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2024 OTC Spotlight on New Technology Awards
Application Now Open

The OTC Spotlight on New Technology Awards is the premier awards program in the offshore energy industry.  It is designed to highlight new technologies in the offshore energy sector for companies exhibiting at the Offshore Technology Conference.

Only exhibiting companies, including divisions and subdivisions, may apply. The cost for each application submitted is USD 2,500 with a limit of two submissions per company.

All entries, including entry fee and all supporting documents, are due by 15 December 2023.
 

 

SUBMIT AN APPLICATION

 

Applications, entry fees, and accompanying documentation will not be returned or refunded. The decision of the judges is final and incontestable. Companies selected for awards will be notified in March 2024.

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Winning Technologies Receive:

Winning Technologies Receive:

  • Acknowledgment in an OTC press release;
  • Advanced recognition on the OTC website and on OTC social media platforms;
  • Acknowledgment at an on-site awards ceremony with press invited;
  •  Recognition in a special section of the OTC digital conference program;
  • Designation on the exhibit floor with a customized Spotlight banner;
  • Use of the Spotlight on New Technology logo and recognize themselves as a Spotlight winner at any of the OTC events that are held within 11 months of the OTC of which they won.
Technology Criteria and Judging

Technology Criteria and Judging

Technologies to be considered for the Program must meet five general criteria—new, innovative, proven, broad interest, and significant impact. Both hardware and software technologies are applicable. Applications will be reviewed and evaluated by experts in the appropriate fields of technology. A committee made up of representatives from the OTC Board will judge the applications and determine the award recipients.  Only information submitted in writing in the application will be considered by the judges.

Spotlight on New Technology - Small Business Award

In support and recognition of innovative technologies being developed by small businesses (less than 300 employees), applicants may choose the small business category during the application process.

These winners will receive the same benefits listed above but with the added recognition as a “Small Business Award” winner.  New technologies developed by small businesses will also be considered for the primary Spotlight on New Technology award.

Small Business Winner

Small Business Award Requirements

To be considered for the Small Business Award, your company must:

  • Be independently owned and operated or a not-for-profit concern.
  • Have no more than 300 employees for the preceding twelve months (as of the application deadline).
  • Meet all other Spotlight on New Technology Award requirements.

Small Business Winner

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Congratulations to the 2023 Spotlight on New Technology® Award Winners

OTC recognizes new and innovative technologies with the prestigious Spotlight on New Technology® Award. This program is exclusively for OTC exhibitors and showcases the latest and most advanced technologies that are leading the industry into the future. The 2023 awards were presented on Monday, 1 May during OTC.

At OTC 2023, 15 technologies, 7 of them from small businesses, were awarded due to their advancements in the industry.

 

Read More

2023 Spotlight on New Technology Winners

  • Baker Hughes producer of REACH™ wireline-retrievable safety valve
  • Framo AS producer of Framo Submerged Turbine
  • Hägglunds, a brand of Bosch Rexroth producer of Atom – The most powerful gearless direct drive
  • Oil States Active Seat Gate Valve
  • OSIRenewables™, an Oil States enterprise, FTLP™ Floating Wind Platform
  • Saipem producer of FlatFish, a technology originated by Shell Brasil in cooperation with Senai Cimatec
  • SLB and Equinor producer of Epilogue™ dual-string barrier evaluation
  • Teledyne Marine producer of 3 Channel Vertical Optical Feedthrough System

Small Business Graphic
2023 Spotlight Small Business Winners 

  • 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
  • Opla Energy producer of PMD, Pressure Management Device
  • Valvetight producer of DBB-SAVER for LNG
  • Well Resolutions Technology producer of GeoTracker At-bit Propagation Resistivity

Baker Hughes

Baker Hughes producer of REACH™ wireline-retrievable safety valve

The REACH™ wireline-retrievable safety valve from Baker Hughes provides the industry’s first and only solution to bring ultra-deepwater wells with failed tubing-retrievable safety valves back online faster, safer, and more economically than a deepwater workover.

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CARBO

CARBO producer of CARBOTRACE™

CARBOTRACE technology overcomes the limitations of current technology by providing a cost-effective production surveillance solution for multistage fractured completions.

Deployed with various proppants, CARBOTRACE offers a quantitative analysis of the percent contribution of each frac stage's oil, water, and gas phases. CARBOTRACE enables quick decision-making based on reliable production data.
 

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small business winner

carbo image

 

Framo AS

Framo AS producer of Framo Submerged Turbine

Framo submerged turbines enables generation of electric power from the wastewater dumped overboard. The solution increases the operational efficiency.

Operators can save up to 30% power on cooling systems. It reduces the carbon footprint and enables increased gas export. Submerged turbines are installed on new or retrofitted on existing facilities.
 

framo as logo

framo as product

GOWell

GOWell producer of Deformation and Eccentricity Tool (DEC)

GOWell’s unique DEC tool measures casing deformation behind tubing. The DEC generates a magnetic field and measures magnetic flux density distributions azimuthally, delivering reliable outputs of casing ovality, and the tubing eccentricity in the casing. The technology is combinable with other GOWell services to provide cost-effective monitoring solutions for operators.
 

gowell logo

small business winner

gowell product

Hägglunds

Hägglunds, a brand of Bosch Rexroth

The Hägglunds Atom is the world's most compact powerful gearless drive that can be used to convert electric energy or diesel power to rotary motion. Due to its compact size, efficiency, safety and reliability, the Atom was quickly adopted in field applications achieving TRL 6.
 

hagglunds logo

hagglundsproduct

Oil States

Oil States Active Seat Gate Valve

Oil States Active Seat Gate Valve provides game-changing sealing performance in the field. It dramatically reduces the amount of heavy grease required during operations by hundreds of pounds per well, which significantly reduces grease disposal upon completion. Personnel intervention at the wellhead is cut substantially also, boosting safety and efficiency.
 

oil states logo

oil states product

Oliden Technology

Oliden Technology producer of TerraFusion Azimuthal Gamma Ray, Annular Pressure and Ultrasonic Imaging LWD Tool

TerraFusion is the latest generation LWD all-mud imaging tool. It offers 16-sector Gamma-Ray, APWD, and 128-Sector high-resolution ultrasonic borehole standoff and formation imaging capability integrated in a short collar. TerraFusion provides comprehensive insights into borehole geology, geomechanics and completion, and improves drilling efficiency and well placement precisions in real-time applications.
 

oliden technology logo

small business

oliden product

Opla Energy

Opla Energy producer of OplaSmart Software

OplaSmart is an advanced cloud-based software designed to improve managed pressure drilling with machine learning, digital twin engineering, and IoT. The software collects data from multiple locations and uses it to train an artificial neural network for pressure profiles. With its powerful capabilities, OplaSmart is an essential tool for modern drilling operations.

Opla logo

small business

opla software

Opla Energy

Opla Energy producer of PMD, Pressure Management Device

PMD™ is an innovative rig Integrated MPD technology that harnesses machine learning, artificial intelligence, and IoT to facilitate drilling operations. It emphasizes optimizing and improving performance drilling, reducing man-hours, equipment footprint, transportation costs, and emissions. PMD™ is powered by PMDSmart™ software and is remotely controlled, making it the first IoT MPD system.

Opla logo

small business

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OSIRenewables™

OSIRenewables™, an Oil States enterprise, FTLP™ Floating Wind Platform

The FTLP™ Floating Wind Platform (or “Fixed TLP”) developed under Oil States’ OSI Renewables brand is a game-changing approach offering the benefits of a highly stable fixed platform structure to the floating wind market with substantially reduced cost and streamlined installation capability compared to traditional floating wind platforms.
 

osirenewables logo

osirenewables product

Saipem

Saipem producer of FlatFish, a technology originated by Shell Brasil in cooperation with Senai Cimatec

FlatFish, a technology originated by Shell Brasil in cooperation with Senai Cimatec is the state-of-the-art for underwater drone technology, delivering advanced inspection and surveillance services from shallow to deepwaters. Engineered between Italy and Brazil by Sonsub, Saipem’s center of excellence for subsea technology, it has recently completed a deepwater pilot project demonstrating its main capabilities and performances and is now ready for commercialization.

saipem

saipem

SLB and Equinor

SLB and Equinor producer of Epilogue™ dual-string barrier evaluation

Epilogue™ dual-string barrier evaluation revolutionizes well decommissioning by evaluating barrier integrity behind multiple casings without pulling the inner tubing. By enabling a fully rigless P&A solution, this industry-first technology drives operational efficiency, minimizes costs, and reduces emissions. Beyond P&A, it helps plan well sidetracks, improves production, and optimizes CCS projects.
 

equinor logo slb logo

 

equinor and slb product photo

Teledyne Marine

Teledyne Marine producer of 3 Channel Vertical Optical Feedthrough System

The Teledyne 3-channel Optical Feedthrough System is designed for use at a maximum operating pressure of 10,000 psi and temperature of 250 °F. The connector set can be mated at speeds up to a half a meter per second and is designed to operate continuously for 25 years.
 

teledyn marine logo

teledyn image

Valvetight

Valvetight producer of DBB-SAVER for LNG

The DBB-SAVER technology is designed to create, maintain, monitor, and control a vacuum between two valves (or between two seats inside a single valve) thereby making any leakage of liquids or gas towards the safe work area impossible. Make planned maintenance, inspection, or emergency work safer than ever before.
 

valvetight logo

small business

valvetight product

Well Resolutions Technology

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REQUIREMENTS

To be considered, the technology must meet five key criteria.

  • New. The technology must have been offered to the marketplace in a ready-for-commercialization state less than two years prior to the application date.
  • Innovative. The technology must be original, groundbreaking, and capable of having a major impact on the offshore E&P industry.
  • Ready. A proposed type of equipment must meet the requirements of API 17Q Technology Readiness Level of TRL4 or higher to qualify for submission.
  • Broad Interest. The technology must interest and appeal to the industry.
  • Significant Impact. The technology must provide significant benefits exceeding existing technologies.

WINNING TECHNOLOGIES RECEIVE

  • Acknowledgment in an OTC press release.
  • Advanced recognition on the OTC website and on OTC social media platforms.
  • Acknowledgment at an on-site awards ceremony with press invited.
  • Recognition in a special section of the digital OTC conference program.
  • Designation on the exhibit floor with a customized Spotlight on New Technology banner.
  • Use of the Spotlight on New Technology logo.
  • Recognition as a Spotlight on New Technology winner at any of the OTC events that are held within 11 months of the OTC of which they won.

SMALL BUSINESS AWARD

Small Business Winner GraphicOTC Spotlight on New Technology Small Business Award recipients will receive the same benefits as listed above, with the added recognition as a "Small Business Award" recipient. The Spotlight on New Technology Small Business Award® recognizes the innovative technologies being developed by small businesses (less than 300 employees). To be considered, your company must:

  • Be independently owned and operated or a not-for-profit concern.
  • Have no more than 300 employees for the preceding 12 months.
  • Meet all other Spotlight on New Technology award program requirements. 

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