Over the past two months, we’ve taken InnovOil on the road to seek out the best new technology and innovation the oil and gas industry has to offer. The last four years have been an interesting time for the oil and gas industry, as budgets have been cut and efficiency has been the order to the day. But with oil holding around the US$70 region, we’re seeing optimism return to the industry and budgets to match.
This could easily spell a golden age for oil and gas technology as more companies look to use their new wealth to capitalise on efficiency gains. Investing in new technology and new techniques will help create a leaner, smarter and better oil and gas industry.
The only problem is finding out about these new innovations. It seems like there’s no shortage to new start-ups pushing their products, and that’s InnovOil is here, to tell you all about the best the industry has to offer.
We spoke to TechX Ventures, a new UK-based partnership that is helping nurture and promote oil and gas tech start-ups. We spoke to them about what they’re working on, and got a chance to speak with two of the companies that have come through their programme.
We looked at how Parkburn’s Deepwater Capstan is powering a new series of cranes. These can quickly move a payload to the ocean floor and back again, opening up new possibilities in the subsea sector.
We got back in touch with Argonne National Laboratory to catch up on the Oleo Sponge, which has just undergone its first real world tests. While it has performed well in the lab, this was its first opportunity to prove itself in the field. Read on to find out if it lived up to expectations.
Lumasense told us a little about their new line of flare monitors. Small and portable, they’re an alternative to integrated thermocouples on flare stacks.
All this and more is in the latest edition of InnovOil.