Quick Summary:
In an era of dynamic change, the global energy industry sits at the cusp of transformative growth and innovation, particularly within the oil and gas (O&G) sector. The transition towards a net-zero carbon future presents both vast opportunities and unique challenges - market pricing pressures, potential energy security issues, and potential industry disruption. These are critical issues that must be navigated with precision, foresight and strategic planning.
This market research report delves deep into this complex landscape. Identifying five pillars of opportunity within the energy transition - Carbon Capture, Utilization, and Storage (CCUS); Emissions Management; Automation, Autonomy, and Augmentation; Upstream Electrification; and Future Fuels - it offers a blueprint for capitalising on this new energy era. It reveals how to balance the immediate demands for fossil fuels with sustainable practices and the transition to net zero emissions.
Factoring in changing competitive dynamics, driven by innovation and disruptive business models, this report will equip you with the insights needed to succeed in the evolving O&G market place. Covering key regions in North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa, this comprehensive study offers a global perspective, valuable for any senior executive with a stake in the future of the O&G industry.
Energy Transition, Decarbonization, Digitalization, and New Business Models Drive Industry Transformation
The global energy industry is undergoing an unprecedented transition, bringing exciting new growth opportunities to the oil and gas (O&G) industry. However, shifting to a net-zero future for carbon emissions means many companies face pricing, energy security, and industry disruption struggles.
As the industry moves to meet decarbonization and sustainability goals, the report has identified five key pillars of opportunity for the energy transition: Carbon Capture, Utilization, and Storage (CCUS); Emissions Management; Automation, Autonomy, and Augmentation; Upstream Electrification; and Future Fuels. Meanwhile, the main challenge of today’s O&G industry is balancing the transition to net zero while meeting the current demand for fossil fuels as efficiently and sustainably as possible.
The competitive landscape for the future O&G industry is also changing, driven by innovation, market transformation, ambitious sustainability goals, and disruptive business models.
The analyst's oil and gas team specifically works to identify substantial transformative trends, innovations, and growth opportunities. This study provides a detailed evaluation of the main transformational trends and growth opportunities that are expected to see shaping the O&G industry throughout 2023. The study period is 2022-2035, with 2022 as the base year and 2023-2035 as the forecast period.
Regions covered include:
- North America: United States, Canada, and Mexico
- Latin America: Brazil, Venezuela, Argentina, and Colombia
- Europe: United Kingdom, France, Germany, Norway, Netherlands, and Belgium
- Russia and Commonwealth of Independent States (CIS): Russia and Kazakhstan
- Asia-Pacific: India, China, Malaysia, Singapore, Australia, and Japan
- Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (UAE), Oman, Qatar, Kuwait, Nigeria, Algeria, Egypt, Mozambique, Libya, and Angola
The following three markets are covered:
- Upstream: Oil and gas, automation, digitalization, electrification
- Midstream: Liquid natural gas (LNG)
- Decarbonization: Emissions management, hydrogen, CCUS
Notably, the study offers stakeholders insights and opportunities they can leverage in the dynamic O&G space over the next decade.
