The oil and gas industry is integral to the global economic framework, impacting everything from transportation, electricity generation, and industrial production to manufacturing. In keeping up with the increasing energy demand, Latin America has fast emerged as one of the world’s hottest drilling locations, with offshore exploration projects in Guyana and Brazil shaping up to be the two biggest oil booms in the region.
As per Mordor Intelligence, the Latin American offshore energy market is expected to register a CAGR of over 4 percent between 2019-2028. The region has also witnessed significant offshore oil and gas activity due to the low breakeven prices and competitive payback times compared to the offshore oil and gas projects worldwide.
The increased focus on worker safety has led to the adoption of augmented reality headsets that enable workers to inspect dangerous areas without being physically present. The use of automation and robotics allows oil and gas companies to expedite repetitive and laborious tasks and complete them with improved accuracy. At the same time, the adoption of IoT technologies improves connectivity, enables organizations to leverage data for better decision-making, and helps ensure optimum performance of machinery with minimal downtime.
This edition of Energy Tech Review highlights the recent developments in the Latin American oil and gas arena and delivers insights into how businesses are aligning with these trends to transform legacy practices.
We have curated thought leadership articles from industry experts like the Head of Sustainability in Europe at Enviva. We also took a deep dive into the market trends to narrow down the list of companies delivering robust oil and gas services. Equipped with innovative technological capabilities, companies like GYSBI and Hytech help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Energy Tech Review’s oil and gas solution providers and service companies in Latin America helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
