Energy transition
Ir Mohd Yusri Mohamed Yusof spoke with JPT about the national oil company’s carbon capture and storage efforts, the value of cross-border cooperation, and his expectations for OTC Asia, to be held 31 March–2 April 2026 in Kuala Lumpur.
The US Department of Energy said it is making available $171.5 million to support field-scale tests for geothermal electricity generation and exploration drilling.
The organization has launched Industrial Services in an effort to support growing energy and infrastructure markets.
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Equinor has agreed to align its business model with the goals of the 2015 Paris climate accord and will review its corporate lobbying policy and the carbon intensity of its products, the company said. It will also link executive pay to climate-related targets. -
We are in the midst of an energy transition: the world is moving quickly and inevitably away from “dirty” fossil fuels to “green” solar, wind, and batteries.
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JPT asked several active SPE members about the appeal of petroleum engineering, the significance of the work they do, and what the future may hold. Here are some of their answers.
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When worldwide oil and gas consumption reached record levels yet again in 2017, SPE members were there when it counted, helping to generate more light and power for billions of people across the world.
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In the JPT issue celebrating SPE’s 50th anniversary, John C. Calhoun addressed how distinctive petroleum engineering is from other engineering disciplines.
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BP’s latest annual energy outlook considers many scenarios for the future, and they all require engineers to find a lot more oil to meet high demand.
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Gas is forecast to overtake oil as the world’s primary energy source in 2026. LNG, with capacity expected to double by the late 2040s, will connect the shifting sources of gas with changing demand centers.
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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.
