Feature: Major Operators Adding OSVs at Record Pace
Although this has been considered an off year in the Gulf of Mexico from rig count and fleet utilization standpoints, it is another record year for major offshore operators expanding their fleets and the shipyards that are building these vessels. Last year, over 50 supply boats were delivered and about an equal number of crew/supply vessels made their way into the fleets of operators. This year looks equally robust as vessels are being ordered in quantities of four, six and even 10. This begs the question as to why offshore vessel operators are order record number of vessels if the business is sluggish? The answer is two fold: Deep water and deep gas. Drilling activity is bound to increase based on these two factors industry leaders believe.
Offshore: OTC ‘03 Set for Houston — May 5-8
For the 35th year, the Offshore Technology Conference (OTC) brings together attendees from around the world to "Envision, Enable and Enact." The event takes place 5-8 May at Reliant Center in Reliant Park, Houston. OTC .03: Envision. Enable. Enact. exemplifies the development of new technologies and innovations over the past 35 years of OTC. "I have attended OTC for the past 30 years," said Robert Snyder, Executive Engineering Editor for World Oil magazine. "The technical conferences and exhibits have always documented the industry's progress from its shallow water beginning to its major international offshore presence. OTC .03 promises to deliver four days of the latest technologies in the global offshore industry.
