As experience has shown time and again, oil technology just gets better.
Oil, technology and basic industrials are suffering margin contraction from pricing and weakening revenues.
The Deep Water Horizon explosion and oil spill off the coast of Louisiana in 2010 demonstrated how little improvement in oil cleanup technology had been made since the Exxon Valdez spill in 1989.
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Same goes for India's Azim Premji, who turned his dad's cooking-oil business into technology giant Wipro.
We may learn of more oil deposits and technology may bring more within our grasp, but the actual amount is always declining.
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PDVSA's oil-production technology is now at least five years ahead of Pemex's, particularly in its ability to drill in deep waters and in its use of seismic surveys.
Currently, the carbon byproduct is released into the air, but there is the possibility of it being sequestered, which technology oil majors like Royal Dutch Shell and Exxon Mobil are exploring.
Now GE sells wind turbines, smart grid systems and oil and gas technology around the world, as well as the big gas power turbines that made it an industry leader in the U.S. a long time ago.
Oil companies around the world use technology to try and increase the amount of oil and gas they can explore and produce.
Increased spending by oil firms on recovery technology will boost revenue per rig figures for Schlumberger.
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On Wall Street there were tremendous reversals in the technology and oil service sectors.
An oil company and tollbooth technology might help you get your burger quicker.
We need clean coal in the U.S., and melding the technology with oil recovery is a smart way to make it economic.
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With new technology permitting oil drilling under 6, 000 feet of water, Petrobras discovered a huge field off the coast of Brazil under layers of salt.
But this is now changing, with oil firms increasingly heading north, nudged by high oil prices, better technology, a dearth of easier opportunities and melting ice.
But the real star of the show is the city itself with its dark, zombie-infested alleys and sewers, its whale-oil-powered steampunk technology, and its high brick walls.
They had been looking for oil and lacked the technology back then to extract gas from waters more than 3000 feet deep, or pipe it ashore for conversion to LNG.
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From the Bush White House, they're talking about large-scale technology: oil and gas, nuclear power plants and clean coal research, which will cost billions of dollars and will take years.
Siemens and Shell, for example, have just announced a new fuel-cell technology for oil rigs that will capture emissions of carbon dioxide and methane, generate power from them cleanly, and sequester the exhaust.
Is it really any different to take taxes received from oil and gas companies and use that money to invest in technology that competes directly with oil and gas?
Exxon has long led the oil majors in investment in research and technology, keeping up such work even when the oil price collapse of the late 1990s led rivals to slash funding.
The technology challenge with oil is finding more of it, not so much in transporting it.
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In a moment, we'll hear about a new technology that the oil industry hopes will cut the cost.
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Banks will be perceived as more defensive while tech benefits from rising information technology spending but oil looks toppy.
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There's a solution to Iran's looming energy crisis: Bring in foreign capital and technology to boost oil and gas production.
There is a solution to Iran's looming energy crisis: Bring in foreign capital and technology to boost oil and gas production.
The reactor, according to Petrobras, was built with technology to produce oil with low sulfur content, respecting the new environmental standards on fuel quality.
In the oil and gas industry, technology advances every day, so such projections tend to become understated almost as soon as they are released.
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They include oil executives, attorneys, technology consultants, midstream-company managers and accountants.
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