The transition to renewable energetic sources and a renewed sensibility towards the reduction of greenhouse gasses, have opened the way to new swathe of opportunities for players in the gas and oil industry. Refiners and oil producers have put in place a variety of strategies putting an insurance on their future relevance as energy providers. The importance of reducing carbon emission as a bridge towards a Carbon free society, has brought the industry to focus on already available solutions smoothening the impact of fossil fuels on the environment. Carbon free crudes and biofuels production represent the most feasible products for the industry in the short-medium terms.