The oil and gas industry is no stranger to world economic turmoil; and recently it has brought the industry to a whole new low. Global oil prices crashed down with Brent crude recording $20.39 on April 21 as a res ...
The new coronavirus pandemic has spawned a serious public health crisis, devastated economies and changed social norms around the world. However, the danger of evolving it into a weapon that can be wielded in poli ...
Cost efficiency has been at the forefront of the agenda of oil and gas companies since the 2008 oil crash and the subsequent reduction in profit margins. Since then, many firms have opted to cut their manpower to ...
Crisis and opportunity are two sides of the same coin. As digital transformation in the oil and gas sector takes center stage amid the coronavirus (COVID-19) outbreak, everyone must rethink their business models. ...
Non-linear and unpredictable; the novel coronavirus (COVID-19) has ferociously hit the oil and gas markets leaving a rippling effect across the industry, leading to a possible global economic crisis and a grave de ...
While the concept of digitalization is not new, the recent emergence of the coronavirus (COVID-19) pandemic has brought it into the spotlight more than ever. Digitalization in the oil and gas sector has become a n ...
The global community is now facing a revolution of information technologies. Computers, telecommunication networks and other digital systems allow us to transmit information quickly and connect with distant place ...
With the emergence of the coronavirus pandemic and an unprecedented price war, 2020 should go down in history as a defining moment for the oil and gas industry.
In an industry where profit margins are becoming ever slimmer, innovation and technology is becoming in the heart of the oil and gas industry’s attempt to boost efficiency and buoy profits. Artificial intelligence ...
Establishing trust will be key to the adoption of digital twins. Companies will only be able to extract maximum value from a digital twin if they are assured that it will function as specified. It is vital that co ...
