The Digital Path Forward for Canadian Energy Companies
At the start of the pandemic, the demand for oil and gas dropped by 25% – the outlook for the global energy industry was gloomy at best. Worse, the decreased demand for energy commodities subsequently resulted in 14% of oil and gas company employees being laid off.
The Digital Path
Now, just over a year after the beginning of the COVID-19 pandemic, our country is opening back up, and so is the road to recovery. As suggested in this article by Deloitte, the pandemic has helped accelerate reliance on digital technologies across sectors.
In oil, gas, and chemical companies, remote monitoring and increased analytics have assisted in opening up new cost-saving avenues in the face of low prices and reduced hiring. For smart manufacturers, digital technologies have helped improve worker safety and have also facilitated ecosystems, which provide measurable benefits to manufacturers. In the power, utilities, and renewables sectors, the move to digital solutions is motivated by the growing role of distributed energy resources on the grid.
Turning Strategy Into Action
The strategies that oil and gas companies adopt and the choices they make in the upcoming months will largely determine their future success. As newer trends emerge in the upcoming months, Canadian energy companies must adapt to the industry changes if they want to become leaders in the post-pandemic marketplace.
The True Nature of AiM Land –
We are a full service land consulting firm with innovative and expert knowledge of the land. We offer expertise for a broad spectrum of major energy projects across Canada and the United States. We are a full-service broker that does all portions of a project internally; we do not outsource any part of the work. We utilize leading edge technology to reduce costs, improve communications, and ultimately deliver the project more efficiently and done for the best price. Our strong and dynamic team brings extensive knowledge from the field and varying experiences to each project.
Reach out to connect with us to learn how we can help with your project.