China Oil and Gas Industry Development Analysis and Outlook 2019-2020 Blue Book

The oil and gas industry is embracing digital transformation. As a traditional pillar of the energy sector, the oil and gas industry has always had an important part to play in the energy field. However, these are challenging times. On one hand, the industry is subject to increasingly complex mining conditions and, with that, higher mining costs. On the other, it is faced with tumbling global oil prices that bring new challenges to all players in the field. In such circumstances, how can Artificial Intelligence (AI), big data, cloud, and 5G technologies be used to increase efficiency while reducing costs? This is now the key concern of all oil companies. In sum, it is beyond doubt that the implementation of digital transformation has become a key factor determining the success of oil compa...