Can the blockchain steer the course of oil and gas usage?
Blockchain is emerging as a technology that demands attention within the oil and gas sector, presenting novel approaches to service contracts, review pricing, and support the entirety of the transaction life cycle. That’s according to analysts at GlobalData, which say the blockchain promises potential cost reductions and enhanced process efficiencies. Moreover, it argues the advantages […]
Oil and gas outlook set to be dominated by geopolitics and supply chain dynamics this year
The oil and gas industry has witnessed a considerable upheaval in its supply chains amid the protracted Russia-Ukraine conflict and renewed tensions in the Middle East. Both of these conflicts could potentially disrupt global oil and gas supplies in 2024, and hence, the themes of geopolitics and supply chains are the hot topics for this […]
Carbon emissions reduction ‘requires rigorous compliance’ to net zero strategies
The carbon-intensive oil and gas industry is undergoing massive disruption with more countries and companies trying to implement net zero emissions by 2050 – but tackling emissions and supporting low-carbon industries will require a combination of well-designed regulation and increased investment in decarbonisation. That’s according to GlobalData, which cites that greenhouse gas (GHG) emissions generated […]
Oil and gas giants taking ‘measured’ steps for energy transition
Oil and gas industry leaders are steadily incorporating transition fuels as well as low-carbon and zero-carbon energy sources into their portfolios, with the contributions of those fuels ‘pivotal’ for a successful energy transition and mitigation of carbon emissions. GlobalData’s thematic report, “Energy Transition in Oil & Gas,” reveals that major oil companies such as BP, […]
Should you choose oil or gas for your business?
As the threat of climate change continues to gather pace, one of the burning questions of our time remains: ‘how can we create a greener, more sustainable future that still allows businesses to thrive?’ Here, Flogas, examine the debate currently gaining traction. Central to solving this challenge is energy usage, and the fuel we depend on […]