More oil and gas companies than every are taking action to decarbonise, with the proportion expecting to increase or maintain investment in decarbonisation rising from 54% to 71% in 12 months.
That’s according to newly published research by DNV GL. New Directions, Complex Choices: The outlook for the oil and gas industry in 2020, is based on a survey of more than 1,000 senior oil and gas professionals and in-depth interviews with industry executives.
The research suggests that significantly, more companies are pursuing multiple routes, including diversifying into renewable energy, decarbonising oil and gas production, and increasing investment in decarbonised gas such as hydrogen.
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