12/2/21, 12:29 PM
How Tech and Energy are Teaming Up | Shawn Nutley | Professional Overview
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How Tech and Energy are Teaming Up by shawnnutley | Dec 2, 2021 | business, fintech, Shawn Nutley, Technology
As the oil and gas industry faces changes from high operational costs, increasing sustainable investment movement, and the consistent low oil prices, companies are turning to tech companies for help. Some of the ways tech companies in Silicon Valley can help is by boosting efficiencies and streamlining operations. The potential market for digital gas and oil could grow by over 500% in the next 5-6 six years. This could save up to 150 billion dollars for oil producers and create an everlasting market for tech service providers in the cloud computing business. The opportunities include helping oil producers save on general administrative and operational costs, transport costs, and cut capital expenditure and selling. Microsoft announced its partnership with Chevron and Exxon in the last year. Alphabets, the parent company of Google also, renewed its partnership with Schlumberger. Additionally, BP and Shell receive digital services from Amazon web services. https://shawnnutley.com/how-tech-and-energy-are-teaming-up/
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