Low Oil Prices Got You Down? Real Estate’s Silver Lining


Depressed oil prices have rippled through major North American energy markets, driving consolidation and reducing demand for real estate from energy companies. Forward-looking energy executives can take advantage of the situation by, among other things, taking a long-term view of their real estate needs. In some locations, there are deals to strike now that can enable companies to reap benefits for years to come. Following are some steps for taking advantage of real estate opportunities while oil prices are low.
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Academic Insight, Industrial Competence, and the Implications of Oil Prices


Like many industries, companies within the oil and gas industry employ the use of various types of research and development for a multitude of reasons. Examples of the most pressing needs of the oil and gas industry are to 1) garner a better and more detailed understanding of the earth and its natural processes, and 2) develop and commercialize new technologies to aid the processes involved in the upstream and downstream sectors of the industry.
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Need for New Ideas, Even in a Time of Tight Cash


The collapse in oil price in the second half of 2014 has brought a sharp cash crunch to the industry. R&D spending in oil and gas rose over the last decade, following prices and as companies have taken on more complex and challenging projects. By 2013, leading researchers and developers in the oil and gas sector were spending over $15 billion annually, double that of a decade earlier.
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Restless about Connected Devices and Security Risks – Four Strategies to Help Oil & Gas Execs Sleep Easier


The decline of oil prices places immense pressure on the Oil & Gas industry, and organizations are looking for ways to safely cut operational expenses to respond to those pressures and stay competitive in the current price market. According to Capital Economics, the 50 percent drop in crude oil prices will reduce annual revenue to oil producers worldwide by more than $1.5 trillion. In the past year, we have seen smaller companies go out of business as well as a number of mergers and acquisitions across the industry as a result of market conditions.
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