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Insights into the Oil & Gas Market
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Insights into the Oil & Gas Market

by Admin
September 23, 2020

The attached article about Royal Dutch Shell from Firstpost is a glimpse into the near future.  

Image by <a href="https://pixabay.com/users/jpenrose-33681/?utm_source=link-attribution&utm_medium=referral&utm_campaign=image&utm_content=109025">jpenrose</a> from <a href="https://pixabay.com/?utm_source=link-attribution&utm_medium=referral&utm_campaign=image&utm_content=109025">Pixabay</a>
oil and gas refinery (Image by jpenrose from Pixabay)

One of the largest supermajors is working through multiple seachange decisions. To name a few – slashing costs in traditional business areas, shifting focus to renewables; reducing capital expenditures and focusing on predictive maintenance to extend the useful life of existing assets.  These are all signs that the near-future is not going to look anything like the recent past.  

One thing is for certain, new and emerging technologies will play an increasing role in facilitating the post-COVID operating environment, and the companies that can best leverage these technologies will be the ones that will be positioned for the future.


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