Blog

Russia-Ukraine Crisis: How to Mitigate Supply Chain Risks in 2022

The Russian invasion of Ukraine has shaken the entire world. The Russia-Ukraine crisis has a negative impact and dangerous supply chain risks locally and globally alike. It is already clear that the energy industry will experience the hardest turbulence since the pandemic outbreak. Consequently, oil and gas companies that aren’t equipped with robust data analytics tools and aren’t prepared for the 2022 disruption will suffer the most.

April 29, 2022

Six Digital Trends Driving the Oil and Gas Industry in 2022

Recently, we all celebrated Earth Day, but are we anywhere near net-zero goals? We wish. The Russia-Ukraine war, COVID-19 pandemic, global inflation, supply chain disruptions, increased greenhouse gas emissions—these are just a few challenges that we have witnessed. So, how can you as a leader outrun these crises? You will need experienced consultants, aligned strategy, and highly motivated staff. But the first step is digitalizing your business as much as possible. Therefore, we have made a list of the most efficient digital trends in the oil and gas industry you should adopt—the sooner, the better.

July 8, 2022

Achieving Net-Zero Goals: Enhance Your Business Sustainability with Green IT

Sustainability remains a top concern for customers and business owners alike. The oil and gas industry is on the verge of urgent transformations aiming to comply with emissions reduction and remain resilient. The 2050 net-zero goals and current crises have increased the demand not only for low- and zero-carbon materials but also for green IT. But what is it, and what is the greatest benefit of green information technology? Today we answer these questions for you. Discover how to make green information technology effectiveness your competitive edge and guarantee business sustainability.

September 27, 2022

Carbon Capture and Storage (CCS): 5 Key Tips to Maximize Your Benefits

The carbon capture and storage trend in oil and gas is on the rise—and we think it’s great news. The market for carbon capture stocks is booming, as governments require the industry to decarbonize and become more eco-conscious. Moreover, global investors expect it to hit a record $7 billion by 2028. But which benefits of carbon capture and storage technologies are worth your attention and funding? Let’s explore how you can capitalize on this trend.

October 28, 2022

How to Cut Operating Costs and Position Your Business for Strong Growth

When disturbances, such as a global pandemic, change the market conditions, enterprises face the challenge to realign their cost structures. While adjustments are essential, companies must also minimize any potential losses or negative impacts on other aspects of their operations. Currently, organizations in the oil and gas industry need to constantly and actively develop practices to cut operational costs in order to set their businesses for unstoppable growth. By doing so, businesses will stay competitive while maintaining high levels of performance.

June 4, 2021

The Remote Survey as a Key Finding of the Lockdown: Turning Restrictions into Benefits for Oil & Gas

The oil and gas industry was turned upside down by the COVID-19 outbreak. Companies were forced to re-think their carefully designed plans and business strategies amid the global economic crisis, oil price collapse, travel restrictions, and social distancing. However, this situation has proved that companies could make fuel production more efficient for less money while operating remotely. Finally, they have not only navigated through significant turbulence but also turned restrictions into opportunities by embracing the remote survey.

April 6, 2022

Improving Oil and Gas Enterprise Efficiency with Data

You might have heard the buzzing phrase “data is the new oil,” originally suggested by Clive Humby in 2006. Not surprisingly, it’s still relevant today, as COVID-19 has revealed the importance of data platforms for energy and utility enterprises. Though the crisis hit us all hard, we have noticed a tendency that now defines true business resilience based on our customers’ experience. Choosing a data analysis approach is just the first step. What truly sets industry leaders apart is their ability to translate oil and gas data analytics into actionable insights and data-driven decisions. So, how can the upstream, midstream, and downstream sectors leverage digitalized information management to gain a competitive edge?

July 16, 2021

Achieving Net-Zero by 2050: Key Technologies Oil and Gas Leaders Must Embrace

It felt like a distant future in 2015 when representatives of 196 countries agreed to reduce greenhouse gas (GHG) emissions and reach net zero by 2050. The global expectation was that, by this time, groundbreaking technologies would emerge to address the climate crisis almost magically. However, six years later, Fatih Birol Executive Director of the International Energy Agency (IEA), said that if governments were committed to tackling the climate crisis, there should be no new investments in oil, gas, or coal starting from 2021. Moreover, according to IEA, all technologies necessary to achieve a low-carbon future are already available.

August 16, 2021

How Oil and Gas Companies Can Compete in the Low-Carbon Future

The COVID-19 crisis has caused a significant decline in the global energy market, leading most companies in the oil and gas industry to feel the pressure to swiftly address the issue. However, society continues to expect and advocate for a low carbon energy future and a net zero emissions world. Moreover, even after facing a 30% decrease in demand, industry leaders are required to respond to the declared energy transition efficiently. To defy the odds in each transformational area, they need organizational mobility, adaptability, and a structured approach to achieve the low carbon future objectives.

January 12, 2022