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General Meeting: Why are Downturns always the Driver behind Innovation?

ABSTRACT of Presentation

In the current “lower-for-longer” oil and gas price environment, offshore and subsea petroleum prospects face significant cost hurdles to stay economically competitive with other hydrocarbon sources and lower risk areas.

During upturns and shortages in the petroleum industry, technology may take a back seat to production runs, delivery volumes and schedules, and installation schedules.

But when there is a downturn in the petroleum industry, everyone looks to new technology to be the savior. New technology is perceived as the mechanism to shift the paradigm.

This presentation will look at historical events and technology metrics from past upheavals in the petroleum industry to stimulate discussion to predict what might be next in our industry.

MENU

SPINACH SALAD w/RANCH DRESSING

SAUTEED RED FISH

FRUIT TART

If you have special dietary needs (allergies, religious, etc.), please include special meal requests in the "Comments" section during the registration process.

Registration & Walk-ins

All attendees are encouraged to register and pay online for this event. This is a more efficient means of registering for the event and enables the registration process at the meeting to move much faster. Walk-in space is available on a seat-limited basis at a fee $5 more than the on-line registration fee.

Parking for this event

The TOTAL Plaza building (1201 Louisiana Street across from the Houston Hyatt Regency Hotel) is connected to the downtown Houston tunnel system. Using the tunnel system, those working downtown can walk to our meeting in air-conditioned comfort.

If you will drive to this meeting, the following summarizes available parking:

The image above shows how to access the valet parking area at the new location of the Petroleum Club. Enter from Milam Street and exit onto Louisiana Street. Parking fee for this valet parking is $15.

Surface parking lots are available to the south of the TOTAL Plaza building (between this building and the former EXXON Building), including one surface lot adjacent to the TOTAL Plaza Building - pay at meter (cost ~ $9). Other surface lots in the area cost $8 - $9 and they frequently are full by mid-morning.

Parking is also available in the Hyatt Regency Hotel parking garage across the street. Prices vary depending on time in the garage. Cost for 2 hours of parking is $9. Parking is also available via valet at the Louisiana Street entrance of the hotel. Cost is $10.

Location: PETROLEUM CLUB (NEW LOCATION), 35th Floor, TOTAL Building
1201 LOUISIANA STREET, 35th Floor
Houston , Texas 77002

Date: March 9, 2017, 11:30 a.m. - March 9, 2017, 1 p.m.