Oil and gas remain a major part of the global energy mix, providing a significant majority of the world’s energy. Even with the ongoing transition towards green technologies, it appears unlikely that demand for oil and gas will drop significantly in the foreseeable future.
New technologies are aimed at improving the efficiency, safety, and environmental performance across various stages of the energy production process, and there is room for innovation in exploration, extraction, processing, and distribution of these major resources. Developments in this sector include advanced drilling techniques and equipment, enhanced oil recovery methods, pipeline monitoring, and emissions reduction technologies.
