Lux for Innovation Leaders: Oil & Gas
Lux’s world-renowned energy experts help organizations determine how to address one of the most significant challenges ever faced — decarbonization. Our scientists and engineers provide a pragmatic understanding of the implications of net-zero actions implemented across the entire ecosystem, not simply their industry, delivering the context leaders need to know to make the right innovation decisions.
Client Priorities
We are precision focused on solving for your most critical innovation initiatives.
Staying Indispensable
Create strategies to gain access to regulated and monopolized markets by developing and providing services that local utilities are unable to develop themselves as well as understand the future needs of a dramatically changing customer base.
Repurposing Core Expertise
Leverage existing competencies for the new energy technologies, finding opportunities to exploit core know-how for lower entry points with new technologies, such as transitioning to hydrogen or geothermal.
Meeting Net-Zero Targets
Understand which technologies and carbon offsetting, carbon capture, or carbon-use strategies will help reduce Scope 1, 2, and 3 emissions along with methane to move toward meeting the net-zero targets set by the company.
Asset Timing and Transitioning
Determine the optimal timing for asset transition to capitalize on emerging marketplaces. Transition and figure out how long to utilize the current product portfolio profitably and when to switch.
Base Chemicals of the Circular Economy
Keep ahead of what the new base chemicals are going to be as well as the status of competing innovations. Determine the future business for the chemicals division as chemicals and energy become progressively less integrated.
Policy and Regulations
Get pragmatic advice on how to guide innovation strategies based on regional policy changes and regulatory uncertainties.
Meet some of our 300+ Global Clients
How We Help Clients
Lux is uniquely positioned to provide oil and gas leaders with answers to their questions about sustainability and business: what emerging technologies are poised to make a leap forward? Which innovators are worth investing in? What changes do we need to make to our product roadmap to successfully go to market or comply with upcoming policies?
Lux leverages AI to turn weak signals in innovation and consumer behavior into insights, and Lux experts combine primary research and AI-enriched data extraction with unique proprietary models to assess technologies and innovators. This robust combination results in our singular voice of realism in the market that our clients trust.
Client Outcomes
We fuel innovation leaders’ tech scouting and improve the performance of their innovation discovery process in energy transition.
We help clients meet net-zero and sustainability goals desired by innovative business leaders and understand the decarbonization of other industries.
We identify new business models, product opportunities, and potential partners for growth.
We help mitigate the risks of going out of business from changes in the technology or policy landscape, as well as from competitors getting ahead.
Featured Resources
Access the Lux Insights Platform
Keep up with innovation trends and early-stage technologies
- AI-enabled expert generated insights
- Innovator Assessments with scorecards
- Company indices
- Industry trend analysis
Understand novel technologies in detail with AI-enabled primary research
- Market opportunities
- Consumer insights
- Policy and Frameworks
- Technology deep dives
Interpret business impacts with trusted and actionable insights via the “Lux Take”
- Innovation Strategy
- Go-to-Market Strategy
- Partnership and Acquisition Target Identification
- Decision Frameworks
Hear From Our Clients
When we evaluate our innovation team, those who use Lux insights on a regular basis demonstrate higher performance and better results than those who did not.
Access to the Lux platform and its analyst has made me much smarter and has helped increase my influence and value to the company.
Trendy topics; data-driven, tailored focus on request; convincing experts; and absolutely adequate client engagement – TOP!
I presented your idea about sustainability and innovation at the Summit and of all the slides in my deck, everybody noticed the slide you sent me. They all sat up and started taking pictures.
This is wonderful. If Lux wants to invite me to join your Board, I would be delighted to.
Even this first, short call….I found valuable. I was excited when I first heard about this service. After this first call, I’m even more excited.
Client Story
Waste-to-hydrogen partner selection through detailed management interviews
Challenge
The client, a large energy company, was looking to add renewable hydrogen to the company’s supply chain.
Solution & Value
Lux shortlisted developers with differentiated technology and a proven ability to work on low-carbon, waste feedstocks and aligned those with the client’s preferred regions.
Combined with interviews with these developers, Lux evaluated technical capabilities, track records, and business execution to prioritize those developers that best fit the client’s goals.
After careful evaluation with multiple internal stakeholder groups, the client proceeded to negotiate long-term hydrogen supply agreements with a selection of these entities.
Top Questions your industry peers are asking
Inquiry is a 50-minute virtual conversation between a licensed client member and a Lux expert. During this two-way consultative exchange, the Lux expert shares insights and acts as an advisor for the member’s strategic thinking or decision-making process.
Lux experts are having such conversations with clients every day to help them understand various aspects of technology innovation. Key questions innovation leaders in the oil and gas industry are asking about include:
What are the most promising use cases for captured CO₂?
What is the cheapest way to move hydrogen?
What is the risk profile of carbon-negative technologies?
Can oil and gas companies leverage existing retail operations to move into charging networks?
Are you working on similar questions? We can help.
The Lux Net-Zero Strategy Framework
our unique know-how
What makes Lux special is our ability to link insights across industries, scientific domains, and cultures to give you a complete interdisciplinary and cross-industry perspective.
