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Technology has rapidly shifted from being the legacy enabler to being a game changer. Oil and gas companies that respond to the ongoing industry volatility by investing in sustainable digital capabilities will be tomorrow’s winner.
This oil and gas report follows the analyses of the advance of digital operations in the power and utilities and the chemicals sectors, and concludes our surveys of the status of digital operations in the EU&R industry.
Oil and gas companies had faced formidable challenges to their efficiency, sustainability and profitability before COVID-19. As a result of the pandemic, prices have collapsed so severely that the urgency to tackle these issues has increased dramatically. One of the clearest and most viable responses to these systemic challenges is to accelerate digitization strategies to help improve resilience and remain attractive to investors.
Global Energy Advisory Leader, PwC US
Principal, PwC US