Renewable Power in Oil and Gas – Thematic Research
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Following the 2015 Paris Agreement on climate change, an increasing number of countries have pledged to reduce carbon emissions and set themselves emission reduction targets. At the 2019 United Nations Climate Change Conference (COP25), a vision to achieve carbon neutrality by 2050 was proposed and ratified by 73 nations. 2030 is expected to be a benchmark year to evaluate the carbon emission commitments of various countries. These commitments have been attributed to a surge of investments in renewable energy projects because of their low carbon footprint.
The oil and gas EPC vendors are also enabling the energy transition drive and have taken up several projects all over the world to build renewable energy infrastructure. These vendors have leveraged their extensive experience in the oil and gas industry and underlying supply chain, to cater to the growing demand for renewable energy.
The renewable power in oil & gas thematic research report reviews the oil and gas industry leaders for their increasing involvement in renewable power projects. It also provides an overview of the competitive positions held by the leading oil and gas players and EPC contractors in the renewable power theme.
Renewable Power in Oil & Gas: Key Trends
The key trends associated with the renewable power in oil & gas theme can be classified into four categories: oil & gas trends, macroeconomic trends, technology trends, and regulatory trends.
- Oil & Gas trends: Oil and gas diversification into renewables, decarbonization targets for oil and gas companies, and focus on offshore wind by oil and gas companies are some of the major oil & gas trends impacting the renewable power in oil & gas sector.
- Macroeconomic trends: Some of the key macroeconomic trends impacting renewable power in oil & gas theme include the emerging economies of China and India and the creation of green recovery.
- Technology trends – Some of the key technology trends impacting renewable power in oil & gas theme include grids to support variable renewable energy output, declination in the costs of renewable projects, and digitalization in power projects.
- Regulatory trends – The key regulatory trends impacting the renewable power in oil & gas theme include disincentives for fossil fuels and offers from China to promote renewable energy among others.
For more insights on key trends shaping the renewable power in oil & gas theme, download a free report sample
Renewable Power in Oil & Gas Industry Analysis
GlobalData expects global power demand to grow at a CAGR of 2.5% during 2020-2030, with renewable power generation sources meeting most of this increase in demand. This growth makes the market a key target for players across the energy sector, including companies from the oil and gas sector where traditional markets are at risk through the energy transition.
The renewable power in oil & gas industry analysis also covers:
- The Changing Global Power Mix
- Oil and gas companies transitioning to renewables
- Integration of renewables in the oil and gas operations
- Renewable power trends in leading economies
- M&A activities of the oil and gas companies in the renewable sector
- Timeline
Global Power Generation by Renewable Energy Technologies
For more insights on the renewable power in oil & gas industry analysis, download a free report sample
Leading Oil and Gas Companies Associated with the Renewable Power in Oil & Gas Theme
Some of the leading oil and gas companies making their mark are BP, Chevron, China Petroleum & Chemical Corp., Eni, and Equinor. BP is making strong commitments, which are backed by equally notable actions, to achieve net zero emissions by 2050. The company aspires to meet this target through carbon reduction rather than by offsetting.
Leading Equipment and Service Providers Associated with the Renewable Power in Oil & Gas Theme
Aker Solutions, Bechtel, Chiyoda, JGC Holdings, Larsen & Toubro, and Petrofac are some of the leading equipment and service providers associated with the renewable power in oil & gas theme. Larsen & Toubro is primarily a construction company that also caters to the renewable power sector, predominantly in solar energy projects. The company provides EPC services for projects based on concentrated solar power and solar PV technologies, with a significant presence in India and the Middle East.
Renewable Power in Oil & Gas Theme Report Overview
Report Pages | 44 |
Regions Covered | Global |
Key Trends | Oil & Gas Trends, Technology Trends, Macroeconomic Trends, and Regulatory Trends |
Leading Oil and Gas Companies | BP, Chevron, China Petroleum & Chemical Corp., Eni, and Equinor |
Leading Equipment and Service Providers | Aker Solutions, Bechtel, Chiyoda, JGC Holdings, Larsen & Toubro, and Petrofac |
Scope:
- It highlights the various trends influencing the renewable power theme.
- It traces the development of renewable power infrastructure in leading economies across the globe.
- It also analyses the solar and wind power value chains and identifies major players across different segments of both value chains.
Reasons to Buy
- Identify the key industry, technology, macroeconomic, and regulatory trends impacting the global adoption of renewable power.
- Overview of renewable power adoption among leading economies around the world.
- Understand the renewable power value chain and the key players in it.
- Identify and benchmark key oil and gas players and EPC contractors based on their competitive positioning in the renewable power theme.
Table of Contents
Frequently asked questions
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What key oil and gas trends are shaping the renewable power in oil & gas theme?
and gas diversification into renewables, decarbonization targets for oil and gas companies, and focus on offshore wind by oil and gas companies are some of the major oil & gas trends impacting the renewable oil & gas industry.
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What key macroeconomic trends are shaping the renewable power in oil & gas theme?
Some of the key macroeconomic trends impacting renewable power in oil & gas include emerging economies of China and India and creation of green recovery.
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What key macroeconomic trends are shaping the renewable power in oil & gas theme?
Some of the key macroeconomic trends impacting renewable power in oil & gas include emerging economies of China and India and creation of green recovery.
-
What key regulatory trends are shaping the renewable power in oil & gas theme?
The key regulatory trends impacting the renewable power in oil & gas theme include disincentives for fossil fuels and offers from China to promote renewable energy among others.
-
Which oil & gas are leading the market within the renewable power in oil & gas theme?
Some of the leading oil and gas companies making their mark are BP, Chevron, China Petroleum & Chemical Corp., Eni, and Equinor.

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