The oil and gas industry has been on a roller coaster for more than ten years with oil prices crashing during the GFC, then in 2015-2016, while experiencing an unparalleled low CAPEX deployment during 2019 and 2020.
While OPEC+ meetings are now conspicuously routine, governments and companies are putting forward their net-zero pledges to 2030, 2040 and 2050 in an effort to show goodwill and to appeal to their citizens and consumers.
In the meantime, the world still needs a cumulative investment of $600bn oil and gas CAPEX to stay afloat energy-wise, a figure that is well above the recent global level of investments. Oil and LNG, will still dominate the path toward energy transitions for many years to come. Challenges such as carbon capture, streamlining and optimising resource portfolios and adhering to additional ESG requirements, places this industry on an unprecedented evolutionary adaptive transformation path.
While two of Cognisium’s two Board Directors come from this industry, many hundreds more are registered as Cognisium experts on our platform and ready to assist you.