Top 20 Oil and Gas Themes - Thematic Intelligence

Top 20 Oil and Gas Themes - Thematic Intelligence


Summary
In this report, we identify the top 20 themes that would impact the oil and gas industry in 2023. For each theme, we offer a series of predictions, highlight the winners, and point you to further reading.

Scope
  • We classify our top 20 themes for 2023 into four categories: industry, technology, ESG, and macroeconomic themes.
  • The ESG themes will be pivotal for the oil and gas industry in 2023, as oil and gas companies pursue newer industry themes such as energy transition, renewable energy, hydrogen, carbon capture and storage (CCS), energy storage, and electric vehicles (EV) while managing traditional themes such as liquefied natural gas (LNG), shale, and integrated refineries.
  • This report also features disruptive tech themes impacting the oil and gas industry in 2023. These include artificial intelligence (AI), blockchain, cloud computing, cybersecurity, the Internet of Things (IoT), robotics, and the metaverse.
Reasons to Buy
  • Companies who invest in the right themes become success stories; those who miss the big themes end up as failures. Given that so many themes are disruptive, it is very easy to be blindsided by industry outsiders who invade your sector.
  • This report is a multi-theme report covering 20 themes, drawn from industry, technology, ESG, and macroeconomic themes. It depicts a short-term outlook for the industry from the perspective of these 20 themes.


Executive Summary
2023 Theme Map
Viewing the world’s data by theme helps you make important decisions
ESG-Environment
Companies will continue to fulfill environmental obligations
Long-term strategies are key to mitigating carbon emissions
Government incentives enabling the transition
Winners
Further reading
ESG-Social
The prevailing disruptions in the energy sector could boost job creation
Companies may extend social outreach after a hugely profitable year
Digitalization is transforming worker safety in oil & gas
Winners
Further reading
Geopolitics
The Ukraine conflict has put global energy security in the limelight
Geopolitical instability and the resulting inflation weigh on finances globally
China is emerging as the new power broker in the geopolitics of energy supply
Winners
Further reading
Supply Chain
Supply chain reorganization will continue in 2023
Meeting energy needs will take precedence over curbing supply chain emissions
Digitalization will make oil and gas supply chains more agile
Winners
Further reading
Energy Transition
Major economies will hasten the energy transition
Oil majors expected to double down on their ET investments
Regulatory mismatches will persist despite global consensus on decarbonization
Winners
Further reading
Renewable Energy
Solar power will continue to get more affordable to consumers
Investments in offshore wind will continue in Europe and North America
Technology developments will continue to drive down operational costs
Winners
Further reading
Hydrogen
Green hydrogen capacity is expected to grow at a high rate
High leveraged costs might be a cause for consumer hesitation in the near term
Newer applications of hydrogen will take time to establish themselves
Technological innovations are expected to increase in the hydrogen theme
Winners
Further reading
Carbon Capture & Storage
Favorable incentives and government finance lay the groundwork for CCS adoption
The prospect of low-carbon hydrogen with CCS technology
The CCS industry is working to reduce costs and expand storage capacities
Winners
Further reading
Energy Storage
The boom in renewable power projects will continue to propel energy storage
Grid-scale storage will pick up in major economies
AI will play a crucial role in energy storage system deployment
Winners
Further reading
Electric Vehicles
Electric vehicle sales are expected to grow exponentially in this decade
Oil and gas companies are gradually making inroads into the EV space
The charging network is expected to grow to keep pace with EV sales
Winners
Further reading
Liquefied Natural Gas
LNG will be in high demand throughout 2023, while supply could be limited
Favorable regulatory environment expected for upcoming projects
LNG is becoming a critical supply source for decarbonizing global industries
Winners
Further reading
Shale
Shale drillers would continue to reap rewards from elevated energy prices
Shale output is expected to show modest growth in 2023 amid rising costs
Considerations for carbon neutrality may take a back seat momentarily
Winners
Further reading
Integrated Refineries
Global integrated refinery capacity growth is expected to remain steady
Growing global demand for petrochemicals will incentivize integrated refineries
Russo-Ukrainian conflict is causing major disruption to downstream supply chains
Winners
Further reading
Artificial Intelligence
Artificial intelligence will make the industry more agile
AI to play a key role in the oil & gas industry’s net-zero goals and energy transition
AI will complement health and safety policies in the oil & gas industry
Winners
Further reading
Blockchain
Blockchain can pave the way for an accountable energy transition
Growing blockchain adoption will influence existing supply chain models
Hesitance from government entities will lead to a hindrance in adoption
Winners
Further reading
Cloud Computing
Oil and gas companies are expected to increase the adoption of cloud computing
Rising digitalization in oil and gas will facilitate wider adoption of cloud computing
The emergence of edge computing can lay the groundwork for hybrid models
Winners
Further reading
Cybersecurity
Inertia within the oil and gas industry concerning cybersecurity can prove disastrous
Collaboration between key stakeholders critical to avert future cybersecurity attacks
Upskilling the oil and gas workforce with cybersecurity will take precedence
Winners
Further reading
Internet of Things
Asset management and predictive maintenance will take precedence
IoT sensors will help in keeping tabs on ESG performance
Tools with broader functionalities would enable deeper industry penetration of IoT
Winners
Further reading
Robotics
Broader adoption of robotic use cases expected in the oil and gas industry
The easing of drone policies will lead to a rise in adoption
The widespread integration of robotics and AI is imminent
Winners
Further reading
The Metaverse
The metaverse can help improve productivity in the oil and gas industry
The metaverse has a strong potential in oil and gas workforce training
The metaverse could become an integral part of oil and gas operations
Winners
Further Reading
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
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List of Tables
Table 1: Greece Water Infrastructure Construction Output Value (EUR Million), 2017 - 2021
Table 2: Greece Water Infrastructure Construction Output Value (US$ Million), 2017 - 2021
Table 3: Greece Water Infrastructure Construction Output Value (EUR Million), 2021 - 2026
Table 4: Greece Water Infrastructure Construction Output Value (US$ Million), 2021 - 2026
Table 5: Greece Water Infrastructure Construction Output, by Cost Component (EUR Million), 2017 - 2021
Table 6: Greece Water Infrastructure Construction Output, by Cost Component (US$ Million), 2017 - 2021
Table 7: Greece Water Infrastructure Construction Output, by Cost Component (EUR Million), 2022 - 2026
Table 8: Greece Water Infrastructure Construction Output, by Cost Component (US$ Million), 2022 - 2026
Table 9: Greece Water Infrastructure Construction Output Value, New Construction (EUR Million), 2017 - 2021
Table 10: Greece Water Infrastructure Construction Output Value, New Construction (US$ Million), 2017 - 2021
Table 11: Greece Water Infrastructure Construction Output Value, New Construction (EUR Million), 2021- 2026
Table 12: Greece Water Infrastructure Construction Output Value, New Construction (US$ Million), 2021- 2026
Table 13: Greece Water Infrastructure Construction Output, New Construction by Cost Component (EUR Million), 2017 - 2021
Table 14: Greece Water Infrastructure Construction Output, New Construction by Cost Component (US$ Million), 2017 - 2021
Table 15: Greece Water Infrastructure Construction Output, New Construction by Cost Component (EUR Million), 2022 - 2026
Table 16: Greece Water Infrastructure Construction Output, New Construction by Cost Component (US$ Million), 2022 - 2026
Table 17: Greece Water Infrastructure Construction Output Value, Repair and Maintenance (EUR Million), 2017 - 2021
Table 18: Greece Water Infrastructure Construction Output Value, Repair and Maintenance (US$ Million), 2017 - 2021
Table 19: Greece Water Infrastructure Construction Output Value, Repair and Maintenance (EUR Million), 2021 - 2026
Table 20: Greece Water Infrastructure Construction Output Value, Repair and Maintenance (US$ Million), 2021 - 2026
Table 21: Greece Water Infrastructure Construction Output, Repair and Maintenance by Cost Component (EUR Million), 2017 - 2021
Table 22: Greece Water Infrastructure Construction Output, Repair and Maintenance by Cost Component (US$ Million), 2017 - 2021
Table 23: Greece Water Infrastructure Construction Output, Repair and Maintenance by Cost Component (EUR Million), 2022 - 2026
Table 24: Greece Water Infrastructure Construction Output, Repair and Maintenance by Cost Component (US$ Million), 2022 - 2026
Table 25: Greece Water Infrastructure Construction Output Value, Refurbishment (EUR Million), 2017 - 2021
Table 26: Greece Water Infrastructure Construction Output Value, Refurbishment (US$ Million), 2017 - 2021
Table 27: Greece Water Infrastructure Construction Output Value, Refurbishment (EUR Million), 2021 - 2026
Table 28: Greece Water Infrastructure Construction Output Value, Refurbishment (US$ Million), 2021- 2026
Table 29: Greece Water Infrastructure Construction Output, Refurbishment by Cost Component (EUR Million), 2017 - 2021
Table 30: Greece Water Infrastructure Construction Output, Refurbishment by Cost Component (US$ Million), 2017 - 2021
Table 31: Greece Water Infrastructure Construction Output, Refurbishment by Cost Component (EUR Million), 2022 - 2026
Table 32: Greece Water Infrastructure Construction Output, Refurbishment by Cost Component (US$ Million), 2022 - 2026
Table 33: Greece Water Infrastructure Construction Output Value, Demolition (EUR Million), 2017 - 2021
Table 34: Greece Water Infrastructure Construction Output Value, Demolition (US$ Million), 2017 - 2021
Table 35: Greece Water Infrastructure Construction Output Value, Demolition (EUR Million), 2021 - 2026
Table 36: Greece Water Infrastructure Construction Output Value, Demolition (US$ Million), 2021 - 2026
Table 37: Greece Water Infrastructure Construction Output, Demolition by Cost Component (EUR Million), 2017 - 2021
Table 38: Greece Water Infrastructure Construction Output, Demolition by Cost Component (US$ Million), 2017 - 2021
Table 39: Greece Water Infrastructure Construction Output, Demolition by Cost Component (EUR Million), 2022 - 2026
Table 40: Greece Water Infrastructure Construction Output, Demolition by Cost Component (US$ Million), 2022 - 2026
Table 41: GlobalData - Water Infrastructure Construction Market Definitions
Table 42: Exchange Rate, 2017 - 2021
Table 43: Exchange Rate, 2022 - 2026 Forecast
List of Figures
Figure 1: The biggest themes driving growth in the oil and gas industry
Figure 2: ESG-Environment
Figure 3: ESG-Social
Figure 4: Geopolitics
Figure 5: Supply Chain
Figure 6: Energy Transition
Figure 7: Renewable Energy
Figure 8: Hydrogen
Figure 9: Carbon Capture & Storage
Figure 10: Energy Storage
Figure 11: Electric Vehicles
Figure 12: Liquefied Natural Gas
Figure 13: Shale
Figure 14: Integrated Refineries
Figure 15: Artificial Intelligence
Figure 16: Blockchain
Figure 17: Cloud Computing
Figure 18: Cybersecurity
Figure 19: Internet of Things
Figure 20: Robotics
Figure 21: The Metaverse
Figure 22: Our five-step approach for generating a sector scorecard

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