Technology

Technology

Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030, Rystad says

Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines. In a report that looked into the adoption of robotics across the petroleum industry, Rystad Energy found that existing solutions could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition.

Opinion

What is the point of technology if no one uses it?

A sustainable future is closely linked to creating and adopting innovative technologies. These new products, services and ways of working may solve many of the challenges we face as individuals and as a society. However, to unlock the power of innovation, these technologies must be adopted and deployed. How we produce and consume energy is a critical element of a sustainable future.

Promoted

The case for data decarbonisation

This is the first in a series, by Snowflake, examining the concept of net zero data and how advances in technology can help the world’s largest organisations—especially those which are particularly emissions-intensive like oil and gas—reduce the carbon emissions footprint of their data.