The Digital Transformation of Oil and Gas

August 22, 2019 | Research Report

The digital transformation of the oil and gas industry has accelerated at a rapid rate in the last decade ever since the 2014 oil price crash. Oil and gas has gradually transitioned from a digital laggard to a potential leader in digital technologies such as digital twins, predictive maintenance, and gas detection. In this report, we discuss the underlying drivers for the industry's imminent push for digital, analyze the primary struggle it faces today of digital scale-up and enterprise wide deployment, and speculate the rise of 'tech' oil companies for the future. Note: Lux analysts have reviewed this content in the last six months and deemed it still current and relevant. We will continue to periodically review content for recency and relevance, and will either archive or refresh this content as the situation requires. Please reach out to your Customer Success Manager if you have any further questions.


  • Chemicals
  • CPG
  • Government & Non-Profit
  • Industrials
  • Oil and Gas
  • Utilities

Table of Contents

  • Title page
  • Executive Summary
  • The Era of Efficiency
  • Identifying Scalable Digital Applications
  • Summary
  • Outlook

Lead Analyst

Harshit Sharma


Katrina Westerhof

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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