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Advertisement The oil and gas playing field will become increasingly difficult for small and medium-sized producers, as the world is pushing towards energy transition, according to GlobalData. Smaller operators will need government intervention to incentivise carbon capture to promote investments, because these companies will have to expend relatively more resources to lower their emissions as compared to oil giants. Steven Ho, Upstream Oil & Gas Analyst at GlobalData, commented: “Carbon capture requires additional cost and therefore does not sit well with many smaller operators who prioritize free cash flow and minimize capital spending, especially without an incentive or a penalty applicable to the whole sector. These companies do not have the same infrastructure advantages as major companies and are generally not incentivised to introduce a carbon capture scheme into their operation solely based on having environmental related targets. There is a lack of regulation to the larg

Oil gas analyst at globaldataUpstream oilGas analystCarbon captureஅப்ஸ்ட்ரீம் எண்ணெய்வாயு ஆய்வாளர்கார்பன் பிடிப்பு