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European oil majors lead in blue hydrogen production, missed opportunities in renewable energy, emissions reduction.
A survey by Wood Mackenzie revealed that only 8% of wood production production projects low carbon hydrogen They are from large companies in the oil and gas sector. This represents an ability to 102,6 million tons per year (Mtpa), indicating a path to be followed towards a more sustainable energy transition.
As oil companies e oil and gas companies have a very small participation in low carbon hydrogen, totaling just 8% of global capacity. This evidence reinforces the need for investment and greater engagement by the energy sector in cleaner alternatives, such as green hydrogen and the blue hydrogen.
Scaling up low-carbon hydrogen in the next decade: European oil and gas companies
- 'The intention of these companies is to make operational projects industrial scale by 2030 to pave the way for industrial scale in the next decade', says Wood Mackenzie.
- The consultancy foresees rapid changes, with the market consolidation, which today attracts 750 participating companies, and the announcement of major projects by construction companies oil.
Equinor, bp and Shell leading low-carbon hydrogen initiatives
- Oil companies are concentrated in blue hydrogen, produced with natural gas associated with carbon capture and storage (CCS).
- The main advantages of blue hydrogen over green for oil companies are the competitive cost and the ability to deliver low-carbon hydrogen in Large scale, assesses Bridget van Dorsten, senior research analyst at Wood Mackenzie.
- As majors have 23% of blue hydrogen projects, but control only 5% of blue hydrogen projects green hydrogen announced. The majority are from European oil companies, which already have portfolios of renewable, wind and solar generation.
- 'The question is whether focusing on blue hydrogen can result in missed opportunities, once green hydrogen reaches an investment inflection point. After all, it is expected that the green hydrogen represent 70% of global supply of low-carbon hydrogen by 2050″, says van Dorsten.
Kerry criticizes Chevron for not adhering to methane and carbon emissions targets
US Special Presidential Envoy for Climate John Kerry criticized Chevron for not adhering to the goals of zero methane emissions by 2030 and carbon emissions by 2050, like other 50 oil companies did during COP28. ExxonMobil also did not join, but is adopting other measures in the same direction, according to him.
- Petrobras announces MEGA FPSO project in Sergipe: Discover how the country's LARGEST oil company will meet the growing global energy demand
- Galp and Petrobras compete for share in DISCOVERY of 10 billion barrels of oil
- 5.111 km and 38 billion cubic meters: China and Russia inaugurate one of the largest gas pipelines on the planet!
- Petrobras launches tender for FPSO platforms to serve one of the largest oil regions in Brazil: Sergipe Deep Waters SEAP-I and SEAP-II
- Chevron defended itself by stating that I had already set goals of reducing emissions and that 'no one company, country or industry can completely address climate change alone'.
Regulation of methane in the oil and gas sector by Alexandre Silveira
The Minister of Mines and Energy, Alexandre Silveira, said that The federal government intends to regulate methane emissions in the oil and gas sector in the coming years. He didn't talk about setting domestic goals.
- The guidelines will be proposed to the National Energy Policy Council (CNPE) by 2024, and it will be up to the ANP to complete the regulation until the end of 2025.
- A Petrobras signed the Charter for the Decarbonization of Oil and Gas' (OGDC, its acronym in English), in which it commits to 'practically zero' methane emissions 2030 up.
Carbon dioxide emissions from fossil fuels will reach record levels in 2023
- The forecast is that carbon dioxide (CO2) emissions will reach 36,8 billion tons in 2023, a 1,1% increase in relation to 2022, according to research from the Global Carbon Project released at COP28.
Oil at almost five-month low
Oil prices fell to a minimum of almost five months this Tuesday (5/12) due to a stronger dollar, concerns about demand and little effect from the cuts agreed at OPEC+.
- The futures of Brent fell 1,1%, to US$77,20 per barrel, while WTI fell 1%, to US$72,32 per barrel. It was the closure lowest since July 6.
Webinar “The future of Energy Comes from Vibra” in partnership with epbr and Vibra
A epbr, in partnership with Vibra, will hold on Thursday (7/12), starting at 9am, the webinar 'The future of Energy Comes from Vibra', where we will discuss the energy transition in transport and industry, with the new demands of society and investments for decarbonisation of fossil fuels, biofuels, SAF e electrification of fleets.
We will also address energy management and carbon offsetting, as the migration to the low-emissions economy It also involves consumer empowerment, with the wide opening of the free market, energy efficiency, distributed generation and self-production of energy
Lula wants to visit Guyana next year
President Luiz Inácio Lula da Silva (PT) said on Tuesday (5/12) who wishes to visit Guyana next year for the Caribbean Community (Caricom) meeting. He did not link the visit to the territorial dispute with Venezuela over the Essequibo region.
- 'Next year I have two trips I want to make: one is to a meeting of the African Union, of the 54 African countries, which will be in Addis Ababa, Ethiopia; and the other is in Guyana, a meeting of Caricom (Caribbean Community) countries. I want to participate in these because they are things that I am interested in talking to them about democracy, about the UN system, about financing', said Lula.
Fines for Braskem
The petrochemical received two fines in the amount of R$72 million from the government of Alagoas for the risk of collapse and collapse of mine 18, in the Mutange neighborhood, in Maceió. The company has already received 20 fines because of the mine.
- A fine was for Ambiental degradation and the other for omission of information. The company denied having omitted information.
- The deal provides for the payment of R $ 1,7 billion by Braskem, which is exempt from any other disbursement for damages related to the extraction of rock salt in Maceió.
Bill for voluntary certification of green lithium will be voted on
The Bill for voluntary certification of green lithium (PL 2809/2023), by deputy Adriana Ventura (Novo/SP), must be voted this week by the Chamber of Deputies.
- The proposal aims to value Brazil's potential in producing lithium with less carbon intensity. Currently, the Sigma Lithium is the only company in Brazil that meets the criteria established by the project.
New version of green hydrogen requirements includes biomass
A new version of the requirements for green hydrogen (H2V) from the Green Hydrogen Organization (GHO) – a private initiative that seeks to globally harmonize criteria for the energy source – included biomass as a renewable electricity source suitable for H2V production.
Coamo Agroindustrial decides to install the first exclusive corn ethanol plant in Paraná
Coamo Agroindustrial, the largest agricultural cooperative in Brazil, should decide on the 13th to install the first ethanol plant exclusively corn of Paraná, with the capacity to produce 258 million liters of ethanol per year.
Brazilian fertilizer market expected to grow 7,3%
The Brazilian fertilizer market should grow 7,3%, to around 44 million tons in 2023, compared to 41 million in 2022, said the president of Yara Brasil, Marcelo Altieri.
- The executive stated that the company is supporting the government's efforts to encourage the production of fertilizers and asked for more competitive gas.
- On Monday, Geraldo Alckmin defended the exemption from gas to fertilizers.
Aneel approves priorities for its regulatory agenda for 2024/2025
The National Electric Energy Agency approved the priorities of its regulatory agenda for 2024/2025, including topics ranging from regulation of new generation technologies to reinforcement of distribution and transmission networks for extreme weather events.
- Among the 30 points are: regulations for wind farms offshore and systems of energy storage, access to the transmission network by generators free market renewables, Among others.
Source: EPBR
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