Challenges And Trends For The Oil And Gas Industry

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There are three primary challenges facing the oil and gas industry today. The first is to produce even more energy at lower cost with less emissions. The global population is increasing and energy demand post covid-19 will not only recover but increase.

So what trends we will see for the next 12 to 24 months? These are very clear. Oil and gas companies will continue to lower costs, lower carbon emissions and lower risk. Lowering cost requires the relentless pursuit of improving efficiencies in every aspect of the value chain. Lowering carbon emissions mandates best in class operational practices as well as continued technology development and deployment.

Bill retired from Equinor in 2015 where he was Executive Vice President, leading the business area Development and Production North America. In this capacity he played a key role on Equinor’s Corporate Executive Committee and was Statoil’s senior executive in North America.

 

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