Thriving and Surviving in Oil & Gas


It’s been happening all our lives. Oil & Gas prices fluctuate, and with the ups and downs, the industry adapts and looks to thrive—and more recently, to survive. In 2015, when oil fell to its lowest price in seven years, more than 100,000 jobs were shed and organizations looked to slash billions in spending.  It’s a cycle. It always has been, and always will be. Despite this fact, there is technology on the horizon that can help organizations make right-size investments during the survival phase.
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Oil and Gas Cost Savings: Time is the Most Valuable Commodity


Focus on what you can control.
 
The historic decline in the price of oil, which has dropped 70 percent since the summer of 2014, brought with it operational challenges for oil and gas enterprises, including unprecedented headcount and CAPEX reductions. New performance strategies ensuring production uptime, particularly in aging assets both upstream and downstream, and establishing efficient workflow processes are vital to improved and profitable business operations, returning some control in a struggling climate.
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Blood & Oil The New Emerging Petro-Landscape


Collectively the major oil producing countries that are highly dependent on oil export revenue are experiencing an unprecedented level of tumultuous upheaval. A seismic shift is taking place in world oil production with the addition of US shale-oil production and recent exports during a period of flat demand not to mention a strong US dollar – so much oil and nowhere to go. And because of the strong US dollar, even countries that are not under economic strain have shrewdly decided to limit their purchases of oil.
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Problem in the Oil Patch – Oil, Oil Everywhere


With the world awash in oil, the problems that it brings become ever more evident.  With prices dropping precipitously, profitability goes down with it.  With more product chasing smaller demand, it produces an ever increasing price spiral downward.  As companies and Countries continue to produce, as produce they must, they are caught in this trap.
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