energy transition

Many OFS companies have pulled away from the unconventional resources and redirected their efforts into alternate energy and clean technology. There is a limited bucket of money available for these companies to invest in new technology, and with every dollar diverted to ESG, those dollars are taken away from traditional technologies.

Today's high oil prices have not removed the memories of some top upstream executives about how swiftly boom-and-bust cycles can move, nor have they eroded their mission to lower carbon footprints.

The impact of COVID-19 on the global economy, and thus its oil and gas consumption habits, is seen as less severe in the supermajor's latest annual outlook.

Pandemic gridlock, rerouting risk, and net-zero expectations are squeezing oilfield service companies into change.

There are powerful indicators that the transformation of energy markets is accelerating, even though the world should not decrease its focus on stable oil and gas supply. Our industry will continue to play a strong role in the coming decades to provide sustainable energy.

Rodolfo Camacho-Velázquez identifies areas of opportunity for future reservoir engineers related to the technical challenges of increased production and recovery of complex conventional and unconventional reservoirs, the application of Fourth Industrial Revolution technologies in reservoir subdisciplines, and the energy transition.

Houston-based startup Cemvita Factory is launching a project to produce near-zero-carbon gold hydrogen by injecting oil-eating microbes into depleted crude reservoirs.

With oil prices on the rise and calls for an energy transition growing louder, it's easy to get mixed signals about the future of the oil and gas business. SPE's TD for Production & Facilities Bob Pearson outlines the way forward for the discipline.

Exxon sets its sights on zero, while Thyssenkrupp aims squarely at hydrogen. The wind blows the world over, and the struggle to grab carbon and put it back in the ground continues. Are you trying to stay up to date about developments aimed at energy-transition efforts in our industry? This roundup of news recaps some recent announcements.

The European Commission is expected to allow investments flowing into natural gas and nuclear energy projects to be considered as “green” investments, assuming certain criteria are met. Germany and France, however, differ in their approaches to renewables. While Germany has abandoned nuclear power in favor of natural gas, France continues to rely on nuclear.