The UK’s leading engagement platform for the Energy sector, Oil and Gas Vision (OGV), hosts a unique business breakfast ahead of the the Offshore Technology Conference (OTC) in Houston on Tuesday May 7th 2019 to help celebrate the 50th anniversary of the event. The event will take place at the Hilton Post Oak Hotel at 7am
Recognising the rapid digital and technological developments that are shaping the nature of the Energy industry, the Aberdeen based media company grants 120 delegates the opportunity to be at the forefront of industry advancements and engage with a panel of board level experts and influential figures delivering the latest technological insights for the Oil and Gas Sector.
OGV welcomes their attendees to observe presentations from a variety of organisation representatives, including;
Thomas Sunde, VP Technology at Subsea 7,
David Currie, chief executive officer at Proserv,
Steve Hamilton, technology manager at Xodus
Roderick Larson, president and chief executive officer at Oceaneering
Damian Bates, author and managing director of Abraitis and Co, has been confirmed as the facilitator for the event and additional time has been reserved for a question and answer session to allow discussion and clarify any queries attendees may have.
Guests will enjoy presentations exploring the topics of “Capability in new technologies” and “Business transformation in Oil and Gas”.
With an ever-growing popularity, the annual conference held at NRG Park, Houston, is believed to set new records in attendance, seeing the event render itself as a staple connotation of the industry.
In addition, as an industry first, OGV will be live streaming the business breakfast in partnership with Oil & Gas UK to all its members.
To register please go to https://www.oilandgasvisionjobs.com/business-breakfast
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In its latest Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts year-over-year decreases in energy-related carbon dioxide (CO2) emissions through 2021. After decreasing by 2.1% in 2019, energy-related CO2 emissions will decrease by 2.0% in 2020 and again by 1.5% in 2021 for a third consecutive year of declines.
These declines come after an increase in 2018 when weather-related factors caused energy-related CO2 emissions to rise by 2.9%. If this forecast holds, energy-related CO2 emissions will have declined in 7 of the 10 years from 2012 to 2021. With the forecast declines, the 2021 level of fewer than 5 billion metric tons would be the first time emissions have been at that level since 1991.
After a slight decline in 2019, EIA expects petroleum-related CO2 emissions to be flat in 2020 and decline slightly in 2021. The transportation sector uses more than two-thirds of total U.S. petroleum consumption. Vehicle miles traveled (VMT) grow nearly 1% annually during the forecast period. In the short term, increases in VMT are largely offset by increases in vehicle efficiency.
Winter temperatures in New England, which were colder than normal in 2019, led to increased petroleum consumption for heating. New England uses more petroleum as a heating fuel than other parts of the United States. EIA expects winter temperatures will revert to normal, contributing to a flattening in overall petroleum demand.
Natural gas-related CO2 increased by 4.2% in 2019, and EIA expects that it will rise by 1.4% in 2020. However, EIA expects a 1.7% decline in natural gas-related CO2 in 2021 because of warmer winter weather and less demand for natural gas for heating.
Changes in the relative prices of coal and natural gas can cause fuel switching in the electric power sector. Small price changes can yield relatively large shifts in generation shares between coal and natural gas. EIA expects coal-related CO2 will decline by 10.8% in 2020 after declining by 12.7% in 2019 because of low natural gas prices. EIA expects the rate of coal-related CO2 to decline to be less in 2021 at 2.7%.
The declines in CO2 emissions are driven by two factors that continue from recent historical trends. EIA expects that less carbon-intensive and more efficient natural gas-fired generation will replace coal-fired generation and that generation from renewable energy—especially wind and solar—will increase.
As total generation declines during the forecast period, increases in renewable generation decrease the share of fossil-fueled generation. EIA estimates that coal and natural gas electric generation combined, which had a 63% share of generation in 2018, fell to 62% in 2019 and will drop to 59% in 2020 and 58% in 2021.
Coal-fired generation alone has fallen from 28% in 2018 to 24% in 2019 and will fall further to 21% in 2020 and 2021. The natural gas-fired generation share rises from 37% in 2019 to 38% in 2020, but it declines to 37% in 2021. In general, when the share of natural gas increases relative to coal, the carbon intensity of the electricity supply decreases. Increasing the share of renewable generation further decreases the carbon intensity.
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2020
Note: CO2 is carbon dioxide.
GEO ExPro Vol. 16, No. 6 was published on 9th December 2019 bringing light to the latest science and technology activity in the global geoscience community within the oil, gas and energy sector.
This issue focusses on oil and gas exploration in frontier regions within Europe, with stories and articles discussing new modelling and mapping technologies available to the industry. This issue also presents several articles discussing the discipline of geochemistry and how it can be used to further enhance hydrocarbon exploration.
You can download the PDF of GEO ExPro magazine for FREE and sign up to GEO ExPro’s weekly updates and online exclusives to receive the latest articles direct to your inbox.
Headline crude prices for the week beginning 13 January 2020 – Brent: US$64/b; WTI: US$59/b
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