In the decade we’ve been covering the oil business, we can’t recall another period of time when technology and efficiency gains were occurring this fast. And as students of this industry, we’d argue that there’s been no time in history when O&G industry methods were advancing at today’s pace.
Globally, human knowledge is doubling every 13 months. Robotization is becoming a real global trend. And technology is at the forefront of every industry now. Shale and the ensuing downturn have catalyzed step changes in oil industry thinking and technological progress as well. Nabors’ analyst day last week was case in point.
In this update we take a step back in time and look at the way things used to be…
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