Latin America pivots to digital
The pandemic has showcased the importance of reaching digital maturity, and state oil companies are taking notice
NOCs have some clear advantages when introducing sweeping change, particularly when it comes to digitalisation. Their sheer size and regional significance—not to mention heftier budgets—mean innovative new ideas and technologies can be tested and, if unsuccessful, fail fast. Over the past year, reliance on digital technologies has never been higher. Virtual working has fast-tracked some of these processes and resulted in many operators increasing digitalisation budgets. In Latin America, NOCs were eyeing technology change even before the pandemic emerged, but several have accelerated their commitments. Brazilian state oil company Petrobras quickly recognised the shifting sands, budgeting $1.
Also in this section
10 May 2024
The US’ contentious LNG permitting pause has prompted criticism from CEOs and wildly differing interpretations from politicians
9 May 2024
Pipeline boosts Canada’s oil industry by widening its export options, making it less reliant on US market and bringing Asia into the mix
8 May 2024
Despite Australia’s first import terminal nearing completion, the prospect of additional regasification projects is far from certain