Innovation: Why are industries not borrowing from one another?
Why isn’t the oil and gas industry adopting ideas from others?
Compared to other industries, oil and gas companies have lagged behind in incorporating a number of basic innovations in supply chain efficiency, capital projects execution and operations.
Since oil prices were high for many years, being profitable was easy even without being efficient. But with today’s oil prices down, maximizing profits requires working smarter in every way.
In this interview, you will learn more about:
- Which specific industries oil and gas could learn and benefit from
- What factors are fundamentally reconfiguring the oil and gas industry as a whole
- How much innovation is currently taking place in oil and gas — and why