At the 2023 ADI Forum, Uday Turaga, CEO, ADI Analytics, highlighted key trends shaping oil and gas, and energy. While oil faced supply constraints, U.S. natural gas growth was limited by infrastructure. This made permitting reforms crucial. Shale remained a cost-competitive player, and the Inflation Reduction Act was accelerating energy transition opportunities in hydrogen, electrification, and carbon capture. However, securing funding for large-scale projects remained a challenge. As the industry evolved, those who adapt would find both challenges and opportunities ahead.
The Inflation Reduction Act was a seminal piece of legislation accelerating the U.S. energy transition. Significant work was done to help stakeholders leverage its elements. In the short term (through mid-2030s), energy transition markets were expected to be niche. This included green/blue hydrogen, electrification, and carbon capture (CCS with some DAC). There was increasing capital flowing into first-of-a-kind plants leveraging these technologies, despite the associated risks.
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ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum.
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