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
15 January 2025
The oil and gas industry will replace its capital discipline with Trump compliance and consumers will benefit from lower gasoline prices
15 January 2025
How legislative reforms and ambitious exploration plans are transforming India into a global energy investment hotspot—and why international investors are taking notice
13 January 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
13 January 2025
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
