As the energy transition has started gaining traction in the last couple of years, no stone is left unturned when it comes to options for reducing carbon emissions, including electrification of oil and gas assets, carbon capture usage and storage, replacing fossil with renewable sources of energy, and introducing alternative fuels like hydrogen and ammonia.

IEA’s rec ent roadmap on how to transition to a net-zero energy system by 2050 has said that there is no place for new investment in new fossil fuel supply projects. However, oil and gas production is expected to remain significant for decades to come and this is where methods like electrification of assets come in.