In the context of energy transformation, "four main energy sources have entered a new era." Zou Cai, academician of the Chinese Academy of Sciences, believes that "coal has entered the transition period, oil has entered a stable period, natural gas has entered its peak period, and new energy has entered a golden age."

　　From the current energy development trend, low carbon, high efficiency and diversification are the three main directions of energy transformation in the future, and oil companies are also ushering in major opportunities.

　　On the whole, the increase of energy demand in the future mainly comes from the Asia Pacific region, especially China and India. According to the forecast of research institutes, by 2040, 60% of energy increment will come from the Asia Pacific region, 12% from Africa and the Middle East, and North America and Europe will continue to decline.

  The progress of science and technology has given new vitality to the oil and gas industry. With the breakthrough of seismic imaging technology, drilling and fracturing technology and new material technology, more and more unconventional oil and gas resources will be unlocked. According to BP statistics, relying solely on scientific and technological progress, the average decline rate of oil and gas production cost will reach about 30% by 2050. The wide application of digital technology, including advanced seismic data processing, the use of sensors and so on, will play an immeasurable role in resource exploitation, cost control and production and management of oil production.

　Energy diversification also provides a good opportunity for the transformation and development of oil companies. It can be seen that companies mainly engaged in crude oil business are transforming to both crude oil and gas business, while companies mainly engaged in conventional oil and gas business are transforming to both conventional and unconventional businesses.

　　"In the future development of natural gas, it is possible to realize a complementary development process with renewable energy." Huang said that in the process of transformation, how to meet renewable energy is an issue that energy companies need to seriously consider.

　In the context of energy transformation, "the challenges that oil companies face from the environment, market and policy can not be ignored." Han jingkuan said.

　　The change of geopolitical pattern has brought challenges to the stability of oil and gas supply and demand. The international community's governance of global warming puts forward higher requirements for the development of oil and gas industry. In the past two years, some European Union countries have proposed specific timetables for banning fuel vehicles. However, the production reduction of some vehicle companies, including the timetable for stopping production, will have a certain impact on oil and gas consumption. With the progress of technology, the cost of solar energy, wind energy and biomass energy will be greatly reduced, which will have a certain impact on the consumption of oil and gas.

　　"The development of low-carbon transformation of oil companies is imperative. While grasping the oil and gas business unswervingly, oil companies should pay attention to the improvement of energy efficiency and technological progress of traditional business, adjust measures to local conditions and make good deployment of new energy business in time and space. Continue to break through the development space of traditional business, continue to change and adapt to new changes. " According to Han jingkuan.