From Yahoo Finance: 2025-04-15 05:43:00

The global oil and gas industry is focused on increasing efficiency, adopting new technology, and enhancing exploration and refining capabilities to meet the growing global demand for hydrocarbons.

Despite the rise of green energy, the demand for oil is expected to continue into 2030, with challenges in sustainability and operational efficiency prompting the need for technological advancements.

Digitalization, AI, robotics, and IoT are set to play key roles in transforming oil and gas operations, with AI leading as the top technology investment priority for companies in the next two years.

Gas flaring is decreasing as oil producers commit to reducing emissions, while the industry is shifting towards sustainable technologies like electrification and carbon capture to align with environmental goals.

Technological advancements like low code/no code platforms, increased use of Big Data, and blockchain technology are expected to further revolutionize the oil and gas industry, offering solutions for operational efficiency and transparency.



Read more at Yahoo Finance: what’s coming for the oil and gas industry