1. Lower Turnout as Tariffs Cast Shadow
The 2025 Offshore Technology Conference (OTC) in Houston—one of the largest U.S. oil and gas exhibitions—concluded this week with 15% fewer international exhibitors compared to 2024, attributed to ongoing U.S. tariffs on energy equipment and materials. Key players from China, Russia, and parts of the Middle East opted for regional expos instead.
Despite trade challenges, the event spotlighted cutting-edge U.S. innovations, including:
- AI-driven drilling optimization (Halliburton, Schlumberger)
- Modular carbon capture systems(Baker Hughes, Chevron)
- Hydrogen-compatible rigs(ExxonMobil)
U.S. Energy Secretary Jennifer Granholm emphasized federal support for cleaner fossil fuels during the transition to renewables.
