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Tag Archives: offshore technology conference

Energy producers weather historic oil market collapse

Energy producers weather historic oil market collapse

The oil market collapse has put more pressure on energy producers than ever before, causing an unprecedented financial crisis, according to industry officials. On average, an oil company earns only $26 for each barrel of oil sold at current oil prices, according to a report by the Houston Chronicle. In February, oil prices in the United States fell to a ...

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Does the oil, gas industry have something to learn from the gaming world?

The online gaming community might hold a well of untapped potential for the oil and gas industry. The Offshore Technology Conference launched its new d5 campaign at the University of Houston on Friday. The event featured prominent speakers aiming to inspire innovation and growth in the offshore industry. One of those speakers was Jane McGonigal, a game developer and author ...

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GE’s latest technology will protect well integrity

The 2015 Offshore Technology Conference has, of course, been a time for exciting new developments in the way the offshore industry will operate in the foreseeable future. On Monday, Baker Hughes announced its revolutionary Hammerhead ultra-deepwater drilling system. But Baker Hughes hasn’t been the only company to announce some exciting new technological advancements. GE unveiled its latest seawater sulfate removal ...

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KSA trade delegation visits oil, gas firms in Texas

RIYADH – A 150-member Saudi trade mission has traveled to the United States for a four-day visit. The main purpose of the visit, sponsored by the US Commercial Service at the US Embassy in Riyadh, is to deepen already strong bilateral commercial ties. US Ambassador Joseph W. Westphal is leading the delegation from Saudi Arabia. The mission is designed to ...

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The oil and gas industry’s data problem

If the oil and gas industry wants to get a handle on the massive amount of data it produces globally, it is going to need Silicon Valley, according to James Dupree, the chief operating officer of resource development and technology at BP. Fuelfix reports that Dupree emphasized the connection during his opening talk at the 2015 Offshore Technology Conference (OTC) ...

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