How Oil & Gas Operators Are Investing for Innovation

The oil & gas (O&G) industry is under constant pressure due to fluctuating commodity prices, shifting regulatory policies, antagonistic political pressure and other factors. In recent years, O&G companies have also had to contend with volatile commodity prices, a shrinking pool of experienced workers, and shareholder demands for increased profitability. To navigate and prosper under these conditions, leading O&G operators are focusing on technological advancements and modernizations to solve operational issues and sustain profits.

Because of the ever-changing business environment, O&G operators can no longer thrive, or even survive, by relying solely on yesterday’s technologies. They must reinvent themselves to be competitive within the marketplace and remain attractive to investors.

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Source: automation.com