Offshore Technology Conference

Offshore Technology Conference cancelled

05.03.12.OTC

More fallout from the coronavirus pandemic came today when the Offshore Technology Conference (OTC) cancelled its annual conference in Houston that had been scheduled for May 4–7.

About two weeks ago, OTC announced that they had postponed the show to the third quarter of 2020. OTC said at the time that they were working to confirm dates in August or September. OTC has been held annually since 1969. Last year’s OTC conference reportedly drew 59,200 attendees.

In a press release, OTC said that “in...

https://www.workboat.com/news/offshore/offshore-technology-conference-cancelled/

Offshore operators feel the effects from the coronavirus

Jackson Offshore's 4,357-dwt OSV Breeze. Photo courtesy of Jackson Offshore

Like other workboat sectors, the offshore service vessel industry is being affected by the coronavirus pandemic. At the same time, the offshore industry is getting hit with a double whammy — plunging oil prices. The price of West Texas Intermediate, the U.S. benchmark crude oil, hit its lowest level since 2004 on Wednesday.

WTI crude closed at $22.59 on Friday.

Matthew Rigdon of Jackson Offshore Operators, said the limited supply of coronavirus testing apparatus is creating an especially...

https://www.workboat.com/news/offshore/offshore-operators-feel-the-effects-from-the-coronavirus/

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