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Oil and Gas Industry Enters New Investment Cycle with Focus on Sustainability

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Decarbonization News

Oil And Gas Industry,Upstream Sector,Sustainability

The oil and gas industry is entering a new investment cycle where decarbonization and sustainability are key priorities alongside financial resilience.

The upstream oil and gas sector stands on the cusp of entering a new investment cycle one that Rystad Energy has dubbed the 'deliver in uncertainty' cycle where there is set to be an increased focus among players to deliver on sustainability targets while remaining financially robust. The previous cycle, which started amid the Covid-19 pandemic in 2020 and is now ending, threw energy markets into turmoil.

Emission-reduction targets, emission intensity and carbon prices are no longer a novelty in decision-making and portfolio valuation; they are essential parts of a company's strategy. Digitalization has been under the spotlight of the industry and companies for several years, but eventually it became a part of 'business as usual'. Now, digital initiatives are an essential component of project development as they are beneficial in terms of optimizing cost and time.

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