World Oil | Mike Slaton
Oil markets have driven down activity but not the advance of technology. In tough times when every efficiency and operational advantage can make a difference, service and manufacturing companies are focused on offshore innovations that drive hard to the bottom line.
There’s almost always room for improvement. The offshore industry has proven that many times over the years as it has adapted, evolved, and reinvented itself. Whether it’s a better process, a new tool, or a whole new concept, advances focused on safety, reliability, cost and capability are a bedrock fundamental of the business. In the following summaries, NOV, Baker Hughes, Varel, AFGlobal, and Weatherford present some of the offshore advances they are focused on, and in doing so provide insights on where the industry is headed.