The Oil and Gas (O&G) game has forever changed, ushering in an era of total reinvention in an industry fraught with challenges. Environmental “wokeness,” as the term goes, cost concerns, operational inefficiencies, workforce hazards, asset maintenance and security, profitability, and sustainability — the list can go on forever.
While challenges are plenty, the demand for energy, particularly oil and gas, is nowhere slowing down, projected to increase by ~ 50 percent over the next three decades. To achieve adequate returns from investments in oil and gas, reach net-zero sustainability goals, and bring innovation to the industry, oil and gas CIOs must call for advancing digital maturity through AI, IoT, Big Data Analytics, and other advanced technologies.
Digital disruption across the entire oil and gas value chain is no longer “good to have.” Instead, it has become a “must-have,” a need of the hour that leaders in the industry can no longer afford to ignore. And it’s no longer about the mere implementation of the technologies, but a total rehaul of how things function that will help the industry maintain relevance and achieve excellence in three fundamental areas — competitiveness, carbon, and connectivity.
We present to you our “Ultimate Guide for Oil and Gas CIOs,” your one-stop 101 on everything oil and gas, including the following: