OTC

Panelists at the Offshore Technology Conference largely doubted that the oil and gas industry is making full use of digital technology for fundamental transformation.

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.

Companies are rethinking offshore developments and in a very tough market are finding innovative ways of bringing some projects forward.

The new CEO of Pemex outlined his plan to reverse the state-owned company’s struggling financial and production situation.

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.

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.

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.

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.

A cybersecurity director outlines the steps needed to adopt a risk-based cybersecurity program. He cautions that in many cases, process control systems’ confidentiality is mistakenly viewed as a lower priority than IT systems’.

Brazil is embarking on a 3-year round of bid sales offering international oil companies multibillion barrel prospects with better contract terms.