Only a little over a month into 2020 and several major trends have already begun to take shape in the energy industry. One of the largest, however, has been driving oil and gas companies to reconsider their business operations entirely, according to Olivier Thierry, chief marketing officer of Quorum Software.
“Given the macroeconomic climate, the continued drive toward operational efficiency to attain free cash flow and reduction in operating expenses will be paramount for any E&P company in 2020,” Thierry told Hart Energy. “I think it all ties together with being smart, advanced and sophisticated. Companies that can utilize technology to drive the transformation will emerge as winners.”
In an interview with Hart Energy, Thierry discussed trends shaping the oil and gas industry this year and how Quorum, a Houston-based software company specializing in accounting and finance technology, fits into the overall outlook.