Digital Transformation in Oil & Gas Industry Overview
The global digital transformation market in the oil and gas industry is highly competitive and consists of several major players. The players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives and acquisitions to increase their market share and profitability.
- October 2021 - Emerson entered into a definitive agreement with Aspen Technology, Inc. to combine two of Emerson's stand-alone industrial software businesses, Open Systems International, Inc. and the geological simulation software business, along with a contribution of USD 6 billion in cash to AspenTech shareholders, to create "new AspenTech," which is a diversified, high-performance industrial software segment with more excellent capabilities, scale, and technologies.
- May 2021 - Emerson Electric Co. upgraded automation technology to improve the reliability of the Malampaya natural gas production and processing facilities operated by Shell Philippines Exploration, and finishing the work ahead of schedule helped the company restore the supply of gas as planned; therefore, the Philippines would benefit from the continued use of cleaner-burning natural gas to power its economy.
Digital Transformation in Oil & Gas Market Leaders
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Schneider Electric SE
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Rockwell Automation Inc.
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Honeywell International Inc.
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Siemens AG
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IBM Corporation
- *Disclaimer: Major Players sorted in no particular order
