Fifteen companies, including seven small businesses, have received the 2023 Spotlight on New Technology Award for their innovation in the offshore energy sector. The winners were chosen based on various criteria, such as uniqueness, ingenuity, commercial viability, and the potential to impact the industry significantly. The award ceremony will be held at the OTC conference in Houston on May 1, 2023. This year’s award recipients include Baker Hughes, Hägglunds, Framo AS, OSIRenewables, Oil States, Saipem, SLB and Equinor, and Teledyne Marine. The small business winners are CARBO, GOWell, Oliden Technology, Opla Energy, Valvetight EMT, and Well Resolutions Technology. OTC has been recognizing small businesses’ contributions to the offshore energy industry since 2014. To be eligible for the Small Business Award, companies must have no more than 300 employees in the preceding 12 months and be independently owned and operated or registered as a nonprofit organization.
The Offshore Technology Conference (OTC) has recognized 15 companies with its prestigious 2023 Spotlight on New Technology Award. The award is exclusively given to OTC exhibitors who have developed hardware and software technologies that are revolutionizing the offshore energy sector. This year’s winners were selected based on various criteria, including uniqueness, ingenuity, success, commercial viability, and the ability to have a significant impact across the industry.
The winners include seven small businesses and are considered exceptional due to their contributions to the offshore industry. Paul Jones, Chairperson of OTC Board of Directors, expressed his pride in recognizing companies that are transforming the offshore energy sector. Jones stated that it requires intense collaboration, consistency, and bright minds to drive innovation in the industry.
The 2023 Spotlight on New Technology Award winners include Baker Hughes, producer of REACH wireline-retrievable safety valve; Hägglunds, producer of Atom—the most powerful gearless direct drive; Framo AS, producer of Framo Submerged Turbine; OSIRenewables, producer of FTLP Floating Wind Platform; Oil States, producer of Active Seat Gate Valve; Saipem, producer of FlatFish; SLB and Equinor, producer of Epilogue dual-string barrier evaluation; and Teledyne Marine, producer of 3 Channel Vertical Optical Feedthrough System.
Small business winners include CARBO, producer of CARBOTRACE; GOWell, producer of Deformation and Eccentricity Tool (DEC); Oliden Technology, producer of TerraFusion Azimuthal Gamma Ray, Annular Pressure and Ultrasonic Imaging LWD Tool; Opla Energy, producer of OplaSmart Software and PMD, Pressure Management Device; Valvetight EMT, producer of DBB-SAVER for LNG; and Well Resolutions Technology, producer of GeoTracker At-bit Propagation Resistivity.
OTC has been honoring small businesses and their contributions to the offshore energy industry since 2014. To qualify for the Small Business Award, companies must be independently owned and operated or registered as a nonprofit organization and have no more than 300 employees in the 12 months before the application deadline.
The 2023 Spotlight on New Technology Award winners will be recognized at this year’s conference on May 1st at NRG Center in Houston. For more details about the awards, visit OTC’s Spotlight on New Technology Award page.
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