Differentiated natural gas provides the oil & gas industry with the opportunity to join the low-carbon economy and gain market share. Existing programs and frameworks like OGMP 2.0 can help companies get on the fast track.
The energy transition is happening now; while the increasingly climate-conscious world may initially appear as a threat to the oil & gas industry, in reality, it provides a market opportunity on which the industry can capitalize. Disclosure of emission reduction initiatives and net zero intentions is becoming more common within the industry. However, declaring net zero goals is not enough to differentiate product and maximize market share; emission reduction claims require action and evidence. Continuing with status quo practices lacking transparency risks asset value.