New Technological Frontiers in the Oil & Gas Industry

New Technological Frontiers in the Oil & Gas Industry
Newsweek Vantage - New Technological Frontiers in the Oil & Gas Industry Newsweek Vantage 2018

The oil and gas sector has embraced innovation since its beginnings in the 19th century, and its response to the digital revolution now unfolding continues this tradition. Powerful new technologies, such as artificial intelligence (AI) and cloud applications, have upgraded or overtaken old ones, opening fresh possibilities, efficiencies and opportunities barely imaginable a few decades ago.

While some voices call for an end to the era of fossil fuels, the reality is that the entire hydrocarbon industry, like many others, is adapting and innovating at a rapid rate. For the next 20 years, at least, oil and gas will remain key sources of energy, thanks in part to the sector's investments in technology.

In the face of lower prices, severe cost pressures and the need to adhere to the highest environmental standards, the oil and gas industry will continue to deploy new technologies that will ensure it has a strong future.

To find out more about the sector's current and future investments, Aspen Technology, Asset Performance Networks (AP-Networks), and Minsait, an Indra company, commissioned Newsweek Vantage to conduct a global survey of 263 energy professionals at senior executive and management level, who are working at enterprises that have strategic interests in the oil and gas industry.

While the oil and gas industry is making significant bets on a wide range of energy technologies, it is also focusing on digital technologies that promise to transform enterprises as fundamentally as in other sectors. Download the full report to learn more.