OTC Attendees Search for New Technology to Cure Industry Distress

Attendees of the 2016 Offshore Technology Conference in Houston came in search of new technology for resolution to the industry’s recent battle of low oil prices.

According to a survey by Lloyd’s Register, 43 percent of the OTC attendees considered new technologies to be the most important issue at this year’s conference. The survey also showed that 13 percent of attendees described adopting new technologies from other companies to be a pressing discussion at the conference.

Industry members believe advances in manufacturing, computing, and operation will help increase efficiency, profits, and safety in offshore drilling.

Although most OTC attendees argued new technology to be the most pressing issue discussed at the conference, the Lloyd’s Register survey also showed there was discussion about better collaboration within the industry and education initiatives for new industry members.

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Fuel Fix