OTC Recognizes 2024 Spotlight on New Technology Award Winners

A total of 15 companies, including five small businesses, were recognized this year for their demonstrated advancements in the industry.


The Offshore Technology Conference (OTC) announced the winners of its 2024 Spotlight on New Technology Award on 19 March. This esteemed honor is given exclusively to OTC exhibitors who are reshaping the offshore energy sector through their innovation and development of technologies. This year, 15 technologies—five of them from small businesses—were selected for their demonstrated advancements in the industry.

This year’s award recipients are exceptional and were selected based on the following criteria: product uniqueness, degree of ingenuity, demonstrated success, commercial viability, and the ability to make a significant impact across the offshore industry.

“OTC takes pride in recognizing the companies transforming the future of the offshore energy sector. The Spotlight on New Technology Award is one of the many ways we like to show our appreciation. Revolutionizing the field is no easy task. It requires collaboration, intense consistency, and the brightest minds in the industry to drive innovation. This year’s recipients exemplify these efforts, and we are proud to acknowledge them,” said Alex Martinez, chairperson, OTC Board of Directors.

2024 Spotlight Winners

  • Baker Hughes TRU-ARMS advanced reservoir mapping services
  • Baker Hughes Sonus Acoustic-Set Liner Hanger System
  • Hägglunds, a brand of Bosch Rexroth Quantum Power
  • DeepOcean Autonomous Inspection Drone
  • Fugro Blue Dragon seafloor drill
  • Fugro Remote subsea inspection solution
  • Henkel LOCTITE Pulse
  • Oil States ACTIVEHub with ACTIVELatch
  • Oil States Swift DW2 RAR Connector–Ratchet Anti-Rotation Mechanism
  • Saipem S.p.A. Integrated Acoustic Unit (I.A.U.)

2024 Spotlight Small Business Winners

  • BridgeFlow Valve Ltd. BridgeFlow Mechanized Ball Valve
  • GOWell Multi-aperture Motion-compensative Pulsed Eddy Current Deep Detection Method for Multi-pipe Thickness Corrosion Measurements (ePDT)
  • GOWell Elastic Structure Nonharmonic Resonance Method for Through-Tubing Cement Evaluation (TTCE)
  • HYTORC Industrial Bolting Systems LIGHTNING PUMP Series
  • Nanoprecise Sci Corp NrgMonitor

OTC has proudly honored small businesses and their contributions to the offshore energy industry with the Spotlight Award since 2014. To qualify for the small business award, companies are required to meet the following criteria: Be independently owned and operated, or registered as a nonprofit organization, and have no more than 300 employees in the 12 months prior to the application deadline. 

The 2024 Spotlight on New Technology Award recipients will be honored at this year’s conference on Monday, 6 May, at NRG Center in Houston.

Read more about the award.