The energy industry has always faced large price swings as a result of changes in the global economy. But today, this entire sector is facing an unprecedented level of disruption. Industry analysts say it is in the throes of a dramatic upheaval that is requiring companies in this industry to reinvent themselves. For example, Gartner recently warned, “Oil and gas CIOs face a chaotic and confusing business environment that is likely to continue through the next decade.” They added, “The period between 2020 and 2030 will emerge as the ‘decade of deep redesign’ because all oil and gas companies will need to make significant changes.
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