Sustainable Energy as a Value Driver for the Oil and Gas Industry
Oil and gas companies have significant opportunities to improve the efficiency of core operations through new process designs and processing techniques, driving business value through cost reductions based on sustainable energy initiatives. The global oil and gas industry has already made significant improvements in the efficiency of its energy use.
The oil and gas industry also has an important role to play in the global sustainable energy transformation, and these sustainable energy markets represent a new and expanding business opportunity for oil and gas companies to create new revenue streams. Oil and gas companies will be leaders in advanced biofuels development as a means of diversifying, and oil and gas companies are also entering non-transportation renewable markets such as wind and solar.
These actions not only provide for societal improvements, but they also help build brand awareness, strength, and equity. In addition, these are ways to spur and enter into local energy markets.
