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Top 10 Growth Opportunities in Oil and Gas Decarbonization, 2024

Publisher Frost & Sullivan
Published Dec 07, 2023
SKU # MC18372545

Description

Top 10 Growth Opportunities in Oil and Gas Decarbonization, 2024



Decarbonization, digital transformation, and technology innovation have accelerated significantly in the past five years. The global energy industry is experiencing an unprecedented transition, 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 concerning carbon emissions means many companies are also challenged by pricing, energy security, and industry disruption. The energy industry has scarcely been out of the news headlines for the past couple of years, specifically regarding price fluctuations, supply challenges, security issues, and growth in global demand. The main challenge for today’s O&G industry 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 influencing the future O&G industry is also changing. Innovation, market transformation, ambitious sustainability goals, and disruptive business models are driving the changes. This study lists and evaluates the top 10 growth opportunities that Frost & Sullivan has identified for the decarbonization of the global O&G industry in 2024.

Table of Contents

Top Growth Opportunities for 2024
Strategic Imperatives
Top 10 Growth Opportunities
Growth Opportunity 1: CCUS as a Service
Growth Opportunity 2: Emissions Management Digital Platforms
Growth Opportunity 3: Remote Leak Detection
Growth Opportunity 4: Development of CCUS Hubs
Growth Opportunity 5: Modularization of Carbon Capture Plant
Growth Opportunity 6: End-to-End Emissions Management
Growth Opportunity 7: Negative Emissions Technologies
Growth Opportunity 8: Drone-based Emissions Monitoring
Growth Opportunity 9: Flare Gas Recovery
Growth Opportunity 10: Blue Hydrogen Production
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