The energy transition refers to the global shift from traditional fossil fuel-based energy sources, such as oil and gas, to more sustainable and renewable energy sources like solar, wind, hydro, and geothermal power. This transition is driven by the need to address climate change, reduce greenhouse gas emissions, and mitigate the environmental impacts associated with fossil fuel consumption. The energy transition is important for oil and gas companies as it enables them to adapt to changing market dynamics, enhance their sustainability profile, seize new business opportunities, manage risks, and align with investor and stakeholder expectations in an increasingly sustainable and low-carbon future.