Summary of Oil and Gas Companies Are Facing Major Technological Disruption

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Oil and Gas Companies Are Facing Major Technological Disruption summary
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As climate change gains momentum, corporations and communities are exploring new technologies and alternative power sources that are radically disrupting the energy industry. Even the heavyweights of the oil and gas industry are drilling for cleaner methods of production. By probing several isolated examples of this global quest, Economist Films offers a wellspring of colorful case studies that depict the energy industry’s current state of play. getAbstract recommends this light overview to consumers concerned about climate change and the future of energy security.

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Economist Films, a unit of The Economist magazine, produces documentaries that investigate economic, social and political issues.

 

Summary

The world derives more than 80% of its energy from fossil fuel. Due to the threat of climate change, society is urging the $5 trillion energy industry to develop cleaner ways to generate power. Since 2008, the value of the world’s largest power suppliers has halved. These companies are striving to redefine themselves. Statoil, a Norwegian energy giant, aims to become the world’s “most carbon-efficient oil and gas producer.” It has created the first offshore carbon-capture storage plant, which strips carbon dioxide from extracted gas and pumps it below the Earth’s surface, where it remains stored for perpetuity...


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