Net Zero Strategies in Oil and Gas – Thematic Intelligence

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Reasons to buy the Net Zero Strategies in Oil and Gas thematic intelligence report:

  • Get an overview of the emissions emanating from the oil and gas industry.
  • Learn about the strategies adopted by oil and gas companies to reduce carbon emissions.
  • Rank industry leaders on their decarbonization efforts.
  • Elucidate the importance of a net zero strategy in the oil and gas sector.

How is our Net Zero Strategies in Oil and Gas report unique from other reports in the market?

  • Discuss the impact of GHG emissions by oil and gas companies along with strategies adopted to mitigate such emissions.
  • Evaluate the various scopes of emission emanating from the oil and gas industry.
  • Benchmark the leading carbon companies based on their emissions intensity and net zero commitments.

We recommend this valuable source of information to anyone involved in: 

  • ​​Oil and Gas Companies/Start-ups with an Interest in the O&G Sector
  • Contractors/Engineers
  • Equipment/Materials Suppliers
  • Service providers/Technology Suppliers
  • Upstream, Midstream, and Downstream Producers
  • C-suite Executives/Business Strategists or BD Team Leads of O&G and Energy Transition Companies
  • Investment Banks/Consultants

To Get a Snapshot of the Net Zero Strategies in Oil and Gas Thematic Report

Download a Free Report Sample

Net Zero Strategies in Oil and Gas Thematic Overview

Greenhouse gas (GHG) emissions generated by oil and gas operations accounted for 15% of total energy-related emissions worldwide in 2022. These are known as Scope 1 & 2 emissions. A further percentage of energy-related emissions, also known as Scope 3 emissions, came from the use of oil and gas for power generation, heating, vehicle fuel, and industrial processes. Most net-zero targets set by oil and gas companies cover Scope 1 and 2 emissions. To reduce such emissions, oil and gas companies are reducing their gas flaring and leakage, investing in carbon capture and storage, and powering platforms with renewables.

The oil and gas sector faces severe disruption as more countries and industries decarbonize. Developed countries are aiming for net zero by 2050 while developing countries like China and India are aiming for 2060 and 2070, respectively. The Net Zero Strategies in Oil and Gas thematic report provides an overview of the emissions emanating from the oil and gas industry as well as the targets that oil and gas firms have come up with to battle emissions.

Buy the Full Report to know more about the Net Zero Strategies in the Oil and Gas Market

Download A Free Report Sample

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Oil & Gas Sector Emissions Overview

Global energy-related GHG emissions reached an all-time high in 2022. Operations like coal, oil, and natural gas use, as well as industrial processes, contributed to global energy-related GHG emissions of CO2 and methane. The US has the highest CO2 emissions from oil and gas operations. Operational emissions intensity for natural gas production is predominantly driven by the release of methane. Several countries and regulatory jurisdictions are introducing emissions trading systems or enhancing existing ones. The EU is expanding emissions trading to shipping and road transport by phasing out free emissions allowances and introducing a carbon import tax. China is expanding its emissions trading system to more of its industry. The UK is adding shipping and waste to its ETS and planning to remove free allowances for aviation, power, and high-emitting industries.

Global Energy-Related GHG Emissions, 2000-2022

Global Energy-Related GHG Emissions, 2000-2022

Buy the Full Report for More Oil & Gas Emissions Overview

Download A Free Report Sample

Net Zero Strategies by Company

Energy-transition-related M&A deals increased significantly from 2020 to 2022. TotalEnergies acquired the greatest number of deals including the acquisition of the business and commercial units of solar developer SunPower. Some companies have also divested some of their high-emitting assets thus reducing their contribution to emission. Besides TotalEnergies, energy transition-related M&A deals were also acquired by Equinor, Repsol, Chevron Technology Venture, and others.

Leading Companies with the Highest Number of Energy Transition-Related M&A Deals

Leading Companies with the Highest Number of Energy Transition-Related M&A Deals

Buy the Full Report for More Company-Wise Net Zero Strategy Analysis in Oil and Gas Industry

Download A Free Report Sample

Integrated Oil and Gas Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.

The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.

The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.

The risk screen ranks companies within a particular sector based on overall investment risk.

Integrated Oil and Gas Sector Scorecard – Thematic Screen

Integrated Oil and Gas Sector Scorecard – Thematic Screen

Buy the Full Report to Know More about the Score Card Analysis in the Oil & Gas Net Zero Strategies

Download A Free Report Sample


Table of Contents

Executive Summary 3

Who is winning the race to net zero? 7

Overview of oil & gas sector emissions 8

Methane is a significant GHG across natural gas and oil production 11

GHG emissions are broken down into Scopes 1, 2 and 3 13

Emissions across the O&G value chain 15

Net zero strategies by company 16

Evaluating emissions targets 20

Sector scorecards 31

Appendix: Emissions targets by company 36

Appendix: Our thematic research methodology 40

About GlobalData 43

Contact us 46

Frequently asked questions

Net Zero Strategies in Oil and Gas – Thematic Intelligence thematic reports
Currency USD

Can be used by individual purchaser only


Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Net Zero Strategies in Oil and Gas – Thematic Intelligence was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Net Zero Strategies in Oil and Gas – Thematic Intelligence in real time.

  • Access a live Net Zero Strategies in Oil and Gas – Thematic Intelligence dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.