The oil price drop is causing a new market for data tools: big oil. In the face of sliding oil prices, oil and gas companies are increasingly embracing new data tools to help cut costs and manage resources more efficiently, according to a new report.
The slide in oil prices —from over $100 last year to $38 earlier this month— might be good for drivers. But the price drop is shaking up the U.S. oil industry by depressing profits and causing companies to cut jobs...............................................Full Article: Source
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