As the impact of Green House Gas Emissions on the climate and atmospheric conditions has become a matter of concern for citizens all over the world, most governments and International organisations, it is essential that we embark on the road to an efficient Energy Transition. Everybody: companies, governments and individuals will have to lower their Carbon Footprint. Cubes3 Oil and Gas in cooperation with STEPS are ready to help companies to plan and monitor progress towards the low carbon future. We can help you to develop KPI’s including GHG / CO2 emission estimates and energy consumption for Business Units and Projects.
Geothermal energy is a great solution for heating of greenhouses and buildings. Production and Injection capacity can be calculated using reservoir properties (depth, thickness and permeability). Doublet Design and Performance improvement is a key competence of Cubes3 O&G. There is a seasonal factor to be taken into account for the economic evaluation, as heating requirements are higher in winter and lower in summer time.
Stop Flaring and Venting of Natural Gas
Flaring and venting of gas still occurs at many oil producing locations. All gas can and must be captured and either reinjected to Enhance Oil Recovery or turned into electricity to power local energy grids. The ‘gas to wire’ solutions are scalable down to very limited levels of gas production.
Carbon Capture and Storage/Utilization (CCS or CCU)
Flue gases, containing CO2, from power stations and industrial gas users can be captured and injected into depleted gas reservoirs. Alternatively CO2 can be injected in oil reservoirs to Enhanced Oil Recovery (EOR), thus reducing CO2 emissions to the atmosphere. Several Carbon Capture and Storage projects have been implemented in the USA, Norway, Abu Dhabi, Germany and the UK although the economics are often challenging.
Power sources with low Carbon Footprint
Alternative electricity sources which emit very little CO2 are Nuclear Power, Hydroelectric Power and Tidal Power. These electricity sources have to be considered in addition to solar and wind power. The advantage of these methods of power generation is that they are not dependent on weather conditions. Disadvantage of nuclear power is the production of radioactive waste, which has to be stored long term. This is however preferred to emitting CO2 into the atmosphere.
Surplus power delivered by solar and wind power may be converted into hydrogen (clean or green hydrogen). Hydrogen is used in industrial processes and may be used as fuel for vehicles and long haul transport or used for power generation when demand is high (peak shaving).
Natural Gas Transport
If the choice is between coal, oil and gas, burning gas for power consumption is emitting less CO2 than coal or oil per generated energy unit. What is often forgotten however is that the transport of gas in long pipelines or in LNG carriers will lead to methane leaks and thus further emissions of Greenhouse Gas. Producing hydrocarbon sources close to the site of utilisation is therefore preferred.