The oil and gas industry is facing a complete transformation. After a century of dominance in which oil and gas have been society’s main energy sources, the world is now moving on to other primary energy sources, placing companies in tough dilemmas with hard decisions to make. As a result, oil and gas companies have already started efforts to reduce their carbon footprint and get ahead of a shift to nonfossil energy production. The five main pathways that oil and gas companies focus on today in their pursuit of carbon neutrality are the Status Quo, Chemicals, New Fuels, Sequestration, and Utility Strategies, wherein each dictates a certain set of technologies to deploy.
This report roadmaps relevant technologies so companies can better understand how to evolve with the energy transition and reach net-zero goals.
The full Inspire Report offers a menu of technologies for oil and gas companies to help clients understand opportunities and barriers in each area and is an exclusive deliverable for Lux Research and Advisory Services members. Download this report snapshot to learn more.