How will technology affect the future energy landscape?

The oil and gas industry are dealing with massive disruption on several fronts from increasing oil price volatility due to Coronavirus and the failed OPEC deal. Combined with complexity of a rapidly changing energy sector where digital technologies, the drive for greener energy and demand for more consumer-centric services are putting shareholder returns at risk and reconfiguring policy mandates, industry players are forced to make a significant re-evaluation of energy value chains, assets and operations. The way we produce and consume oil & gas is shifting. Renewable energy sources, such as wind and solar, are growing exponentially and are expected to account for nearly 70% of global electricity production in 2050. Transport is being electrified, with 50% of all new cars sold globally forecasted to be electric by 2033.