B.Bobby Graham Reporting From The Offshore Technology Conference In Houston, Texas USA < GlobeNewswire>< PRWire> < PRNewswire>
WASHINGTON — It started at this year’s Offshore Technology Conference. The Oil and Gas Industry looking at the United States for leadership on 
oil prices. President Barack Obama welcomed Saudi Arabian leaders to the White House Today amid strains with the kingdom over his pursuit of a nuclear deal with Iran.
As he opened their Oval Office meeting, Obama said the U.S. and Saudi Arabia were building their relationship "during a very challenging time."
Beyond the Gulf nation's worries about Iran, Saudi Arabia and other countries are deeply concerned about the rise of the Islamic State and instability in Yemen.
This year’s Offshore Technology Meeting Made a group of engineers from Houston proud. Yes The Cameron Iron company showed the Offshore Technology 
Conference and the rest of the world their new Subsea Product.
Subsea is a term to refer to equipment, technology, and methods employed in marine biology, undersea geology, offshore oil and gas developments, underwater mining, and offshore wind power industries. 
The Reason why Cameron Iron was able to win award was part due to their new, Subsea Services Alliance, the collaboration between Helix Energy Solutions Group, Inc.
(NYSE: HLX), OneSubsea®, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, and Schlumberger, is pleased to announce the first joint technology project between OneSubsea and Helix to engineer and manufacture a 15,000-psi intervention riser system.
This jointly developed technology advances the alliance's objectives to offer well intervention solutions to service the increasing number of high-pressure wells in the subsea environment. The system, which will be available on a rental basis in mid-2017, is being engineered and built at OneSubsea facilities in Leeds, UK.
Helix President and Chief Executive Officer, Owen Kratz said, "This new jointly-owned system will allow us to service a wider range of our client's well stock. It shows that even in a downturn we are able to target new and exciting opportunities."
OneSubsea Chief Executive Officer, Mike Garding stated,
"By combining the operational expertise of Helix Energy Solutions with OneSubsea's world class engineering and manufacturing capability, we are creating well access and control packages that will expand today's operating envelope to deeper and higher temperature environments. The announcement for the 15,000-psi intervention riser system is one of the first steps we are taking on the road to become the pioneers in subsea well intervention."
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Subsea is a rising technology in the Global Oil and Gas Markets.The Subsea Production Market. Subsea engineering, in which wellbores are drilled through the seabed, is typically carried out for the extraction of petroleum. Escalation of demand for energy and the nearing maturity of onshore resources are driving the momentum toward subsea engineering. The White House is expected to offer the Gulf nations more military assistance, including increased joint exercises and coordination on ballistic missile systems. The package of assistance would be aimed at reassuring the region that the U.S. will guard its security against potential Iranian aggression.
Some Gulf nations wanted Obama to commit to a formal defense treaty, but U.S. officials have told leaders the president will not agree to such a measure.
The Saudi king isn't the only head of state skipping the meetings in Washington. The heads of the United Arab Emirates and Oman have had health problems.
Bahrain's King Hamad bin Isa Al Khalifa will be in Britain Thursday to attend an event at Windsor Castle and meet with Queen Elizabeth II.
An increase in oil and gas drilling activity has helped subsea oil production gain traction, with the EMEA region leading the pack. With governments worldwide, shifting their focus to offshore oil and gas reserves, their interest will dispense growth in the market, as indicate TechNavio insights.
The market has witnessed technological advancements and key market players are investing heavily toward subsea engineering and offshore oil and gas exploration. FMC Technologies, with the largest market share in production, is penetrating further by leveraging its engineering and technical expertise. FMC intends to capitalize on the growth opportunities that lie in APAC, Brazil, North Sea, and West Africa.
With the price of Oil at $61.30 you can bet your Vacation Is going to see a increase. Lets just hope inflation and interest rates will not see a increase.
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