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OTC 2016

OTC

OTC 2016: What they really thought

Hundreds of representatives of North Sea companies braved the downturn to attend the Offshore Technology Conference 2016 in Houston.

OTC

OTC 2016: Exclusive – M2 Subsea launches in Houston

At 2am this morning Aberdeen company M2 Subsea, “pushed the button on setting up in Houston”. The ROV operations firm, incorporated on December 7 last year, sees the US Gulf of Mexico as a key market for its services and is said to be very close to landing its first contract in the region, possibly within days.

OTC

OTC 2016: ‘Macroeconomics created crisis, North Sea’s reputation will right it

The first quarter 2016 reporting season is in full swing for many of the oil and gas companies. It was never going to be an easy ride, but the market has been pleasantly surprised that many of the leading companies are beating analysts’ forecasts by reporting better than expected results. The impact of cost cutting is feeding to the bottom line and combined with rising production, resilient refining margins and positive contribution from trading activities, the share price of most of the International Oil Companies have been rising steadily, despite the ongoing challenges with commodity prices.

OTC

OTC 2016: North Sea strain forcing US gains

Continued instability in the North Sea is prompting a new generation of oilfield services companies to look towards expansion into the US as a means of securing new business and attracting investment.

OTC

OTC 2016: North Sea strain shouldn’t devalue businesses seeking deals at OTC

Given the devastating effects of the worst downturn in the energy sector since 1986, it is no surprise that fewer people are on the shuttle from Aberdeen to Houston for OTC 2016, but that fact belies the potential for North Sea and Gulf oilfield service companies, as well as firms from associated industries, to steal a march on their competitors and secure new opportunities.