Shifting strategic imperatives of the oil and gas industry | World ...
Jul 5, 2021 · Companies in the oil and gas industry have used automation and data processing for decades. For example, two of the top 10 world’s most powerful supercomputers are owned and used by oil and gas companies. Some analysts suggest that because of these experiences, many oil and gas companies believe they are already up to speed with digital ...
Why oil prices matter to the global economy - an expert explains ...
Feb 16, 2022 · Maciej Kolaczkowski, Manager Oil and Gas Industry from the World Economic Forum's Energy, Materials, Infrastructure Platform, outlines the key factors which determine oil prices, their impact on the global economy and implications for the energy transition.
The oil and gas sector must reinvent itself. Here's one way
Dec 8, 2020 · The global oil and gas industry has faced difficult times before, but the situation it confronts in 2020 is unprecedented. The short-term outlook is complex, as the erosion of demand caused by the COVID-19 pandemic has staggered an already challenged industry.
Oil and gas sector: lifecycle approach to reducing emissions
Aug 25, 2021 · The oil and gas industry is striving to minimize its own emissions as well as those from the entire life cycle of its products. Own emissions – scope 1 and 2 – are well understood and a lot of effort to eliminate them is ongoing, from eliminating flaring, through to eliminating waste, to fuel-switching and CCUS.
What to do with ageing oil and gas platforms - The World …
Apr 2, 2024 · The World Economic Forum’s Fostering Effective Energy Transition 2023 ranks 120 countries, including oil and gas-producing economies, on their energy systems. Oil and gas platforms are immense – and so is the challenge of decommissioning them – …
Future of Oil & Gas - The World Economic Forum
Apr 20, 2016 · The World Economic Forum’s Global Agenda Council on the Future of Oil & Gas considers strategies that can be deemed to be robust for the oil and gas industry in a future 2°C world towards 2040 as well as most alternative futures.
How does the war in Ukraine affect oil prices?
Mar 4, 2022 · Two weeks ago when oil prices were approaching $100, Maciej Kolaczkowski, Manager Oil and Gas Industry from the World Economic Forum's Energy, Materials, Infrastructure Platform, explained the impacts on inflation and the key factors determining oil prices, how prices affect the global economy and the implications for the energy transition. He ...
Oil and gas industry net-zero tracker - The World Economic Forum
Nov 28, 2023 · The ability of oil and wholesale gas buyers to absorb a green premium of 7-10% remains untested at scale as low-emission oil and gas represents less than 1% of global supply. 468 A 10% increase in production costs leads to 3-10% green premium for end users. 469 Historically, the market has shown limited price elasticity of demand, indicating ...
We can end routine gas flaring by 2030. Here's how
Feb 23, 2021 · While oil production has increased by 37% over the last 23 years, the amount of associated gas flared has decreased by 9%. Without a doubt, this is a positive development and a gradual decoupling of a long-standing correlation between oil production and flaring.
Cyber-attack on the US oil and gas pipeline: what it means | World ...
May 10, 2021 · The increasing digitalization of critical infrastructure sectors such as oil and gas, and the associated industrial systems, is changing the nature of cyber risks. As digitalization drives growth and transition to net-zero emissions, the energy sector’s ecosystem has become increasingly decentralized and complex.