Core Insights - Contractors play a crucial role in the oil and gas industry by enabling decarbonisation through their technical expertise and skilled workforce [1] - They are involved in various stages of operations, from advisory to technical execution, and are essential for fostering innovation and efficiency [2] - The market for low-carbon technologies is expanding, with contractors diversifying their offerings to include carbon capture and other emission reduction technologies [2][3] Industry Dynamics - Many contractors are focusing on specialized engineering and construction for low-carbon initiatives, which significantly impacts project viability and market speed [3] - Industrial gas producers are also entering the low-carbon space, providing comprehensive services for carbon capture and low-carbon hydrogen production [3] - Recent challenges in low-carbon energy developments, including inflation and regulatory issues, have led to project delays and cancellations, affecting contracting activity [4]