A technical facility built in London for supplying energy to fuel cell vehicles

Oil and gas pins its hopes on new technologies

  • Oil and gas enter almost every aspect of modern societies and still meet some 60 percent of the world’s energy needs
  • As environmental issues challenge their business model, big energy companies are reaching for cutting-edge technologies like Big Data
  • Investments in cleaner energy and IT can help the energy sector survive through higher productivity and a better image

The renowned Scottish scientist and inventor Alexander Graham Bell once noted: “When one dor closes, another opens.” This axiom well describes the evolution of the oil and gas industry. Over the decades, it faced numerous threats such as nationalization of their assets and restrictive regulations and policies; now the challenge is alternative energy. And yet, the industry has continually managed to reinvent itself and adapt to new conditions by exploiting technological innovations, including those borrowed from other sectors.

Today, the oil and gas industry is facing growing disruptive pressures and severe external threats. Governments around the globe are trying hard to regulate the transition to the post-fossil fuel era. Policymakers are looking beyond the use of oil, gas and coal in their quest to limit carbon emissions and their harmful impact on the climate. While the deployment of renewable energy is increasing at a rapid pace, however, its contribution to the global primary energy mix remains small. According to the International Energy Agency (IEA), oil and gas still meet 60 percent of the world’s energy needs, touching almost every aspect of modern societies.

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Dr. Carole Nakhle
Concerns about peak oil supply have been replaced by talk about peak oil demand
read more about it in the report
What's inside
  • Oil and gas enter almost every aspect of modern societies and still meet some 60 percent of the world’s energy needs
  • As environmental issues challenge their business model, big energy companies are reaching for cutting-edge technologies like Big Data
  • Investments in cleaner energy and IT can help the energy sector survive through higher productivity and a better image
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
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