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The disruption in oil and gas upstream business by Industry 4.0

November 28, 2018

The oil and gas industry has experienced turbulent times in the last two years, and companies in the sector have made massive efforts to curb costs and scale back on new project development. Based on the uncertainties about the direction of industry, there has been much speculation about the continuity of petroleum as the main source of energy in modern civilisation, and about the permanence of low oil prices for an extended period.

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The disruption in oil and gas upstream business by Industry 4.0