Guest Editorial: Braver, Bolder, and Better: Breaking the Silo Paralysis

2021 ◽  
Vol 73 (05) ◽  
pp. 10-11
Author(s):  
Graeme Gordon ◽  
Craig Shanaghey

As we continue to adapt and evolve to meet the changing needs of our fast-moving world, we see a sizable and growing prize for those who are willing to work and think differently, challenge traditional approaches, forge new working relationships, and act boldly. This topic is one of the ten keynote program sessions at the 2021 SPE Offshore Europe (https://www.offshore-europe.co.uk/) to be held 7–10 September in Aberdeen to drive disruptive and forward-thinking conversations around the conference theme “Oil & Gas: Working Together for a Net-Zero Future.” Since 2019 SPE Offshore Europe, we have witnessed significant change, even before we consider the effects of the global COVID-19 pandemic. Societal interest in the climate and energy has rightly risen up the agenda, and the scale of expectation and pace of change demanded of our industry is high. The need to accelerate the energy transition by investing in cleaner, low-carbon energy production is clear. But oil and gas will remain critical as major contributors to the energy mix for decades to come, and so responsible hydrocarbon production has a crucial role to play in the transition, underlined by the recently published UK Government North Sea Transition Deal. So how can we be braver, bolder, and better—as individuals, as companies, and as an industry—to grasp that opportunity for change and do something positive with it? We hear a lot about collaboration and its necessity, yet Oil & Gas UK’s (OGUK) 2020 collaboration survey indicates that perhaps, despite the best of intent, it is not universally translating into practice. The term collaboration has somewhat lost its true meaning, perhaps through overuse and a shortage of genuinely collaborative partnerships to inspire us. We can all tend to use the term loosely, forgetting that true collaboration can generate incredibly far-reaching and tangible value. We simply must put this right if our industry is to turn the challenge of the energy transition into an opportunity to thrive. Partnering To Empower the Energy Transition The first critical step to achieve greater collaboration is to acknowledge and accept that no individual, no organization, has all the answers. Never has this been truer than now—as we seek to effect one of the greatest changes our industry has ever faced and are duty-bound to find new solutions at pace and scale. Rather than feeling we must each be the sole creator of our own solutions, organizations need to be better at articulating their problem and even better at inviting others to participate in the solution. We will not solve tomorrow’s problems with yesterday’s ideas—we must cultivate innovation and disruption in the way that we engage with one another and in the way that we work together. A real blocker in realizing that mind-set shift is often in the letter of our contracts. We feel so bound by the formal confines of our relationships with one another that we become unable or unwilling to explore new thinking, to be receptive to new ideas, and to create the space for the disruption that we so need. We must recognize trust as a key attribute of successful, collaborative partnerships.

2021 ◽  
Author(s):  
Osamah Alsayegh

Abstract This paper examines the energy transition consequences on the oil and gas energy system chain as it propagates from net importing through the transit to the net exporting countries (or regions). The fundamental energy system security concerns of importing, transit, and exporting regions are analyzed under the low carbon energy transition dynamics. The analysis is evidence-based on diversification of energy sources, energy supply and demand evolution, and energy demand management development. The analysis results imply that the energy system is going through technological and logistical reallocation of primary energy. The manifestation of such reallocation includes an increase in electrification, the rise of energy carrier options, and clean technologies. Under healthy and normal global economic growth, the reallocation mentioned above would have a mild effect on curbing the oil and gas primary energy demands growth. A case study concerning electric vehicles, which is part of the energy transition aspect, is presented to assess its impact on the energy system, precisely on the fossil fuel demand. Results show that electric vehicles are indirectly fueled, mainly from fossil-fired power stations through electric grids. Moreover, oil byproducts use in the electric vehicle industry confirms the reallocation of the energy system components' roles. The paper's contribution to the literature is the portrayal of the energy system security state under the low carbon energy transition. The significance of this representation is to shed light on the concerns of the net exporting, transit, and net importing regions under such evolution. Subsequently, it facilitates the development of measures toward mitigating world tensions and conflicts, enhancing the global socio-economic wellbeing, and preventing corruption.


2021 ◽  
Vol 73 (09) ◽  
pp. 50-50
Author(s):  
Ardian Nengkoda

For this feature, I have had the pleasure of reviewing 122 papers submitted to SPE in the field of offshore facilities over the past year. Brent crude oil price finally has reached $75/bbl at the time of writing. So far, this oil price is the highest since before the COVID-19 pandemic, which is a good sign that demand is picking up. Oil and gas offshore projects also seem to be picking up; most offshore greenfield projects are dictated by economics and the price of oil. As predicted by some analysts, global oil consumption will continue to increase as the world’s economy recovers from the pandemic. A new trend has arisen, however, where, in addition to traditional economic screening, oil and gas investors look to environment, social, and governance considerations to value the prospects of a project and minimize financial risk from environmental and social issues. The oil price being around $75/bbl has not necessarily led to more-attractive offshore exploration and production (E&P) projects, even though the typical offshore breakeven price is in the range of $40–55/bbl. We must acknowledge the energy transition, while also acknowledging that oil and natural gas will continue to be essential to meeting the world’s energy needs for many years. At least five European oil and gas E&P companies have announced net-zero 2050 ambitions so far. According to Rystad Energy, continuous major investments in E&P still are needed to meet growing global oil and gas demand. For the past 2 years, the global investment in E&P project spending is limited to $200 billion, including offshore, so a situation might arise with reserve replacement becoming challenging while demand accelerates rapidly. Because of well productivity, operability challenges, and uncertainty, however, opening the choke valve or pipeline tap is not as easy as the public thinks, especially on aging facilities. On another note, the technology landscape is moving to emerging areas such as net-zero; decarbonization; carbon capture, use, and storage; renewables; hydrogen; novel geothermal solutions; and a circular carbon economy. Historically, however, the Offshore Technology Conference began proactively discussing renewables technology—such as wave, tidal, ocean thermal, and solar—in 1980. The remaining question, then, is how to balance the lack of capital expenditure spending during the pandemic and, to some extent, what the role of offshore is in the energy transition. Maximizing offshore oil and gas recovery is not enough anymore. In the short term, engaging the low-carbon energy transition as early as possible and leading efforts in decarbonization will become a strategic move. Leveraging our expertise in offshore infrastructure, supply chains, sea transportation, storage, and oil and gas market development to support low-carbon energy deployment in the energy transition will become vital. We have plenty of technical knowledge and skill to offer for offshore wind projects, for instance. The Hywind wind farm offshore Scotland is one example of a project that is using the same spar technology as typical offshore oil and gas infrastructure. Innovation, optimization, effective use of capital and operational expenditures, more-affordable offshore technology, and excellent project management, no doubt, also will become a new normal offshore. Recommended additional reading at OnePetro: www.onepetro.org. SPE 202911 - Harnessing Benefits of Integrated Asset Modeling for Bottleneck Management of Large Offshore Facilities in the Matured Giant Oil Field by Yukito Nomura, ADNOC, et al. OTC 30970 - Optimizing Deepwater Rig Operations With Advanced Remotely Operated Vehicle Technology by Bernard McCoy Jr., TechnipFMC, et al. OTC 31089 - From Basic Engineering to Ramp-Up: The New Successful Execution Approach for Commissioning in Brazil by Paulino Bruno Santos, Petrobras, et al.


2010 ◽  
Vol 14 (2) ◽  
pp. 83-93 ◽  
Author(s):  
Binu Parthan ◽  
Marianne Osterkorn ◽  
Matthew Kennedy ◽  
St. John Hoskyns ◽  
Morgan Bazilian ◽  
...  

2021 ◽  
Author(s):  
Sam Jones ◽  
Adam Joyce ◽  
Nikhil Balasubramanian

Abstract Objectives/Scope There are many different views on the Energy Transition. What is agreed is that to achieve current climate change targets, the journey to deep decarbonisation must start now. Scope 3 emissions are clearly the major contributor to total emissions and must be actively reduced. However, if Oil and Gas extraction is to be continued, then operators must understand, measure, and reduce Scope 1 and 2 emissions. This paper examines the constituent parts of typical Scope 1 emissions for O&G assets and discusses a credible pathway and initial steps towards decarbonisation of operations. Methods, Procedures, Process Emissions from typical assets are investigated: data is examined to determine the overall and individual contributions of Scope 1 emissions. A three tiered approach to emissions savings is presented: – Reduce overall energy usage – Seek to Remove environmental losses – Replace energy supply with low carbon alternatives A simple method, used to assess carbon emissions, based on an abatement of carbon from a cost per CO2 tonne averted basis is described. This method, Marginal Abatement Cost Curve (MACC), is based solely on cost efficiency. Other criteria such as safety, weight, footprint and reliability are not considered. Credible pathway for reduction of Scope 1 emissions is presented. Taking appropriate actions as described in the pathway, contributors are eliminated in a strategic order, allowing operators to contribute to deep decarbonisation. Results, Observations, Conclusions A typical offshore installation was modelled with a number of carbon abatement measures implemented. Results are presented as cost effective or non-cost-effective CO2 measures together with the residual CO2 emissions. Based on the data presented, many of the replace measures have a higher cost per tonne of CO2 abated than reduce and remove measure. These findings indicate that additional technological advancement may be needed to make alternative power solutions commercially viable. It also indicates that several CO2 abatement measures are cost effective today. The pathway proposes actions to implement carbon savings for offshore operators, it differentiates actions which can be taken today and those which require further technological advancement before they become commercially viable. The intent of this pathway is to demonstrate that the energy transition is not solely the preserve of the largest operators and every company can take positive steps towards supporting decarbonisation. Novel/Additive Information The world needs security of energy supply. Hydrocarbons are still integral; however, oil and gas operators must contribute to carbon reduction for society to meet the energy transition challenges. As government and societal appetite for decarbonisation heightens, demands are growing for traditional hydrocarbon assets to reduce their carbon footprint if they are to remain part of the energy mix. Society and therefore regulators will demand that more is done to address emissions during this transitional phase, consequently necessitating that direct emissions are reduced as much as possible. The pathway is accessible to all today, we need not wait for novel technologies to act.


2020 ◽  
Vol 163 ◽  
pp. 105072
Author(s):  
Gondia Sokhna Seck ◽  
Emmanuel Hache ◽  
Clément Bonnet ◽  
Marine Simoën ◽  
Samuel Carcanague

2019 ◽  
Vol 24 ◽  
pp. 26-31
Author(s):  
Md. Raisul Islam Sourav

This article contains a doctrinal analysis of the law and policy encouragement towards a low carbon energy transition in the Scotland. To do this, the present article is primarily focused on electricity sector of the Scotland and its commitment towards a low carbon transition in this sector in coming years. This article analyzes the existing significant laws and policies in Scotland that encourage towards a low carbon transition. However, it also evaluates international obligation upon the Scotland and the UK, as well, towards this transition. Subsequently, it assesses the UK’s legal framework in this regard. However, Scotland is firmly committed to achieve its targets towards a low carbon transition in the power sector although it needs more incentive and tight observation of the government to smoothen the process.


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