This IDC Perspective looks at the energy transition state of worldwide O&G companies, highlighting how they are adopting AI to boost business processes and asset operations in line with their larger net zero goals. It outlines O&G companies' net zero ambitions, commitments, and timelines, their key energy transition projects, and their maturity across some key low-carbon initiatives. In addition, it showcases how AI is taking center stage in the energy transition talks of O&G leaders. This report also utilizes a few data points from IDC's Energy Transition Survey, October 2024."By converting data challenges into AI-impact opportunities, O&G companies will be better positioned to meet climate goals while maintaining operational excellence." Gaurav Verma, research director, IDC Energy Insights.
Executive Snapshot
Situation Overview
Net Zero Ambitions: Commitments Versus Timelines
Major Energy Transition Initiatives for O&G
O&G Companies' Maturity Across Some Key Low-Carbon Initiatives
Operational Decarbonization and Process-Related Energy Efficiency as the Key Starting Point in the Energy Transition
AI is Taking Center Stage in the Energy Transition Talks of O&G Leaders
AI Optimizing Business Processes and Operations to Drive Energy Transition in O&G
Beyond Low-Carbon Asset Operations: CCUS is a Growing Frontier and Major Candidate for AI Innovation
True Potential of AI Beyond Mere System Upgrades
AI to Boost Full Spectrum Emissions Management
Advice for the Technology Buyer
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