In the 20th and the 21st centuries, the world has had a high dependency on oil and gas. However, these two energy resources are non-renewable. It is likely that the world gas and oil reserves will run out. Such an occurrence may be a catastrophe of gigantic proportions. This has raised serious concerns in the big oil companies of the world. These companies have resulted in the use of the technological advances of the 21st century and the top 10 service management techniques to explore and mine fuel more economically and efficiently. Technological advances and the birth of the internet has become a major driver of the multi-billion-dollar global exploration and mining industry. In this article, we are going to discuss how technological advancements have transformed the oil and gas industry.
Techniques of exploration
Oil exploration and drilling was very much pot luck just a century ago. In the … Read More