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
21 May 2024
With just a small presence from the oil and gas industry, the World Energy Council’s biennial congress gave a stark reminder of Europe’s energy priorities
20 May 2024
Not for the first time, a foreign oil company-led project in Iraq’s Kurdistan region is dealing with the aftermath of a deadly drone attack
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems