By Parimit Lohani, Business Consultant, YASH Technologies The oil and gas industry is undergoing a series of changes and disruptions. Business leaders must be able to ask themselves: What does the future look like for my Industry? How can I remain relevant? What technological components does my company need to invest in to stay competitive in the future? These questions will require leaders to assess their strengths, weaknesses, and opportunities within the business context of their sector and internally. The impact of the pandemic on the oil and gas industry has been profound. During its most acute phases, this global health crisis drove down demand in the Industry. The potential economic slowdown has created additional headwinds against which companies must be resilient. This is getting exacerbated by the Russia-Ukraine crisis. Resurgent demand for cleaner fuels like gas and crude oil and increased penetration of alternative sources, like solar and wind, have been transforming the internal dynamics of the sector. This shift to a greener economy has led governments worldwide to develop policies supporting the adoption of renewable energy. Anticipating uncertain times, the Industry strives to improve reliability and reduce costs and carbon emissions through more significant innovation in all […]
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