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Digitalisation in the oil and gas industry could unlock between $1.6 trillion and $2.6 trillion in new value by 2025, DHL predicts in a new whitepaper. This assessment is based on industry players leveraging technology to improve margins, safety standards, as well as reduce emissions and water consumption. The report gives the example of drones .
Accelerated digitalisation among key trends to unlock up to $2.6 trillion in oil and gas sector
By: Times News Service
Muscat: DHL Global Forwarding has released a whitepaper examining the key trends impacting the oil and gas (O&G) industry in the Middle East and Africa. According to the leading air, ocean and road freight specialist, digitalisation will continue to play a significant role in transforming the industry, potentially unlocking $1.6 trillion to $2.6 trillion by 2025. This is achieved as companies leverage digitalisation to improve margins, safety standards, as well as reduce emissions and water consumption.
The whitepaper predicts that owing to pandemic-induced slowdowns in travel, global oil demand will not reach pre-COVID-19 levels before the end of 2021. O&G companies in the Middle East and Africa region (MEA) need to take bold decisions to quickly reposition themselves, including redefining partnerships across the supply value chain, building resilience and going