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According to the 2021 Oil and Gas Global Market Report released by W7Worldwide, the global market will increase from $4.
68 trillion in 2020 to $5.
87 trillion in 2021 and $7.
43 trillion by 2025, with a compound annual growth rate of 6%.
The oil and gas industry is developing a circular economy to improve the sustainability of its operations and help combat climate change
.
The circular economy offers a market opportunity
of more than $4.
5 trillion by 2030.
Saudi Arabia, for example, used its G20 presidency years to promote its circular carbon economy plan
.
As part of the Vision 2030 plan, the country was the first to
export blue hydrogen for zero-carbon power generation.
Saudi Arabia aims to take the lead in supply in the
fast-growing hydrogen market.
Abdulrahman Inayat, co-founder and director of W7Worldwide, emphasized: "Public opinion has been playing an important role
in the oil and gas industry around economic, environmental, community and safety issues.
”
According to the 2021 Oil and Gas Global Market Report released by W7Worldwide, the global market will increase from $4.
68 trillion in 2020 to $5.
87 trillion in 2021 and $7.
43 trillion by 2025, with a compound annual growth rate of 6%.
The oil and gas industry is developing a circular economy to improve the sustainability of its operations and help combat climate change
.
The circular economy offers a market opportunity
of more than $4.
5 trillion by 2030.
Saudi Arabia, for example, used its G20 presidency years to promote its circular carbon economy plan
.
As part of the Vision 2030 plan, the country was the first to
export blue hydrogen for zero-carbon power generation.
Saudi Arabia aims to take the lead in supply in the
fast-growing hydrogen market.
Abdulrahman Inayat, co-founder and director of W7Worldwide, emphasized: "Public opinion has been playing an important role
in the oil and gas industry around economic, environmental, community and safety issues.
”
