OTC has the latest topics and technologies to help you adapt to the current challenges impacting the offshore energy sector. Gain valuable insight and view the on-demand content loaded with industry leaders and technical experts covering digitalization, ethics, energy policy, and adapting to a global pandemic.
What's Next for the World Oil and Gas Markets and Related Offshore Development
Over the last year, we experienced a historic demand shock resulting from the Covid-19 pandemic and a price war between Saudi Arabia and Russia. This event triggered a significant downturn with unprecedented price volatility, which further spurred concerns about market supply-demand balance. At this point, the market continues to rebalance, the US has had a change in leadership, and there has been significant lack of investment in oil and gas due to a turn towards renewables. What does this mean for the oil and gas industry and by extension the offshore market?
Join us as a panel of experts from the Baker Institute’s Center for Energy Studies from Rice University, discuss these unprecedented times and address some of the key uncertainties moving forward. The Baker Institute has been ranked number one among the world’s energy-and resource-policy think tanks.
Host: Kerry Fellers, Marketing Strategy and Business Development Leader
Moderator: Kenneth Medlock, James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics | Senior Director, Center for Energy Studies, Rice University's Baker Institute, Center for Energy Studies
Speakers: Mark Finley, Fellow in Energy and Global Oil, Rice University's Baker Institute, Center for Energy Studies
Jim Krane, Wallace S. Wilson Fellow for Energy Studies, Rice University's Baker Institute, Center for Energy Studies
Date: Wednesday, 21 April 2021
Time: 1200–1300 hours CDT (UTC-5)
Registration Fee: FREE
Broadcasted live on LinkedIn and YouTube
Lessons Learned from the Digital Transformation Journey
The session introduces Subsea Studio™-FD, which is TechnipFMC’s digital FEED execution platform and transforms conventional subsea field concept select, Front End Engineering Design and estimation phases into an accelerated and efficient digital workflow. The session introduces various critical aspects of this digital transformation journey and the key lessons learned. The session will touch upon the development life cycle good, bad. and challenges encountered. It will also highlight key decisions and strategies that are typically case specific and shall be considered at the earlier stages. Finally, the session briefly discusses the change adoption aspects and the associated challenges. For a digital change to be effective and to promote change adoption, stakeholders trust shall be built in the new ways of working.
Moderator: Sachin Mathakari, Digital Project Lead, TechnipFMC
Speaker: Hemant Priyadarshi, Director Subsea Studio™ Program, TechnipFMC
The Coming Age of Artificial Intelligence: The Future is Now
Artificial “machine” intelligence (AI) is playing an ever-greater role in our society. We are already using cruise control in our cars, automatic checkout at the drugstore, and are unable to live without our smartphones. The discussion around AI is polarized; people think either machines will solve all problems for everyone, or they will lead us down a dark, dystopian path into total human irrelevance. Regardless of what you believe, the idea that we might bring forth intelligent creation can be intrinsically frightening. In this session, acclaimed artificial intelligence pioneer and thought leader Amir Husain will prepare us for a brighter future; not with hyperbole about right and wrong, but with serious arguments about risk and potential.
Moderator: Hosam Abu Zeid, Principal Subsea PetroTechnical SME
Speaker: Amir Husain, Founder and CEO, SparkCognition
Peak Oil Demand
Despite a number of prognostications, some of which are rooted in the COVID-19 pandemic, there remains much uncertainty about the future of oil demand. This, in fact, will likely make the coming years more volatile as an investment could lag emerging demands in the developing world. While we could see a greater move away from oil in developed economies, the sheer scale of demands from the more than 6.4 billion people in the developing and less-developed economies of Asia, Latin America, Africa, the Middle East, and elsewhere will drive the future of the oil market. The last 30 years have highlighted that a decline in oil’s share of the global energy mix does not translate into a decline in oil demand, especially if total energy demand continues to grow. It is also important to recognize that other energy sources face their own set of difficulties in the development of their supply chains as they seek the scale necessary to meet projected energy needs. Hence, the uncertainties of the coming decades are significant and will carry challenges for consumers, governments, international relations, and the energy industry.
Session Chair: Arnis Judzis, Head of Development, University of Utah
Moderator: Art Schroeder, CEO, Energy Valley Inc.
Speaker: Kenneth Medlock, Senior Director, Center for Energy Studies, Baker Institute for Public Policy, Director, Master of Energy Economics, Rice University
Marine and Hydrokinetic Energy: Establishing an Industry Standard
The development of marine and hydrokinetic (MHK) energy projects globally is working to demonstrate the practicability of MHK in global energy portfolios. As such, there is an urgent industry need to develop adequate economic models for deployment, establish design standards, and reduce costs and time associated with deployments. This OTC Live session engages industry, regulatory, and research experts in the field to have an open discussion on pathways to a successful MHK energy industry in supporting the Blue Economy.
Speaker: Reenst Lesemann, CEO, Columbia Power Technologies Inc.
Innovating Ocean Technology in the Future Ocean
The United Nations has declared 2021 to 2030 the Decade of Ocean Science for Sustainable Development. Technology will play a key role. What are the short-term and long-term trends in ocean innovation? What is the environment needed to stimulate ocean innovation? And how will it drive the blue economy?
Streamed Live on 10 March 2021
Innovation in Upstream Oil and Gas: From Development to Scale-Up Implementation
Offshore E&P professionals explore new technologies, innovations, and execution methodologies needed to reduce offshore project costs. Panelists reveal their intimate involvement with identifying and implementing offshore projects in a cost-efficient manner using new innovations and technologies.
Streamed Live on 9 December 2020
The OTC Energy Challenge Award Ceremony
The OTC Energy Challenge is a high school competition where teams work to solve a real-world energy challenge. All competing teams submitted a video and e-poster presentation to compete for a scholarship prize. This special online event recognized the hard work and creative submissions of ten Texas and California high school teams who worked to solve real-world problems.
Streamed Live on 1 December 2020
Offshore Wind: Getting in the Water and Producing Power
A panel of developers, regulatory, and industry support professionals discuss prioritizing and addressing the fundamental obstacles in project planning, regulatory permitting and stakeholder engagement requirements, the design phase, and project construction of offshore wind projects.
Streamed Live on 16 September 2020