Offshore Technology Conference Showcases the Energy Evolution

Offshore Low-Carbon Solutions Took the Spotlight at OTC 2022

Houston, Texas, USA (5 May 2022) – Offshore energy professionals from around the world convened at the 2022 Offshore Technology Conference (OTC) at NRG Park to discuss the latest advancements in the offshore oil and gas industry, while touting the role the offshore energy industry plays within the energy transition. Experts representing diverse offshore technologies provided key insights on how their projects and industries are developing the latest innovations to continue securing affordable energy while advancing climate goals.

“OTC is widely recognized as a central hub for energy professionals and industry thought leaders to collaborate and develop solutions to address global energy challenges, particularly ways in which we can meet energy needs in a cleaner and more affordable manner,” said Paul Jones, Chair of the OTC Board. “As the energy industry works to deliver sustainable solutions and reduce carbon emissions, OTC continues to play a key role by facilitating knowledge-sharing, learnings and discussions around the technologies and experts that can deliver these low-carbon solutions now.”

To further collaboration across the industry, OTC launched a new Energy Transition Pavilion designed to highlight technological advancements for new and existing energy sources, as well as showcase solutions being developed to decarbonize, drive sustainability and improve energy efficiency. The Energy Transition Pavilion summoned experts from multiple disciplines and backgrounds to discuss the latest innovations driving global energy transitions forward.

OTC 2022 welcomed more than 24,000 attendees, a number that has more than doubled since last year’s conference in August 2021. Of this year’s attendees, nearly 7,000 traveled from outside the United States. Also known for its robust technical program, OTC held 44 technical sessions presenting more than 300 technical papers. Additionally, the program included 17 executive dialogues and keynote speakers, 11 panels, 5 networking events and showcased 7 countries throughout the Around the World series.

“This year has been unparalleled in terms of exhibitors and attendees presenting their latest developments from all over the world,” Jones added. “We are thrilled to see such a strong comeback after our hybrid program last year due to COVID-19. We featured more than 20 sessions dedicated to energy transition issues, reinforcing our support to advancing a low-carbon future for everyone.”

Likewise, OTC’s exhibition area increased significantly. This year's conference spanned 258,645 square feet, with major equipment installations, demonstrations, and interactive displays actively engaging thousands of attendees from more than 93 countries. Throughout the week, 1,064 exhibiting companies from 39 countries showcased the future of offshore activities.

Total estimated economic impact of OTC 2022 amounted to more than USD 20 million, which includes business to business transactions and direct economic impact of attendees.

While discussions around providing cleaner and more affordable energy sources play a critical role in the development and advancement of countries around the world, OTC has pledged USD 25,000 to the International Federation of Red Cross for Ukrainian relief.

“OTC stands in solidarity with the people in Ukraine,” Jones said. “Thanks to the sponsors of the Distinguished Achievement Awards Event, the OTC Board of Directors was able to make a donation to the relief efforts of Ukraine through the International Federation of Red Cross.”

OTC 2023 will take place 1-4 May at NRG Center, Houston, Texas, USA.

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ABOUT OFFSHORE TECHNOLOGY CONFERENCE (OTC)
The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. Founded in 1969, OTC’s flagship conference is held annually in Houston. OTC has expanded technically and globally with the Arctic Technology Conference, OTC Brasil, and OTC Asia. For more information, visit www.otcnet.org.