HELPING THE ENERGY INDUSTRY TO NAVIGATE THE DECARBONISATION PATHWAY
Fossil fuels, including oil, coal and natural gas, supply around 80% of the world’s energy, but as recent events have illustrated, there is a need of a workable model for energy transition - one that is resilient enough to absorb external shocks, such as geopolitics and pandemics, yet pragmatic enough to reduce emissions linked to human activities.
Energy companies will not only play a key part of that transition, they will also have a leading voice in how that is achieved. Many of the innovations and technology we are seeing as part of the process are already coming from the oil and gas sector. Achieving net-zero emissions by 2050, however, needs to be weighed against a rising global population, increasing energy requirements and the cost implementation of reliable energy sources.
Meeting net-zero targets requires a fundamental transformation of the energy industry and CCUS, hydrogen, reducing methane emissions and new technology will play a central role in that process.
THE DECARBONISATION CONFERENCE
The Decarbonisation Conference, taking place in the Decarbonisation Theatre is a new and engaging programme gathering global experts to share their insights into the most innovative strategies and technologies centered on 4 pivotal themes for the industry: Methane, Hydrogen, Carbon Capture, Utilisation and Storage (CCUS), and New Energies.
The Decarbonisation Conference will feature a series of interviews and technical presentations from leading industry innovators and solution providers.
The conference will facilitate sessions aimed at providing the latest innovations that will enable all stakeholders to address the growing demand for green solutions, attract strategic partnerships and cross-industry participation, generate funding mechanisms, and convert innovative ideas into a practical solution towards leading a cleaner energy future.
KEY THEMES TO BE DISCUSSED AT THE DECARBONISATION THEATRE
Addressing the methane challenge
Is eliminating methane emissions from the upstream oil and gas industry the best short-term opportunity for contributing to climate change mitigation?
One of the most significant opportunities to reduce the oil and gas sector’s greenhouse gas footprint includes reducing methane emissions. Methane emissions efficiency can be economical for natural gas producers, with most methane emissions profitable or cost neutral to abate. In addition, methane emissions can be eradicated or minimised by applying a host of common sense practices, such as preventing venting during the exploration and production of natural gas, prohibiting flaring, avoiding fugitive emissions from valves and compressor stations, and making sure that burning is not incomplete.
Hydrogen: seizing momentum to achieve a clean energy future
Is hydrogen the solution for a greener future?
According to the Hydrogen Council, hydrogen can provide the lowest cost decarbonisation solution for more than 20% of final energy demand by 2050, contributing to a cumulated reduction of 80 gigatonnes of CO2. Hydrogen, produced from renewable electricity, has emerged as a promising fuel due to its high energy density, high conversion efficiency, storage potential, and the advantage of clean fuel. As a result, hydrogen has a key role in the global energy transition by helping to diversify energy sources worldwide, foster business and technological innovation as drivers for long-term economic growth, and decarbonise hard to-abate sectors.
Unlocking the full potential of CCUS: a key driver of low-cost decarbonisation
Will the coming decade realise the significant potential of CCUS to contribute to the achievement of net-zero emissions?
Carbon Capture Technology (CCUS) technologies offer significant strategic value in the transition to net-zero. CCUS can generate negative emissions by combining with bioenergy or direct air capture. With CCUS costs declining, and new business models that can improve the financial viability of CCUS emerging, the coming decade will be critical to scaling up investment in developing and deploying CCUS.
Exploring new energies: a gateway to the future of sustainable resources
Is the oil and gas sector investing enough in other sources of fuel and new technologies to succeed in their decarbonisation efforts?
The energy transition is characterised as the change from fossil fuels to cleaner sources of energy, primarily renewables. According to the IEA a new energy economy is coming into view, ushered forward by policy action, technology innovation and the increasing urgency of the need to tackle climate change. Many oil and gas companies have set net-zero carbon emissions targets and are exploring strategies and investments in wind, solar, biofuels, and electric vehicles to position themselves as broader energy providers, embracing the idea of becoming multi-faceted energy companies.