State of the Energy Industry
World oil markets are rebalancing after the pandemic and an unprecedented collapse in demand in 2020, they may never return to "normal." Raw materials and energy are becoming scarcer, driving prices up, and the call for greater sustainability has never been louder. This, combined with supply chain challenges and other economic restrictions, require a more agile approach for logistics and operations. An approach where technology will play a key part to help enable this ability and provide the right quality of information and support.
Market pressure, volatility, increasing legislative and environmental pressure requires that the Energy Industry needs to operate in a more stable, efficient and effective way. Maximizing the performance of the supporting assets is a crucial element of this. Enabling assets themselves are sustainable or operate using the least amount of energy, operate to their maximum potential are key factors in this drive for efficiency, safety and compliance.