Prepared for Daniel R. | Delivered September 15, 2020
Oil and Gas Pain Points
To provide pain points/major challenges for the oil and gas industry.
According to a report by Veolia, "producing
and refined products at a lower cost to stay competitive on the market is one of the industry’s major challenges."
The oil industry's current priority is to
efficiency to reduce costs.
According to Veolia, oil companies are compelled to "seek new sources of oil or gas for which extraction, transport, and refining are much more complex and
" for them to sustain their supply.
Improving Environmental Footprint
The oil and gas industry is subject to strict environmental regulations because it is a "major consumer of
water and energy
According to Veolia, these stringent standards "constrains them to rethink
, production, and distribution methods in order to obtain or maintain their license to operate."
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