UK markets closed
  • FTSE 100

    7,486.67
    +20.07 (+0.27%)
     
  • FTSE 250

    19,545.70
    +5.40 (+0.03%)
     
  • AIM

    847.07
    +2.68 (+0.32%)
     
  • GBP/EUR

    1.1617
    -0.0017 (-0.15%)
     
  • GBP/USD

    1.2063
    -0.0051 (-0.42%)
     
  • BTC-GBP

    13,710.58
    -4.04 (-0.03%)
     
  • CMC Crypto 200

    386.97
    +4.32 (+1.13%)
     
  • S&P 500

    4,026.12
    -1.14 (-0.03%)
     
  • DOW

    34,347.03
    +152.93 (+0.45%)
     
  • CRUDE OIL

    76.55
    -1.39 (-1.78%)
     
  • GOLD FUTURES

    1,755.00
    +9.40 (+0.54%)
     
  • NIKKEI 225

    28,283.03
    -100.07 (-0.35%)
     
  • HANG SENG

    17,573.58
    -87.32 (-0.49%)
     
  • DAX

    14,541.38
    +1.78 (+0.01%)
     
  • CAC 40

    6,712.48
    +5.16 (+0.08%)
     

Growth Opportunities for the Electrification of Oil & Gas Operations

ReportLinker
ReportLinker

Alongside major trends such as carbon capture, hydrogen production and usage, and energy efficiency, the electrification of oil and gas (O&G) operations using renewable energy sources will be a major area of opportunity for decades to come.

New York, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Growth Opportunities for the Electrification of Oil & Gas Operations" - https://www.reportlinker.com/p06359130/?utm_source=GNW
Globally, governments are looking for solutions across sectors to mitigate climate change and support decarbonization, and the O&G industry holds the biggest opportunities.

The route to decarbonization requires supportive regulatory frameworks that mandate energy efficiency and emission reduction measures across all sectors.

To achieve a low-carbon future, significant economic investment in renewables; hydrogen; bioenergy; carbon capture, storage, and utilization (CCUS); and electrification are required.Despite the significant potential to reduce carbon emissions, the electrification of O&G operations remains nascent.

However, innovation among suppliers and supporting policies and regulatory frameworks from governments will boost adoption.Most electrification technologies are commercially available, yet the high capital costs associated with replacing existing fossil fuel-based infrastructure, high electricity prices, lack of government incentives, and poor awareness are significant barriers to O&G electrification.

But these restraints are changing as decarbonization goals become more urgent and a period of growth for electrification looms.This study explores electrification in the transition to decarbonization of upstream O&G operations.

It examines the key enablers of electrification and opportunities segmented by renewable energy (wind and solar) technology and platform (onshore and offshore) type.

A comprehensive analysis of existing electrification technologies across these sectors is included.
Read the full report: https://www.reportlinker.com/p06359130/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001