Advancing Sustainability in the Oil and Gas Industry through Innovation and Emerging Technologies: A review paper

This research paper explores the impact of innovation on the oil and gas industry, particularly in the exploration and production sectors. In a highly competitive global market, the adoption of newer technologies is essential for gaining a competitive advantage. Innovation is crucial for creating new business opportunities, driving strategic changes, and enhancing productivity. It leads to economic growth, higher living standards, and helps companies and countries compete domestically and internationally. The oil industry, as a critical sector, benefits from embracing innovative technologies to improve efficiency, safety, and intelligence. These advancements enable better decision-making, operational optimization, and reduce environmental impacts. By addressing the challenges associated with technology adoption, the industry can move towards a sustainable and profitable future to meet the increasing global energy demand. The paper emphasizes the need for ongoing innovation and technology adoption in the oil and gas industry, with future advancements like nanotechnology and artificial intelligence poised to be transformative. Through overcoming innovation challenges, the industry can pursue a more sustainable and profitable future while capitalizing on global growth opportunities.

کلیدواژه ها:

Oil and Gas Industry ، Innovation ، Sustainability ، Technology ، Environmental Impact ، Exploration and Production