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Energy Transition Growth Opportunities for Oil and Gas (O&G) Service Companies, 2023
Energy Transition Growth Opportunities for Oil and Gas (O&G) Service Companies, 2023
Transformative Mega Trends and Decarbonization Goals Drive Corporate Strategies Toward Sustainability
10-Nov-2023
Global
Market Research
Description
Energy transition, which refers to the shift from fossil fuel-based systems to zero-carbon solutions, is a complex process for the global energy industry, including suppliers and users. Timelines for eliminating carbon from energy systems vary by region, but most goals—including the Paris Agreement—focus on achieving net zero by the second half of the 21st century.
O&G service and solution companies are at the forefront of change and driving innovation to bring new decarbonization solutions to markets worldwide. The O&G industry has a major negative environmental impact because of its production and use of fossil fuels and the high volume of carbon emissions produced from daily activities. The industry is under pressure to transform by finding ways to address global energy demand growth while reducing its environmental toll.
In this report, Frost & Sullivan studies the innovations and strategies of major O&G service companies around six key pillars of the energy transition: automation; renewable energy; hydrogen production; carbon capture, utilization, and storage; process electrification; and emissions management. We assess the global energy transition in the following regions: the Americas, Europe, the Middle East and Africa, Asia-Pacific, and the Rest of the World. The study period is 2020–2030, and the forecast period is 2023–2030, using 2022 as the base year.
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Energy Transition in the Global O&G Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Market Definitions
Energy Transition Pillars
Energy Transition Progress by Key Growth Pillar
Energy Transition Progress by Key Region
Energy Transition Progress by Company
Transition Pillar 1—Emissions Management
Transition Pillar 1—Emissions Management (continued)
Transition Pillar 1—Emissions Management (continued)
Transition Pillar 2—Automation
Transition Pillar 2—Automation (continued)
Transition Pillar 2—Automation (continued)
Transition Pillar 3—Electrification
Transition Pillar 3—Electrification (continued)
Transition Pillar 3—Electrification (continued)
Transition Pillar 4—Renewable Energy
Transition Pillar 4—Renewable Energy (continued)
Transition Pillar 4—Renewable Energy (continued)
Transition Pillar 5—Hydrogen
Transition Pillar 5—Hydrogen (continued)
Transition Pillar 5—Hydrogen (continued)
Transition Pillar 5—Hydrogen (continued)
Transition Pillar 6—CCUS
Transition Pillar 6—CCUS (continued)
Transition Pillar 6—CCUS (continued)
Transition Pillar 6—CCUS (continued)
Halliburton
Halliburton (continued)
Halliburton (continued)
Baker Hughes
Baker Hughes (continued)
Baker Hughes (continued)
SLB
SLB (continued)
SLB (continued)
Emerson
Emerson (continued)
Emerson (continued)
ABB
ABB (continued)
ABB (continued)
Honeywell
Honeywell (continued)
Honeywell (continued)
Rockwell Automation
Rockwell Automation (continued)
Rockwell Automation (continued)
Saipem
Saipem (continued)
Saipem (continued)
Growth Opportunity 1: PEMS for Emissions Management
Growth Opportunity 1: PEMS for Emissions Management (continued)
Growth Opportunity 2: Automation Technologies Applied to Drilling Process for Efficiency Optimization
Growth Opportunity 2: Automation Technologies Applied to Drilling Process for Efficiency Optimization (continued)
Growth Opportunity 3: Floating Wind Farms for Offshore Electrification
Growth Opportunity 3: Floating Wind Farms for Offshore Electrification (continued)
Growth Opportunity 4: Floating Solar Energy
Growth Opportunity 4: Floating Solar Energy (continued)
Growth Opportunity 5: DAC as a Carbon Capture Alternative
Growth Opportunity 5: DAC as a Carbon Capture Alternative (continued)
Growth Opportunity 6: Advanced Electrolysis for Hydrogen Scalability
Growth Opportunity 6: Advanced Electrolysis for Hydrogen Scalability (continued)
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Why Frost, Why Now?
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| Deliverable Type | Market Research |
|---|---|
| Author | Agustina DeSarriera |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Oil And Gas Service Industry Analysis |
| Keyword 2 | Energy Transition Trends |
| Keyword 3 | Global Energy Transition Analysis |
| Podcast | No |
| WIP Number | K91E-01-00-00-00 |