As oil and technology prices have dropped, the oil and natural gas industry has been making more use of digital products for efficiency and safety, says Fay Shong, energy and digital strategy partner at EY, which provides services for the industry. Companies are advanced in their use of seismic and other technologies to find and extract resources underground, and they are now looking at more ways to use sensors and other technology above ground, Shong says.
Oil, gas industry expanding use of technology, expert says
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