| | JULY-SEPTEMBER 20216The supply gut in the wake of the COVID-19 pandemic has forced many energy companies to focus on cost optimization through informed technology adoption. As industries across the world are growingly embracing leading-edge technologies to reshape their operating landscapes and reap the benefits of digital transformation, energy companies must jump on this bandwagon of digitalization. In that regard, certain factors such as the shrinking costs of digitalization and advancements in technology put forth a real competitive edge for energy companies that play the digital evolution right, especially in the oil and gas sector.Another technology set to transform the oil and gas sector is blockchain. In fact, the blockchain revolution is starting here and now. The real task for the oil and gas sector is how quickly it can move to take advantage of the many opportunities that blockchain will bring. For oil and gas businesses, data has gone from an asset to a burden. Companies are drowning in data and urgently need a way to control and authenticate information. Blockchain has enormous potential to reduce the risk of fraud, error, and invalid transactions in energy trading, make financial transactions more efficient, facilitate regulatory reporting requirements, and enable interoperability.On that front, innovative technologies, like artificial intelligence, cloud computing, and the internet of things (IoT), will also play an ever-increasing role in aiding the onshore and offshore energy companies to navigate successfully in the new normal post-COVID-19.In this edition of Energy Busuness Review, we bring you the story of some of the most promising onshore and offshore emerging companies that deliver the best outcomes for their clients. This edition also offers a combination of thought leadership articles from subject matter experts and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the best onshore or offshore company according to your requirements.Let us know your thoughts!The Digital Future of Oil and Gas Needs Blockchain and AICopyright © 2021 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. JULY, 2021, Vol 02 - Issue 02 Published by ValleyMedia, Inc. To subscribe to Energy Business ReviewVisit www.energybusinessreview.com SalesRich Gonsalvesrich@energybusinessreview.comVisualizersChris LynnManaging EditorJade McdonaldEDITOR'S DESKJade McdonaldAriel RamosManaging Editoreditor@energybusinessreview.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditorial StaffAaron Pierce Ava GarciaVian IsaacJoshua Parker Kenny Peruzzi
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