Energy efficiency lies at the intersection of growing industry cost pressures and a focus on reducing the carbon-intensity of oil and gas operations. As a major cost component, even small improvements can have big impacts on project economics. In most assets, fuel consumption is the largest single contributor to greenhouse gas emissions. Yet, with energy efficiency only recently gaining attention as a major operational objective, oil and gas companies are still grappling with how best to achieve targeted improvements. In what areas are companies realizing the most significant early gains? Where does the next wave of opportunities lie? To what extent should companies look toward collaborative technology development partnerships and investments in start-up energy technology companies to deliver innovative solutions?
Companies across the energy sector segments have embraced digitalization over the past few years as an effective means for managing costs and raising efficiencies under increasingly challenging business conditions. Despite impressive one-off results, the industry still grapples with achieving rapid deployment at scale that can move the needle on overall corporate performance. In what areas are companies realizing the most significant early gains? Where does the next wave of opportunities lie? What technical and organizational factors are slowing progress and what can be done to overcome them? What deployment models are proving most effective at driving rapid adoption and sustaining that value over time?