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Leading companies in the oil and gas industry seek new avenues in renewable energy

Written by Valdemar Medeiros
Published 16/11/2020 às 12:21
renewable energies - oil and gas - contractor
solar power panel and helmet

Oil and gas industry contractors are making good use of their assets and have decided to invest in renewable energy

The success of renewable energy is without a doubt unquestionable, the number of major contractors in the oil and gas industry who are migrating to the renewable industry has increased by around 40% according to experts.

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This is not to say that all is well for the energy or oil and gas sector. The pandemic has delivered the biggest shock to the global energy system in more than seven decades, with a 6% drop in demand for 2020 – the equivalent of losing all of India's energy demand, the world's third-biggest consumer of energy. Coal, which is primarily responsible for this significant decline, has fallen so low this year that we believe the industry may never recover.

In general, the drop in demand for almost all major fuels is huge, especially for coal, oil and gas. But renewables are catching on and taking notice, according to a new report from the International Energy Agency. It projects that solar PV and wind power are on track to lift renewable power generation by 5% in 2020, as governments seize this lower demand opportunity to reduce dependence on fossil fuels and move to clean energy.

Oil and gas industry contractors embrace renewable energy

Subsea 7 has been taking advantage of idle capacity on its conventional subsea construction vessels through “double hatting” or conversion.

Mexican contractor Marinsa, which is part of the CEMZA group, is seeking to market the multipurpose support vessel using renewable energy.

Saipem of the oil and gas industry has already taken the lead in floating wind energy with pioneering operations at the Hywind Scotland wind farm, using the Saipem 7000 to mate WTGs and spars.

And in Brazil we have Petrobras in terms of oil and gas, which together with Total, a French company, signed a document together with the intention of investing in the construction of wind and solar power plants in Brazil. Petrobras' land areas in the Northeast and Total's technology will be used. The states in Rio Grande do Norte and Ceará are candidates to receive wind projects, due to the strong and abundant wind.

Valdemar Medeiros

Journalist in training, specialist in creating content with a focus on SEO actions. Writes about the Automotive Industry, Renewable Energy and Science and Technology

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