Detailed Record



Energy Transition: Challenges and Opportunities for the Oil & Gas Industry


Abstract 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.
Authors Soheil Saraji University of WyomingORCID , Dayo Akindipe University of WyomingORCID
Journal Info Springer International Publishing | Sustainable Oil and Gas Using Blockchain , pages: 3 - 33
Publication Date 5/16/2023
ISSN 2195-1284
TypeKeyword Image book-chapter
Open Access closed Closed Access
DOI https://doi.org/10.1007/978-3-031-30697-6_1
KeywordsKeyword Image Energy Transitions (Score: 0.597093)