
Top 20 Oil and Gas Themes - Thematic Intelligence
Description
Top 20 Oil and Gas Themes - Thematic Intelligence
Summary
In this report, we identify the top 20 themes that would impact the oil and gas industry in 2023. For each theme, we offer a series of predictions, highlight the winners, and point you to further reading.
Scope
- We classify our top 20 themes for 2023 into four categories: industry, technology, ESG, and macroeconomic themes.
- The ESG themes will be pivotal for the oil and gas industry in 2023, as oil and gas companies pursue newer industry themes such as energy transition, renewable energy, hydrogen, carbon capture and storage (CCS), energy storage, and electric vehicles (EV) while managing traditional themes such as liquefied natural gas (LNG), shale, and integrated refineries.
- This report also features disruptive tech themes impacting the oil and gas industry in 2023. These include artificial intelligence (AI), blockchain, cloud computing, cybersecurity, the Internet of Things (IoT), robotics, and the metaverse.
- Companies who invest in the right themes become success stories; those who miss the big themes end up as failures. Given that so many themes are disruptive, it is very easy to be blindsided by industry outsiders who invade your sector.
- This report is a multi-theme report covering 20 themes, drawn from industry, technology, ESG, and macroeconomic themes. It depicts a short-term outlook for the industry from the perspective of these 20 themes.
Table of Contents
58 Pages
- Executive Summary
- 2023 Theme Map
- Viewing the world’s data by theme helps you make important decisions
- ESG-Environment
- Companies will continue to fulfill environmental obligations
- Long-term strategies are key to mitigating carbon emissions
- Government incentives enabling the transition
- Winners
- Further reading
- ESG-Social
- The prevailing disruptions in the energy sector could boost job creation
- Companies may extend social outreach after a hugely profitable year
- Digitalization is transforming worker safety in oil & gas
- Winners
- Further reading
- Geopolitics
- The Ukraine conflict has put global energy security in the limelight
- Geopolitical instability and the resulting inflation weigh on finances globally
- China is emerging as the new power broker in the geopolitics of energy supply
- Winners
- Further reading
- Supply Chain
- Supply chain reorganization will continue in 2023
- Meeting energy needs will take precedence over curbing supply chain emissions
- Digitalization will make oil and gas supply chains more agile
- Winners
- Further reading
- Energy Transition
- Major economies will hasten the energy transition
- Oil majors expected to double down on their ET investments
- Regulatory mismatches will persist despite global consensus on decarbonization
- Winners
- Further reading
- Renewable Energy
- Solar power will continue to get more affordable to consumers
- Investments in offshore wind will continue in Europe and North America
- Technology developments will continue to drive down operational costs
- Winners
- Further reading
- Hydrogen
- Green hydrogen capacity is expected to grow at a high rate
- High leveraged costs might be a cause for consumer hesitation in the near term
- Newer applications of hydrogen will take time to establish themselves
- Technological innovations are expected to increase in the hydrogen theme
- Winners
- Further reading
- Carbon Capture & Storage
- Favorable incentives and government finance lay the groundwork for CCS adoption
- The prospect of low-carbon hydrogen with CCS technology
- The CCS industry is working to reduce costs and expand storage capacities
- Winners
- Further reading
- Energy Storage
- The boom in renewable power projects will continue to propel energy storage
- Grid-scale storage will pick up in major economies
- AI will play a crucial role in energy storage system deployment
- Winners
- Further reading
- Electric Vehicles
- Electric vehicle sales are expected to grow exponentially in this decade
- Oil and gas companies are gradually making inroads into the EV space
- The charging network is expected to grow to keep pace with EV sales
- Winners
- Further reading
- Liquefied Natural Gas
- LNG will be in high demand throughout 2023, while supply could be limited
- Favorable regulatory environment expected for upcoming projects
- LNG is becoming a critical supply source for decarbonizing global industries
- Winners
- Further reading
- Shale
- Shale drillers would continue to reap rewards from elevated energy prices
- Shale output is expected to show modest growth in 2023 amid rising costs
- Considerations for carbon neutrality may take a back seat momentarily
- Winners
- Further reading
- Integrated Refineries
- Global integrated refinery capacity growth is expected to remain steady
- Growing global demand for petrochemicals will incentivize integrated refineries
- Russo-Ukrainian conflict is causing major disruption to downstream supply chains
- Winners
- Further reading
- Artificial Intelligence
- Artificial intelligence will make the industry more agile
- AI to play a key role in the oil & gas industry’s net-zero goals and energy transition
- AI will complement health and safety policies in the oil & gas industry
- Winners
- Further reading
- Blockchain
- Blockchain can pave the way for an accountable energy transition
- Growing blockchain adoption will influence existing supply chain models
- Hesitance from government entities will lead to a hindrance in adoption
- Winners
- Further reading
- Cloud Computing
- Oil and gas companies are expected to increase the adoption of cloud computing
- Rising digitalization in oil and gas will facilitate wider adoption of cloud computing
- The emergence of edge computing can lay the groundwork for hybrid models
- Winners
- Further reading
- Cybersecurity
- Inertia within the oil and gas industry concerning cybersecurity can prove disastrous
- Collaboration between key stakeholders critical to avert future cybersecurity attacks
- Upskilling the oil and gas workforce with cybersecurity will take precedence
- Winners
- Further reading
- Internet of Things
- Asset management and predictive maintenance will take precedence
- IoT sensors will help in keeping tabs on ESG performance
- Tools with broader functionalities would enable deeper industry penetration of IoT
- Winners
- Further reading
- Robotics
- Broader adoption of robotic use cases expected in the oil and gas industry
- The easing of drone policies will lead to a rise in adoption
- The widespread integration of robotics and AI is imminent
- Winners
- Further reading
- The Metaverse
- The metaverse can help improve productivity in the oil and gas industry
- The metaverse has a strong potential in oil and gas workforce training
- The metaverse could become an integral part of oil and gas operations
- Winners
- Further Reading
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Greece Water Infrastructure Construction Output Value (EUR Million), 2017 - 2021
- Table 2: Greece Water Infrastructure Construction Output Value (US$ Million), 2017 - 2021
- Table 3: Greece Water Infrastructure Construction Output Value (EUR Million), 2021 - 2026
- Table 4: Greece Water Infrastructure Construction Output Value (US$ Million), 2021 - 2026
- Table 5: Greece Water Infrastructure Construction Output, by Cost Component (EUR Million), 2017 - 2021
- Table 6: Greece Water Infrastructure Construction Output, by Cost Component (US$ Million), 2017 - 2021
- Table 7: Greece Water Infrastructure Construction Output, by Cost Component (EUR Million), 2022 - 2026
- Table 8: Greece Water Infrastructure Construction Output, by Cost Component (US$ Million), 2022 - 2026
- Table 9: Greece Water Infrastructure Construction Output Value, New Construction (EUR Million), 2017 - 2021
- Table 10: Greece Water Infrastructure Construction Output Value, New Construction (US$ Million), 2017 - 2021
- Table 11: Greece Water Infrastructure Construction Output Value, New Construction (EUR Million), 2021- 2026
- Table 12: Greece Water Infrastructure Construction Output Value, New Construction (US$ Million), 2021- 2026
- Table 13: Greece Water Infrastructure Construction Output, New Construction by Cost Component (EUR Million), 2017 - 2021
- Table 14: Greece Water Infrastructure Construction Output, New Construction by Cost Component (US$ Million), 2017 - 2021
- Table 15: Greece Water Infrastructure Construction Output, New Construction by Cost Component (EUR Million), 2022 - 2026
- Table 16: Greece Water Infrastructure Construction Output, New Construction by Cost Component (US$ Million), 2022 - 2026
- Table 17: Greece Water Infrastructure Construction Output Value, Repair and Maintenance (EUR Million), 2017 - 2021
- Table 18: Greece Water Infrastructure Construction Output Value, Repair and Maintenance (US$ Million), 2017 - 2021
- Table 19: Greece Water Infrastructure Construction Output Value, Repair and Maintenance (EUR Million), 2021 - 2026
- Table 20: Greece Water Infrastructure Construction Output Value, Repair and Maintenance (US$ Million), 2021 - 2026
- Table 21: Greece Water Infrastructure Construction Output, Repair and Maintenance by Cost Component (EUR Million), 2017 - 2021
- Table 22: Greece Water Infrastructure Construction Output, Repair and Maintenance by Cost Component (US$ Million), 2017 - 2021
- Table 23: Greece Water Infrastructure Construction Output, Repair and Maintenance by Cost Component (EUR Million), 2022 - 2026
- Table 24: Greece Water Infrastructure Construction Output, Repair and Maintenance by Cost Component (US$ Million), 2022 - 2026
- Table 25: Greece Water Infrastructure Construction Output Value, Refurbishment (EUR Million), 2017 - 2021
- Table 26: Greece Water Infrastructure Construction Output Value, Refurbishment (US$ Million), 2017 - 2021
- Table 27: Greece Water Infrastructure Construction Output Value, Refurbishment (EUR Million), 2021 - 2026
- Table 28: Greece Water Infrastructure Construction Output Value, Refurbishment (US$ Million), 2021- 2026
- Table 29: Greece Water Infrastructure Construction Output, Refurbishment by Cost Component (EUR Million), 2017 - 2021
- Table 30: Greece Water Infrastructure Construction Output, Refurbishment by Cost Component (US$ Million), 2017 - 2021
- Table 31: Greece Water Infrastructure Construction Output, Refurbishment by Cost Component (EUR Million), 2022 - 2026
- Table 32: Greece Water Infrastructure Construction Output, Refurbishment by Cost Component (US$ Million), 2022 - 2026
- Table 33: Greece Water Infrastructure Construction Output Value, Demolition (EUR Million), 2017 - 2021
- Table 34: Greece Water Infrastructure Construction Output Value, Demolition (US$ Million), 2017 - 2021
- Table 35: Greece Water Infrastructure Construction Output Value, Demolition (EUR Million), 2021 - 2026
- Table 36: Greece Water Infrastructure Construction Output Value, Demolition (US$ Million), 2021 - 2026
- Table 37: Greece Water Infrastructure Construction Output, Demolition by Cost Component (EUR Million), 2017 - 2021
- Table 38: Greece Water Infrastructure Construction Output, Demolition by Cost Component (US$ Million), 2017 - 2021
- Table 39: Greece Water Infrastructure Construction Output, Demolition by Cost Component (EUR Million), 2022 - 2026
- Table 40: Greece Water Infrastructure Construction Output, Demolition by Cost Component (US$ Million), 2022 - 2026
- Table 41: GlobalData - Water Infrastructure Construction Market Definitions
- Table 42: Exchange Rate, 2017 - 2021
- Table 43: Exchange Rate, 2022 - 2026 Forecast
- List of Figures
- Figure 1: The biggest themes driving growth in the oil and gas industry
- Figure 2: ESG-Environment
- Figure 3: ESG-Social
- Figure 4: Geopolitics
- Figure 5: Supply Chain
- Figure 6: Energy Transition
- Figure 7: Renewable Energy
- Figure 8: Hydrogen
- Figure 9: Carbon Capture & Storage
- Figure 10: Energy Storage
- Figure 11: Electric Vehicles
- Figure 12: Liquefied Natural Gas
- Figure 13: Shale
- Figure 14: Integrated Refineries
- Figure 15: Artificial Intelligence
- Figure 16: Blockchain
- Figure 17: Cloud Computing
- Figure 18: Cybersecurity
- Figure 19: Internet of Things
- Figure 20: Robotics
- Figure 21: The Metaverse
- Figure 22: Our five-step approach for generating a sector scorecard
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