After a year’s absence, American OTC opened grandly! What are the new opportunities for the oil and gas industry?

We believe that the ocean is the future of traditional energy and new energy. ” The president of technipfmc subsea said at the opening group meeting of the international offshore oil and Gas Technology Conference (OTC).

OTC, which has stopped the epidemic for nearly two years, was held in Houston, USA, from August 16 to 19, North American time. This meeting adopted the combination of on-site and network, which attracted great attention in the industry after its opening. Many industry giants such as shell, total, BP, Chevron and Petrobras, industry associations such as the American Society of Petroleum Engineers (SPE), well-known oil service enterprises such as technipfmc, Baker Hughes, Halliburton and dril quip attended the event. Unfortunately, Schlumberger withdrew from the conference due to the increasing number of cases in Houston, but will still participate in other alternative ways.
Different from previous sessions, in addition to the oil and gas industry, research institutions, enterprises and experts in the fields of energy conservation and emission reduction, low carbon and new energy also attended the meeting. We focused on the topic of low-carbon and new energy that the industry is most concerned about, and reached a general consensus: in this field, offshore expertise and equipment are very important.
Today, the oil circle will share the views and practices of the two oil service enterprises on the issue of “decarbonization of oil and natural gas” to see how they prepare for the future of the offshore energy industry.

01. Technipfmc: focus on four new energy fields
Rands, President of technipfmc subsea, said, “in the coming decades, no matter what scenario you look at, oil and natural gas will be the main components of the energy structure. Therefore, we must focus on decarbonization of oil and gas. “
Last November, technipfmc launched the “50by30″ plan, which aims to reduce greenhouse gas emissions in scope 1 and scope 2 by 50% by 2030.
The company’s largest source of emissions is its offshore fleet. Therefore, the company focuses on two elements:
The first is biofuels“ The challenge for biofuels is availability, accessibility and affordability, and it will take years to achieve this goal. “
Second, mixed electricity. Earlier this year, the company converted its diving support ship deep Arctic to use hybrid battery power. This reduced emissions from ships by 20 per cent. This is the company’s second ship converted to hybrid battery power.
As for new energy, this old offshore oil service enterprise is committed to becoming “the architect and promoter of future energy transformation”. The company focuses on four key areas: wind energy, wave energy, green hydrogen energy and carbon storage.
Technipfmc has several partners in offshore floating wind and waves, including bombora. The two companies are carrying out the inpire (integrated semi submersible platform with innovative renewable energy) project to develop a hybrid system using bombora’s mwave technology. The hybrid system demonstrator will provide 6MW (2MW wave energy and 4MW wind energy), followed by series 1 and series 2 commercial platforms, which are expected to provide 12MW and 18mW respectively.

In the past four years, technipfmc has been developing deep purple energy system, taking offshore renewable energy as input and producing green hydrogen“ When there is more energy input than needed, hydrogen will be produced, converted and stored on the seabed. When the input of renewable energy is lower than the demand, we will re convert hydrogen into electric energy. ” Introduced by President Landes.
At present, a number of pilot projects and studies are being carried out by the company. The company is most interested in technical solutions for hydrogen storage.
02. Dril quip: industry reshaping, locking CCUs and geothermal
Dril quip CEO debery said that oil service companies must constantly find ways to help customers improve efficiency and participate in energy transformation. The oilfield services industry is undergoing a transformation that will reshape the industry, but it will take decades to complete.
Since the fall of oil prices in 2015, oil service companies have had to change the cost base of their offshore operations, and operators are also under pressure to reduce their own costs. With the increase of social pressure and the requirements of climate change and environmental governance, carbon reduction has suddenly become a key part of oil service business.
Decarbonization helps to promote the industry into a new era. Therefore, oilfield service companies should make maximum use of their existing technologies for carbon reduction.
De Berry said that according to dril quip’s current business and technology, it will lock in “carbon capture, utilization and storage” (CCUs) and geothermal, while other conventional businesses will continue.
He predicted that by 2035, the oil and gas on the market will decrease by 37 million barrels / day, of which 40% will come from offshore. Those buckets need to be changed. But even if rich countries continue to reduce their use of oil and gas, the rest of the world will still need them. Nearly 1 billion people in the world do not have access to electricity. He believes that even if the energy sector reduces carbon emissions, oil will still play a lasting role in the energy structure.

Post time: Sep-07-2021
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