
Digital transformation plays an impactful role in shaping practices and processes in most industries, including oil and gas. From accurately forecasting the number of incidents to automating administrative tasks related to those incidents and process hazard analyses, the digitization of the oil and gas industry has contributed to worker safety, streamlined EHSQ and compliance processes and nurtured improved safety cultures.
While the oil and gas industry has not been at the forefront of innovation historically, it has, however, retained its position as a leading player in the economy as it continues to be the largest source of energy (in the U.S., it is the #1 source). As the source material for gasoline, diesel and jet fuel, it is also used to make products including propane, asphalt and petro-chemical feedstocks as well as heavy and light fuel oil. On top of that, it is also used in producing many consumer products … Read more...