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EY (1)
1 February 2015
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Innovation to transform the energy future

Digitalization enables oil and gas operators to transition to a new energy ecosystem

The realization that fossil fuels are a limited resource, however long supplies might last, and the growing awareness of the negative impact that their emissions have on the planet, has impacted every oil and gas major. Extreme weather conditions, such as those experienced during the summer of 2018, leading to heat waves, forest fires and torrential rainfall, all contribute to the urgency to improve the energy ecosystem. These companies have now issued their own “energy transition” strategies that outline plans to migrate their core business to new energy sources between now and 2040. “It is important to stress that it’s the carbon dioxide and methane emissions that have a negative impact on

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