A review and summary by Steve Moss
Geoenergy is a new journal co-owned between the Geological Society and the European Association of Geoscientists and Engineers (EAGE) that was established in 2023 (Geoenergy Home). The journal is dedicated to the publication of non-hydrocarbon energy geoscience and engineering research. In a similar fashion to its stable-mate journal, Petroleum Geoscience, Geoenergy focuses on the publication of timely and topical research in subsurface geoscience,...
by Hamid Esfandyari et al
This article was originally published in Renewable Energy 237 (2024) https://doi.org/10.1016/j.renene.2024.121726
0960-1481/© 2024 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
Hydrogen (H2) offers a promising solution for the energy transition but storing it on a large scale at the surface poses significant technical and environmental challenges. Underground...
Triggered by incoming US President Donald Trump, the next four years could prime the liquefied natural gas (LNG) markets for a golden era. Based on his campaign pledge, the returning president’s expected policies are likely to accelerate US LNG infrastructure expansion through deregulation and faster permitting, bolstering global supply.
This could strengthen the sentiment around global LNG supply after years of uncertainty, helping to unleash long-term demand. Even so, an untimely...
Without creating new demand, new discoveries can help curb emissions, drive value for the industry
Investment in oil and gas exploration has plummeted two-thirds in the last decade, but the industry still has a critical role to play in decarbonisation efforts and providing advantaged barrels in the energy transition, according to the latest Horizons report from Wood Mackenzie.
According to the report, “No country for old fields: Why high-impact oil and gas exploration is still...
Under increasing pressure to decarbonize and shift away from traditional fossil fuels, the world’s leading oil and gas companies are ramping up investments in the biofuels sector. Major players such as BP, Chevron, Shell, TotalEnergies, ExxonMobil and Eni are incorporating biofuels into their broader energy transition strategies, recognizing the growing global demand for sustainable fuel sources.
According to Rystad Energy’s research, these six oil majors have announced a total...
By Dr James Jeffs,Principal Technology Analyst at IDTechEx
IDTechEx’s report, “Sustainable Future Aviation 2025-2045: Trends, Technologies, Forecasts”, finds that hydrogen is likely to be a main contender for decarbonizing the aviation industry. The report finds that the hydrogen commercial airliner market will exceed US$20 billion in 2045. However, the technology used on the planes and the source of the hydrogen needs to be considered carefully before the industry can celebrate...
Rystad Energy’s market update from Middle East Research Director, Aditya Saraswat:
“Tensions are persisting in the Middle East and the humanitarian toll is climbing.
Energy market fundamentals have been largely unaffected to date, but this could change at a moment’s notice.
In a widespread regional war scenario, Iran and Israel's conflict could severely impact gas exports and lead to delays in oil development projects.
Attacks on key facilities may threaten nearly 1.4 million bpd...
Geological models are used to help with our geo-predictions up and down dip. We usually only have a few one-dimensional control points (wells) and a seismic grid to predict reservoirs, seals and source in our acreage. Seismic is often used only structurally, and if stratigraphy is contemplated, it is often via a few simplistic amplitude extractions. The latter many a time do not show anything stratigraphically useful, and we have to” go down a few burrows”.
One of the burrows is...
“Fast escalating geopolitical risk is driving oil prices higher.
The intensifying conflict in the Middle East is generating significant supply concern in the global crude market, with prices up more than 4% (in the first week of October).
The potential for supply disruptions – particularly, but not exclusively from Iran – increases as the fighting intensifies.
But OPEC+ still sits on unusually ample spare capacity, which is the result of successive production cuts over the...
Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand, which is projected to exceed 650 exajoules (EJ) in the coming years. Rystad Energy estimates that by 2030, more than 75% of total demand will be met by fossil fuels, with emissions climbing as a result. A significant portion of these emissions will originate from upstream activities,...