Energy transition
This paper provides an overview on low-carbon-intensity technologies that are instrumental to the decarbonization of the energy industry. While hydrogen is the most promising low-carbon-intensity energy vector, substitute natural gas is the most promising and immediate solution among the hydrocarbon-based fuels.
The company’s 2021 Energy Transition Outlook says the Earth likely will miss the 2°C goal of the Paris Agreement and the window to get back on track is closing rapidly.
China will launch renewables-to-hydrogen projects in Inner Mongolia this autumn intended to transform the coal-bearing region into a renewables hub.
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Guyana boasts some of the world's most economic offshore fields. Now it must navigate how to produce them in a world that is asking for oil producers to pull back. -
Pair look to commercialize autonomous subsea production system for rare earth elements located on the ocean floor off Norway and internationally.
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Scientists from around the world have declared definitively and in unison that global warming is real and that it has been unequivocally caused by human activity. The next move, they said, is up to the world’s leaders.
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Greenland may have said “no” to oil and gas, but its vast mineral wealth is up for grabs as the world’s biggest billionaires invest to claim metal reserves needed to manufacture batteries.
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Much has been written on the upcoming supply crunch in the investor-friendly offshore wind installation market, but what are the challenges facing contractors looking to capitalize on this growth and optimize any potential investment in new assets?
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While CCS and CCUS become more ensconced in oil and gas energy-transition strategy, one major project has fallen short of targets. Infrared sensor technology could fill a crucial gap in halting methane leaks. And a geothermal startup gets a big vote of confidence from industry and celebrities.
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In his final column as SPE President, Tom Blasingame reminds members to never forget the enormous responsibility they bear in providing the global community with one of its most essential commodities. He calls for increased efforts to engage and contribute to our industry and to SPE to pave the way to sustainable and renewable energy.
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Jeff Gustavson will become president of Chevron New Energies effective 2 August as the company seeks to manage its low-carbon business prospects.
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For some, the payoff for going green can be astronomical. Others can rest assured that they will be well positioned in the transition.
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Petroleum engineering will be needed for decades to come to provide the required energy for the world and help alleviate the challenges of climate change. It will evolve into energy transition as it has been changing since its inception in modern history.
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