The global energy sector is going through an unprecedented transition period, and this change is bringing exciting new growth opportunities to the oil and gas (O&G) sector. However, the shift to a net-zero future for carbon emissions means many companies are also facing pricing, energy security, and disruption struggles. The energy sector was scarcely out of the news headlines in 2022, specifically regarding price fluctuations, supply challenges, security issues, and demand growth.
• The main challenge of today’s O&G sector is balancing the transition to net zero while meeting the current demand for fossil fuels as efficiently and sustainably as possible.
• Meanwhile, the competitive landscape for the future O&G sector is also changing.
• It is driven by innovation, sector transformation, ambitious sustainability goals, and disruptive business models.
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