Digital Transformation of Oil and Gas Companies: Energy Transition

DOI

10.2991/aebmr.k.200730.037How to use a DOI?

Keywords

oil and gas companies, digital transformation, digitalization, energy transition, decarbonisation

Abstract

The authors raise the issues of digitalization in the leading companies of oil and gas industry in terms of the energy transition. In addition, the paper also proposes policy recommendations for the low-carbon transition of oil and gas companies. The core concept of the company’s transition is a transition from O&G Company to an energy company. Now hydrocarbons form the basis of the global energy balance; they are the main source of CO2 emissions into the atmosphere. The issues of reducing CO2 emissions, for example, by decarbonizing the oil and gas industry, are becoming relevant. The digital transformation companies will create an ecosystem within which any company can appropriately replace business processes with “clean” ones; digital technologies will allow collecting data, monitoring processes and managing them. The object of this study: the largest companies – leaders in the oil and gas industry. The purpose of the study: to develop recommendations on the energy transition of oil and gas companies through the use of business digitalization technologies. The article outlines the main points of energy transition paradigm, as well as digitalization policies used by the companies. The authors explore the motives of the energy transition of O&G companies; analyze the possibilities of digital transformation of the oil and gas business; Using the example of the largest foreign companies in the oil and gas sector, they consider the mechanism of energy transition.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Yu. Daneeva
AU  - A. Glebova
AU  - O. Daneev
AU  - E Zvonova
PY  - 2020
DA  - 2020/08/01
TI  - Digital Transformation of Oil and Gas Companies: Energy Transition
BT  - Proceedings of the Russian Conference on Digital Economy and Knowledge Management (RuDEcK 2020)
PB  - Atlantis Press
SP  - 199
EP  - 205
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200730.037
DO  - 10.2991/aebmr.k.200730.037
ID  - Daneeva2020
ER  -