Many in the oil and gas industry are wrestling with how their sector will shape up over the long term. How can scenario planning provide some insight for Boards and management?
Much thanks to my friend and colleague, Randy Wilson, who has been orchestrating the field work.
The last several meetings that I’ve had with oil and gas industry executives have ended with a variation of the same question: now that we have reduced our costs to match commodity prices, how do we keep them from rising again?
Digital technology is advancing at a great pace, but which technologies could have an outsized impact on the oil and gas sector, particularly the high cost oil sands projects? Canada is a technologically advanced nation, and we’re facing some pretty tough challenges at the moment – all the right conditions for technology adoption.
Here’s my thoughts on five clever technologies with a place in the future of the industry.