Digitalisation can help decarbonise operations
Outlook 2022: Digitalisation holds the key
Decarbonising existing and future energy production can be achieved only through technological innovation
Demand for oil and gas has spiralled as the world’s economies recover from their pandemic-induced slumber, with many countries increasing their output to support the recovery. While debates continue about future demand levels, there is consensus that traditional hydrocarbons will continue to be required for decades to come. The IEA highlights that, even under the most ambitious energy transition scenarios, oil and gas will be needed up to and beyond 2050. Against that backdrop, the spotlight shines ever brighter on the efforts of governments and operators to deliver on their net-zero ambitions. And companies are increasingly turning to digital technologies to decarbonise operations and help
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The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
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Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
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Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
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Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
