How Circular Economy Principles Can Transform Energy Industry Operations
So far, a major portion of the energy industry operations is primarily focused on oil and natural gas. Still, it is also trying to embrace the energy-saving factor slowly. Slowly, it has adopted many novel ways to address this energy-saving issue. One such approach is the inclusion of the circular economy in its operations. This […]
Driving Green Initiatives: Sustainability Trends in The Energy Sector
With the growing emphasis on decarbonisation, the energy landscape of today keeps changing. Be it the transition from fossil fuels to renewable energy sources or be it old and gas companies, everything is supporting the ecosystem. This energy shift is driving a range of activities for sustainability in the energy sector. One such major change […]
Understanding the Procurement Process in the Oil and Gas Sector
The energy market is inefficient without the oil and gas sector and plays a critical role in the global economy as the primary fuel source. Did you know, the global oil and gas market is projected to grow at a CAGR of 3.68% from 2024 to 2031, reaching an estimated USD 8,917.40 billion by 2031? […]
How Technology is Revolutionizing Procurement in the Oil and Gas Industry
The oil and gas industry always contends with the fluctuating nature of oil prices; the various regulations regarding the environment, and closing the loop in efficient operations among others. Oil and gas industries are experiencing an oscillating change in one very important area: procurement, i.e., the method by which they source and acquire resources and […]
Marketplaces for Sustainable Energy: Driving Efficiency and Environmental Impact
The energy sector is at a time when global industries are adopting sustainability. With the increasing need for change concerning climate change and better use of resources, sustainable energy markets have become essential marketplaces. These environments help organizations be more efficient, minimize harm to the environment, and provide energy businesses with opportunities to achieve their […]
Oil And Gas Procurement: Types, Challenges, and Strategies
The Oil and Gas production industry is no longer what it was a few years ago. It is a complex and highly regulated sector with a procurement function to ensure smooth operations. It faces various challenges, from unpredictable market conditions to supply chains. This blog will help you learn the nature of oil and gas […]
