A digital revolution is taking place in all sectors of the economy. Only a small proportion of these transformations are noticeable to the consumer, whereas a large number of them are invisible to the naked eye, but will have a revolutionary effect on the efficiency of all economic processes. The fuel and energy industry is no exception. The widespread deployment of sensors, the Internet of Things, and the growth of computing power and artificial intelligence capabilities are making it possible to optimize manufacturing processes and reduce the costs of production. In addition to a sharp intensification of competition on the global energy market, this could lead to the emergence of new technological leaders and a loss in competitiveness among those who fail to participate in the digital race. For Russia, a global energy leader, these questions are especially relevant. How long will the resilience of traditional energy producers allow them to survive without implementing new breakthrough technologies? What is the price of transformation? What has already been done to lay the foundations for the coming IT leap, and what must Russia still do in order to preserve and improve its competitiveness in the global energy arena?