Oil and Gas Vital to Foreseeable Future: IOGP
“Oil and gas is vital to an orderly energy transition,” said Iman Hill, Executive Director of the International Association of Oil & Gas Producers (IOGP).
In 2030, under the most aggressive global climate policy, oil demand will still be above 70 million barrels per day.
Achieving a low-carbon future requires a profound transformation in the way we produce and use energy that can only be achieved with a broad suite of technologies.
“History has shown us that the introduction of new energy sources and the transitions between those energy sources takes decades. This transition will take different paths in different countries. The developing world has vastly different needs, capabilities, and economic drivers.
“We all share the same goal, and the oil and gas industry has the experience, skills and resources necessary to help find a balanced way forward, one which benefits society as a whole,” she added.
Oil and gas will meet 46% percent of the global energy demand in 2030 – according to the International Energy Agency’s (IEA) 2021 World Energy Outlook Sustainable Development Scenario.
The industry – the source of reliable and affordable energy for many years – is making significant contributions in several areas: supporting the switch from coal to gas in power plants; reducing greenhouse gas emissions; and investing in renewables, biofuels, and carbon capture and storage (CCS).
CCS is key for heavy industries that are responsible for 20% of global greenhouse gas emissions. When retrofitted to existing power plants, CCS may save 600 billion tonnes of global emissions.
IOGP’s low carbon work program includes mitigating methane emissions and promoting low-carbon technologies such as Carbon Capture Utilization and Storage (CCUS) and blue hydrogen.
The Association has endorsed EU’s Green Deal that has committed to net-zero emissions by 2050 and supports the World Bank’s goal of zero flaring emissions by 2030.
Source: IOGP, “Oil and gas is vital to an orderly energy transition,” October 18, 2021.
Circumstances can crop up anywhere at any time if proper and safe sequence and procedures are not planned and followed. We encourage you to learn and use the TapRooT® System to find and fix problems.
TapRooT® has a team of investigators and instructors with years of extensive training ready to offer assistance worldwide. We also offer ongoing support to our clients through free newsletters and root cause tip videos, the root cause analysis blog, and our annual Global TapRooT® Summit.
Register for one of our courses. We offer a basic 2-day course and an advanced 5-day course. Contact us or call 865.539.2139 about having a course at your site or for further root cause analysis opportunities. We’re here to find solutions for you.
Contact us to discuss training your employees on-site. You may also call us at 865.539.2139 to speak to an instructor, schedule an executive briefing, or book on-site training for your team.
