December 9, 2019
In the coming decade, several aspects—an aging workforce, the growing cost of power generation, and the need to respond to innovative technologies—could reshape the way the energy sector operates. But the burgeoning demand for energy sustainability is likely to be the most imperative factor of all.
This is because oil and gas (O&G) companies are now facing a daunting reality where energy consumption is constantly eroding profit margins. As rising energy costs continue to take a toll on the operation and maintenance budget, energy asset managers must focus on managing energy usage, as well as growing public and government concerns about carbon emissions and other pollutants. In the pursuit of this, O&G companies across the world are in the midst of a massive transformation as they upgrade their traditional asset management practices to the modern cloud-based digital systems. Leading this endeavor from the front is Advisian, the global consulting business line of the renowned Australian engineering company Worley. Advisian is opening the door to a new realm of asset management through its strategic, practical, and commercially-oriented asset management services.
Kirsten Oliver, Global Asset Management & Analysis Lead