. The company won the award for its HYTORC J-Washer. 'The J-Washer…
Top oilfield services firm Schlumberger on Thursday said it had withdrawn staff from next week's Offshore Technology Conference (OTC), which typically attracts at least 60,000 attendees to Houston, citing the area's rise in COVID-19 cases.The…
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