Fluid Power Journal

OTC Announces Technology Awards

The Offshore Technology Conference’s 2020 recipients of its Spotlight on New Technology Award went to nine companies, while it recognized six firms with its Spotlight on Small Business Award, OTC announced on May 4.

The Spotlight on New Technology Award recognizes companies that have created new and advanced technologies that play a role in advancing the offshore oil and gas sector into the forthcoming years.

The Spotlight on New Technology Award winners are:

  • Advisian Digital, producer of CAROL;
  • Baker Hughes, producer of SureCONNECT Downhole Intelligent Wet-Mate System;
  • Baker Hughes, producer of Aptara lightweight compact tree;
  • Bosch Rexroth, producer of A High Force and Low Voltage Subsea Valve Actuator (SVA) to enable the implementation of the all subsea factory in BROWN Fields;
  • Dril-Quip Inc., producer of VXTe Vertical Subsea Tree System;
  • Halliburton, producer of Xaminer Magnetic Resonance (XMR) service;
  • NOV, producer of SWIT – Subsea Low Sulphate and Low Salinity Plant;
  • NOV, producer of PowerBlade Energy Recovery System;
  • Schlumberger, producer of NeoSteer at-bit steerable system;
  • Schlumberger, producer of Ora intelligent wireline formation testing platform;
  • Siemens, producer of Siemens AM Monitor; and
  • TechnipFMC, producer of Subsea Power Distribution Station.

The Spotlight Small Business winners are:

  • DarkVision, producer of HADES-F;
  • Rocsole Ltd, producer of LITI -Liquid In-Tank Inspection;
  • Rolloos, producer of Red Zone Service;
  • Upwing Energy, producer of Upwing Subsurface Compressor System;
  • WFS Technologies Ltd, producer of Seatooth SmartClamp; and
  • WFS Technologies Ltd, producer of Subsea Cloud Computing Network.

Winning technologies were selected based on five criteria:

  • the technology must be less than two years old;
  • it must be original, groundbreaking, and capable of having a major impact;
  • it must be proven through full-scale application or successful prototype testing;
  • it must have broad Interest and appeal for the industry; and
  • it must provide significant benefits beyond existing technologies.

Since 2014, OTC has supported and recognized the innovative technologies being developed by small businesses with the Spotlight on Small Business Award. In addition to meeting the above criteria, a small business honoree must be either independently owned and operated, a nonprofit company, or have no more than 300 employees preceding the 12 months after the application deadline.

“There has been a growing trend in the number of small business applicants and therefore winners in recent years,” Cindy Yeilding, chairperson of the OTC board of directors, said in a press release. “This is a direct reflection of the innovation currently happening within the industry as well as the importance of this recognition. More and more companies are developing new technologies that are revolutionizing the offshore sector, and we are honored to be able to shine a spotlight to help the entire industry grow and thrive.”

More information, visit http://2020.otcnet.org/awards.

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