Major players in the oil and gas industry discuss the importance of technology to meet environmental goals and sustainable supply, during Rio Oil & Gas

Decarbonization, technology and energy transition were the most discussed topics during the oil and gas event

Rio Oil & Gas was a event that happened this week, between the 26th and 29th of September, in Rio de Janeiro, on the Olympic Boulevard. This event had more than 400 exhibitors and 40 sponsors, bringing together big names in oil and gas from all over the world. In this sense, there were several debates regarding technology, energy transition and decarbonization, in addition to the sustainable supply of the industry.

During the debates, experts from the oil and gas sector made their notes regarding the current market situation in the use of technology and future studies and projects. This was all stimulated by a scenario that requires emergency changes and an energy transition to avoid worsening the climate 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, in order to advance in technology, it is essential to invest money. In this sense, Fernanda Delgado, corporate 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.

This amount would be used to promote the netzero and new processes and technologies being underway in partnership with the International Energy Agency. However, she also points out that fossil and renewable fuels are not enemies. After all, they can be complementary in 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 must be based on sustainability. The professor at the Federal University of Rio de Janeiro, professor Millad Shadman, points out that electrification and the energy transition are the best ways for the sector to reach carbon neutrality by the year 2050.

In addition, the president of the Brazilian Association of Wind Energy (ABEEólica), Elbia Gannoun reports that the effort to achieve sustainability must be joint. In this sense, it is worth associating onshore and offshore wind and solar energy to reduce the carbon percentage. However, Brazil is one of the most interesting countries to invest in these segments. renewable energy.

Fernanda Delgado also recalled that Brazil stands out in terms of energy transition and the use of biodiesel. According to her, we already have 85% of our electricity matrix completely 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 debates at Rio Oil & Gas

It is clear that the establishment of partnerships and economic viability could not be left aside. In this sense, the CEO of Forsea Engenharia, José Formigli, stated that the use of technology should be geared towards sustainability. However, it must also put into practice projects with high efficiency and greater economic viability.

Nevertheless, Maiza Pimentel Goulart, executive manager of the Petrobras Research Center, points out that technology has already contributed a lot to the advancement of pre-salt in Brazil. In addition, partnerships with companies and research centers made it possible for us to find and manage to develop a 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 railroads, for example, could transport a large amount of inputs with little production of greenhouse gases, contributing to decarbonization.

The diversity of the energy matrix was also on the agenda in debates with big names in oil and gas during Rio Oil & Gas

Last but not least, the debates between the big names in the world oil and gas brought to light the importance of diversity in the energy matrix for the coming years. Some studies point to a 25% to 30% increase in fuel demand by 2035. Therefore, having different forms of fuel for power generation will reduce carbon emissions.

Companies in the Oil and Gas industry have already begun to diversify their energy matrix, in search 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 by Rio Oil & Gas.

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