Nagaraj Srinivasan, Senior Vice President of Landmark, Halliburton Digital Solutions, and Consulting, Halliburton
In this Executive Conversation, thought leaders from TCS and Halliburton Landmark discuss digital transformation in the oil and gas business and describe some of the cutting-edge technologies that are helping the industry solve its most pressing problems.
The oil and gas industry is no stranger to downturns; price wars and supply chain disruptions have occurred throughout its history. The current slump, caused by an extreme imbalance in supply and demand, was already underway before pandemic-related business closures pushed it into overdrive.
But this time, additional forces are exacerbating the downturn. An increase in stakeholder demands to reduce emissions, declines in capital investment, the growth of renewables, an industrywide need to reduce costs, and shortages of the in-house technology skills needed to improve operations have all combined to create extraordinary pressure.