Technological Advances Cushion Oil Crisis

Technological Advances Cushion Oil Crisis

Marked by intensified volatility due to continuous sharp oil price fluctuations, the oil market experienced its longest and deepest slump in 2014-2016. However, following the oil production cut deal, the prices recovered for a brief time and reached an all-time high in 2019. The oil production cut deal between OPEC…

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Author Profile

Amandeep Kaur works as a Financial Accounting professional at ScanOleum an oil and gas startup company focused on Oil and Gas trading, Drilling Services and Marketing Oil and Gas equipment. She dedicates a significant time in monitoring Oil and Gas markets, identifying opportunities as well as managing risks and compliance. She has a keen interest in writing about Oil Markets, M&A activities in the Oil Industry, and Advanced Technologies to help oil and gas businesses. She has an MBA in Finance and Marketing from the University of Delaware.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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