Fuel Fix

Margareth Ovrum, executive vice president of technology and drilling for Statoil

Q&A: Statoil’s Ovrum sees future in ‘subsea factory’

As executive vice president of technology and drilling for Statoil, Margareth Ovrum manages a projects portfolio valued at $50 billion and says the Norwegian company is focusing on technological advances to drive its future.  More »
Statoil s Remotely Welded Retrofit Subsea Hot Tap Tee is one of the Offshore Technology Conference s 15 Spotlight on New Technology Award winners.

OTC Spotlight Award: Statoil’s robotic welding can connect to live pipes

By enabling remote-controlled tie-in to a live gas pipeline without interrupting flow, Statoil’s Remotely Welded Retrofit Subsea Hot Tap Tee is as revolutionary as its name is cumbersome.  More »

Seabed equipment gets hooked up courtesy of Schneider

Schneider Electric shows off its underwater switchboard equipment at OTC 2013.  More »
(Photo: Dan X. McGraw)

McDermott shares fall after earnings miss

The company said it sees “near-term challenges.”  More »

Who’s at OTC: Conference attracts first-timers from around the world

The Offshore Technology Conference attracted more than 100,000 people from around the world to Houston’s Reliant Center this week. FuelFix combed the crowd to get attendees’ thoughts on the state of the offshore energy industry and their OTC experience.  More »
Exhibitors break down the various booths at the Offshore Technology Conference Thursday, May 9, 2013 in Houston. ( Brett Coomer / Houston Chronicle )

OTC attendance hits a 30-year high, at 104,800

Attendance at the Offshore Technology Conference hit a three-decade high this year, the second-highest attendance in conference history. Organizers said 104,800 people attended the four-day show at Reliant Park, up 17 percent from 2012.  More »
Norwegian Minister of Petroleum and Energy Ola Borten Moe speaks at the Petroleum Club of Houston about drilling in the North Sea and the Arctic.

Guest Commentary: Norwegian energy minister touts industry’s international growth

Ola Borten Moe, Norwegian minister of petroleum and energy, notes that the nation’s energy industry is moving north, across the Arctic Circle, as well as south, into the deep waters of the Gulf of Mexico.  More »
James Watson, director Bureau of Safety and Environmental Enforcement, speaks during a safety luncheon during the Offshore Technology Conference at Reliant Park. ( Brett Coomer / Houston Chronicle )

Offshore industry moves toward audits of safety systems

Oil and gas companies working offshore have until June 4, 2015 to let outside auditors examine their new government-mandated safety programs, but right now, there aren’t any investigators qualified to do the job, experts said Thursday.  More »
David  Rainey, a former BP vice president during the Deepwater Horizon oil rig explosion, leaves Federal Court after being arraigned on obstruction of a federal investigation in New Orleans in November 2012.   (AP Photo/Matthew Hinton)

Former BP executive’s trial delayed

A judge agreed to move the trial date to Oct. 15.  More »
handshake  behind a corporative building.Great for any design.

Judge refuses to block Freeport-Plains deal

Plains shareholders are set to vote on the deal May 20.  More »
GE Oil & Gas Shear Ram and a section of pipe it cut, at the joint.

OTC Spotlight Award: GE’s next-gen blind shear ram goes global

GE’s new blind shear ram can cut a thicker pipe, and it can cut it regardless of whether it’s centered in the well bore.  More »
Cindy Shan, president of Seed Cemented Carbide Co., holds a ball made of steel carbide from a ball valve. (Zain Shauk/Houston Chronicle)

World’s biggest machines need strongest components at OTC

Alongside the oil companies marketing some of the largest and most powerful machinery on Earth this week are others with the world’s strongest of components to make them possible.  More »