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transition
Top oil executives kicked off the CERAWeek by S&P Global conference in Houston on 18 March by expressing their reservations about the swift transition from fossil fuels, highlighting the potential societal costs of replacing oil and gas infrastructure. ExxonMobil CEO Darren Woods said that while the company has "stuck pretty consistently" to managing the fundamentals of the energy transition, he finds that the external conversation is evolving. "People are now beginning to understand that the energy transition is a very complex issue that will require a lot of different variables to be managed effectively," said Woods. He questioned the need for the narrow set of solutions currently driven by ideology, saying that the world needs to "open up the aperture to consider more solutions because we are going to need everything that works to drive emissions down." Woods noted that when President Biden's administration came in intending to advance reductions in emissions and climate change, the industry responded by challenging itself to offer solutions that could meet that objective.
The notion of imminent peak oil demand is unfounded, with hydrocarbons set to remain a crucial component in the energy mix for the foreseeable future, according to Rice University's Kenneth B. Medlock. He is the James A. Baker III and Susan G. Baker Fellow in Energy and Resource Economics at the Baker Institute and the senior director of the Center for Energy Studies at Rice University. "This is a growth story," said Medlock at the recent SPE/IADC International Drilling Conference and Exhibition held in Galveston, Texas. He emphasized that oil demand continues to grow, particularly as fuel demand shifts globally. Annually, demand has increased by about 1 million B/D since 2000 and it is only set to grow, according to the Organization of the Petroleum Exporting Countries (OPEC). Its monthly market report for March forecasts that world oil demand will rise by 2.25 million B/D in 2024 and by 1.85 million B/D in 2025, unchanged from last month's forecast.
A new research project from the University of New Mexico (UNM) examined the conditions of the workforce in New Mexico's Permian Basin. Gabriel Sanchez, director of the school's Center for Social Policy, and Shannon Sanchez-Youngman, director of the school's Center for Participatory Research headed the Southeastern New Mexico Oil and Gas Workforce Study. "Our study had two main goals, to identify paths to improve the working conditions of oil and gas workers and to help inform areas in workforce training that should be addressed as the state transitions to clean energy production," Sanchez said. The study, commissioned by the nonprofit Somos Un Pueblo Unido, dove into the quality of life experienced by oil and gas workers in the state's Permian Basin--the majority of whom are Hispanic New Mexicans. This incorporated the past and present conditions and how the influence of clean energy could shift their career plans moving forward.
- North America > United States > Texas > Permian Basin > Yeso Formation (0.99)
- North America > United States > Texas > Permian Basin > Yates Formation (0.99)
- North America > United States > Texas > Permian Basin > Wolfcamp Formation (0.99)
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In this SPE tech talk, Halliburton discusses the importance of understanding the loss challenge to tailor a treatment that helps operators cure severe to total losses. In this SPE Tech Talk, Halliburton discusses the importance of proper material selection and best practices to design and place annular barriers for long-term storage of carbon dioxide (CO2). As we transition to a lower-carbon future, it is beneficial to design dependable zonal isolation barriers with reduced cement content. As we transition to a lower-carbon future, it is beneficial to design dependable zonal isolation barriers with reduced cement content. One of the biggest challenges in well construction is getting primary cementing right the first time.
There is much uncertainty ahead for the oil and gas markets. How are companies keeping their workers safe? SPE Technical Directors review how health and safety management has been impacted by the COVID pandemic. With the need to make better decisions faster to improve performance and lower our carbon footprint, Schlumberger's Brandon Cavallaro and Colin Smith Covid-19 arrived and changed everything. We've used words such as pivot to express rapid change, and have coined phrases such as "The New Normal-- This #SPElive addresses the fall-out of COVID-19 and the oil price crash on diversity and inclusion.
- Asia > Middle East > Saudi Arabia (0.19)
- Africa > Nigeria (0.19)
- Health & Medicine > Therapeutic Area > Infections and Infectious Diseases (0.62)
- Health & Medicine > Therapeutic Area > Immunology (0.62)
- Energy > Oil & Gas > Upstream (0.39)
- Energy > Oil & Gas > Downstream (0.39)
The energy business is progressively transforming to solve the energy trilemma. The world indeed needs an energy mix that offers a mix of secure and reliable energies, affordable and available energies, and reduced greenhouse emissions. The transition from a 100% carbon-based industry to a more equilibrated and sustainable mix is a long transformational road. Three major levers can be activated though, to facilitate such transformational challenge. Join this SPE Live moderated by Pierre-Emmanuel d'Huart, and our guests David Whitehouse, Kirsten Pasturel, and JinHan Lim, ahead of the 50th Birthday edition of SPE Offshore Europe, as they share their expert perspective on how digital initiatives, robust geo-engineering skills, and innovative investment policies are essential to the energy transition.
As in the previous book, I found the level of detail about electricity and aerodynamics more than I needed, and I was not interested in the author's personal journey Its strength comes from the grounding in scientific energy. If you want a comprehensive overview of our renewable fundamentals. Conclusions about the viability of 100% renewable future, this book is for you. If you want more detail -- for example, energy solutions are based on data rather than wishful thinking. The first chapter outlines the challenges of building, installing, and maintaining millions of problems to be solved: air pollution, global warming, and energy windmills, thousands of hectares of solar panels, and the infrastructure security.
In this course, we focus on several key aspects of the energy transition, starting with the scientific basis of global warming and the impact of greenhouse gas emissions on our climates. We also summarize the UN Paris Agreement and the aspirational target of limiting global warming to a maximum of 2 C by 2050. We review the historical energy supply, demand, and greenhouse gas emissions to date, and the options available to reduce CO2 emissions. We then turn to the drivers and projections of a lower-carbon energy future through the rapid expansion of affordable renewable energy resources, hydrogen production, the reduction of methane emissions, and carbon capture and storage opportunities. Lastly, we discuss three critical requirements to achieve the net zero goals.
Offshore Technology Conference Asia (OTC Asia) 2024 officially launched in Kuala Lumpur with more than 20,000 attendees, sponsors, exhibitors, and students registered from over 75 countries. This year marks a significant milestone, with OTC Asia celebrating 10 years since its inception in 2014. Hosted by Petronas, OTC Asia 2024 builds upon its legacy of excellence and innovation to deliver an immersive experience that showcases cutting-edge technologies, fosters collaboration, and drives meaningful discussions around key opportunities and challenges facing the offshore energy sector. In his keynote address at the opening ceremony, President and Group CEO of Petronas Tan Sri Tengku Muhammad Taufik said, "Asia continues its firm commitment to be part of the solution in the energy transition. For us to realize this common goal, national oil companies; oil, gas, and energy majors; OGSE players; financiers; technology solutions providers; and policymakers must work together to spur novel ideas, explore new frontier technologies, and ultimately forge partnerships to decarbonize the energy value chain towards realizing a just, orderly, and equitable energy transition."
- Energy > Oil & Gas > Upstream (1.00)
- Government > Regional Government > Asia Government > Malaysia Government (0.51)
- Government > Regional Government > Asia Government > Thailand Government (0.34)