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Five practical steps Oil & Gas can take to accelerate their energy transition

March 4, 2021 by Bart Valkhof, Pedro Gabriel Gomez Pensado and Wan Sayuti

The Oil & Gas sector has a role to play in the energy transition, and not just by winding down operations. That’s because they will, by most projections, continue to be a major part of the energy mix through to 2050. But their activities must transition too, explain Bart Valkhof, Pedro Gabriel Gomez Pensado and Wan Sayuti at the World Economic Forum. The sector must therefore work out which strategies and investments can produce the lowest … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CCS, CCUS, efficiency, flaring, gas, investment, jobs, JustTransition, methane, oil

Five key metrics investors need to steer Oil and Gas firms into decarbonisation

December 4, 2020 by Ben Ratner and Erin Blanton

If the oil and gas industry won’t commit to meaningful strategies and milestones to decarbonise, investors must make them, say Ben Ratner at the Environmental Defense Fund and Erin Blanton at Columbia University. Already, Covid has shown how vulnerable the sector is to unexpected change. If the sector refuses to factor in rising decarbonisation ambitions and policies across the globe that vulnerability will continue for decades. At the same time, … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: BP, Chevron, ESG, flaring, gas, investors, lobbying, methane, Occidental, oil, Pioneer, Repsol

New gas-to-methanol technology OxE could end oil well “flaring”

June 13, 2019 by Nichole Liebov

Oil wells also release natural gas. But it’s burnt off on site whenever the economics of collecting and piping it don’t add up (gas can’t use the existing petroleum infrastructure). What if it could be converted into methanol, says Nichole Liebov at the University of Virginia. She describes a new process called oxyesterification (OxE) that converts methane (the main constituent of natural gas) into methanol cost effectively at low temperatures … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CO2, emissions, flaring, gas, methane, methanol, oil

IEA clean energy progress report: Only 7 technologies/sectors on track, 38 not

June 5, 2019 by IEA

Of the 45 energy technologies and sectors assessed in the IEA’s latest Tracking Clean Energy Progress (TCEP) report, only 7 are on track with the IEA’s Sustainable Development Scenario (SDS). It’s their latest and most comprehensive assessment of clean energy transitions. “On track” includes energy storage, EVs and solar PV. But buildings, car, flaring and methane emissions are still rising. This year’s TCEP puts much greater emphasis on … [Read more...]

Filed Under: Climate policy, Energy, Innovations Tagged With: buildings, EVs, flaring, IEA, methane, solar, storage, transport

Most read this week

  • ‘Green Deal Industrial Plan’ explainer: 40%+ of the top low-carbon technologies must be made in the EU by 2030 by Daisy Dunne | posted on March 24, 2023
  • What is the future of Woody Biomass in the EU energy mix? by Simon Göss | posted on March 21, 2023
  • Blending Hydrogen into the gas network: the challenges of pipeline fractures, faster flow rate + more by NREL | posted on March 10, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Hydrogen’s innovation pipeline: signals strong ahead of World Hydrogen Summit in Rotterdam, May 9-11, 2023 by Ian Shine | posted on March 21, 2023
  • Should U.S. DOE risk funding methane-based Hydrogen production when CCS is still not proven? by Suzanne Mattei | posted on March 27, 2023
  • Understanding the new EU ETS (Part 2): Buildings, Road Transport, Fuels. And how the revenues will be spent by Simon Göss | posted on February 6, 2023
  • Silicon Valley Bank failed. Don’t blame the Climate Tech it backed by Rushad Nanavatty | posted on March 23, 2023
  • Buildings “Energy Performance Certificates”: piloting new tools to ramp up renovations by Patricia Contreras Tejada | posted on March 20, 2023
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • The 10 big problems with simply replacing fossil cars with electric by Schalk Cloete | posted on December 6, 2021
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more by Alex Schmitt | posted on December 6, 2022
  • Hydrogen production in 2050: how much water will 74EJ need? by Herib Blanco | posted on July 22, 2021
  • Extract CO2 from our air, use it to create synthetic fuels by James Conca | posted on October 11, 2019
  • U.S. IRA: what can Europe do to stop its firms relocating to America? by Charles Wessner | posted on March 17, 2023
  • New U.S. study: damage per ton of CO2 costs $185, not the official $51 by Maximilian Auffhammer | posted on October 7, 2022
  • EU ETS and CBAM: what the big update to emissions trading rules means for Europe’s key sectors by Simon Göss | posted on January 16, 2023
  • Electricity Market Design: how can reforms accelerate the transition and help cut energy prices? by Simon Göss | posted on February 13, 2023

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      Recent Posts

      What is the future of Woody Biomass in the EU energy mix?

      Geothermal’s full potential: 24/7 power everywhere, storage, environmental mineral extraction

      The problem with CO2e: we need separate emissions data for each climate pollutant (methane, soot, etc.)

      Should U.S. DOE risk funding methane-based Hydrogen production when CCS is still not proven?

      ‘Green Deal Industrial Plan’ explainer: 40%+ of the top low-carbon technologies must be made in the EU by 2030

      Silicon Valley Bank failed. Don’t blame the Climate Tech it backed

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