Low Emissions – The Key to our Future
Many large companies are committed to finding solutions for safer, cleaner and more efficient sources of energy. A line-up of expert speakers at AOG Energy 2021 will offer insights on how to achieve lower emissions and its long-term value to Australia’s economic growth.
Graham Gillies from Baker Hughes, an energy technology company that provide innovative solutions across the energy value chain, will be addressing how industries can meaningfully tackle climate change, in the near-term and in the long-term.
“We are bringing our core technology capabilities to enable net zero for energy and other industrial sectors, supporting our customers’ efforts to reduce their carbon footprints with a range of emissions-reduction products.”
For example, Baker Hughes’ latest compression technology used at Qatar’s Petroleum’s North Field East (NFE) project will help reduce CO2 emissions by approximately 5% per year compared to previous technologies. In addition, the company’s LUMEN ground-based and drone-based methane monitoring system helps detect, reduce and prevent methane leaks. This addresses one of the most pressing challenges in the oil and gas industry. Baker Hughes also partners with C3.ai to deliver enterprise AI solutions that helps raise the efficiency of oil and gas operations.
Baker Hughes was among the first in the oil and gas industry to make a commitment to lower carbon equivalent emissions by 50% by 2030 and zero by 2050, in line with the Paris Climate Agreement.
Deloitte’s Bernadette Cullinane is chairing the Low Emissions: The Key to our Future session.
Ms Cullinane believes the quest for carbon neutrality will drive economic growth, leading to a total rethink of corporate strategies and portfolio changes.
“This is a tectonic shift and will spur on a new wave of technologies across a more integrated, complicated, and interconnected energy value chain. New skills and expertise will be required to support this emerging energy ecosystem,” she said.
“It is clear that investment in renewable energy will increase significantly, meaning total oil production will decline as companies shift their focus towards gas and other sources of energy. New partnerships forged between energy technology providers, service companies and producers will support the production of green hydrogen, green ammonia, and bio-fuels.”
Forward Work Plans
This year’s event will be the first time the Forward Work Plans feature both contractors and suppliers. Operators including Woodside, Chevron, Santos, and Shell will provide and update on procurement schedules. Key decision makers will present on how to benefit from future plans of the industry.
Baker Hughes’ Graham Gillies said the LNG Jobs Taskforce plays a critical role in bringing together major operators and key technology providers across the oil and gas industry in Western Australia for sustainable production and supply of energy.
“The newest Forward Work Plan will help drive further collaboration in the industry and supply chains, ensuring that LNG remains viable and that we deploy the right technology for raising efficiency and lowering emissions,” he added.