OTC: Offshore Industry Barometer For More Than 30 Years
The Offshore Technology Conference (OTC) annually attracts a global audience of leading engineers, managers, and scientists to the heart of the oil and gas industry. It was 1969 when OTC made its debut in Houston, a big year for the energy industry: oil was discovered in the North Sea; environmentalists were blocking the Trans-Alaskan pipeline that would bring North Slope oil supplies to the lower 48 states; oil rich countries in the Middle East and North Africa were demanding a bigger share of oil profits; and oil prices were positioned for takeoff. That inaugural event was modest by today’s standards, attracting just 4,200 offshore professionals and 125 exhibitors-less than one-tenth the turnout of recent years. Currently OTC is the offshore industry’s largest annual gathering.
OTC 2001: Drilling Markets Poised for Flood of Business
Beginning on April 30, more than 43,000 people will begin converging on the city of Houston for four days at the most important offshore event of the year the 33rd Offshore Technology Conference (OTC). The theme of the event, “One World, One Event,” summarizes the trans-national nature of this offshore conference. “OTC 2001 is the one place where we, as oil and gas industry professionals, can find the answers to our questions, through technical sessions and by exploring the exhibit floor,” said Wolfgang Schollnberger, OTC 2001 Chairman. OTC 2001 promises to deliver four information-filled days of the latest innovation in the global offshore industry. The more than 375,000 net sq. ft. of exhibit space will tout state-of-the-art technology available to the industry.
OPEC Heads Plan Summit To Discuss Oil Market
Senior oil ministry officials from OPEC's 11 member states will meet Nov. 17 in Vienna to prepare a rare summit of the cartel's heads of state and discuss the oil market outlook, an OPEC spokesman said. "They will flesh out the agenda for the heads of state summit and discuss the medium-term objective for OPEC, the oil market situation, supply and demand," said Farouk Muhammed, spokesman for the Vienna-based OPEC secretariat. The meeting will be followed in early December by talks in Caracas of senior diplomats and oil ministry officials, plus OPEC Secretary-General Rilwanu Lukman, to complete preparatory work for the summit on March 30. OPEC oil ministers are expected to hold their next full conference in Caracas on March 27, to review a 12-month agreement to cut production.
