Digital Transformation in Oil and Gas: Have We Reached a Tipping Point?

Daniel Talbot, Industry Marketing & ABM Director at IFS, highlights the oil and gas sector's tumultuous recent years. Just over three years ago, the price of crude oil plummeted below zero, prompting OPEC+ nations to agree on production cuts to balance supply and boost prices. Additionally, the industry faced the significant upheaval caused by the Russian-Ukraine conflict in the past year, impacting natural gas prices and overall supply.

Nevertheless, one must consider whether these challenges constitute the sector's most pressing issue. Environmental, social, and governance (ESG) objectives and targets remain paramount in the minds of investors who play a pivotal role in financing industry developments and providing crucial access to capital and investments.

Read the full article from IFS here.