Fueling the future in Oil and Gas: Improving profitability and efficiency through digital transformation
Despite increased adoption of renewable energy sources, market analysis clearly shows oil, gas and petrochemicals will dominate the energy landscape for years to come. Even as we work to decrease carbon emissions and create a green energy future through electric vehicles (EVs) and renewables, worldwide dependence on Oil & Gas (O&G) is expected to remain high for the foreseeable future. Research indicates increasing investments in renewables and electric vehicles will yield measurable change to the energy distribution landscape, but not for another 20+ years. Meanwhile, O&G companies are faced with producing energy for today’s demand while creating cleaner energy products for the future. Added to that, O&G companies are challenged to adopt more sustainable operations to improve efficiency and profitability. Digital adoption drives new operating paradigm In response to the evolving energy market, O&G companies have embraced innovation through digitalization. Advan...