IBM

Sustainability in the oil and gas (O&G) industry

The O&G sector operates in a unique business environment.

• Whilst demand is declining, the world’s energy mix will continue to require hydrocarbons
• Opportunities to pivot towards clean or new energy solutions at pace are restricted, particularly for NOCs
• Transparency and accountability in ESG reporting and disclosure has become a growing priority for investors and other stakeholders
• NOCs face additional pressure to balance low-carbon initiatives with national economic development and growth
• Sources of greenhouse gas (GHG) emissions are dispersed, but data capture and emission-forecasting methods are mature
• Data security is paramount in this competitive industry