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
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
