The energy sector consists of conventional and renewable power generation, transport, and storage and covers activities across the oil and gas value chain. All traditional sources of energy (electrons and molecules) are consolidated within the sector.
Our activities are comprised of six sub-sectors:
- Renewables and Power
- Oil and Gas Upstream
- Oil and Gas Mid- & Downstream
- Utilities
- Energy Project Advisory
- New Energy Technologies
With the energy transition in mind, combining both sources of energy in one sector allows us to observe and anticipate the partial replacement of hydrocarbons by electricity from renewable sources in several parts of the global energy system and work together with our clients to ensure their businesses are resilient and sustainable.
The sector is characterised by the diversity of our global client base as evidenced by their geographical presence that ranges from global to local, their position in the value chain from fully integrated across the spectrum to dedication to a specific niche, and the ownership that varies from state-owned to family-owned.
We regularly get questions from various stakeholders about our stance on certain issues. See ing.com for our stance on Energy and Oil and Gas.
Related energy sector insights from ING Think
Climate science vs energy security: the new challenges to reaching net zero
Governments and corporates should find a pathway that best suits them, set interim targets, report progress against these targets, and invest early with a long-term mindset.
Explore all the latest developments and trends
Stay up-to-date and find out about the latest developments and trends impacting the world of the energy sector on ING Think.
Read our economists' analysis (on THINK).