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Decarbonization, Technology and Energy Transition Were the Most Discussed Topics During the Oil and Gas Event
The Rio Oil & Gas was an event that took place this week, from September 26 to 29, in Rio de Janeiro, at the Boulevard Olímpico. This event featured more than 400 exhibitors and 40 sponsors, bringing together major names in oil and gas from around the world. In this sense, there were several discussions regarding technology, energy transition, and decarbonization, as well as sustainable supply for the industry.
During the debates, oil and gas sector experts made their observations regarding the current market situation concerning the use of technology and future studies and projects. All of this was spurred by a scenario that requires urgent changes and an energy transition to avoid worsening the climatic situation. To learn more, continue reading.
Need for Investment in the Oil and Gas Sector Was One of the Main Points Raised to Stimulate Market Technology
Investment is one of the main aspects discussed in these debates. After all, to achieve technological advancements, it is essential to invest money. In this regard, Fernanda Delgado, executive director of the Brazilian Institute of Oil and Gas, pointed out that there is a need for an average of US$ 90 billion by 2026 in innovations.
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The largest South American oil company, Petrobras, is preparing for a historic leap in production with new FPSO platforms and the expansion of refining — projects that could add up to 900,000 barrels per day and strengthen Brazil’s energy security.
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Mature Fields Take Center Stage and Are Expected to Generate New Opportunities in the Oil and Gas Sector
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This amount would be allocated for promoting net-zero and new processes and technologies that are underway in partnership with the International Energy Agency. However, she also emphasizes that fossil and renewable fuels are not enemies. After all, they can be complementary in the pursuit of energy transition.
Investment in Technology in the Oil and Gas Industry Must Be Based on Sustainability
Another important aspect raised was that investment in technology in the oil and gas industry should be based on sustainability. Professor Millad Shadman from the Federal University of Rio de Janeiro points out that electrification and energy transition are the best paths for the sector to achieve carbon neutrality by 2050.
Additionally, the president of the Brazilian Wind Energy Association (ABEEólica), Elbia Gannoun, reports that the effort to achieve sustainability must be collective. In this sense, it is worth associating onshore and offshore wind energy and solar power to reduce carbon emissions. However, Brazil is one of the most interesting countries to invest in these segments of renewable energy.
Fernanda Delgado also recalled that Brazil stands out in energy transition and the use of biodiesel. According to her, we already have 85% of our electricity matrix fully renewable. She also points out that this has required refineries to adapt to new demands.
The Search for Economic Viability and Partnerships Was Also Raised in the Rio Oil & Gas Debates
It is clear that establishing partnerships and economic viability could not be overlooked. In this sense, the CEO of Forsea Engenharia, José Formigli, stated that the use of technology should focus on sustainability. However, it should also implement projects with high efficiency and greater economic viability.
Moreover, Maiza Pimentel Goulart, executive manager of the Petrobras Research Center, points out that technology has significantly contributed to the advancement of the pre-salt in Brazil. Additionally, partnerships with companies and research centers have allowed us to find and develop technology to explore this new oil reservoir.
However, infrastructure also plays a fundamental role in the development of the oil and gas sector in Brazil and could offer greater economic viability. After all, deactivated railways, for example, could transport a large amount of supplies with low greenhouse gas production, contributing to decarbonization.
The Diversity of the Energy Matrix Was Also Discussed in the Debates Among Major Names in Oil and Gas During Rio Oil & Gas
Finally, but no less importantly, the debates among major global oil and gas figures brought to light the importance of energy matrix diversity for the coming years. Some studies point to an increase of 25% to 30% in fuel demand by 2035. Therefore, having diverse fuel sources for energy generation will reduce carbon emissions.
The oil and gas industry companies have already begun to diversify the energy matrix in pursuit of greater sustainability. This brings greater competitiveness to the sector and stimulates the development and increasing use of renewable energy sources. These were just some of the important discussions that took place during the 2022 edition of Rio Oil & Gas.
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