WisdomInterface
WisdomInterface
August 11, 2021
1 min read

Automation for a new future in oil and gas

The oil and gas industry is at a turning point

In the oil and gas industry, unexpected and significant disruptions in demand impacted an already volatile market in 2020. At this critical turning point, energy companies will need groundbreaking strategies and decisive action to recover and move forward. According to a McKinsey assessment of the industry’s short- and long-term outlook:

  • Demand is projected to return to pre-2020 levels within four years.
  • After peaking in 2029, fossil fuel demand is projected to slowly decline.
  • Renewable sources are expected to account for more than 50% of global power generation by 2035.
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