nice link. Thanks. Apt description of one of DDI's roles:
But this does not mean R&D is dead. The truth of the matter is, the current high cost of oil production, along with the shortage of skilled workers and the increase in demand is opening the door for a new market filled with smaller players, eager to take on speciality roles and undertake research for the greater good of the majors as they carve a new niche in the market that is evolving as we hit a new era of resource production.
Oil and gas analyst for Brewin Dolphin Investment Banking Iain Armstrong says companies can now embark on a new phase of R&D precisely because the price of oil is so high. "The [large] oil companies were already doing pretty much what they could in terms of R&D," he says.
"But now, thanks to the high oil price, a lot of projects on operators' desks have moved, so to speak, from the 'pending' to the 'action' tray."
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