Sinopec Oilfield Services Corporation has a very large oil field and oil industry model on display on day three of OTC on May 7, 2014 inside the NRG Center in Houston, TX. (Photo: Thomas B. Shea/For the Chronicle)

Photos from OTC day three

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The annual conference wraps up at NRG Park on May 7. But the conversation will continue for a fifth day for the first time on May 8 at OTC’s new event, D5, at the University of Houston.
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Siemens hosts annual OTC Cinco de Mayo party

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Last month, Siemens announced it was opening a new oil and gas headquarters in Houston.
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OTCers dance night away at appreciation concert

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Several hundred convention goers headed to the floor of NRG Stadium on Wednesday for the annual OTC appreciation concert featuring the The Spazmatics.
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(LM Sixel/Houston Chronicle)

These little square stools are dominating the booth-seating options at OTC

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The seating of choice this year at OTC seems to be the cube, the backless chair that is more fashionable than comfortable.
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A crowd gathers on the floor of the Offshore Technology Conference.

Lower Tertiary contains vast potential, challenges, Chevron executive says at OTC

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In the years Chevron has spent chasing crude in the coveted Lower Tertiary, the company uncovered a number of hurdles the oil industry will have to overcome to ensure future development of this highly coveted frontier play, a Chevron executive said Wednesday.
Story Slug

Drones take flight at OTC

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Robots have a long history in the oil and gas industry, especially in offshore drilling. But flying ones are relatively new.
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FMC Technologies' subsea equipment has helped fuel the company's growth. (Photo: Johnny Hanson/Houston Chronicle)

From ropes to bolts, everything is bigger at OTC

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All of the products needed for deepwater development are engineered at a level beyond what most other industries require.
Jeremy Thigpen

Transocean beats estimates on cost cutting

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Jeremy Thigpen takes the helm as the drilling industry confronts the double whammy of a glut of new deep-water rigs and falling demand as producers reduce spending because of the collapse in oil prices.
Categories: Offshore
Energy executives discussed how to develop the right portfolio of oil and gas assets at an Offshore Technology Conference panel.

Oil producers shouldn’t shun their global assets during a downturn, Woodside Petroleum exec says at OTC

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Oil and gas production companies need to “knee-jerk reactions” to investor activism and other short-term concerns, the executive said.
Eric Carre, Halliburton vice president (Halliburton)

OTC Commentary: Industry can meet long-term deep-water challenges

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A Halliburton executive says he expects deepwater to be among the leading segments of the oil and gas industry into the future.