Road to ADIPEC 4: AI and optimisation
AI is one of the three “megatrends” identified at the recently held ADIPEC, but will it save the world - or doom it, given increased power needs?
AI is one of the three “megatrends” identified at the recently held ADIPEC, but will it save the world - or doom it, given increased power needs?
“If you needed to redesign all industrial systems such that they inherently capture CO2, at the lowest cost possible, how would you do it?”
Viewed from a challenging UK environment, the Middle East - with its enormous natural resources and supportive regimes - can seem like a utopia. The reality is different.
For many North Sea oil and gas supply chain firms, attending the annual ADIPEC conference in the Middle East has been a key part of efforts to expand internationally.
Despite the significant progress made in connecting the world’s population to the grid, nearly two billion people globally do not have access to clean cooking fuels.
Top European energy executives have denied backpedaling on the energy transition, in part by pointing to their investments in biofuels.
As the world races to decarbonise, oil and gas firms are under intense scrutiny for the greenhouse gas emissions associated with the hydrocarbons they produce.
Aberdeen drilling waste management firm TWMA has extended a contract in United Arab Emirates (UAE) in a deal worth $70 million (£54.3m).
Talk of the energy transition and the need to decarbonise tends to focus on production, but the other side of the equation - demand - must not be forgotten.
The Middle East has long been synonymous with the oil and gas industry, with approximately 30% of the world’s oil currently produced in the region.
Blue hydrogen is around half the price of green, he noted, after normalising for incentives and penalties. “The models show then that green hydrogen takes over, at around a decade out.”
Vulcan Completion Products (VCP), the Star Trek-inspired engineered product supplier to the global oil and gas industry, is enjoying considerable success in the Middle East.
ADNOC has announced a final investment decision (FID) on the Hail and Ghasha development, its largest ever gas development.
“The compact nature of the system will allow for convenient deployment to remote locations, helping Adnoc to cut emissions from its off-grid production activities,” said Power I.D.’s founder Naser Abu Daqqa.
The minister said the insurance issue was the last real barrier to EACOP. “The rest was politics”, she said.
SLB has launched a new screening and ranking solution designed to assess the capacity and economic viability of carbon storage sites during the ADIPEC conference in Abu Dhabi.
“I’ll be unequivocal here, we are fundamentally leaning in to develop the energy system of the future and we will do it profitably.”
“This is the year to show the world you are central to the solution. This industry can change the global debate and can change the global outcome,” Al Jaber said.
It was great to have Offshore Europe return to Aberdeen for the first time in four years at the start of September.
“Energy transitions will play out in different ways, and that means investing in different projects at different stages in different parts of the ecosystem,” Storch noted.
Reducing the carbon from oil and gas is critical to the energy sector meeting demand, but also to support transition plans around the world.
By creating and offering a full suite of carbon management solutions, major gas producers and exporters can create demand without fears of “locking-in” emissions or building “stranded assets”.
Tackling methane emissions should be an easy way to make progress in tackling climate change – and point to how willing the energy industry is to the energy transition.
International sanctions on Russian crude will reduce supply by 2 million barrels per day of crude, Windward AI CEO and co-founder Ami Daniel has predicted.
CNOOC Uganda has erected the Kingfisher rig on location, in Uganda’s western Lake Albert, as drilling plans move ahead.