Europe’s Oil and Gas Giants Juggle Security, Sustainability
The 2023 ISG Provider Lens™ Oil and Gas Industry – Services and Solutions report for Europe finds that the continent is striving to reduce its reliance on oil and gas imports while committing to an energy transition that includes carbon capture, utilization and storage (CCUS), among other top priorities.
- The 2023 ISG Provider Lens™ Oil and Gas Industry – Services and Solutions report for Europe finds that the continent is striving to reduce its reliance on oil and gas imports while committing to an energy transition that includes carbon capture, utilization and storage (CCUS), among other top priorities.
- CCUS is an area of significant investment for many oil and gas players and governments, with multi-billion-dollar investment plans announced, the ISG report says.
- “Energy transition is an emerging segment that is currently dominated by large global IT players,” said Julien Escribe, partner, ISG, SEMEA.
- In response to European policies, the continent’s oil majors have aligned with the ambitious net-zero pursuit, the ISG report says.