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Natural Gas | Oil

Offshore Technology Conference celebrates 50th anniversary, long-awaited revival of offshore sector

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Listen: Offshore Technology Conference celebrates 50th anniversary, long-awaited revival of offshore sector

The Offshore Technology Conference promises to be a special event this year -- not only is it the 50th anniversary of the well-attended Houston event, but offshore exploration globally is heating up in a big way.

Project tenders are estimated to nearly double this year what they were in 2018, Latin America and other places around the world are planning offshore bidding rounds, and all eyes are on the spectacular success achieved in Guyana and eagerly await the next big prospective global frontier.

As operators drive down the cost of producing oil and gas offshore and present a challenge to the mighty US shale patch, the marine exploration and production sector, and particularly deepwater, is tantalizing industry once again after several years of relative quiet.