Adaptability is becoming a prerequisite for the oil and gas industry in these rapidly changing times. Companies need to be able to pivot at ease to new ways of working, and greater adoption of digital technologies can play an invaluable role in this emerging transition.
In 2020, the Covid-19 pandemic has showcased the importance of both adaptability and agility. Operators at a higher stage of digital maturity have been better able to endure the economic crisis. Businesses at a lower level of digitalisation have been made aware of the importance of overhauling legacy working practices.
Ambitious decarbonisation pledges have also highlighted the industry shift towards green energy. Digital technologies can help play a crucial bridging role towards this net-zero future, driving operational efficiencies and lowering operational emissions. New technologies will only increase in importance to support this drive towards cleaner energy.
In this report, industry experts examine some of the key themes influencing this adoption of digital technologies. Contributors discussed the changing cyber security landscape, automating refineries, the power of the digital twin, extending offshore asset life, among many other topics.