Professionals from around the world working in the energy industry gathered in Houston this week to take part in the Offshore Technology Conference (OTC) and hear from global experts on the science of energy supply and demand management. For the past 50 years, the OTC has advanced scientific and technical knowledge for offshore resources and environmental matters, providing an outlet for colleagues to learn from their peers in the international market.
This year’s conference heavily emphasized the future with a session on “The Next 50 Years of Offshore Development” where nine executives addressed the challenges that businesses might face in the future of an increasingly digital landscape. The conference also featured over 2,300 companies from 40 different countries exhibiting their work in offshore activities, multiple networking opportunities, and the analysis of offshore growth in nine featured countries including Mexico and Ghana.
Many companies were also recognized at the Spotlight on New Technology awards ceremony, a program that honors innovative companies that are leading oil and gas technology into the future. One company, HYTORC, won an award for its LITHIUM SERIES II Tool, a product that uses direct torque measurement and closed loop control to better the user’s bolting performance.
“This year has been unparalleled in terms of showcasing the new technology that is driving our industry, both in efficiency and innovative solutions,” Beydoun said. “OTC continues to evolve in response to our changing world, this year including fourteen sessions dedicated to offshore renewables, which just further reinforces that this is not only the largest but the most impactful energy conference in the world.”