As economies and energy markets recover from the short-term impact of COVID-19, fundamental shifts in the energy system continue, and the coming decades will likely see a rapid acceleration of the energy transition. Oil demand may peak by 2029 and gas by 2037, but fossil fuels may continue to play a major role in the energy system even by 2050, driven by growth in areas such as chemicals and aviation.
None the less, the need for traditional energy companies to accelerate their transition to the decarbonized energy future has never been greater. To thrive in this new Energy scenario, Traditional Energy companies are adopting means like Digital Transformation to improve operational and energy efficiencies, Monitoring, tracking, and reporting of Carbon footprint and trading of carbon credits through holistic Emissions management, Carbon accounting and trading systems, Decarbonization of own operations and Expansion and Diversification into renewables.
LTI is at the forefront to help traditional energy companies to not only improve operational efficiencies and sustainability but also breakaway into the new energy by providing next generation Energy Industry IT Services and Solutions across Upstream, Midstream, Downstream and Renewables. We help Energy enterprises steer ahead of competition by adopting emerging technologies to digitize their entire Energy value chain. With our thorough industry know-how and technology expertise, we have delivered powerful real-time advanced analytics and decision support capabilities to several global clients.