Energy, Oil & Gas Issue 225 March 2025 | Page 18

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Navigate the market

The growing importance of asset tracking in the energy sector.
By Justin Lackey

In the ever-evolving landscape of the energy sector, efficiency, compliance, and cost management are critical to maintaining operational success. The oil and gas industry faces a myriad of challenges including regulatory scrutiny and the high costs of asset maintenance. As companies strive to maximize asset utilization and minimize downtime, the demand for robust asset tracking solutions is greater than ever.

The shift toward digital asset management
Traditionally, asset tracking in the oil and gas sector has relied on spreadsheets, manual logs, and disparate systems. However, with increasing industry complexities and tighter regulations, companies are shifting toward digital solutions that provide real-time visibility and control over their assets.
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