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Investments in oil and gas (O&G) automation declined in 2020 and 2021 as demand dried up because of the COVID-19 pandemic. From 2021 onward, the market began gradually stabilizing and recovering, with high levels of growth starting in 2022. Industry 4.0 is driving the demand for new technology investments and has transformed the O&G value chain...

26 Aug 2024  |  Global  |  Market Research

Growth Opportunities for Sustainability and Circular Economy of Water in the Oil and Gas Industry, Global, 2024 2030

Sustainable Water Management is Driving Transformational Growth

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The global market for sustainable water management solutions in the oil and gas industry is experiencing robust growth due to several interrelated factors. Escalating water scarcity is pushing companies to seek alternative water sources and optimize their water usage. Concurrently, increasingly stringent environmental regulations on water discharge...

As decarbonization strategies gather pace across industries, emissions management is emerging as a key growth opportunity because companies like to minimize their emissions impact. Frost & Sullivan has identified a complex and dynamic value chain and a set of process steps where opportunities abound: planning and advisory, measuring and monitoring,...

This edition of the Oil and Gas (O&G) Technology Opportunity Engines features information on downhole compression technology, gas recovery, impact-based drilling, leak detection, graphene nanotech sensors, orphaned wells detection, among others.The Oil and Gas TOE provides intelligence on innovations pertaining to technologies, products, and proces...

25 Oct 2024  |  Global  |  Market Research

Digital Twins in the Oil and Gas Industry, Global, 2024 2030

Digital Twins are Driving Transformational Growth in the Global Oil and Gas Industry by Enabling Precise Operational Simulation

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Fueled by the rising adoption of autonomous technologies, digital twins are emerging as an attractive growth opportunity in the oil and gas (O&G) industry. Digital twin technology helps O&G firms utilize and analyze enormous amounts of production data, enabling them to visualize various hypothetical production scenarios in real time. Digital twi...

The global O&G sector is witnessing an unprecedented transformation, triggered by efforts to improve efficiency, reduce carbon emissions, and increase reliance on renewable and environmentally friendly energy sources. The digitalization and automation of processes accompanying this shift represent enormous opportunities, and the sector is poised to...

The unprecedented US tariff measures introduced in 2025 have triggered a global trade conflict, resulting in sharp contractions of trade volumes, extensive supply chain disruptions, and a profound reconfiguration of international business practices. With US average tariff rates surging to their highest levels in nearly a century, governments and bu...

As digitalization and decarbonization trends become more prominent, the oil and gas industry faces a dilemma: adapt or become obsolete. In the digital transformation era, producers must start exploring automation technologies if they want to remain competitive in the shifting industry. Automation applications that will have the biggest effects on i...

By leveraging quantum mechanics, quantum computers offer a computational system many orders of magnitude greater than classical computers. Instead of bits as in classical computers, the fundamental units in quantum computing are qubits, which can exist in a superposition of states between 0 and 1 simultaneously. While classical computer bits are st...