Despite economic uncertainty, geopolitical instability and ongoing supply-chain disruptions, the oil and gas industry is financially strong and well positioned to drive change, according to Deloitte in its new report, Striking the Balance: How and Where Will O&G Producers Deploy their Cash?, which examines how oil and gas companies can play a key role during the next decade in creating synergy between energy security and energy transition, while helping commercialize essential low-carbon technologies.
According to the study, the ongoing energy readjustment is likely to keep prices elevated for a while, possibly resulting in record cash flows and helping the industry to strike a healthy balance between energy security, diversification and tran