Where business meets innovation
Senior executives from oil and gas majors, service companies, technology suppliers and industry experts met at the inaugural Future Oil & Gas conference to examine the disruptive innovation and emerging processes that will shape the future of the oil and gas industry.
Thanks to the latest technological advancements, we are now poised for a second digital age that could further reduce costs, unleash unparalleled productivity, and boost performance significantly—if executives can harness the right technologies to support their business strategy. Making better use of existing technology can deliver serious returns: according to McKinsey up to $1 billion in cost savings or production increases. Executives that make their organisations more digital will be well positioned to pursue new growth opportunities.
Who attends Future Oil & Gas
What are experts saying about disruptive technology in oil and gas?
“We know we cannot build tomorrow’s industry with yesterday’s tools. But the good news is that we have a new toolbox. And it contains the tools of digitisation, simplification and standardisation. Digitisation is a real game-changer.”
Bernard Looney, BP chief executive, upstream
“Rapid advances in automation technologies such as artificial intelligence, robotics, analytics, and the Internet of Things are beginning to transform the way oil and gas are produced and consumed.”
Jacques Bughin, director, McKinsey Global Institute
“The oil and gas industry is incredibly resilient and has some of the brightest, most innovative people I have ever met. This is clearly what leads to my overall optimism about the industry for 2017 and beyond.”
John England, US oil and gas leader, Deloitte LLP
“Although most oil and gas companies are closely focused on preserving margins to weather the low-price storm, many are also looking ahead and thinking about how digital technologies and data analytics will transform their industry.”
Riccardo Bertocco, partner with Bain & Company in Dallas