write a essay on challenges in the future for gas and oil sector
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Answer:
oil and gas in India Industry leaders face the dual challenge of responding to changing environments while managing enterprise-level reorganisation and internal resources, including human resources.
The oil and gas industry in India faces a difficult task in 2021: helping the economy recover quickly while navigating the headwinds of global recession, protectionism, and geopolitical upheaval. Positive signs of recovery and growth were visible in the fourth quarter of 2020, as the government's fiscal and monetary stimuli were translated into increased government and private spending.Furthermore, the oil industry will pursue universal accessibility, availability, and affordability while implementing de-carbonisation and digitalisation. The oil and gas industry, in its public, private, and joint sectors, is ready to welcome 2021 with the resolve of a service industry, armed with mining industry resources and IT industry technology.
Thus, India is expected to consume 265 million tonnes of oil and gas in 2021, indicating a V-shaped recovery year on year. Demand contraction in 2020 will be reversed in 2021. Because product consumption volume will be maintained at 2019 levels, there will be no shortfall in downstream operating capacity.
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Answer:
The essay on the challenges in the future for gas and oil sector is given below.
Explanation:
Challenges in the Future for the Gas and Oil Sector
The oil and gas industry plays an important role in our daily lives and the economy. If oil and gas were not there, we could still live in ancient times since almost all of the advancements that we enjoy in day-to-day life, be it in terms of technology, and infrastructure, among others, is a result of gas and oil. However, we should also not forget that they have their disadvantages also, including global warming and various forms of environmental degradation.
With every new sunrise, the demand for oil and gas increases globally, and there are some challenges that the gas ans oil sectors face. Such as the limited access to the particular quantity of oil and gas resources that are economically recoverable. E, there are enough oil and gas resources to fulfil the future demands; more than 80% of the resources are owned by the National Oil Company and respected governments. These resources are not available to the International Oil Companies. The National Oil Companies account for almost 60% of the largest oil producers globally.
Who controls the oil and gas industry?
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