For organizations in the oil and gas (O&G) industry, the combined impact of COVID-19 and erratic oil prices have made for an unprecedented roller coaster ride. However, even in the worst of times, there are tools and strategies that can help an organization’s fortunes, namely the increased use of technology and digitalization. These concepts could well provide the added margin needed to see an O&G organization through to stabler times and be better prepared for the next drop.

In this article, Protiviti’s Tyler Chase and Justin Turner explain how technology benefits the energy industry and suggest key actions organizations can take to cut costs and increase market share.