Opportunities for the Oil and Gas Industry in the Energy Transition
Oil and gas companies are faced with the ongoing challenge to become more efficient and reduce costs amid volatile global prices. Energy Transition and the call for more renewable energy sources are also affecting the industry’s medium- to long-term prospects.
To discuss how the oil and gas industry can manoeuvre through these challenges, we invited NOV Chief Technology Officer and Chief Marketing Officer David Reid. Here, he answered questions on how oil and gas companies can adjust their core business strategy to make themselves more resilient. He also discussed some key technological opportunities for the oil and gas industry in light of the global Energy Transition journey.