OTC
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OTC panelists were excited at the potential of deepwater exploration offshore Mexico and believe that opportunities there could eventually drive a big new wave of activity. -
One of the oldest deepwater platforms in the Gulf of Mexico has become a profit-leader for the oil major during this downturn and is now a model for the company’s other floating assets.
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Panelists at the Offshore Technology Conference largely doubted that the oil and gas industry is making full use of digital technology for fundamental transformation.
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The new economic environment known as “lower for longer” has had no small effect on offshore safety, said a panel of experts at the 2017 Offshore Technology Conference.
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Companies are rethinking offshore developments and in a very tough market are finding innovative ways of bringing some projects forward.
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The new CEO of Pemex outlined his plan to reverse the state-owned company’s struggling financial and production situation.
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While the current oil prices may not generate the cash flow needed to pay for offshore projects using traditional financial options, private equity may be the best alternative for operators.
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Secretary of the Interior Ryan Zinke praised America’s resource potential and regulatory framework at OTC. He also laid out his plan to review the department and signed two secretarial orders.
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The quick turnaround times and low-risk nature of shale developments need to be replicated in the deepwater business, according to the CEO of Murphy Oil.
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Development of a new polymer composite that degrades via hydrolysis in hot water or brine holds potential for use in structural applications for intervention-less downhole tools.
