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The Abu Dhabi National Oil Company (ADNOC) announced this week that its implementation of artificial intelligence (AI) technologies generated an additional half-billion dollars in value last year. The company credited more than 30 AI programs for contributing to the gains, highlighting their impact across its entire value chain. ADNOC also reported that these AI initiatives helped to prevent the emission of up to a million metric tons of CO2 from 2022 to 2023. "Artificial intelligence is one of the most important economic and social game changers of our era, and it can play a crucial role in accelerating a just, orderly, and equitable energy transition," Sultan Ahmed Al Jaber, CEO of ADNOC, stated. "At ADNOC, we have integrated artificial intelligence across our operations, from the control room to the boardroom, and it is enabling us to make smarter decisions and better protect our people and the environment."
- Government > Regional Government > Asia Government > Middle East Government > UAE Government (1.00)
- Energy > Oil & Gas (1.00)
The Abu Dhabi National Oil Company (ADNOC) has announced that it generated 500 million in value by deploying artificial intelligence (AI) in 2023. The value was generated from the integration of more than 30 AI tools across ADNOC's value chain, the company said. Additionally, the company said, these applications abated up to 1 million tonnes of carbon dioxide emissions between 2022 and 2023, the equivalent of removing around 200,000 gasoline-powered cars from the road. The milestone marks the start of the company's multiyear program to accelerate the deployment of AI to enhance safety, while driving down emissions and driving up value. "Artificial intelligence is one of the most important economic and social game changers of our era, and it can play a crucial role in accelerating a just, orderly and equitable energy transition," said Sultan Ahmed Al Jaber, the UAE's minister of industry and advanced technology and the managing director and group CEO of ADNOC.
- Government > Regional Government > Asia Government > Middle East Government > UAE Government (1.00)
- Energy > Oil & Gas (1.00)
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.
"Our Common Future" is a term which has been coined for sustainability in the universe for decades. The conceptual design, financial implications, and tools for analysis, measurement, and validation of sustainability remain an enigma to the succeeding energy generation. The sustainability sector's perplexity is due to its evolution over the past, present, and future. This article seeks to decipher the practical aspects of sustainability in a broad context. The article is based on an interview with Lokendra Sharma, a senior consultant with Infosys' sustainability and energy transformation group.
- Information Technology > Services (0.61)
- Energy > Oil & Gas (0.49)
UK regulators met recently in Aberdeen with oil and gas producers and technology suppliers to discuss strategies to enhance the electrification of the nation's offshore platforms. Power generation accounted for almost 80% of UK offshore oil and gas emissions in 2022--or about 2 mtpa. On the whole, the upstream industry represents a 3% share of all UK greenhouse gas emissions, according to the North Sea Transition Authority (NSTA). The authority has previously voiced concerns that the domestic industry must intensify its efforts to achieve the government's goal of halving emissions from oil and gas production by 2030. "Platform electrification is a key step on the road to net zero. The North Sea has long been a testbed for pioneering technologies and right now we need innovative solutions to crack the significant challenge of electrification, cut emissions, and accelerate the transition," Bill Cattanach, the head of supply chain for NSTA, said in a statement.
- Energy > Oil & Gas > Upstream (1.00)
- Government > Regional Government > Europe Government > United Kingdom Government (0.62)
Caterpillar Expands Reach to Hydrogen Fuel Cells Caterpillar, in collaboration with Microsoft and Ballard Power Systems, announced the successful completion of a demonstration project in which the construction manufacturing company integrated a hydrogen fuel cell into Microsoft's data center electrical plant in Cheyenne, Wyoming, to show how hydrogen fuel cells can be used to supply reliable and sustainable power to data centers. The 1.5 MW fuel cell used Caterpillar's microgrid controller to operate two battery energy storage systems to simulate a 48-hour backup power event with the company's system providing uninterrupted power, achieving an overall uptime of 99.999%. "The research and findings of the hydrogen fuel cell demonstration will help us towards our goal of becoming carbon negative by 2030," said Sean James, senior director of data center research at Microsoft. Partial funding for the project was provided by the US Department of Energy (DOE) Hydrogen and Fuel Cell Technologies Office's H2@Scale initiative, which promotes stakeholder collaboration to advance affordable hydrogen production, transportation, storage, and use across multiple energy sectors. The DOE's National Renewable Energy Laboratory was able to collect significant data by analyzing the safety, techno-economics, and greenhouse gas effects of the system during the demonstration.
- Europe (1.00)
- North America > United States > Wyoming > Laramie County > Cheyenne (0.25)
- Energy > Renewable > Hydrogen (1.00)
- Government > Regional Government > North America Government > United States Government (0.56)
The SPE Sustainability and Stewardship in the Oil and Gas Industry Award of the Society of Petroleum Engineers recognizes the outstanding efforts and impacts of individuals in the upstream oil and gas industry, in innovating, adopting, and promoting key aspects of sustainable development at scale. Social: Social sustainability, including engaging to create societal and community benefits, environmental justice, human rights, supporting industry staff to build on existing and learn new skills to open new career opportunities, and enabling a fair and just people-centered transition.1 Innovation/Technology: Innovating to transform the energy system across process, system, and technology. Inclusive of environmental and social topics, as well as technological breakthroughs that reduce emissions, eliminate leaks, improve efficiency, enhance profitability and attractiveness, accelerate scaling, and create circulatory use of waste as feedstock. This can also encompass the effective use of data and analytics to improve decision making, identification, assessment, and reduction of risks, improvements in benefit quantification, streamlining and optimization of materials supply chain, or novel ways to accomplish the UN Sustainable Development Goals. Any professional member of the Society of Petroleum Engineers in good standing shall be eligible to receive the award.
Methane is a powerful greenhouse gas (GHG). Over 20 years, it is 80 times more potent at warming than carbon dioxide, with onshore conventional wellsite production facilities being the source of more than 50% of petroleum methane emissions in the United States (US). An operator working in the gas condensate window of the Eagle Ford shale has been diligently looking for innovative transition technologies to help minimize methane emissions from wellsite sources. Other key sustainability attributes for the project were capex and opex savings while simplifying well-pad architecture. Leak detection and repair (LDAR) programs that identify unintended or fugitive emissions from equipment in an oil and gas facility are a traditional way to drive maintenance activities to reduce emissions.
The path to net zero represents a complete de-carbonization of energy from the way we use it today. Ultimately we may also need to consider net-negative emissions, such as Direct Air Capture, to avoid the worst predictions for future climate. To reach either goal it is necessary to pass through the goals established by the Paris Accord, a 60% reduction by 2050. World-wide the world emits about 33 gigatonnes of CO2 per year, and by 2050 that number needs to be reduced to 13 gigatonnes. The decline in emissions needs to be steeper than the growth in emissions over the preceding 30 years, and this presents a major technical challenge.
This enlightening session aims to explore the pivotal role of effective leadership in the energy industry's significant transition toward sustainable practices. As the global demand for energy continues to grow, the webinar will address the necessity of oil and gas in ensuring energy and economic security, while also leading the way in innovative technologies that lower emissions across various energy sources. The discussion will include leadership's role in choosing a path that aligns with capabilities, context, and convictions about the future, and will outline the spectrum of success in energy transition, ranging from "Awareness" to "Adaptation" to "Adoption," and the strategies to thrive across this spectrum. Additionally, they will emphasize the energy services sector's role in expanding energy resources through the development and deployment of new technologies. Insights will cover how these innovations are not only producing new energy resources but also reducing emissions, meeting the increased global demand.
- Instructional Material > Course Syllabus & Notes (0.87)
- Overview > Innovation (0.61)