Micromem Technologies Inc. (MMTIF)

[seek the light]

Excerpt from Article: Great Timing re Chevron.imo!!
https://www.rigzone.com/news/ey_predicts_whats_to_come_in_oil_and_gas_in_2019-02-jan-2019-157819-article/


Jelinek on the Majors
Pat JelinekPat Jelinek, Oil and Gas Partner, EYOil and Gas Partner, EY
“The majors will always look for ways to optimize and integrate their portfolios where possible and generally already know the projects they want to prioritize,” Jelinek explained. “In 2019, big oil companies will continue focusing on developing their operations as efficiently as possible while also lining up the right customers and logistics for their product as well as maintaining their license to operate.”

Jelinke added that digital adoption is integral to increased operational efficiency, specifically among the majors.

“As more and more successful pilot efforts demystify digital and demonstrate proven success in the industry, we expect companies will increasingly lean on these tools to decrease costs, increase safety, optimize assets and minimize downtime,” he said.

“In the U.S., the majors are focused on ensuring they capture every ounce of value they can out of the hydrocarbons they’re producing,” Jelinek said. “Globally, capital efficiency, license to operate and hydrocarbon demand are paramount. Specifically, with the rise in global supply and the variability of contract durations, there is noted focus on market creation and product and market selection, including a recognized focus on sustainability and portfolio implications.”