Report cover image

Oil & Gas Innovation Tracker—Upstream Electrification

Publisher Frost & Sullivan
Published Nov 10, 2022
Length 38 Pages
SKU # MC17501757

Description

Oil & Gas Innovation Tracker—Upstream Electrification

As decarbonization strategies gather pace across industries, the electrification of processes in the oil and gas (O&G) industry is emerging as a pillar of growth opportunity and innovation. Frost & Sullivan has identified a complex and dynamic value chain and set of process steps where opportunities await.

Despite the significant potential to reduce carbon emissions, the electrification of O&G operations remains nascent. However, innovation among suppliers and supporting policies and regulatory frameworks from governments will boost adoption.

Most electrification technologies are commercially available, yet the high capital costs associated with replacing existing fossil fuel-based infrastructure, steep electricity prices, lack of government incentives, and poor awareness are significant barriers to O&G electrification. Yet these restraints are changing as decarbonization goals become more urgent and a period of growth for electrification looms.

This study looks specifically at 6 dynamic firms that are making a significant impact on the innovation agenda for electrification in the O&G sector and associated industries.

Table of Contents

38 Pages
    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on the Oil and Gas (O&G) Electrification Industry
    • Growth Opportunities Fuel the Growth Pipeline Engine
    • Electrification Enablers
    • Main Benefits of Upstream Electrification
    • How Can Electrification of the Upstream O&G Sector Occur?
    • Companies to Action-Brief Introduction
    • Innovation Target
    • Elcogen-Company Profile
    • Elcogen-Analyst Viewpoint
    • Blue Logic-Company Profile Score
    • Blue Logic-Analyst Viewpoint
    • RedWave Energy (RedWave)-Company Profile
    • RedWave-Analyst Viewpoint
    • Merus Power-Company Profile
    • Merus Power-Analyst Viewpoint
    • Total Energy Solutions
    • Total Energy Solutions-Analyst Viewpoint
    • AGreatE-Company Profile
    • AGreatE-Analyst Viewpoint
    • The Last Word
    • Scoring Methodology
    • Growth Opportunity 1-Floating Solar Energy
    • Growth Opportunity 2-Power Conversion Technologies
    • Growth Opportunity 3-Subsea Electrification
How Do Licenses Work?
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.