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Oil And Gas Industry Drives Profits Through Implementation Of Big Data Analytics And AI

Oil And Gas Industry Drives Profits Through Implementation Of Big Data Analytics And AI
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.

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Oil And Gas Industry Drives Profits Through Implementation Of Big Data Analytics And AI

Oil And Gas Industry Drives Profits Through Implementation Of Big Data Analytics And AI
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.

United States , United Kingdom , Saudi Arabia , Greater London , United Kingdom General , City Of , Asia Pacific , Bp Plc , Oil And Gas Global Market , Refined Petroleum Products Global Market , Saudi Aramco , Business Research Company , Oil Downstream Activities Global Market , Oil Gas Upstream Activities Global Market , Exxon Mobil Corporation , Oil And Gas Supporting Activities Global Market , Oil And Gas Market , Global Oil And Gas Market , Royal Dutch Shell , Oil And Gas Market Report , Gas Global Market Report , Oil And Gas Global Market Report , Gas Upstream Activities Global Market Report , Downstream Activities Global Market Report , Gas Supporting Activities Global Market Report , Petroleum Products Global Market Report ,

Global Oil and Gas Market 2021 by Type, Size, Key Players,


Others
The low interest rates on fuels and gases in developed regions are another major factor providing boost to the market growth. Over the years, global oil and gas market has observed some significant developments in terms of technology on global level. Many big companies in the oil and gas industry are looking up to adopting technologies like artificial intelligence (AI) and big data analytics in order to drive profits by improving decisions making abilities. The players in the market collect massive amounts of raw data functioning of pipelines, refineries, and other infrastructure with the help of wide numbers of sensors situated across the oil rig. By adoption of these technologies in companies they are able to detect patterns that act upon the potential defects or unwanted changes thus saving costs. Also the AI helps companies to take better operational and drilling decisions which in turn are boosting the growth of the oil and gas market across the globe. ....

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Global Oil and Gas Markets, 2021-2025 & 2030: Saudi Aramco, Exxon Mobil, Royal Dutch Shell, BP, Sinopec Dominate the Industry


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The global oil and gas market is expected to grow from $4677.45 billion in 2020 to $5870.13 billion in 2021 at a compound annual growth rate (CAGR) of 25.5%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $7425.02 billion in 2025 at a CAGR of 6%.
The oil and gas market consists of sales of oil and gas by entities (organizations, sole traders or partnerships) that undertake the exploration for, extraction, drilling, and refining, of oil and gas and some of its derivatives. This market does not include petrochemicals. The oil and gas market is segmented into oil & gas upstream activities and oil downstream product ....

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Global $7425.02 Billion Oil and Gas Markets, 2015-2020, 2020-2025F, 2030F

Dublin, March 04, 2021 (GLOBE NEWSWIRE) The "Oil and Gas Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. The global oil and gas market is expected to grow from $4677.45 billion in 2020 to $5870.13 billion in 2021 at a compound annual growth rate (CAGR) of 25.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $7425.02 billion in 2025 at a CAGR of 6%. The oil and gas market consists of sales of oil and gas by entities (organizations, sole traders or partnerships) that undertake the exploration for, extraction, drilling, and refining, of oil and gas and some of its derivatives. This market does not include petrochemical ....

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