Energy Transition: Challenges and Opportunities for the Oil & Gas Industry

Soheil Saraji, Dayo Akindipe

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

1 Scopus Citations


The energy sector has been experiencing a massive but gradual shift in recent years toward renewable and low-carbon energy sources. The future of fossil fuels lies in the ability of the industry to adapt to the market, environment, and social trends within the energy transition framework. In this chapter, we review the challenges that the oil and gas industry will be facing in the coming years. We then explore opportunities and growth areas that this transition provides to the industry. This chapter focuses on three areas of digitization and modernization, developing innovative low-carbon fuels, and harnessing underground and offshore facilities and expertise.

Original languageAmerican English
Title of host publicationSustainable Oil and Gas Using Blockchain
Subtitle of host publicationLecture Notes in Energy, Volume 98
EditorsS. Saraji, S. Chen
PublisherSpringer Science and Business Media Deutschland GmbH
Number of pages31
StatePublished - 2023

Publication series

NameLecture Notes in Energy
ISSN (Print)2195-1284
ISSN (Electronic)2195-1292

Bibliographical note

Publisher Copyright:
© 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.

NREL Publication Number

  • NREL/CH-5700-86594


  • Blockchain technology
  • Energy transition
  • Low-carbon fuels
  • Offshore technology
  • Oil and gas industry
  • Underground storage


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