ESG is an uber hot topic across industry and especially so in the energy world. Fortunately, digital innovations can help oil and gas companies meet their ESG commitments.
How might the world of oil and gas gas unfold in a post pandemic world, given rising nationalism challenging globalism, and fast growing renewables challenging fossil fuels?
In a startling announcement last week, BP called peak oil demand here (well, either here now or perhaps last year, or in just a few months). Brace yourselves for the fall out.
There is a difference between buying digital (the default position in oil and gas) and being digital (the default position of young people). Oil and gas must be digital to have any hope of attracting top talent in the future.
The oil and gas industry spends hundreds of billions each year on new capital projects. An effort by a group of international producers should eventually improve the efficiency of that spend.
Successful industries have successful ecosystems. Now is the time for the digital ecosystem to help reshape and reform oil and gas, and capitalize on the opportunity.
It is the Board’s responsibility to hold management’s feet to the fire in addressing digital impacts on the industry, but how exactly is that to be done? What should the board be monitoring?