Oil and Gas Industry Outlook

Presented by

Suchitra Sriram, Associate Director, Energy & Environment

About this talk

Companies in the oil and gas industry continue to face headwinds in keeping pace with evolving industry trends such as decarbonization, digitalization, fluctuating commodity prices, unpredictable market demand, climate change concerns, intense competition from renewable energy sources, aging assets, etc. The industry is also afflicted by increasing pressure to improve sustainability. Against this background, can the oil & gas companies target to achieve carbon neutrality? What will it take for the companies to achieve that goal? Frost & Sullivan has identified five key market trends that will shape the future of the oil and gas industry. This includes the emergence of carbon capture and storage technology, industrial electrification, role of LNG in the energy spectrum, rise of the hydrogen economy and automation in the oil & gas industry.
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Our Energy & Environment team works closely with the world’s largest OEMs, utilities, service providers and technology firms to help find growth opportunities. Our experts and growth consultants constantly engage with markets from power and energy to environment and sustainability to building technology and facilities management to access solutions across all sectors of the global economy. With our unparalleled analysis, we help you implement strategies that drive transformational growth in this dynamic industry.