Abstract
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 language | American English |
|---|---|
| Title of host publication | Sustainable Oil and Gas Using Blockchain |
| Subtitle of host publication | Lecture Notes in Energy, Volume 98 |
| Editors | S. Saraji, S. Chen |
| Publisher | Springer Science and Business Media Deutschland GmbH |
| Pages | 3-33 |
| Number of pages | 31 |
| DOIs | |
| State | Published - 2023 |
Publication series
| Name | Lecture Notes in Energy |
|---|---|
| Volume | 98 |
| 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
Keywords
- Blockchain technology
- Energy transition
- Low-carbon fuels
- Offshore technology
- Oil and gas industry
- Underground storage