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3 Breakthrough Technologies Changing The Energy Sector
Posted by BFP Staff on Jul 1, 2018 at 01:05 PM
The future of energy belongs to new tech.
By Gregory Brew for Oilprice.com
Energy has seen some big changes in the last few years.
Coal has stumbled. Renewables have surged. Oil fell hard, then spent years clawing its way back up.
But the biggest change in energy has been in tech.
The shale revolution unlocked millions of barrels that had been trapped away in shale deposits for decades. Today, increased automation at drill sites has allowed frackers and shale drillers to drastically cut costs.
Newer, more sophisticated computer systems have allowed exploration/production companies to earn more from less. Blockchain platforms are streamlining supply chains and cutting out middlemen.
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