Energy Transition: Challenges and Opportunities for the Oil & Gas Industry
The energy sector has been experiencing a massive but gradual shift in recent years toward renewable and low-carbon energy sources. The future of fossil fuels lies in the ability of the industry to adapt to the market, environment, and social trends within the energy transition framework. In this chapter, we review the challenges that the oil and gas industry will be facing in the coming years. We then explore opportunities and growth areas that this transition provides to the industry. This chapter focuses on three areas of digitization and modernization, developing innovative low-carbon fuels, and harnessing underground and offshore facilities and expertise.
- Research Organization:
- National Renewable Energy Laboratory (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE National Renewable Energy Laboratory (NREL)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 1985633
- Report Number(s):
- NREL/CH-5700-86594; MainId:87367; UUID:b2275e9c-f576-47cc-a3e5-90fdae20ddba; MainAdminID:69790
- Country of Publication:
- United States
- Language:
- English
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