Industry outlook for the oil and gas industry 2018

4: Fresh impetus for innovation

Digitalization reaches a tipping point

Over a third of senior oil and gas professionals expect to increase spending on R&D and innovation in 2018, the highest level in four years. One in five respondents (19%) cite a lack of investment in innovation as a key barrier to growth.
In the 2018 industry outlook report, we explore the benefits to be reaped from artificial intelligence and smart technology, also looking at what kind of R&D projects are likely to get the green light in 2018.