Digitalisation powers value creation
Upstream producers are lagging behind other sectors in leveraging the technological revolution
The oil and gas (O&G) industry is in the middle of a value-creation crisis and has delivered subpar shareholder returns for the past decade. The energy demand collapse following the Covid-19 pandemic has both enhanced the urgency of change and acted as a catalyst for it. To survive, O&G companies need to transform their legacy businesses to achieve a step change in performance and, at the same time, innovate their business models to tap into new value pools. Success in leveraging digital technologies is critical on both of these fronts. To evaluate the industry’s digital maturity, management consultants Boston Consulting Group (BCG) recently conducted a Digital Acceleration Index (DA
Also in this section
10 May 2024
The US’ contentious LNG permitting pause has prompted criticism from CEOs and wildly differing interpretations from politicians
9 May 2024
Pipeline boosts Canada’s oil industry by widening its export options, making it less reliant on US market and bringing Asia into the mix
8 May 2024
Despite Australia’s first import terminal nearing completion, the prospect of additional regasification projects is far from certain