Over the last several years, oil & gas companies have faced almost unprecedented price volatility in oil & gas and are struggling to find any way or means to drive the cost per barrel of oil lower, to increase production and EUR, improve employee productivity in the “Great Crew Change” era, and improve collaboration within both the internal and external ecosystems that comprise the upstream and midstream oil & gas value chains. Increasingly, the focus in the industry has been on companies managing the "energy transition" in moving from oil & gas companies towards becoming energy companies that are offering a broader portfolio of energy sources including alternative energy sources such as solar, wind, and hydrogen, among others. Companies such as Equinor (formerly Statoil), Total Energies, BP and Shell, among others are leading the move towards energy transitions in their own operations.
This session is designed to enable users and operators share their trials, tribulations, and success stories on how they have started their journey towards energy transition and business transformations by deploying digital technologies such as advanced analytics, AI, and machine learning and other innovative solutions designed to address how to better monitor and manage methane emissions, reduce their overall carbon footprint and focus on their improving ESG and sustainability positions.
Users will share the challenges and benefits that they realized during their journey on the path towards transitioning from oil & gas companies towards becoming comprehensive energy providers. The focus will be on how companies are employing "digital technologies" to help them manage their traditional oil & gas operations while simultaneously moving to expanding into alternative energy sources such as solar, wind, hydrogen, biofuels, and others.