Digital Transformation in the Oil and Gas Sector: Automating Regulatory Compliance

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@article{1706677,
      author = {Omobolanle Diana Bello},
      title = {Digital Transformation in the Oil and Gas Sector: Automating Regulatory Compliance},
      journal = {Iconic Research And Engineering Journals},
      year = {2024},
      volume = {8},
      number = {6},
      pages = {391-400},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1706677.pdf},
      abstract = {The oil and gas sector is transforming as digital technologies revolutionize traditional operational practices. Regulatory compliance, a cornerstone of this industry, has historically been challenged by the complexity of frameworks and the reliance on manual processes prone to inefficiencies and human error. Integrating automation and digital tools offers a powerful solution to these challenges, enabling streamlined compliance management and real-time monitoring.  Key technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT) have been effective in enhancing operational efficiency, ensuring accuracy, and managing risks associated with non-compliance. By integrating these tools, companies improve their compliance mechanisms and contribute to sustainable operations and long-term resilience. This paper incorporates observations from relevant case studies to provide practical insights into how digital tools are transforming regulatory compliance in the oil and gas industry. These examples illustrate the tangible benefits of automation in real-world settings, further supporting the study's findings. These advancements ensure the critical role of technology in driving innovation and compliance excellence in this vital sector.},
      keywords = {Digital Transformation, Regulatory Compliance, Oil and Gas, Automation, Artificial Intelligence, Blockchain, Internet of Things, Operational Efficiency, Risk Management},
      month = {December},
  }