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The Oil & Gas industry is characterized by a variety of national and international competitors that must be able to react as soon as possible to the different needs of the countries in which they operate. The companies that work for the Oil & Gas industry provide cutting edge solutions, from production and refining to transportation, storage and distribution. It is an area of great technological innovation that has to respond to the needs of a very demanding final sector, with a central role in the global economy, and that, in the last period, has gone through an increasing competitive pressure.
With the global increase of energy demand and an economic scenario in continuous evolution, the Oil & Gas industry is facing new challenges and opportunities. Recent years have also witnessed significant investment in the Oil&Gas industry, marked especially by a growth in acquisitions and joint venture operations. Over the past decade, the companies in this sector have assisted to a significant increase of production and operational costs.
The most common initiatives are primarily aimed at optimizing costs and processes. In general, cost containment activities are mainly concentrated on personnel, efficiency and specialist support to the IT function, and on the introduction of outsourcing in areas with lower added value.
After years of investment - primarily upstream-oriented - for the acquisition and application of new technologies, we are witnessing a gradual shift of interest in midstream on transport and refining issues, and new trends related to the digitization of the relationship with customers in the downstream phase.
Reply has been supporting the Oil & Gas industry's value chain for years, by deeply understanding the market and applying the most innovative technologies on major projects. Among the main activities: