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Global Oil and Gas Industry Outlook and Growth Opportunities, 2024
Global Oil and Gas Industry Outlook and Growth Opportunities, 2024
Transformative Megatrends Drive Oil and Gas Companies to Digitize and Implement Decarbonization Initiatives
RELEASE DATE
12-Jun-2024
12-Jun-2024
REGION
Global
Global
Deliverable Type
Market Outlook
Market Outlook
Research Code: KA1F-01-00-00-00
SKU: EG_2024_792
$4,950.00
In stock
SKU
EG_2024_792
The global energy industry is undergoing an unprecedented transition, bringing exciting new growth opportunities to the oil and gas (O&G) industry. However, shifting to a net-zero future for carbon emissions means many companies struggle with pricing, energy security, and industry disruption.
As the industry moves to meet decarbonization and sustainability goals, Frost & Sullivan has identified five key pillars of opportunity for the energy transition: Carbon Capture, Utilization, and Storage (CCUS); Emissions Management; Automation, Autonomy, and Augmentation; Upstream Electrification; and Future Fuels. Meanwhile, the main challenge of today’s O&G industry is balancing the transition to net zero while meeting the current demand for fossil fuels as efficiently and sustainably as possible.
The competitive landscape for the future O&G industry is also changing, driven by innovation, market transformation, ambitious sustainability goals, and disruptive business models.
Notably, the study offers stakeholders insights and opportunities they can leverage in the dynamic O&G space over the next decade.
Research Highlights
This analysis provides a detailed evaluation of the main transformational trends and growth opportunities we expect to see shaping the O&G industry throughout 2024. The study period is 2023–2035, with 2023 as the base year and 2024–2035 as the forecast period. Regions covered include:
- North America: United States, Canada, and Mexico
- Latin America: Brazil, Venezuela, Argentina, and Colombia
- Europe: United Kingdom, France, Germany, Norway, Netherlands, and Belgium
- Russia and Commonwealth of Independent States: Russia and Kazakhstan
- Asia-Pacific: India, China, Malaysia, Singapore, Australia, and Japan
- Middle East and Africa: Saudi Arabia, United Arab Emirates, Oman, Qatar, Kuwait, Nigeria, Algeria, Egypt, Mozambique, Libya, and Angola
We cover three areas:
- Upstream: O&G, automation, digitalization, electrification
- Midstream: Liquid natural gas
- Decarbonization: Emissions management, hydrogen, CCUS
Author: Mahesh Radhakrishnan
The 2023 Oil and Gas Industry: Forecast vs. Actual
Historical Analytics: Global O&G Industry Upstream Capital Expenditure (CAPEX)
Top Predictions for 2024
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the O&G Industry
Growth Opportunities Fuel the Growth Pipeline EngineTM
Research Scope
What Does the Global O&G Outlook Cover?
2023 Highlights of the Global O&G Industry
2023 O&G Key Performance Indicators (KPIs): Actual
2024 O&G KPIs: Forecast
Trends and Events in Historical Prices for West Texas Intermediate (WTI) and Brent
Global Average Rig Count vs Benchmark Crude Oil Prices
O&G Industry Trends
Trend 1: CCUS an Important Equation in Decarbonization
Trend 1: CCUS an Important Equation in Decarbonization (continued)
Trend 1: CCUS an Important Equation in Decarbonization (continued)
Trend 1: Global CCUS Project Type and Status
Trend 1: CCUS Landscape in the Americas
Trend 1: CCUS Landscape in Europe
Trend 1: CCUS Landscape in APAC
Trend 1: CCUS Landscape in MEA
Trend 1: Direct Air Carbon Capture (DACC)
Trend 1: Endgame Scenarios for Profitable DACC Implementation
Trend 1: CCUS Growth Opportunity Areas
Trend 2: Role of LNG in the Energy Spectrum
Trend 2: Role of LNG in the Energy Spectrum (continued)
Progress on Developing Lower-emission LNG Technologies
Trend 3: O&G Electrification as a Decarbonization Pathway
Trend 3: O&G Electrification as a Decarbonization Pathway (continued)
Trend 3: O&G Electrification as a Decarbonization Pathway (continued)
Trend 3: O&G Electrification as a Decarbonization Pathway (continued)
Trend 3: O&G Electrification as a Decarbonization Pathway (continued)
Trend 3: O&G Electrification as a Decarbonization Pathway (continued)
Trend 4: Growth of the Hydrogen Economy
Trend 4: Growth of the Hydrogen Economy (continued)
Trend 4: Growth of the Hydrogen Economy (continued)
Trend 4: Growth of the Hydrogen Economy (continued)
Trend 4: Growth of the Hydrogen Economy (continued)
Trend 5: O&G Automation
Trend 5: O&G Automation (continued)
Trend 5: O&G Automation (continued)
Trend 5: O&G Automation (continued)
Trend 5: O&G Automation (continued)
Trend 5: O&G Automation (continued)
Trend 5: O&G Automation (continued)
Trend 6: Emissions Management
Trend 6: Emissions Management (continued)
Trend 6: Emissions Management (continued)
Trend 6: Emissions Management (continued)
Trend 6: Emissions Management (continued)
Trend 7: Alternative Fuels—A Catalyst to Decarbonize Hard-to-abate Industries
Trend 7: Low-carbon Alternative Fuels—A Catalyst to Decarbonize Hard-to-abate Industries (continued)
Trend 8: The Role of Drilling Automation in Upstream Operations
Trend 8: Drilling Automation
Trend 8: Drilling Automation (continued)
Top 8 Upstream O&G Predictions for 2024
Global Oil Production Forecast
Natural Gas Production Forecast
O&G Upstream CAPEX Investments
North America
LATAM
Europe
MEA
APAC
Russia and CIS
Growth Opportunity 1: Increased DER and BESS Integration to Drive Electrification Technology Adoption
Growth Opportunity 1: Increased DER and BESS Integration to Drive Electrification Technology Adoption (continued)
Growth Opportunity 2: AI as a Tool to Achieve Sustainability
Growth Opportunity 2: AI as a Tool to Achieve Sustainability (continued)
Growth Opportunity 3: DACC with CO2 Used for SAF
Growth Opportunity 3: DACC with CO2 Used for SAF (continued)
Growth Opportunity 4: Negative-emission Technologies for Achieving the Net-zero Target
Growth Opportunity 4: Negative-emission Technologies for Achieving the Net-zero Target (continued)
Growth Opportunity 5: Modularization of CCUS Plants for Small Industries with Fewer CO2 Emissions
Growth Opportunity 5: Modularization of CCUS Plants for Small Industries with Fewer CO2 Emissions (continued)
Growth Opportunity 6: CCUS Clusters and Hubs for Integrating Different Industrial Clusters
Growth Opportunity 6: CCUS Clusters and Hubs for Integrating Different Industrial Clusters (continued)
Growth Opportunity 7: Floating Storage Regasification Units (FSRUs) for Rapid LNG Supply in Europe
Growth Opportunity 7: Floating Storage Regasification Units (FSRUs) for Rapid LNG Supply in Europe (continued)
Growth Opportunity 8: Blending Blue Hydrogen in Existing NG Pipelines
Growth Opportunity 8: Blending Blue Hydrogen in Existing NG Pipelines (continued)
Growth Opportunity 9: Robotics for Subsea Automation
Growth Opportunity 9: Robotics for Subsea Automation (continued)
Growth Opportunity 10: IoT for Boosting Efficiency and Accuracy
Growth Opportunity 10: IoT for Boosting Efficiency and Accuracy (continued)
Conclusions and Future Outlook
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
The global energy industry is undergoing an unprecedented transition, bringing exciting new growth opportunities to the oil and gas (O&G) industry. However, shifting to a net-zero future for carbon emissions means many companies struggle with pricing, energy security, and industry disruption.
As the industry moves to meet decarbonization and sustainability goals, Frost & Sullivan has identified five key pillars of opportunity for the energy transition: Carbon Capture, Utilization, and Storage (CCUS); Emissions Management; Automation, Autonomy, and Augmentation; Upstream Electrification; and Future Fuels. Meanwhile, the main challenge of today s O&G industry is balancing the transition to net zero while meeting the current demand for fossil fuels as efficiently and sustainably as possible.
The competitive landscape for the future O&G industry is also changing, driven by innovation, market transformation, ambitious sustainability goals, and disruptive business models.
Notably, the study offers stakeholders insights and opportunities they can leverage in the dynamic O&G space over the next decade.--BEGIN PROMO--
Research Highlights
This analysis provides a detailed evaluation of the main transformational trends and growth opportunities we expect to see shaping the O&G industry throughout 2024. The study period is 2023–2035, with 2023 as the base year and 2024–2035 as the forecast period. Regions covered include:
- North America: United States, Canada, and Mexico
- Latin America: Brazil, Venezuela, Argentina, and Colombia
- Europe: United Kingdom, France, Germany, Norway, Netherlands, and Belgium
- Russia and Commonwealth of Independent States: Russia and Kazakhstan
- Asia-Pacific: India, China, Malaysia, Singapore, Australia, and Japan
- Middle East and Africa: Saudi Arabia, United Arab Emirates, Oman, Qatar, Kuwait, Nigeria, Algeria, Egypt, Mozambique, Libya, and Angola
We cover three areas:
- Upstream: O&G, automation, digitalization, electrification
- Midstream: Liquid natural gas
- Decarbonization: Emissions management, hydrogen, CCUS
Author: Mahesh Radhakrishnan
| Deliverable Type | Market Outlook |
|---|---|
| Author | Mahesh Radhakrishnan |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Oil & Gas Industry Growth |
| Keyword 2 | Gas Industry Insights |
| Keyword 3 | Oil Market Opportunities |
| Podcast | No |
| Predecessor | K8AD-01-00-00-00 |
| WIP Number | KA1F-01-00-00-00 |