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.
Our Top Level Oil and Gas experts
Over 200 top level Oil and Gas Experts such as Marcel and Antonio, are waiting for you inside
Strategic Advisor – Icon Asset Management AG
Senior Consultant – Telos Partners LLC
Global Marketing Director – BP plc
Chief Discipline Lead – Shell Malaysia
Field Development Leader – Sakhalin Energy
Geophysics Lead – ADCO
Seismic Consultant - Shell International The Hague
The oil and gas industry has always placed a large emphasis on utilising the latest technologies to improve the efficiency and effectiveness of their operations. Despite this, radical change is often avoided with advancements being carefully and slowly implemented over a longer period of time.
Technology can be adapted and applied in many ways to transform the oil and gas industry.
These technological advancements vary in application but can ultimately help operational efficiency throughout the sector. In addition to this, technological advancements allow for increased safety and a reduced environmental impact as well.
Within the sector itself, there have been quite a few major technological breakthroughs in the refining operational processes.