Grey, green or blue? What type of hydrogen is best for the environment?

The silver bullet of the energy sector is a fuel that offers zero emissions and reduces our impact on the environment. As the Royal Institute lectures noted in 2020, before humanity, the carbon in the atmosphere was 280 parts per million. Today, this stands at 415 parts per million, resulting in a temperature change of between 1.1 and 1.2 degrees. As a consequence, the climate is changing and governments are seeking solutions – especially when we can make connections between these emissions and the wildfires in Australia, for instance. There are many that wonder why industry hasn’t looked to hydrogenRead more

Flow Measurement in Industry

Flow measurement is essential to many industries. The monitoring of the rate of flow of air, gas, and water provides exact information to specialists who manage the efficiency and effectiveness of processes. It also helps in the detection of significant issues within a more extensive system. Liquid flow measurement can also provide data on the amount of that liquid that has been dispensed. For example, a flow computer could tell a company how much fluid is sold as a product to a customer. As you can imagine, an effective flow measurement system is essential to many industries. Here we exploreRead more

Hydrogen – The Future of Decarbonization for the Oil and Gas Industry

With climate change and the consequences of evolving weather patterns becoming a significant concern, the targets for the reduction of carbon emissions grow tighter. The challenge for the oil and gas sector is to seek a path to decarbonisation and remain a relevant force in the energy industry and beyond. The use of green hydrogen could either be the keystone of a low-carbon future of oil and gas or else a distraction from the real solutions. The potentials of hydrogen Hydrogen is a colourless gas that comes coded in the most colourful ways. Brown and grey hydrogen is produced eitherRead more

Upstream merger and acquisitions trends and considerations

Any exploration of upstream merger and acquisition trends and considerations has to start by stating the obvious, 2020 has been a turbulent time. It is not just in oil and gas that uncertainty has reigned, but in all aspects of the economy and society. Therefore, anything said in an analysis of 2020 and predictions for 2021 have to be delivered with a caveat. It is possible events may overtake the conclusions drawn. Trends The trends seem to point to a broad spread of transaction types, and many transactions are strategic, to help organisations deal with the general market uncertainty. ARead more

Does the oil and gas sector have a role in the energy transition?

While the natural assumption would be that oil and gas leaders would be opposing the energy transition, the reality is different. Although the global energy transition is a threat to the demand, social and financial future of the sector, they have a vital part to play in continuing international energy supply. The challenge The challenge for the oil and gas sector is the decarbonisation targets of most nations. The push to transition to more sustainable energy sources is a consequence of concerns over climate change and the resultant impact on our environment. Therefore, for industry leaders, there is a needRead more

How accuracy and efficiency can save the world – a case for better metrology

The state of the environment was brought into sharp relief with the COVID-19 pandemic. While you would have thought the world would be distracted by the virus, most were astonished by the improvement in the environment. The air cleared, wildlife emerged, and there was a sudden realisation that humans are the cause of the climate crisis. While the oil and gas industry is seen as a root cause of some of these issues, sustainability is possible with better use of technology. Producers and manufacturers of oil and gas-based products can contribute to saving the world. Here we make a caseRead more

The Commitment to Sustainability in the Oil and Gas Sector

It might seem oxymoronic to use sustainable and non-renewable energy in the same sentence. How can the oil and gas sector commit to sustainability when oil and gas resources are being depleted with each moment of discovery, extraction and production? However, if we apply an element of common sense, we can use the term sustainable in this context because the resources will continue to be available for an exceptionally long time. So, what does sustainability really mean? If we were looking for a definition of sustainability in the oil and gas industry it would likely be the pursuit of cleanerRead more

How the energy sector protects us from supply outages in uncertain times

When there is something as dramatic as a pandemic, it is right to feel concerned about the security of the infrastructure. Although energy sector workers are considered key to our day to day lives, we might worry that supply outages are a possibility with people becoming ill and continued maintenance a challenge. Yet, there has been no problem with energy supply in these uncertain times. Indeed, the National Grid announced that coal-powered power stations had not contributed to electricity supplies for two months, from the beginning of April through to June. It is right to question how the UK’s powerRead more

The impact of supply growth by non-OPEC producers

The Organization of Petroleum Exporting Countries (OPEC) is a cartel of 14 major oil-exporting countries. There are 12 oil barons who are said to control the world’s energy supply, with Ali bin Ibrahim- al-Naimi from Saudi Arabia said to have the most powerful voice. By regulating the supply of oil, OPEC attempts to manipulate the price of oil on the world market. The way the oil world used to work Researchers have identified the period between 1973 and 1997 as being the age of OPEC. There was dominance over oil production that meant OPEC held significant, direct influence over globalRead more

Is there a lack of technical talent entering the sector?

The simple answer to the question posed in the title is “yes”. Yes, there is a skills crisis in the oil and gas sector. More than half of those working in the industry believe that the skills shortage is the biggest challenge facing the industry now and into the future. Retirement of older talent The first factor causing a skills crisis is “The Great Crew Change”. Older workers are leaving, reaching retirement age, and taking the skills, expertise and knowledge along with them. This loss of institutional memory is worsened by a lack of focus on talent acquisition in recentRead more