Even a robust adoption of electric vehicles in the next 2 decades would not eliminate the growth of either global oil consumption or carbon emissions, BP Chief Economist Spencer Dale said at the rollout of the company’s 2018 Energy Outlook. The energy industry is in a rapid transition, with growing competitive pressures and the critical long-term need to reduce global carbon emissions, BP Group Chief Executive Bob Dudley said in introducing this year’s BP Energy Outlook.
When SPE’s international health, safety, and environment conference opens in April, it will bring together professionals from around the world. This gathering of professionals, on top of the technical information shared, is what makes the conference so important, said Jack Hinton, program cochair. Independent Project Analysis (IPA) partnered with the sustainability department of a major integrated oil company to study the effect of core sustainability practices on capital project outcomes. IPIECA has partnered with the United Nations Development Programme (UNDP) and the International Finance Corporation to develop a shared understanding of the implications of the UN SDGs for the oil and gas industry and how the industry can most effectively contribute. Water management for upstream will transform over the next few years.
Gassnova has assigned Statoil to evaluate the development of carbon storage on the Norwegian continental shelf. This will be the first storage site in the world receiving carbon dioxide from several industrial sources. Has your company or organization invested in carbon offsets? Carbon offsets are proving an important tool for companies that want to reduce the effect of their carbon footprint.
Royal Dutch Shell said on 14 March that it planned to reduce carbon emissions from its oil and gas operations and product sales by 2–3% during the 2016–2021 period, the first time the company has issued carbon footprint targets. Royal Dutch Shell is changing its tune on carbon, saying it will tie executive pay to shorter-term reductions in emissions. Chief Executive Officer Ben van Beurden has the same message for activists seeking to bind Royal Dutch Shell to deep emissions cuts and investors concerned about the merits of shifting away from oil and gas: Trust me. Royal Dutch Shell outlined a scenario in which, by 2070, we would be using far less of the company’s own product—oil—as cars become electric, a massive carbon storage industry develops, and transportation begins a shift toward a reliance on hydrogen as an energy carrier. A carbon capture and storage (CCS) white knight has appeared on the horizon, and it is potentially a game changer.
UK's First Carbon Capture and Storage Project Could Be Operational by Mid-2020s The Acorn Project will capture about 200,000 tonnes of carbon dioxide from the St. Fergus Gas Terminal and transport it for storage to one of three depleted gas fields using existing pipelines. Levels of stress and mental health problems among UK workers are at a 17-year high, according to the latest injury and ill health statistics published by the Health and Safety Executive. The UK’s offshore oil and gas industry continued to see improvement across a broad range of health and safety indicators last year, according to a key insight published by Oil & Gas UK. Offshore Industry Has Come'Perilously Close to Disaster,' Warns UK's Health and Safety Executive The Health and Safety Executive (HSE) has warned the UK’s offshore oil and gas operators that they must do more to tackle hydrocarbon releases in the North Sea after coming “perilously close to disaster” in recent years. Oil & Gas UK recently published guidelines with its most up-to-date information aimed at helping operators ensure they have the required financial measurements in place to meet the cost of cleanup for an oil release. North Sea oil and gas production was up but greenhouse gas emissions in 2016 were down against 2015 performance, according to Oil & Gas UK’s Environment Report.
A report from Norway’s Auditor General criticizes several aspects of the way health, safety, and the environment in the Norwegian oil and gas industry is followed up by the Petroleum Safety Authority Norway. Norway has invited companies to submit bids to use subsea reservoirs to store carbon dioxide near the country’s largest oil and gas field, Troll. Statoil To Become Equinor, Dropping'Oil' To Attract Young Talent Shareholders in Norway’s largest company, Statoil, approve the board’s proposal to drop “oil” from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels’ impact on climate change. But serious personal injuries are growing, while feedback on the working environment, the HSE climate and perceived risk is moving in the wrong direction. Norwegian suppliers Framo, Maritime Partner, Norbit Aptomar, and NorLense have come together to create the Oil Spill Recovery Vessel Group to offer a complete oil-spill-response solution.
The deployment of appropriate CO2-separation technologies for natural gas processing is viewed as an abatement measure toward global CO2-emissions reduction. Selection of the optimum technology requires special attentiion. The authors discuss the results of a pilot project to capture post-combustion CO2 for purposes of EOR. Three case studies are in progress that are based on actual oil-producing platforms—two on the Norwegian Continental Shelf (NCS) and one in the Brazilian basin. ExxonMobil is testing its Controlled Freeze Zone technology, a single-step cryogenic process that allows carbon dioxide (CO2) to freeze in a controlled method and then melts the CO2.
CCUS is an interdisciplinary research field and its broad scope means that CCUS offers numerous opportunities for science and engineering graduates, including petroleum engineers. Underbalanced coiled tubing drilling has continually advanced since the first trials in the 1990s but remains a relatively niche drilling technology. With UBCTD projects set to start in many countries next year, this technology may be seeing a turning point.
This article highlights interesting applications of machine learning in the oil and gas industry in drilling, formation evaluation, and reservoir engineering. Each project uses a data-driven model to solve a previously complex problem using machine learning to augment an existing solution. CCUS is an interdisciplinary research field and its broad scope means that CCUS offers numerous opportunities for science and engineering graduates, including petroleum engineers. Providing access to more than 180,000 papers and presentations, OnePetro is a definitive resource for upstream oil and gas technical information.