Research and development thrive within the oil and gas industry

A recent in-depth article featured on E & P magazine’s website explores the myriad issues and challenges that the oil and gas industry faces, as well as the subsequent research and development projects on which these companies are spending significant amounts of money. Although many oil and gas companies scaled back their research efforts toward the end of the last century, R&D is experiencing a revival as these companies work to develop technology to be used in unconventional resource plays, such as in deep water and Arctic regions, as well as in addressing environmental and human safety concerns, such as in effectively treating, recycling and reusing water used in the water-heavy process of hydraulic fracturing, the article said.