Oil & Gas
operationally. As the industry navigates the global energy transformation, companies face the challenge of adapting to declining demand for fossil fuels while investing in and transitioning to renewable energy sources. The industry’ s future depends on balancing current profitability with sustainable long-term strategies. industry has experienced two price crashes in the last decade, leading to asset sales, layoffs and operational efficiencies. US shale drilling, for example, saw a 20 % reduction in average breakeven costs. Electrification and operational optimisations are among the strategies employed to lower costs.
Technology trends
Digitalisation is transforming the industry, with a focus on analytics, AI, automation, IoT and cloud computing. Cybersecurity is critical to protect the increasingly digitised infrastructure. Big data and analytics are leveraged to improve decision-making and efficiency. Remote operations, accelerated by the pandemic, are becoming more common, with companies like Baker Hughes reporting a significant portion of their drilling services being executed remotely.
Conclusion
Between 2015 and 2021, the oil and gas industry faced significant disruptions but emerged stronger financially and
Valves in renewable energy Industrial valves are critical components in advancing cleaner energy practices within oil and gas operations. Engineered for high integrity and low fugitive emissions, modern valve technologies, such as API 624-compliant, significantly reduce methane leakage in upstream and midstream systems. In downstream applications, precision flow control improves process efficiency and heat integration, directly contributing to lower energy intensity and reduced CO 2 output. Valves also play a pivotal role in carbon capture and storage( CCS) infrastructure, managing high-pressure CO 2 flow with materials and designs optimised for corrosive and critical conditions. They support the integration of low-carbon fuels, including LNG, by ensuring safety, reliability and compliance under variable flow and temperature regimes.