DUBLIN, Dec. 8, 2023 /PRNewswire/ — The “Energy Transition Growth Opportunities for Oil and Gas (O&G) Service Companies, 2023” report has been added to ResearchAndMarkets.com’s offering.
This report studies the innovations and strategies of major O&G service companies around six key pillars of the energy transition: automation; renewable energy; hydrogen production; carbon capture, utilization, and storage; process electrification; and emissions management. The study period is 2020-2030, and the forecast period is 2023-2030, using 2022 as the base year.
Energy transition, which refers to the shift from fossil fuel-based systems to zero-carbon solutions, is a complex process for the global energy industry, including suppliers and users. Timelines for eliminating carbon from energy systems vary by region, but most goals – including the Paris Agreement – focus on achieving net zero by the second half of the 21st century.
O&G service and solution companies are at the forefront of change and driving innovation to bring new decarbonization solutions to markets worldwide. The O&G industry has a major negative environmental impact because of its production and use of fossil fuels and the high volume of carbon emissions produced from daily activities. The industry is under pressure to transform by finding ways to address global energy demand growth while reducing its environmental toll.
Key Topics Covered:
Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative
- The Impact of the Top 3 Strategic Imperatives on the Energy Transition in the Global O&G Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
Research Scope, Objectives, Methodology, and Background
- Market Definitions
Growth Environment – Energy Transition
- Energy Transition Pillars
- Energy Transition Progress by Key Growth Pillar
- Energy Transition Progress by Key Region
- Energy Transition Progress by Company
- Transition Pillar 1 – Emissions Management
- Transition Pillar 2 – Automation
- Transition Pillar 3 – Electrification
- Transition Pillar 4 – Renewable Energy
- Transition Pillar 5 – Hydrogen
- Transition Pillar 6 – CCUS
Company Profiles
- Halliburton
- Baker Hughes
- SLB
- Emerson
- ABB
- Honeywell
- Rockwell Automation
- Saipem
Growth Opportunity Universe
- Growth Opportunity 1: PEMS for Emissions Management
- Growth Opportunity 2: Automation Technologies Applied to Drilling Process for Efficiency Optimization
- Growth Opportunity 3: Floating Wind Farms for Offshore Electrification
- Growth Opportunity 4: Floating Solar Energy
- Growth Opportunity 5: DAC as a Carbon Capture Alternative
- Growth Opportunity 6: Advanced Electrolysis for Hydrogen Scalability
For more information about this report visit https://www.researchandmarkets.com/r/3ywdhb
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SOURCE Research and Markets
