[INDUSTRY NEWS]


Offshore Technology Conference Celebrates 50th Anniversary with a Focus on the Future; Green Pin Tycan Awarded


for the event, I’m even more gratified by the diverse representation of geographies, industries and topics,” OTC Board of Directors Chairman Wafik Beydoun said. “Beyond the hundreds of technical sessions and networking opportunities available, this year we featured numerous thought leadership discussions with energy executives, including an expanded global reach in our new Around the World series.” From an international viewpoint,


the inaugural Around the World Series offered analysis of offshore growth in nine featured countries—among them Mexico, Guyana and Ghana—and opportunities for investments and licensing. OTC 2019 welcomed 15,281 attendees


> Offshore energy professionals from around the world attended the 2019 Offshore Technology Conference—the 50th anniversary—at NRG Park to gain insights from global experts and colleagues. While speakers challenged ideas about the changing landscape of exploration and production, exhibitors displayed the impact of technology and digitalization on the science of energy supply and demand management. Of particular note for the lifting and


rigging sector, Chris Keffer, Managing Director USA and Canada for VanBeest reported “We are very proud that our new product, Green Pin Tycan® fibre chain, has won the Spotlight on New Technology award during the OTC’s 50th year anniversary. Every day the Van Beest team welcomed a lot of visitors to the Green Pin® booth who were interested in innovative products like Green Pin Tycan® Lifting and Lashing Chain. Overall you could really feel the positive and optimistic vibe among attendees which says a lot about the industry’s prospects. We look forward to the 51st edition of the OTC and hope that it will be a great success like this year’s edition.” Other exhibitors in the sector echoed


enthusiasm for the event. “We have exhibited at OTC for several years now and OTC has always been a great show for us. While the traffic for the 2019 show was down slightly from previous years, people were busy in general and the mood of the industry was very positive. We were able to walk away with several great prospects and future orders”, said Phil Chant, President of Chant Engineering Co. Inc. “There were many measures of success


for this year’s edition of OTC, and while it’s exciting that attendance was above average


from outside the United States, a number that has increased for the last three years. Attendance from dignitaries, such as Korean Prime Minister Lee Nak-yon who visited the Korean Pavilion, further emphasizes the global reach of OTC. Celebrating 50 years since its inception


in 1969, OTC 2019 spent equal focus on the next half-century. The opening general session featured “The Next 50 Years of Offshore Developments,” in which nine executives provided perspective on ensuring businesses are more resilient to face future challenges and adapting to an increasingly digital landscape. “This year has been unparalleled in terms


of showcasing the new technology that is driving our industry, both in efficiency and innovative solutions,” Beydoun said. “OTC continues to evolve in response to our changing world, this year including fourteen sessions dedicated to offshore renewables, which just further reinforces that this is not only the largest but the most impactful energy conference in the world.” This year’s conference spanned more than


564,000 square feet, with major equipment installations, holograms and interactive displays actively engaging 59,200 attendees from over 100 countries. More than 2,300 exhibiting companies from 40-plus countries showcased the future of offshore activities. There were 328 new exhibitors, and international companies made up 52% of total exhibitors. The OTC Golden Anniversary Gala


Dinner raised $300,000 for Spindletop Charities, which provides programs for at-risk youth. OTC also recognized its Distinguished Achievement Award recipients: Carlos Mastrangelo for individual achievement, the ExxonMobil-operated


Hebron Offshore Project for institutional achievement and a Hoover Medal for David Baldwin. In its third year, the OTC Energy


Challenge featured more than 70 local area high school students who worked to solve real-world energy challenges. With the aid of an academic coach and industry mentors, students competed in teams and presented their solutions to the OTC audience via a technical e-poster session. From Houston, The Village School won first place, Westside High School won second place and Chavez High School won third, winning scholarships totaling $12,000. OTC also continued its hosting of the


Rice Alliance Startup Roundup. Investors met one-on-one with 50 emerging companies to learn about their developing businesses and facilitate potential partnerships. OTC 2020 will take place 4-7 May at


NRG Park. y


Crosby Enters Into Agreement to Acquire Gunnebo Industries


> The Crosby Group (“Crosby”), a leading global provider of lifting, rigging, and material handling hardware, announced that it has entered into an agreement to acquire Gunnebo Industrier Holding AB from Segulah, a Nordic private equity firm, and that all closing conditions have been satisfied. Gunnebo Industries is a global leader in innovating, developing, manufacturing and selling products for material handling and other related applications. “Given our shared commitment to


safe rigging and lifting and our equally committed and talented teams, this acquisition is a natural fit,” Bob Davies, Chief Executive Officer of Crosby, said. “Together we complement each other perfectly. Crosby and Gunnebo Industries will be able to deliver enhanced value for customers and channel partners by providing a broader product portfolio, enhanced support and training, expanded geographic presence and greater ability to offer innovative solutions.” Fredrik Wiking, Chief Executive Officer


of Gunnebo Industries, stated, “This is an exciting new chapter for Gunnebo Industries, its employees, and customers. In combining the talent and resources of both companies, we will be able to take our customer offering to a whole new level. We look forward to joining the Crosby team, who share the same


WIRE ROPE EXCHANGE MAY–JUNE 2019 7


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85