D5’s focus is on ideas, said event host Helge Haldorsen, a Statoil and industry group executive, and d5 looked for some of the biggest ones outside of the oil and gas industry.
Producers eased back on the number of rigs laid down this week, idling 11 oil-chasers at a time when crude prices have started to swell again.
Denton city spokeswoman Lindsey Baker says firefighters extinguished the blaze early Friday. Nobody was hurt.
Lower oil prices turned the tide at the 2015 Offshore Technology Conference, as attendance and enthusiasm for bargaining ebbed from last year’s highs.
Students from nearby high schools enjoyed a morning off of their regular studies to see the opportunities in oil and gas.
About 140,000 oil and gas workers have lost their jobs since the price of oil began to fall from its high in June 2014.
The two were controlling one of the many simulations at the conference that allows attendees to step off the conference floor and into some of the most technical jobs in the oil industry, ranging from the driver’s seat of a drilling to positioning a massive platform at sea.
“We have about two weeks to set it up and, essentially, four days to take it out,” said the general manager of the company that sets up and breaks down OTC.
Manufacturers of automated drilling and down-hole equipment, sensors and oil field monitoring devices say they’re getting more equipment orders and more oil executives are swinging by their booths to talk about replacing drilling processes once run by technicians with automated tools.
Click through for some of the biggest tech Fuel Fix could find at this year’s conference.