Top
image credit: Freepik

Oil and gas sector to mitigate threats with $15.6bn digital transformation

The report, Digital Transformation in the Oil and Gas Markets, states that companies will through 2030 increase investments in digital transformation to address commercial, operational, and existential threats, as well as align business models with changing climate action regulation.

With digital tools, oil and gas companies can analyse the condition of transmission and distribution pipes, prepare for changes in oil and gas prices, plan sustainability strategies and ensure an increasing amount of renewables capacity is integrated into grids and provided to consumers.

Read More on Power Engineering International