Outlook 2023: Top 10 Predictions for the Oil & Gas Industry
Outlook 2023: Top 10 Predictions for the Oil & Gas Industry
Energy Transition and Decarbonization Goals to Drive Innovation and Sustainability Initiatives
14-Dec-2022
Global
Description
The global energy industry is going through an unprecedented transition period, and this change is bringing exciting new growth opportunities to the oil and gas (O&G) sector. However, the shift to a net-zero future for carbon emissions means many companies are also facing pricing, energy security, and industry disruption struggles. The energy industry was scarcely out of the news headlines in 2022, specifically regarding price fluctuations, supply challenges, security issues, and demand growth. 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. Meanwhile, the competitive landscape for the future O&G industry is also changing. It is driven by innovation, market transformation, ambitious sustainability goals, and disruptive business models.
The Frost & Sullivan oil & gas team specifically works to identify substantial transformative trends, innovations and growth opportunities. In this study, we provide a concise snapshot of the 10 most dynamic trends and opportunities that we expect to see shaping the O&G industry throughout 2023.
Table of Contents
Top 10 Predictions
- Outlook 2023: Top 10 Predictions
Industries | Energy |
---|---|
No Index | No |
Is Prebook | No |
Keyword 1 | oil and gas industry |
Keyword 2 | future of oil and gas industry |
Keyword 3 | oil and gas industry trends |
Podcast | No |
WIP Number | K85D-01-00-00-00 |