Executive viewpoint ///

Change in the oil and gas industry often comes slowly, and rarely is there a disruptive shift in technology or thinking that revolutionizes the sector. However, today’s offshore industry is in urgent need of change. While it has come a long way in the last century, past accomplishments overcoming a constant stream of technical and commercial challenges do not guarantee success against what may be our biggest challenge—securing offshore as an integral part of the global energy mix. Other forms of energy will continue to emerge, but the world still needs oil and gas to meet its increasing demand. Emerging economies have been responsible for the global growth in oil consumption of 1.4 MMbpd in 2013.1 Global population growth of 3 billion people by 20502 will likely see this continue to rise.3

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