Tag Archives: business

OPEC’s production cuts and climbing oil prices

By: IBISWorld Procurement Research Analyst, Ashley Cruz With oil prices finally on the rise, businesses that rely on petroleum products should be looking ahead to hedge against price growth and volatility Although much of 2016 has been a year of suspense and surprises, there were several late-in-the-game decisions that have…

Halliburton turns to IBM Cloud to help evaluate development decisions for oil and gas fields

Migrating reservoir simulation to the IBM Cloud allows Halliburton to substantially reduce time to simulate the effects of development decisions in oil and gas fields On 20 April 2016, IBM announced that Halliburton has adopted IBM Cloud to run its sophisticated reservoir simulation software to help it better understand how complex…