Petrobras States That The Offshore Oil And Gas Market Will Remain Leader For Many Decades

Written by Valdemar Medeiros

Published on 08/12/2020 at 10:47

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Amid Energy Transition, Petrobras States That Offshore Oil And Gas Market Will Lead In The Coming Decades

As a leader in the oil market, Petrobras stated that the offshore oil, oil, and gas market still has much to experience and, regardless of the energy transition, the market will continue to generate jobs and innovations.

Energy Transition

“The energy transition is much more about a consciousness about the current model of production, consumption, and recycling of material and energy, and about the influence of this on climate change. We need to reflect on the origin and energy efficiency of the entire value chain of the products and services that each of us, citizens, companies, and institutions consume, including the post-consumption,” states Flávia Teixeira, Manager of Environment, Corporate Social Responsibility and Energy Transition at ENGIE.

For Petrobras, Energy Transition Is On The Radar, But Oil Will Have Space For Decades

Today, gasoline and diesel power about 90% of new cars sold worldwide. And these products are a very important part of the oil companies’ earnings. In the case of Petrobras, for example, 50% of the current production is gasoline and diesel for road transport.

ARTICLE CONTINUES BELOW

Petrobras Biorefinery 2030 Would Be A Plan For The Decline Of The Offshore Oil And Gas Market

The program foresees projects for the production of a new generation of fuels, more modern and sustainable than the current ones, such as renewable diesel and aviation bio-kerosene (BioQAv).

Renewable diesel is an advanced biofuel, produced from vegetable oils and with the same structure as conventional diesel, capable of reducing greenhouse gas emissions by 70% compared to regular diesel and by 15% compared to biodiesel. We have successfully concluded industrial-scale tests and are waiting for authorization from the National Energy Policy Council for the commercialization of renewable diesel in Brazil.

BioQAv will become mandatory in Brazil from 2027, and its hydrogenation process uses the same raw materials needed for the production of renewable diesel. The industrial units that produce BioQAv have renewable diesel as a co-product.

Petrobras States That The Offshore Oil And Gas Market Will Remain Leader For Many Decades

Amid Energy Transition, Petrobras States That Offshore Oil And Gas Market Will Lead In The Coming Decades

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Energy Transition

For Petrobras, Energy Transition Is On The Radar, But Oil Will Have Space For Decades

Petrobras Biorefinery 2030 Would Be A Plan For The Decline Of The Offshore Oil And Gas Market

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Petrobras States That The Offshore Oil And Gas Market Will Remain Leader For Many Decades

Amid Energy Transition, Petrobras States That Offshore Oil And Gas Market Will Lead In The Coming Decades

Read Also

Energy Transition

For Petrobras, Energy Transition Is On The Radar, But Oil Will Have Space For Decades

Petrobras Biorefinery 2030 Would Be A Plan For The Decline Of The Offshore Oil And Gas Market

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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