The Paris Agreement aims to keep the increase in global temperatures well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. To do this will require a rapid cut in current rate of CO2 emissions and programmes to actively remove CO2 throughContinue reading “io consulting’s progress to net zero watch”
Category Archives: Insights
future-proofing the offshore industry
The energy transition and the UK’s drive to net-zero requires the oil and gas industry to embrace energy efficient operations, while supporting the growth of CCS, offshore renewables, and hydrogen. Oil and gas as a source of energy is a significant fraction of the 2050 energy mix, despite many opinions in the popular press toContinue reading “future-proofing the offshore industry”
Fuel cell electric vehicles market & infrastructure considerations
References: https://fuelcellsworks.com/news/in-2019-83-new-hydrogen-refuelling-stations-worldwide/ https://www.iea.org/reports/hydrogen io Fuel Cell Electric Vehicle Calculations.xlsx https://www.nrel.gov/docs/fy13osti/56412.pdf https://fuelcellsworks.com/news/california-fcev-sales-fceb-hydrogen-station-data-as-of-june-1-2020/ https://cafcp.org/blog/california-fuel-cell-revolution-vision-2030
Why oil & gas companies should pivot to hydrogen
The oil & gas industry will still be producing gas for at least another two decades to cater for at least 22% of the world’s energy consumption even in the IEA 2°C Scenario (2DS) as discussed in our earlier article[1]. Currently the industry still has social licence to operate and the larger exploration and productionContinue reading “Why oil & gas companies should pivot to hydrogen”
CCUS – How smaller E&Ps can get involved & maximise value
With the rise of clean, emission free renewable energy sources, oil & gas is becoming a smaller proportion of total global energy demand [1]. The oil & gas industry is responsible for a significant share of carbon emissions, with the 20 largest carbon emitters having contributed to 35% of total carbon emissions since 1965 [2].Continue reading “CCUS – How smaller E&Ps can get involved & maximise value”
Middle East Energy Transition – Can the Jafurah gas development release all Saudi oil for export?
This week various press articles[1][2][3] lauded Saudi Aramco’s announcement of the commitment to develop the Jafurah gas field for a mere USD 110bn, which will release some 2Bcf/day and a recoverable reserve of 200 Tcf. io explores this issue and contends that Saudi Aramco will be able to achieve its goal of removing theContinue reading “Middle East Energy Transition – Can the Jafurah gas development release all Saudi oil for export?”
The Energy Transition
What can Independent Oil Companies learn from the Majors? Every day it seems the pressure and rhetoric increase in relation to climate change. In response, the Major oil and gas companies (Majors) have taken steps to evolve their operations. Many have made investments in renewable power generation and seek to find alternative revenue streamsContinue reading “The Energy Transition”
Starting the Energy Transition in E&P – Part 1
Introduction The world will still need oil and gas in 2050, even in the IEA 2°C Scenario[1] (2DS) – where oil provides 29% of the energy supply and gas 22%. However, the era of Energy Transition based on the consensus view of Climate Change is here and beginning to influence traditional oil and gasContinue reading “Starting the Energy Transition in E&P – Part 1”
What colour is your Hydrogen?
Hydrogen as a New Energy Carrier The term “hydrogen economy” refers to the vision of using hydrogen as a low-carbon energy carrier and as a substitute for current fossil fuel-based transport and heating. Hydrogen is attractive as when burned to produce heat or reacted with oxygen in a fuel cell to produce electricity, theContinue reading “What colour is your Hydrogen?”
Creating greater certainty in our professional decision-making
In 2017, the UK Oil & Gas Authority (OGA) published a study of lessons learned from UK Continental Shelf (UKCS) oil and gas projects between 2011 and 2016. It found that since 2011, fewer than 25 per cent of oil and gas projects have been delivered on time, with projects averaging 10 months’ delay andContinue reading “Creating greater certainty in our professional decision-making”
A more connected Energy Transition
Australian Energy Week 2019 io consulting (io) attended this year’s Australian Energy Week in Melbourne and found a clear example of the importance of needing an integrated commerical, technical and strategic approach to projects. While the latest technical wares are brightly displayed amongst the exhibits, it was the risks and problems associated with marketContinue reading “A more connected Energy Transition”
What’s the best way to remove a climate change protester who has glued themselves to a train?
Given io’s central London location, it will come as little surprise that the Extinction Rebellion demonstrations have featured prominently during recent lunchtime conversations. While ideas about the best way to remove a peaceful protester from a Docklands Light Railway (DLR) carriage probably didn’t generate our best examples of Powerful Thinking, other discussions got peopleContinue reading “What’s the best way to remove a climate change protester who has glued themselves to a train?”
Reflections from the 20th BHGE Annual Meeting
io attended another great Baker Hughes, a GE company, (BHGE) Annual Meeting (AM) in Florence in January 2019. This year it’s the 20th anniversary and accordingly it was the biggest and most extensive to date with the arena spilling over and into the Stazione Leopalda. Lorenzo Simonelli opened the AM, commented the special placeContinue reading “Reflections from the 20th BHGE Annual Meeting”
Digitalisation, an evolution or revolution for E&P?
The SPE [1] Asia Pacific Digital Symposium last week was hosted in Kuala Lumpur Malaysia, and io’s John Ciccarelli (Senior Reservoir Consultant) was there to present and catch up on some of the latest industry thinking. The event began with the key note address from Wan Shamilah Wan Muhammad Saidi (CTO at Petronas) whoContinue reading “Digitalisation, an evolution or revolution for E&P?”
Associated gas – now it’s your turn to stand up and be counted!
Introduction Since George H. Bussell and Edwin L. Drake made the first successful use of a drilling rig on a well drilled specially to produce oil, (Oil Creek near Titusville, Pennsylvania, 1859), the industry has learnt about the environmental consequences of oil and gas extraction. Over time, governments have worked alongside the extractive industryContinue reading “Associated gas – now it’s your turn to stand up and be counted!”
