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Future of the Oil and Gas Industry: Balancing Uncertainty and Net Zero goals while seeking profitability

Future of the Oil and Gas Industry: Balancing Uncertainty and Net Zero goals while seeking profitability

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Oil & Gas IQ
05/31/2023

Future of the Oil and Gas Industry

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The O&G industry is facing the energy trilemma - finding the right balance between sustainability, reliability and affordability. They’re dealing with the pressure to reduce greenhouse gas (GHG) emissions and to achieve the goals of the Paris Agreement, while still meeting growing global demand. Operators are looking to make the right investments in carbon management strategies and digital solutions for efficiency and productivity.  

Key takeaways from our latest article include:

  • In the near future, the O&G industry will have to contend with geopolitical and macroeconomic fluctuations and growing energy demand amid potential surplus shortages
  • While many large O&G companies have started major investment in carbon capture and other carbon reduction strategies, much more is still needed
  • 2023 could be the year to advance investment in technologies to accelerate the energy transition, including improving efficiency in legacy operations, accelerating renewable diversification, and Investing in GHG reporting and optimization

Read more about how TotalEnergies and YPF are leading the path and realizing the benefits of digitalization investment.

Access full article here.

We respect your privacy, by clicking "Access Article Here" you agree to having your details passed onto the sponsor who may promote similar products and services related to your area of interest subject to their privacy policy. You have the right to object. In addition, you will receive our e-newsletter, including information on related online learning opportunities. For further information on how we process and monitor your personal data, and information about your privacy and opt-out rights, click here.

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