World Oil and Gas, or the global oil and gas industry, is an important part of the world economy. Global energy market trends continue to change along with technological developments, environmental policies and geopolitical dynamics. One of the main trends in the global energy market today is the transition towards renewable energy sources. Many countries are investing more funds in renewable energy such as solar, wind and biomass power. This responds to increasing awareness of climate change as well as efforts to reduce dependence on fossil fuels. According to the IEA report, the share of renewable energy in the global energy mix is ​​expected to increase significantly in the next decade. On the other hand, demand for oil and gas remains high, especially from developing countries in Asia such as China and India. The focus on economic growth and industrialization in the region is driving greater energy consumption. OPEC and non-OPEC countries, including Russia, also reacted to these changes by adjusting production to maintain price stability. Research also shows that new technologies, including horizontal drilling and hydraulic fracturing, have increased the efficiency of oil and gas production. This method allows access to previously unreachable reserves, especially in the United States. Meanwhile, global energy companies are investing in monitoring technology and data analytics to increase productivity and reduce operating costs. Global political shifts affect World Oil and Gas, where economic sanctions and geopolitical conflicts can trigger price spikes. For example, tensions in the Middle East and sanctions against Russia often result in dramatic market fluctuations. This type of scenario increases uncertainty for investors and energy companies, creating challenges in long-term planning. Another aspect that is no less important is increasingly stringent government policies towards carbon emissions and environmental protection. Countries around the world are starting to implement policies to reduce greenhouse gas emissions, encouraging investment in clean technologies. Many energy companies are now turning to environmentally friendly practices, seeking to better certify their carbon footprint. In this context, major oil companies are transforming into “energy companies” with a focus on diversifying revenue sources. They not only invest in oil and gas, but also in renewable energy and technologies that support the energy transition. For example, BP and Shell have committed to reducing emissions to zero by 2050. The world energy market is also experiencing major changes due to increased consumer awareness about sustainability. Consumers now prefer products and services that support environmental initiatives. This forces companies to adapt their strategies to suit the preferences of a market that is increasingly sensitive to environmental issues. The implementation of innovation, both in terms of technology and business models, plays an important role in responding to the challenges faced by World Oil and Gas. Implementing blockchain technology, for example, can increase transparency and efficiency in supply chains. In addition, the use of artificial intelligence can help in predicting market demand and optimizing operations. An overview of developments in World Oil and Gas shows that this industry is in a complex transition phase. Fluctuations in oil and gas supply and demand, technological advances, and environmental policy pressures are key factors shaping the future direction of global energy. driving innovation and sustainability at all levels.