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Is Big Oil’s Transportation Fuel Dominance Coming to an End?

Is Big Oil’s Transportation Fuel Dominance Coming to an End?

Big oil has dominated the transportation fuel market for decades. But according to Lux Research, its days are numbered. “Oil’s dominant position in transportation fuels has proved impregnable for more than a century, but real threats abound now,” said Brent Giles, Lux research director and lead author of the report, … Read more »

Drilling Robots Battle Low Oil Prices

Drilling Robots Battle Low Oil Prices

Low oil prices are driving operators toward innovations from robotic drilling to advanced seismic imaging, as they restructure and streamline operations to cut down non-productive time (NPT) and shave costs, according to Lux Research. “Contingency costs arising from NPT typically account for about 10 percent to 15 percent of total … Read more »