Survey shows likely energy transition paths for oil and gas companies

The pathways to decarbonization are many. Deloitte’s latest survey-based study, “Oil and gas business in a low-carbon world,” highlights four main pathways: “Net-zero pioneers” and “green followers” are now setting their sights on green energy, while “low-carbon producers” and “hydrocarbon stalwart” will likely continue to focus on fossil fuel production, but with many of the latter doing so on a decarbonized basis.

47% of oil and gas executives surveyed are currently mapping out near-term decarbonization strategies.
5% of respondents are already shifting to green portfolios.
30% of respondents currently envision remaining solely focused on oil and gas by the 2040s.

RELATED CONTENT

The Biggest Valves: Sizes Growing in Step with Greater Demand

Valve manufacturers that have the expertise, skills, equipment and facilities to produce large valves are rare.
PFAS Chemicals and PTFE: Should the Valve Industry Be Concerned?

Legislation moving through Congress could affect the future use of thousands of PFAS chemicals (per- and polyfluoroalkyl). The house passed H.R. 2467 in July of 2021 and, though the bill is general in nature, it assigns the responsibility to the Environmental Protection Agency (EPA) for determining which PFAS chemicals will be controlled or banned altogether.
The Pulp and Paper Industry

The pulp & paper industry has seen tough times, but the business will still be around for many decades; the product is too much in demand.