Global Markets

Healthy financials to spur next phase of digitisation

Healthy results from the European majors could mean cash is available to drive the next phase of digitisation in the oil and gas sector Healthy results from the European majors could mean cash is available to drive the next phase of digitisation in the oil and gas sector.
By The Wildcat 27 April 2018 0 30625
Google's headquarters in Mountain View, California Google's headquarters in Mountain View, California. (PA)

Much has been written about the profound effects of digitisation on the oil and gas sector. Although considerable progress has been made, a period of low oil prices and cost reductions has not helped to move the needle in recent years. 

But times are changing. A glance at the latest financial results of Europe’s major players points to an industry in decent shape, buoyed by higher oil prices and production growth. This suggests more cash will be available to help drive the technological advancements needed to...