Marine Technology Reporter Blogs - booths

The last day of the Rio O&G conference began with an early morning presentation on the possible uses of Nanotechnology for O&G exploration and advanced oil recovery. The sector, with the support of IBP (Brazilian Petroleum Institute) has been working on a Nano Agent capable of increasing the average oil recovery by 20%. According to Rustom Mody, Vice-Presidente of Technology at Baker Hughes, presently 60% of nanotechnology patents are from the U.S. and Canada and the number of patents has greatly increased in the last 10 years, with the market experiencing a major growth since 2009. The market presently involves values of over US$ 9 billion, up from the US$ 4,5 billion of 5 years ago.

The latest edition of the Rio O&G 2014 Expo and Conference is easily the biggest installment ever of the largest O&G event in Latin America. Many foreign participants were saying that it was the one of biggest even they’ve seen anywhere and also one of the most well organized. Praises were also lavishly handed out to the quality of the technical presentations, lectures, panels and digital poster sessions. Important developments for the industry have also been announced during the event, such as the news that Brazil’s thirteenth bidding round will take place in the first semester of 2015 and Shell’s Executive Vice President Mark Shuster’s much commented speech…