Oil, Gas Companies Preparing For The Impact Of The Energy Transition
Renewable energy methods such as solar and wind will almost certainly impact the amount of oil and gas consumed and therefore could lower pricing, some experts believe.
The concern about how methane emissions adversely affects Earth’s atmosphere has all but ensured an energy transition is on the way, and there is little doubt the oil and gas industry will be impacted in some way.
But when that day will arrive and what impact it will have fossil fuels industry are still very much speculative. All the while, oil and gas companies are left trying to figure out their place in the transition and, in some cases, also how to make space for renewables within their company structure.