Society of Petroleum Engineers International’s Post

Why Understanding the Upstream Oil and Gas Lifecycle is Your Key to Understanding the Next Big Energy Bet. How Oil’s Past Unveils Hydrogen’s Horizon. Can We Compare it to Geological Hydrogen? The oil and gas industry, a cornerstone of the global energy supply, operates through a complex lifecycle that spans decades. From the initial exploration to the final decommissioning, each phase plays a crucial role in the development of our energy resources. The journey begins with exploration, a phase that can last 1-5 years, where companies invest in geological surveys to identify potential oil and gas reserves. This phase is marked by high uncertainty, with many explorations not leading to viable sources. Appraisal and development follow, lasting 4-10 years each. These stages involve a detailed examination of discovered reserves and preparation for extraction, including infrastructure development and community engagement. The production phase, extending 20-50 years, is where the actual extraction occurs, contributing significantly to global energy supplies but also facing fluctuating production volumes and environmental challenges. After decades of production, the lifecycle concludes with the decommissioning phase (2-10 years), focusing on site restoration and environmental monitoring. This phase underscores the industry's commitment to minimizing its ecological footprint. Comparatively, the development of geological hydrogen projects might mirror this lifecycle, albeit with unique challenges and timelines due to the distinct nature of hydrogen as an energy source. ✍️Will innovative technologies and environmental considerations lead to shorter, more sustainable development cycles? ~~~ If this was useful, please reshare ♻️ directly and follow Delphi Data Labs for more insights. Turn on notifications in our profile for all new posts to learn how to navigate the global hydrogen market with ease. #OilAndGas #EnergyIndustry #SustainableEnergy #RenewableEnergy #EnergyTransition

On 5 December, European Federation of Geologists is hosting the webinar ‘Changing Gear: New roles in the Energy Expansion’ (Transfer of Skills From Oil & Gas to Other Sectors). Included in the specialist speakers is our own Co-founder, Rosalie Constable - find more information and sign up here: https://buff.ly/47ek5sR "The energy transition brings uncertainty, but also opportunity. We take a look at the evolving roles and careers of a number of geoscientists and managers who have pivoted out of the oil and gas industry over recent years. The webinar aims to provide useful insights into alternative career opportunities including geothermal, hydrogen, helium exploration and CCUS. All the “Energy Expansion” career paths require conceptual thinking, a commercial mindset, scientific rigour, excellent communication skills, project management…. and a deep understanding of the Earth. Geoscientists are therefore ideally placed to help deliver energy expansion in a range of industries due to their innate abilities and transferable skills." #webinar #energy #sustainability #oil&gas

I'm looking forward to participating in this discussion next week and hearing about the range of directions people have gone with their career in the energy transition. The event is hosted by the European Federation of Geologists on 5th Dec - registration link is below. #energytransition #changingwork #energy #geoscience

What would be the motivation for a young geoscientist to join the workforce in the oil and gas industry? Leaders from both the industry and outside the industry keep signaling that there is no future for them. CCUS is presented as the only possible alternative, and the economics are not clear. Leaders in the industry keep dismissing the value of Geothermal because it doesn't provide the returns that oil and gas does. Maybe they should start looking at this from a different perspective. In contrast to oil and gas resources, geothermal is a resource that doesn't deplet as you produce it. I am convinced that we as geoscientist have a lot to offer to make geothermal viable.

To deliver the energy transition we’ll need a lot of skilled labor, craft, and engineering. From the pipeline to down-hole, the skill sets of the petroleum engineers, geologists, subsurface engineers, permitters, and in-field operators are omnipotent. As we’ve seen with the electric ⚡️ T&D systems across the US, the system has become overwhelmed with interconnection requests such that the agencies don’t have the resources to keep up. OEMs can’t produce fast enough. And the federal and state permitting agencies are under funded and underwater. The unfortunate news is the the number of students majoring in petroleum engineering has been and is on the decline. As are a number of other estential majors in related fields that will be estential to delivering a clean and prosperous energy transition for all. The Society of Petroleum Engineers International is estential in helping the industry get the numbers of students majoring in this field back up to support what’s coming. That’s why, as net zero pioneer, I’m pleased to support this great organization. See you in Houston.

Working in energy never fails to bring new challenges, inspiration, and excitement into your professional life! Yesterday reminded me of one of the key reasons why I love my job. I had the honor of presenting on behalf of Rystad Energy to 40 students enrolled in the Executive Master in Energy, which BI Norwegian Business School offers in collaboration with IFP School in Paris. Where else would you have the opportunity to enter a room and have a discussion on a topic you are extremely passionate about with professionals from nine different industries, from 23 different countries, and with work experience ranging from 5 to more than 20 years? Just some of the topics that we covered included the risk of underinvestment in the upstream sector, the KPIs organizations use to map future projections amid the energy transition, whether oil and gas companies are looking into critical mineral exploration, and more. A big thank you to BI for having me as a speaker, to Helge Hove Haldorsen for organizing this opportunity, and to all the students for their engaging discussions, many interesting questions, thought-provoking ideas, and inspiration. It feels like those two hours were very productive and beneficial for all involved, which I could tell from the level of interaction we had. Without being too humble, I can say the presentation on “How Oil & Gas Companies are Navigating the Energy Transition” was received well! #RystadEnergy #energytransition #sustainability #corporatestrategy

The Oil and Gas Industry Faces New Challenges in an Evolving Energy Landscape ⛽ Facing a rapidly evolving energy landscape, the oil and gas industry encounters significant challenges and opportunities. From sustainability to technological advancements, the sector must adapt to remain effective. 🌿 Improved recovery from tight and shale resources is critical, with global demand for oil and natural gas projected to rise through 2050. Horizontal drilling and hydraulic fracturing have unlocked these resources, but production from shale wells has declined rapidly. Enhancing recovery while minimizing environmental impact requires innovative fracturing techniques. 💧 Achieving net-zero emissions in upstream operations is another significant challenge. In 2020, emissions from oil and gas operations contributed substantially to global greenhouse gas emissions. The industry must tackle methane releases, CO2 venting, and flaring while upgrading infrastructure to minimize fugitive emissions. Integrating renewable energy and low-carbon solutions is essential to address emissions concerns. 🌱 Carbon capture, utilization, and storage (CCUS) is indispensable in reducing global greenhouse gas emissions. This technology separates CO2 from industrial processes, enabling its storage in saline aquifers or depleted hydrocarbon reservoirs. Successful CCUS implementation requires reducing energy use and costs for CO2 capture and developing regional supply chains. 🌬️ Geothermal energy offers a sustainable, low-carbon base load power source. The synergy between hydrocarbon and geothermal production technologies presents an opportunity to repurpose oil and gas wells for geothermal power. However, geothermal drilling costs remain high, and efficient mapping of subsurface heat flow and fracture networks is needed. 🌋 Digital transformation is essential for reducing costs and improving efficiency in the oil and gas industry. The sector must move from digitalizing existing processes to fundamentally redefining them through new technologies. Cloud computing, AI, machine learning, and automation can revolutionize business models and enhance upstream production. 🤖 The next decade will be pivotal for the oil and gas industry. Embracing new technologies, achieving sustainability goals, and engaging in effective advocacy are essential for navigating the challenges ahead and ensuring a secure energy future. 🔋 #OilAndGas #EnergyTransition #Sustainability #DigitalTransformation #GeothermalEnergy #CarbonCapture #NetZero #IndustryChallenges Source: https://lnkd.in/g29HU58b

Course Title: "Energy Transition for Petroleum Professionals" Instructor: Nathan Meehan, PhD (https://lnkd.in/gdQdbDzu) Date: November 06-08, 2023 Format: In-Person / Houston, TX Description: Learn about the role of fossil fuels in a world with increasing drivers away from them. Practical approaches to minimize the carbon impact of oil and gas operations are presented. Learning outcomes include understanding the key drivers for alternative energy and the energy transition, quantitative ways to evaluate carbon intensity of oil and gas operations and ways to lower that impact, key policy issues associated with the energy transition, and carbon capture, utilization, and storage (CCUS) and other major opportunities to profit from the energy transition. Additionally, use the following link to view a webinar recording of a sample topic from the course titled "Energy Transition - The Next Step to Net Zero": https://lnkd.in/gpm6ytCT, Register today: https://lnkd.in/gEi7JjTz. #energyindustry #energytransition

I had the privilege of being interviewed for The Way Ahead, SPE's publication by and for young professionals, to discuss underground storage and the role it plays in both domestic and international energy infrastructure. I spoke with former TWA Editor in Chief Michael Cronin, PhD, PE about the importance of storage for energy security and reliability, discussed what makes for a successful storage asset and operation, and explored career opportunities in the midstream sector. If you've ever been curious as to what exactly I mean every time I reference "underground storage," this interview does a great job of summarizing the technical and commercial aspects of the industry in a very easy to digest conversation. I appreciated the format and hope the discussion is useful to those interested in this extremely important yet often overlooked piece of the energy sector. You can view the video here: https://lnkd.in/ggJXfpNj #spe #wearespe #petroleumengineering #oilandgas #oilandgasindustry #energy #energystorage #energytransition #naturalgas #undergroundstorage

I absolutely love my job. While researching information on German gas storage, I came across some United Nations documents from 1990! These documents really highlight how significant and long-standing the global interest in energy has been. It's incredible to see how energy concerns have been at the forefront for decades! Publications under the auspices of the United Nations promote international policy dialogue and cooperation between governments, the energy industry and other stakeholders. These documents facilitate critical conversations and collaborative efforts to address global energy challenges and develop sustainable solutions. And as you can see, the hot topics discussed in 1990 are still relevant today: "The role of storage in balancing natural gas supply...", "Storage and security of supply...", "Modelling the impact of gas storage facilities..."... https://lnkd.in/et_-nYAu https://lnkd.in/epqPD7s6