Page 22: of Offshore Engineer Magazine (Mar/Apr 2024)

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MARKETS EXPLORATION © wanfahmy / Adobe Stock

Decarbonization Strategies in the

Ofshore Oil and Gas Industry:

Navigating the Path Forward

In recent years, the oil and gas industry has faced mounting pressure to address its environmental impact. This has led many companies to set decarbonization targets – we are tracking more than 460 targets set by independents, majors, and NOCs across the sector. However, achieving these goals is a complex challenge and uncertainties persist about the most effective strategies to reach said targets. By Fernando Tamayo, Senior Rig Market Analyst, Westwood Global Energy 22 OFFSHORE ENGINEER OEDIGITAL.COM