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Oil and Gas

Staying Indispensable

Innovation leaders in oil and gas trust Lux Research to help them stay indispensable by creating strategies to gain access to new markets and providing an understanding of the needs of a drastically changing industry. Lux covers the energy transition and all the emerging technologies necessary for the evolution of oil and gas companies as well as delivering market forecasts and techno-economic models to help our clients act on the opportunities that make sense for them.

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How We Help Clients

  • We analyze all aspects of the energy transition and the technologies that could help oil and gas companies evolve into renewable energy companies with unique capabilities and a decisive competitive advantage in the future energy system.
  • We deliver market forecasts and techno-economic models to help innovation leaders assess opportunities in specific technology areas and provide an understanding of how large the market is, how expensive the technology would be to operationalize, and guidance on the right timing to incorporate this technology into their operations.
  • We provide extensive coverage of existing startups to increase strategy and planning efficiencies so that innovation leaders can make decisions quickly about how to enter new markets via acquisition.

The Lux Difference

We not only are experts in the oil and gas industry, but we also perform targeted studies of and deeply understand the utilities industry. This insight helps enable an innovative oil and gas company to transition to an overall energy company beyond just oil and gas. Our frank and objective insights cannot be obtained anywhere else.

Client Outcomes

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We keep R&D teams updated with new and emerging technologies, highlighting promising tech startups emerging in a given technology.

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Second opinions matter: We provide objective, third-party evaluations for the decisions of innovation leaders and get external input and opinions on their significant R&D effort so they can be confident they are making the right calls, not just maintaining the status quo, and use our data to back their assumptions.

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We provide a safe zone for open discussions around technologies that innovation leaders would not have with their scientists internally because they are in an exploratory stage and need an outside-in perspective.

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We focus on areas novel to oil and gas; there is a tipping point before innovation leaders bring that knowledge and competency into their R&D departments where we stimulate the incubation of new insights to help them grow.

Featured Case Study

Measuring innovation velocity to gauge opportunities and threats in 20 emerging application areas
Case Study

Measuring innovation velocity to gauge opportunities and threats in 20 emerging application areas

The client, an oil and gas company, wanted to evaluate and measure the progress and velocity of 20 technology areas to understand the opportunities and threats to its current business models and production capabilities.

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Speak with Our Oil and Gas Team

A Lux representative will walk you through what becoming a Lux member entails, the services we offer, and how Lux can help your business reach new heights.

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