| | October 20246EDITOR'S DESKThe oil and gas sector is undergoing a significant transformation, propelled by various influential trends. Although technological advancements are pivotal, sustainability efforts, regulatory constraints and market dynamics also substantially impact the industry. As businesses maneuver through these intricacies, they must adopt inventive strategies to excel in this evolving environment. Digital technologies like AI, IoT and big data drive operational efficiency and enhance safety measures in the space, helping businesses significantly cut costs. Robotics has become an integral part of oilfield services, particularly in offshore platforms and refineries, where they are utilized for inspections and maintenance tasks that are hazardous or expensive for human workers. There is also a growing trend among companies to incorporate environmental, social and governance strategies into their operations. By integrating these initiatives into their business models, they reinforce corporate responsibility while positioning themselves advantageously in a market that prioritizes sustainable practices and transparency. The global oil and gas market size is expected to reach $8,917.40 billion by 2031, growing at a CAGR of 3.68 percent from 2024 to 2031. Increasing scrutiny over carbon footprint and emissions and expanding liquefied natural gas capabilities are driving the market's growth. Investment in liquefied natural gas infrastructure has emerged as a key trend in the market, fostered by the pressing need to meet growing energy demands while transitioning to cleaner energy sources.In this edition of Energy Business Review Canada, we explore the sector's recent developments and how companies harness cutting-edge technologies to offer top-notch services.We feature insights from industry experts like David Harmon, CIO at Oil States International, who suggests post-merger integration strategies, stakeholder-based strategies, product assessments and process optimization to improve business processes and industry insights in ERP systems. We also feature Mark Hutcherson, director of low-carbon projects and technology at ConocoPhillips, who highlights the adoption of drones to optimize operations, reduce human error and lower costs. In this edition, featuring the Top Oil and Gas Services Providers in Canada 2024, we aim to help you find the right partner for your business requirements.Let us know your thoughts!Driving Innovation in the Energy IndustryCopyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. OCTOBER - 15 - 2024, Vol 05 - Issue 16 (ISSN 2836-5089) Published by ValleyMedia, Inc. To subscribe to Energy Business ReviewVisit www.energybusinessreview.com VisualizersRobert JackmanManaging EditorJade McdonaldEditorial StaffAaron Pierce Ava GarciaVian IsaacJoshua Parker Catalina JosephJade McdonaldManaging Editoreditor@energybusinessreview.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOsEmail:sales@energybusinessreview.comeditor@ energybusinessreview.commarketing@energybusinessreview.com
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