Day 2 Wed, September 04, 2019最新文献

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Challenge of Temperature Control for Downhole Instruments in HTHP Reservoir 高温高压油藏井下仪表温度控制的挑战
Day 2 Wed, September 04, 2019 Pub Date : 2019-09-03 DOI: 10.2118/195712-MS
Wenkai Gao, Ke Liu, Hengtian Jia, Difeng Hong, Xinmiao Teng
{"title":"Challenge of Temperature Control for Downhole Instruments in HTHP Reservoir","authors":"Wenkai Gao, Ke Liu, Hengtian Jia, Difeng Hong, Xinmiao Teng","doi":"10.2118/195712-MS","DOIUrl":"https://doi.org/10.2118/195712-MS","url":null,"abstract":"\u0000 With the further exploration of oil and gas, we have to search for new resources which buried in deep strata, and most of the deep and ultra-deep wells are categorized in high-pressure/high-temperature (HPHT) wells. The problem of high temperature and the challenge to the existing downhole equipments are becoming increasingly prominent, where the drilling depth is severely restricted. The conventional measurement while drilling tools with common electronics will experience very high failure rates at these conditions.\u0000 One of the solutions is called the active cooling technology, which can transfer the heat from electronics system to downhole environment. By this way, the temperature control of downhole instrument circuit system is realized.\u0000 The active cooling technology is expounded in this paper, expecially about the principles and development status of each system. After evaluating and analyzing the characteristics of this technology, the function of heat transfer and constituent elements for the cooling system are summarized.\u0000 The study from this work demonstrates the future work for downhole cooling technology: large refrigeration capacity, small size, strong adaptability and modularization.","PeriodicalId":113290,"journal":{"name":"Day 2 Wed, September 04, 2019","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115158567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Alternative High Density Brines 可选高密度卤水
Day 2 Wed, September 04, 2019 Pub Date : 2019-09-03 DOI: 10.2118/195743-MS
M. Champeau, Xing Wei, P. Jackson, Changping Sui, Joyce Zhang, A. Okhrimenko
{"title":"Alternative High Density Brines","authors":"M. Champeau, Xing Wei, P. Jackson, Changping Sui, Joyce Zhang, A. Okhrimenko","doi":"10.2118/195743-MS","DOIUrl":"https://doi.org/10.2118/195743-MS","url":null,"abstract":"\u0000 Brines are preferred to solids-laden fluids for completion operations due to their solids-free nature, which helps preserve formation permeability. Salt selection is mostly driven by the density that must be reached to match downhole pressure requirements. When density must be above 14.2 lbm/gal (1.7 s.g.), and crystallization must be prevented, previous options were limited to calcium bromide brines, zinc bromide brines and cesium formate. These brines have severe limitations: zinc brines can be harmful to oilfield personnel and the environment, cesium formate brines are cost-prohibitive and not readily available and calcium brines cannot meet deepwater crystallization requirements.\u0000 A new brine technology has been developed, that is zinc-free and extends the density of conventional bromide brines beyond their theoretical limits. This new technology addresses the limitations listed above, while providing low True Crystallization Temperature (TCT) and Pressurized Crystallization Temperature (PCT) to perform in deepwater and cold weather applications.\u0000 This paper summarizes the completion fluid properties, laboratory qualification and verification, and summarizes recent successful field applications of the new high-density zinc-free brine.","PeriodicalId":113290,"journal":{"name":"Day 2 Wed, September 04, 2019","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129498429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
ACORN - A North East Response to Evolve and Thrive Through Decarbonisation ACORN -东北地区对通过脱碳发展和繁荣的回应
Day 2 Wed, September 04, 2019 Pub Date : 2019-09-03 DOI: 10.2118/195715-MS
D. Mackinnon, S. Gomersall
{"title":"ACORN - A North East Response to Evolve and Thrive Through Decarbonisation","authors":"D. Mackinnon, S. Gomersall","doi":"10.2118/195715-MS","DOIUrl":"https://doi.org/10.2118/195715-MS","url":null,"abstract":"\u0000 We all identify the need to integrate climate change into corporate strategy, with a profitable Carbon Capture Utilisation & Storage (CCUS) business model the elusive goal. Today, CCUS forms 10% of the R&D program of Total, a founding contributor to the OGCI Climate Investments fund. Here in the North East of Scotland, UK and Scottish Governments, along with project developer Pale Blue Dot Energy and Total are providing match funding to the European Commission’s Connecting Europe Facilities fund to progress feasibility work on the Acorn CCS project. As society continues to drive an expectation beyond hydrocarbons, what proposal might the North East of Scotland offer in response?\u0000 To meet ambitious emissions reduction targets, the UK must envisage radical changes to the energy economy. Already affecting power generation, these changes must drive further into transport and domestic/industrial energy consumption. Two technologies which may play a part in the decarbonisation of the UK energy business are CCUS and the use of Hydrogen as an energy carrier and energy store, with several studies showing that clean hydrogen is potentially the lowest cost route to meeting UK emission targets in multiple sectors. This builds on the UK’s world class gas network infrastructure, which can be repurposed to avoid becoming stranded, avoiding the enormous expense of increasing the capacity of the electricity transmission network, much of which would lie idle during the summer. The UK gas network carries approximately three times more energy than the electricity network, at one third the unit cost to consumers, and meets winter peaks that are five times greater.\u0000 Different to previous CCUS projects, and having the Oil and Gas Authority (OGA)’s first carbon dioxide appraisal and storage licence award, ACORN is an opportunity to evaluate a brownfield CCUS solution to capture, transport and store post-combustion CO2, combined with an upside through emerging pre-combustion CO2 capture technology relating to the production and sale of bulk hydrogen produced from natural gas with a zero-emission target. Located at the St Fergus Gas Terminal – an active industrial site where around 35% of all the natural gas used in the UK comes onshore. ACORN is designed as a \"low-cost\", \"low-risk\" CCUS project, to be built quickly, taking advantage of existing oil and gas infrastructure and well understood offshore storage sites. The Acorn Hydrogen project undertakes to evaluate and develop an advanced reformation process which will deliver the most energy and cost-efficient industrial hydrogen production process whilst capturing and sequestering CO2 emissions. An initial phase offers a full-chain demonstration project, an essential step toward commissioning the concept and subsequent commercialisation of large-scale CCUS and Hydrogen deployment in the UK.\u0000 SPE Offshore Europe represents an ideal opportunity to update both the region and industry on results, observations, and conclusi","PeriodicalId":113290,"journal":{"name":"Day 2 Wed, September 04, 2019","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126398417","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Deep Science Ideation to Create the Next Generation of Energy Sector Technology Start-Ups 深度科学创意创造下一代能源领域技术初创企业
Day 2 Wed, September 04, 2019 Pub Date : 2019-09-03 DOI: 10.2118/195738-MS
D. Millar, Alistair Owen, Dominic Falcâo
{"title":"Deep Science Ideation to Create the Next Generation of Energy Sector Technology Start-Ups","authors":"D. Millar, Alistair Owen, Dominic Falcâo","doi":"10.2118/195738-MS","DOIUrl":"https://doi.org/10.2118/195738-MS","url":null,"abstract":"\u0000 Innovation is critical to the future success of the oil and gas industry (Wood, 2014), particularly when addressing the challenges that the industry is facing. However, the sector has a reputation for being conservative, insular in its collaborative efforts and reluctant to adopt new technology.\u0000 As a way of addressing this, the TechX programme at the Oil & Gas Technology Centre has launched TechX Ventures in July 2018 – a partnership with Deep Science Ventures (DSV) – that combines deep science with engineering to create the next generation of start-up companies with technologies that will position the oil and gas industry for a sustainable future in a low carbon economy.\u0000 The start of the programme was a workshop held with industry, academia and the scientific community, to identify areas where new thinking and technology could open up significant opportunities. Three challenge themes were developed, each of which became an opportunity areas for DSV to address. These are:\u0000 Carbon negative operations - Effective, large scale, affordable carbon capture and storage solutions are essential to meet global emissions targets. TechX Ventures seeks to create new technologies that will allow the capture of carbon at source, safe storage and conversion to other useful products such as graphene and hydrogen.\u0000 Automated oil and gas - Oil and gas is playing catch-up with other industries, such as automotive and aerospace, when it comes to adopting robotics, automation and artificial intelligence. TechX Ventures aims to apply recent advances in these areas to North Sea operations to improve safety, enhance production efficiency and automate the decommissioning process.\u0000 Energy movement/storage - Extracting, transporting, storing and using oil and gas presents many challenges. TechX Ventures wants to revolutionise the movement and storage of energy from well to customer by creating technologies which convert the reserves to electrical energy at source, store and transport electrical energy and convert currently wasteful processes e.g. gas flaring to electrical energy.\u0000 As part of the TechX Ventures programme, DSV recruited thirty scientists and engineering experts from across the world to tackle the opportunity areas and at the end of the nine-month programme a total of six new start-up companies with new intellectual property were created and invested in by DSV. Of these six, two were selected to join the coveted TechX Pioneer accelerator programme run by OGTC in Aberdeen. These companies are called Eltera and Optic Earth.","PeriodicalId":113290,"journal":{"name":"Day 2 Wed, September 04, 2019","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122448427","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Solutions for Seal Gas Leakages Recovery in Methane Compression: Integration into Processing Lines or Gas Valorization Systems 甲烷压缩中密封气体泄漏回收的解决方案:集成到加工生产线或气体增值系统中
Day 2 Wed, September 04, 2019 Pub Date : 2019-09-03 DOI: 10.2118/195759-MS
Filippo Conforti, Luca Scarbolo, S. Cipriani, M. Falsini
{"title":"Solutions for Seal Gas Leakages Recovery in Methane Compression: Integration into Processing Lines or Gas Valorization Systems","authors":"Filippo Conforti, Luca Scarbolo, S. Cipriani, M. Falsini","doi":"10.2118/195759-MS","DOIUrl":"https://doi.org/10.2118/195759-MS","url":null,"abstract":"\u0000 Recovery and valorization of wasted gas associated to methane processing (i.e. leakages from rotating equipment and flared gas) has usually been avoided due to the inherently limited amount of gas of these streams. Moreover, the technical complexities are further enhanced when applied to aging infrastructures and old compression unit designs, making the solution complex and less cost-effective.\u0000 However, emission control regulation is progressively limiting the atmospheric release of gases from the hydrocarbon production and processing. These requirements have triggered the development of new technical solutions to limit even small gas streams typically neglected in the past. Typical examples of small leakages tolerated in gas processing are associated with the Dry Gas Seals (DGS) primary vents. The limited amount of gas released did not justify a recovery system, leaving flaring as the only viable option.\u0000 In this paper, the technical solutions for compressor DGS primary vent recovery are presented, with further discussion on the integration into the gas process. Financial sustainability of the solutions is also presented, with the analysis of two selected cases. The presented solutions are designed to reflect the positive impact of wasted gas reduction, contributing to reaching environmental sustainability targets in oil and gas.","PeriodicalId":113290,"journal":{"name":"Day 2 Wed, September 04, 2019","volume":"434 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126099647","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Adaptation Strategies of Oil and Gas Workers in the Arctic on a Shift Basis 北极油气工人轮班适应策略
Day 2 Wed, September 04, 2019 Pub Date : 2019-09-03 DOI: 10.2118/195735-MS
Y. Korneeva, N. Simonova
{"title":"Adaptation Strategies of Oil and Gas Workers in the Arctic on a Shift Basis","authors":"Y. Korneeva, N. Simonova","doi":"10.2118/195735-MS","DOIUrl":"https://doi.org/10.2118/195735-MS","url":null,"abstract":"\u0000 The study was carried out with the financial support of the Russian Foundation for Basic Research in the framework of the research project No. 18-013-00623. The development of mineral deposits in the regions of the Far North and the Arctic is a priority for the Russian Federation. The result of the adaptation of shift workers in the Far North should be considered as the formed adaptation strategies. The environmental and personal resources determine the adaptation strategies in the professional activities of shift workers. The optimal personal resource of adaptation strategies of shift workers corresponds to: adoption of others, moderate internality, integral indicator of adaptation, and programming as a regulatory process.","PeriodicalId":113290,"journal":{"name":"Day 2 Wed, September 04, 2019","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131287726","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Prevent Rather than Respond: Predictive Analytics for Health and Safety 预防而非应对:健康与安全的预测分析
Day 2 Wed, September 04, 2019 Pub Date : 2019-09-03 DOI: 10.2118/195771-MS
Heather Stewart, C. Aitken
{"title":"Prevent Rather than Respond: Predictive Analytics for Health and Safety","authors":"Heather Stewart, C. Aitken","doi":"10.2118/195771-MS","DOIUrl":"https://doi.org/10.2118/195771-MS","url":null,"abstract":"\u0000 This article describes a practical approach to applying predictive analytics techniques against safety incident and near-miss data to generate actionable insights that change safety outcomes in the field. Examples illustrate three critical ways to use safety data: 1) predicting where incidents are most likely to occur, informing where to place additional resources and effort; 2) understanding the combinations of causes and sub-causes that are creating incidents, improving the focus of safety programs; and 3) revealing which proactive safety activities will best mitigate incident types predicted to occur, increasing the effectiveness of preventive measures. The authors discuss typical data and implementation challenges and encourage companies to stop waiting for \"perfect\" data and, instead, start applying predictive analytics to deliver targeted safety insights to supervisors and workers in the field.","PeriodicalId":113290,"journal":{"name":"Day 2 Wed, September 04, 2019","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134164301","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Remote Sensing for Leak Detection and Quantification 遥感泄漏检测与量化
Day 2 Wed, September 04, 2019 Pub Date : 2019-09-03 DOI: 10.2118/195794-MS
L. Amin
{"title":"Remote Sensing for Leak Detection and Quantification","authors":"L. Amin","doi":"10.2118/195794-MS","DOIUrl":"https://doi.org/10.2118/195794-MS","url":null,"abstract":"\u0000 Offshore oil and gas installations are (by their nature) located in remote locations that are both difficult and costly to access. While such challenges exist, the operate & maintain requirements associated with such assets are consistent and must be addressed, requiring operators to identify the most efficient form of service to reduce staffing levels, risk and cost.\u0000 Offshore hydrocarbon production assets commonly incorporate equipment and processes that can lead to significant (fugitive) gas emissions. The consequences are both economic and social (environmental) in nature, requiring operators to perform emissions surveys with the objective of leak identification and remediation within the shortest possible timeframe. The frequency of this activity is naturally limited and must be balanced with the staffing and operating needs of the broader facility, which in-turn can lead to sub-optimal leak detection to fix timing and reliability.\u0000 Addressing the three key challenges of access productivity, detection reliability and results quantification, Worley has developed a remote sensing platform that incorporates the use of productive remote access equipment such as unmanned aerial vehicles (UAV) and in-situ monitoring, with machine based emissions detection and algorithmic quantification to provide a solution that allows the operator to increase survey frequency, obtain more reliable results at lower cost, and perform the work in a manner consistent with safe and low-risk operations.\u0000 In both testing and field deployments, the results have provided for significant reductions in both false positive and negatives and have produced datasets that allow for accurate indications of greenhouse gas reduction via comparison of volumetric emissions before and after leak repair activity has taken place.\u0000 The technology is largely mathematical, utilizing coded routines for machine learning to perform gas detection under (initially) supervised modeling conditions, and algorithmic gas dispersion models for further emission quantification. The performance of the survey is typically carried out through the integration of existing, proven manufactured sensing equipment across several types of UAV or in-situ monitors which collect field data for transmission to a cloud-based portal which further processes the results.\u0000 The approach has been shown effective in accessing hard or costly to reach areas, improving survey productivities, while the data processing and quantification allows the operator to benefit from improved measurability and prioritize leak repair accordingly.","PeriodicalId":113290,"journal":{"name":"Day 2 Wed, September 04, 2019","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121897456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Traits of a High Reliable Organization HRO 高可靠性组织人力资源主管的特征
Day 2 Wed, September 04, 2019 Pub Date : 2019-09-03 DOI: 10.2118/195714-MS
Andrew Dingee
{"title":"The Traits of a High Reliable Organization HRO","authors":"Andrew Dingee","doi":"10.2118/195714-MS","DOIUrl":"https://doi.org/10.2118/195714-MS","url":null,"abstract":"\u0000 Learning is a \"linear process\" for workers. It includes studying and understanding basic systems, normal procedures, and emergency procedures in an operational setting. Therefore, they must be developed for the frontline worker, from the frontline worker's perspective and in their words. Step by step procedures will describe the operation of equipment and the interaction of co-workers in the operational context without leaving the frontline worker any questions or assumptions - it is written with concept of operational-need-to-know. Once completed, they will capture the optimum efficient processes and improve your safety management system.\u0000 By borrowing best practices from the airline industry several oil and gas companies have been able to implement a system that prevents and traps human error. My presentation will share with your audience that the foundation to safety and efficiency is the creation of standard work for operators and contractors. Standard work that delivers quality work based on the development of procedures and checklists that work in harmony on the rig floor. We will highlight our success measured by the increased efficiency in fracking by over 300%, a reduction in crane incidents by 50% and the reduction of fatal control of work errors. All through the development of a standardization department which became the center for excellence for the operator and the contractor.\u0000 Standardization regarding operational procedures are still a new concept within the industry. Our team has produced tangible results which will be shared with the SPE membership in order to demonstrate the effectiveness of standardization and the increased safety and efficiency from it.","PeriodicalId":113290,"journal":{"name":"Day 2 Wed, September 04, 2019","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123819803","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An Increasing Focus on the UK Oil & Gas Industry's Emissions Management 英国油气行业的排放管理日益受到关注
Day 2 Wed, September 04, 2019 Pub Date : 2019-09-03 DOI: 10.2118/195723-MS
Rupert Thorne, R. Mittal
{"title":"An Increasing Focus on the UK Oil & Gas Industry's Emissions Management","authors":"Rupert Thorne, R. Mittal","doi":"10.2118/195723-MS","DOIUrl":"https://doi.org/10.2118/195723-MS","url":null,"abstract":"\u0000 As a result of the 2016 Paris agreement, the challenge of climate change and the imperative of moving to a low carbon economy has intensified. This challenge has been added to the traditional objectives of affordable and secure energy sources. These three criteria are the basis for the Energy Transition. Increasingly, investors, consumers and policy makers are looking to energy businesses to reflect all these criteria as the basis of their company culture and objectives.\u0000 This paper looks to explore opportunities for the UK oil and gas industry to further align itself with the drivers set out above and continue to promote investment into a sector that is key to delivering the Energy Transition:\u0000 Improved communication of carbon reduction and mitigation efforts at both a national and global level Increased collaborative efforts aimed at reducing emissions resulting from exploration and production offshore The potential for UKCS oil & gas companies’ involvement in carbon mitigation and storage\u0000 Over recent years, the offshore UKCS oil and gas sector has focused on improving cost efficiency in its offshore operations. This implies a commitment to continuously improve environmental performance despite the challenges of doing so in a maturing oil and gas basin, where maximising economic recovery from fields requires greater effort. Notwithstanding these challenges, the overall long-term trends in environmental performance are improving as a result of efforts by the industry.\u0000 Moving forwards, the benefits of effective emissions management will continue to intensify, beyond the regulatory requirements of environmental protection, as a result of two key drivers:\u0000 To maintain investor and public confidence – reducing both the carbon footprint of operations and carbon intensity of products used by consumers, will help position companies for a lower carbon economy. The business case - EU ETS Phase IV is modelled to cost the sector £2.2 billion from 2021 to 2030 as the cost of allowances is projected to increase combined with the reduction in free allowances. Therefore, reducing emissions at installations will continue to be imperative for improved environment performance as well as the continued economic viability of the installation.\u0000 The sector must therefore continue to adapt to these ongoing fundamental changes that are taking place in energy supply more widely. As with any industry, businesses need to respond to shifting economic and societal demands and the consequent changes in energy needs. Hence, the effective management of emissions must proliferate through both operations (exploration, production and transportation of hydrocarbons), and use of the products delivered.","PeriodicalId":113290,"journal":{"name":"Day 2 Wed, September 04, 2019","volume":"82 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117149089","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
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