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A more efficient energy system

Oil and gas will remain important sources as the energy landscape evolves. Oil and gas will also be an enabler for Europe’s energy transition. The European upstream oil and gas industry is continuing efforts to improve efficiency and lower emissions.

With oil consumption growing in the coming decades, led by rising demand for petrochemicals, trucking and aviation, the greatest focus for reaching climate goals will be on energy efficiency and new technologies, such as carbon capture and storage (CCS).

To learn more about our industry’s efforts towards higher efficiency and the dual challenge, see our climate position.