Fluenta is a regular exhibitor at ADIPEC, the yearly event offers us the opportunity to network in person with decisions makers in energy companies and skip the complex nature of day-to-day B2B interactions.
This year we were approached by ADIPEC’s Show Dailies to submit our thoughts on the latest in the industry. Read on for highlights from our submission.
Fluenta’s take on technology innovations for the oil and gas industry
The oil and gas sector has a significant connectivity potential and is slowly going through a digital transformation accelerated recently by the effects of the ongoing pandemic.
According to McKinsey & Company, making use of new technologies to optimise drilling, production, and improving the maintenance and field operations could add up to $250 billion of value to the industry’s upstream operations by 2030.
McKinsey’s work with the oil and gas sector suggests offshore operators can reduce costs, including operational and capital expenditures, by up to 25% per barrel by leaning into digital transformation principles.
In that vein, Fluenta is working tirelessly on new products to enable operators to maximise the benefits of remote access to their flare gas meters that could save on costs.
In 2020, we rolled out an update to our UFM Manager allowing operators to perform remote health checks on their flare gas meters without needing service engineers to be present, especially on offshore facilities.
The new update not only saves costs and ensure vital work is carried out despite travel restrictions but also ensures compliance with flaring regulations. Shell has been one of the first benefactors of this new capability.
Fluenta’s Energy market outlook 2021/2022 and beyond
Despite being dubbed the second year of COVID-19, the global energy demand is on track to make up for last year’s contraction and we see this trend continuing into 2022 despite supply chain instabilities and the increase of gas prices.
The IEA estimates this year’s energy demand to match or even surpass that of 2019, and on the flip side, it also projects CO2 emissions to rebound and grow by 4.8%, leaving global emissions in 2021 around 400 Mt CO2, or 1.2%, below the 2019 peak.
We commend the efforts energy companies have taken to date and urge them to continue stepping up their climate actions into 2022 and beyond.
More companies and governments are seen to endorse climate initiatives such as the World Bank’s Zero Routine Flaring by 2030 and the new Global Methane Pledge.
Energy companies shouldn’t wait on government regulations, taxes, and penalties to act. Stepping up climate action by eliminating routine gas flaring, capturing downstream gases, and combatting leaks can go a long way to reducing the threats of climate change and ensuring the companies’ long-term acceptability and profitability.
Fluenta calls on COP26 to provide enough momentum for governments, companies, and other stakeholders to all work together and build a larger coalition of actors committed to rapid reductions in emissions.
Are you attending ADIPEC 2021?
Are you an operator or energy company representative? Make sure to visit our stand to learn about our market leading flare gas solutions and how they can help you meet local regulations and environmental obligations.
Our team is also keen to speak with operators to deepen our understanding of their evolving flaring needs.
Visit us in Hall 8 (UK Pavilion), stand 8619.