Oils fields' gush for computers: High-tech advances have helped the industry improve efficiency and precision

Article Abstract:

Oil companies hope to improve the efficiency and precision of operations by enabling oil rigs crews and petroleum engineers to share real-time drilling and production data and also by the introduction of drill bits with mini computers that can instantaneously relay information from deep under the ground areas to the scientists around the globe. Some of the oil companies benefited by this plan include ChevronTexaco and Royal/Dutch Shell, Occidental Petroleum and Devon Energy and others.

Services information, Crude Petroleum & Natural Gas, Petroleum refining, Services, Petroleum industry, Technology application

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Oil producers opt for caution despite high energy demand

Article Abstract:

Oil producers are not rushing to boost their output of oil and natural gas although energy industry profits are booming, as supplies remained tight. Analysts cite a number of reasons for the industry's cautious approach, including the possibility of a price collapse and the fact that oil executives have concluded that it is more profitable to err on the side of underproducing.

Market information - general, Sales & consumption, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Pennsylvania, Petroleum & Energy Products, Supply and demand, Energy industries, Energy industry, Industry sales and revenue

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Soaring energy costs create bleak choices: More struggle as heating bills devour income

Article Abstract:

The consequences faced by the majority of Americans due to the rising energy costs are described. In America there are millions of low-income households that are living without healthcare, food and other necessities in order to meet the high oil and natural gas prices.

Natural Gas, Economic aspects, Personalities, Cost of living adjustment

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