New technology holds upstream key
Digitalisation is more than a buzzword in the efforts to get costs down and projects started
It is difficult to have a conversation about the upstream oil and gas sector in general without the impact of new technologies, big data and digitalisation looming large. April's MCE deepwater development (MCEDD) event was no different. But David Phillips, head of equity research, developed Europe at bank HSBC, makes a valid point that, while new technologies are gradually gaining acceptance and implementation in the field, "there is increasingly more discussion around activity growth than around new technology such as digitalisation". "If you go back to some of the discussions and the corporate PR back in 2017, you could not hide. But some investors feel like they are in the middle of digit
Also in this section
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
27 June 2025
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
