According to Deloitte’s 2019 Oil, Gas, and Chemicals Outlook, the oil and gas industry continues to be volatile in terms of prices with stringent regulations affecting many new business opportunities.
The abundance of moderately priced natural gas in North America is enabling long-term change in the U.S. and global energy markets. Natural gas continues to grow as a source of lower-carbon power generation in North America and internationally. Major oil and gas companies are investing in technologies that bring renewable, low-carbon energy to consumers, and that reduce their own environmental footprints.
More companies are exploring the deployment of artificial intelligence, analytics, robotics, and blockchain to increase efficiency, productivity, reliability, and predictability of operations.