Of all the mega trends that are impacting the oil and gas industry, the wave of digital innovation sweeping across the landscape is amongst the most intriguing – and offers significant potential for Singapore to play the role of innovator and disruptor at the forefront of what’s been dubbed “Oil & Gas 4.0”.
The oil and gas sector is being reshaped by fundamental changes in demand and new technologies. Growth in demand is shifting to the Middle East, Africa and Asian economies and away from Europe and North America. Since anything that can be digitised will be digitised (start-ups and capital markets will make sure of that), it is only a matter of time before the effects of digital innovation are felt in oil and gas. Singapore, of course, is one of the world’s leading oil trading and refining hubs supported by downstream industries […]
Above: PepsiCo food, snack, and beverage product line-up/Source: PepsiCo PepsiCo turned to tooling with 3D printing...