With rising global demand, highly volatile prices and increasingly stringent environmental regulations, the oil and gas industry faces major challenges, the strategy is reduce costs, optimize the performance of its industrial assets and improve its environmental legacy.
Looking toward the late 2030s, the macro-environment is set to become even more challenging. Start with supply and demand. We expect growth in demand for hydrocarbons, particularly oil, to peak in the 2030s, and then begin a slow decline.
Excess capacity in refining will be exposed, putting downward pressure on profits, HYEM Technologies is a key player to achieve digital transformation that requires the deployment of new technologies (Big Data, IoT, augmented reality, industry 4.0) in all the process involved with the oil & gas industry.