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ISG To Examine Oil and Gas Industry Services and Solutions

Upcoming ISG Provider Lens study will evaluate services and solutions providers helping oil and gas companies achieve digital innovation and operational efficiency

Information Services Group, a leading global technology research and advisory firm, has launched a research study examining services and solutions providers helping companies in the oil and gas industry digitally transform to improve operational efficiency and prepare for future energy needs.

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“Digitalization is of paramount importance to companies in the oil and gas industry in the face of increasingly turbulent markets”

Study results will be published in a comprehensive ISG Provider Lens™ report called Oil and Gas Industry — Services and Solutions, scheduled to be released in November. The report will evaluate services including enterprise asset management, next-gen information technology and operational technology (IT/OT) services, and capital projects management.

Enterprise buyers will be able to use information from the report to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients.

Companies in the oil and gas industry are looking to digitalization to achieve net-zero carbon goals and help meet other global challenges. Tightening oil supply and rising geopolitical tensions are among the challenges these companies are facing in 2023.

“Digitalization is of paramount importance to companies in the oil and gas industry in the face of increasingly turbulent markets,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “These companies need the right services and solutions to help them navigate an uncertain future.”

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For the study, ISG has distributed surveys to 55 providers of oil and gas industry services and solutions. Working in collaboration with ISG’s global advisors, the research team will produce five quadrants representing the services and solutions the typical oil and gas company is buying based on ISG’s experience working with its clients. The five quadrants are:

  • Enterprise Asset Management, evaluating services and solutions providers that help oil and gas companies increase asset performance, extend useful asset life and reduce operational costs.
  • Next-Gen IT/OT Services, covering service providers that help clients in the oil and gas industry increase efficiency, ensure compliance and minimize overall costs, with offerings including infrastructure services, application development and maintenance (ADM), IoT-based solutions, cybersecurity, remote monitoring, digital twins and more.
  • Capital Projects Management (CPM), assessing providers that offer services and solutions — including capital portfolio and project management, enterprise capital transformation, contracts management, and more — that help companies manage complex, capital-intensive projects and deliver them on time and within budget.
  • Data Management and Cloud Computing, covering providers of data handling and cloud services for oil and gas companies, enabling centralization of data and processes and transition from legacy systems.
  • Energy Transition Services, evaluating providers offering services helping oil and gas companies achieve net-zero carbon transition targets, implement energy efficiency initiatives, and drive new business models for the evolving energy ecosystem.

Geographically focused reports from the study will cover the global oil and gas technology market and examine products and services available in North America and Europe. ISG analysts Harish B (North America) and Mohd Aves Malik (Europe) will serve as authors of the reports.

A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as oil and gas service and solution providers can contact ISG and ask to be included in the study.

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