Showing posts with label cleantech. Show all posts
Showing posts with label cleantech. Show all posts

Sunday, October 27, 2024

Speaking and moderating at ADIPEC 2024

Delighted to announce that yours truly will be moderating and speaking at ADIPEC 2024 - the world's largest energy conference and exhibition - in Abu Dhabi, UAE, from November 4 to 7. Explore the event's program touching on critical energy issues, latest technological developments, and energy transition through groundbreaking innovation, visionary leadership and action here.

And more on the Oilholic's panels and sessions here











Looking forward to the deliberations, meeting thought leaders, fellow industry professionals and colleagues. Join, if you can, for some fantastic industry exchanges and networking in Abu Dhabi.

Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.
To follow The Oilholic on Motley Fool click here.

© Gaurav Sharma 2024. Digital event banner courtesy of dmgevents.

Wednesday, October 02, 2024

Media missives from Gastech 2024

With Gastech 2024 drawing to a close on September 20, the Oilholic capped a fascinating and engaging week in Houston by hosting two pivotal industry fireside chats with H.E. Hardeep Singh Puri, Minister of Petroleum & Natural Gas, India and Chris Ashton, CEO of Worley.

And it was wonderful moderating multiple panel sessions on subjects ranging from harnessing the potential of natural gas for powering AI to solutions for the decarbonization of the global transport complex and climatetech finance.

Yours truly also hit the airwaves to discuss the energy market and developments at the conference. The final broadcasting call before departing was with the BBC, with this blogger's week out in Houston peppered with plenty of other missives via the keyboard for Forbes, and of course via this blog.

All blog entries for each Gastech may be found here. And here are selected Forbes copies in chronological order based on soundbites and insight from the event. 

  • Energy Bosses Demand Clear And Consistent U.S. Policies On Natural Gas, September 18, 2024.
  • India’s Energy Source Shifting Agility Will Define Its Transition, Says Oil Minister, September 20, 2024.
  • UK’s Cleantech And Green Energy Focused ‘Wealth Fund’ Is Anything But, September 24, 2024.
And that's a wrap for Gastech. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.
To follow The Oilholic on Motley Fool click here.

© Gaurav Sharma 2024. Photo: Gaurav Sharma on BBC News on September 18, 2024 © BBC. 

Tuesday, September 17, 2024

Gastech 2024 sessions to be hosted by yours truly

The Oilholic is delighted to be back in Houston, Texas, US for Gastech 2024, one of the world's largest energy industry fixtures, being held here from September 17 to 20. Yours truly will be holding three panel sessions and two fireside chats at the event with Hardeep Singh Puri, India's Honorable Minister of Petroleum and Natural Gas, and Chris Ashton, Chief Executive Officer of Worley. 

The three panels will include distinguished industry thought leaders. Please do join if you can for some fantastic and insightful industry dialogues. Here are the details of the sessions:

Tuesday, September 17, 2024 @ 12:45 pm CDT

IEW2025: Energy transformation through innovation and investment

With His Excellency Hardeep Singh Puri, Honorable Minister of Petroleum and Natural Gas, India

(Click image to enlarge for details)

Tuesday, September 17, 2024 @ 4:50 pm CDT

Harnessing the advantages of natural gas to fuel the Artificial Intelligence revolution

With:
- Rebekah Eggers, Global Client Engagement & Innovation Director, Energy & Resources Sector, IBM
- Arun Kumar Singh, Chairman & CEO, Oil and Natural Gas Corporation Ltd
- Ken West, President & CEO, Honeywell Energy and Sustainability Solutions 
- Naser Al Yafei, SVP - Strategy, Sustainability & Transformation, ADNOC Gas
- Matthew Babin, Head of Energy & Natural Resources, Palantir Technologies


(Click image to enlarge for details)

September 18, 2024 @ 10:40 am CDT

Delivering projects in a challenging operating and cost environment

Executive leadership fireside chat with Chris Ashton, CEO, Worley


(Click image to enlarge for details)

September 19, 2024 @ 10:45 am CDT

Decarbonizing heavy transportation: Collaborations to address the acceleration of climate technology solutions from development to deployment

With:
- Sukhmal Jain, Director (Marketing) & Board Member, Bharat Petroleum Corporation Limited
- Yoki Firnandi, CEO, PT Pertamina International Shipping
- Meg Gentle, Executive Director, HIF Global
- Mark S. Brownstein, SVP, Environmental Defense Fund

(Click image to enlarge for details)

September 19, 2024 @ 2 pm CDT

Fostering greater climate technology innovation, deployment, and scale across the value chain

With:
- Mahdi Aladel, CEO of Aramco Ventures
- Paula Gant, President & CEO, GTI Energy
- Vikas Dhole, GM of Project Management, AspenTech


(Click image to enlarge for details)

Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.
To follow The Oilholic on Motley Fool click here.

© Gaurav Sharma 2024. Photo © Gastech / dmgevents 2024. 

Wednesday, August 21, 2024

Speaking and moderating at Gastech 2024

Delighted to announce that yours truly will be moderating and speaking at Gastech 2024 in Houston, Texas, US, from September 17 to 20. Explore the global event's critical conference agenda that is driving the energy transition through groundbreaking innovation, visionary leadership, and action here.

And more on the Oilholic's panels and sessions here.









Looking forward to the deliberations, meeting thought leaders and friends. Join, if you can, for some fantastic industry exchanges and networking in H-Town.

Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.
To follow The Oilholic on Motley Fool click here.

© Gaurav Sharma 2024. Digital event banner courtesy of dmgevents.

Friday, March 22, 2024

CERAWeek Day IV & V: Tech-enabled methane emissions monitoring

The Oilholic writes this blog while taking in a view of Downtown Houston's Discovery Green from the Hilton's fourth floor glass windows with CERAWeek 2024 having concluded. There were loads of interesting deliberations, panels and debates aplenty on day(s) IV and V. 

Alongside these, several emerging energy and cleantech technologies were showcased. But if yours truly were to pick one out for 2024 - then it was perhaps the delivery of near real-time methane monitoring services from high-altitude balloons and satellites that stood out. 

For context, the scientific community is united in its belief that methane is a more potent greenhouse gas than CO2. According to the Environmental Defense Fund, methane has more than 80 times the warming power of the latter over the first 20 years after it reaches the atmosphere. 

So in order to tackle it, the technologists and energy sector players are coming together with effective monitoring being a key pillar of this drive. Over the course of the week, CERAWeek delegates heard how ExxonMobil is collaborating with Scepter and Amazon Web Services (AWS) on near real-time methane monitoring via satellites and high-altitude balloons and satellites.  

According to ExxonMobil, this collaboration has the potential to "redefine methane detection and mitigation efforts" and will contribute to broader satellite-based emission reduction efforts. Such moves will do wonders in terms of improving global methane detection and quantification.  

It was heartening to note at CERAWeek that the ExxonMobil, Scepter and AWS partnership is just one of the many methane monitoring and mitigation initiatives. Industry peer Chevron, and pipeline operator Williams are also among those making similar moves. 

Williams for its part said it had launched two satellites to detect methane leaks, and the company's CEO Chad Zamarin said he was in favour of round-the-clock methane monitoring. It gives one absolute confidence that emissions tech is booming. 

Elsewhere, Bill Gates was in the CERAWeek House talking cleantech too and representing his two energy companies –  Breakthrough Energy, which is accelerating sustainable energy solutions and pursuing innovations in the reduction of greenhouse gas emissions; and TerraPower, which acts as a technology design and development engineering company for nuclear reactors.

Much to the delight of America's oil and gas capital over a business luncheon, Gates told CERAWeek Houston has the potential to become the Silicon Valley of energy and a dominant hub in the global energy transition.

Finally, over 8,100 delegates attended CERAWeek 2024. The tally caps 9,400 when counting staff, vendors, etc. The figure broke the previous record of over 7,200 delegates at CERAWeek 2023. The delegates hailed from over 80 countries who listened to some 1,400 speakers. And on that note, its time to say goodbye to H-Town and board the flight back home to London. More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.
To follow The Oilholic on Motley Fool click here.

© Gaurav Sharma 2024. Photo: Discovery Green and Downtown Houston, Texas, US © Gaurav Sharma, March 2024. 

Monday, March 18, 2024

CERAWeek Day I: Aramco sets its stall in Houston

The Oilholic is back in town for CERAWeek 2024 and the first day has been pretty interesting. Key moments included - Aramco's CEO Amin Nasser wanting the world to ditch "fantasy" economics of phasing out oil and gas (full report for Forbes here) and Shell's CEO Wael Sawan telling delegates there is way more politicisation of oil and gas than is necessary. 

Sawan also took the opportunity to stress that Shell sees LNG as a massive opportunity. "We're heading for a multidimensional energy mix of the future. While we are stabilizing our oil business, we are actively growing our LNG business."

He added that the energy major was a "huge" believer in the LNG market's potential and sees demand rising "by 50% from current levels." 

Elsewhere, ExxonMobil CEO Darren Woods said he was not trying to scupper Chevron's acquisition of Hess. Rather his sole objective in its dispute with Chevron was to establish its own rights over Hess' lucrative assets in Guyana. 

Elsewhere, former United States Energy Secretary, and now Founder & CEO of Energy Futures Initiative Ernest Moniz summed up the most significant accomplishments of COP28. CERAWeek's video of the session here is a good one to listen to. 

Other notable speakers on Day I included Jean Paul Prates, CEO of Petrobras, Meg O'Neill, CEO of Woodside Energy, Jack Fusco, CEO of Cheniere Energy and Torbjörn Törnqvist, Chairman of Gunvor. 

As panel discussions gathered pace, CERAWeek's Agora technology and innovation program also got underway, duly visited by yours truly during the second half of the day. 

Emerging cleantech and breakthrough applications of artificial intelligence appeared to be all the rage here with loads of chatter in open forum events being held in "pods." And of course, where there are pods, there have to be hubs! 

One such hub was Agora's Climate Hub, where the Oilholic attended the "Weathering the change" session late in the day, and received some interesting perspectives on the links between climate change and extreme events, albeit with some familiar soundbites. 

And the first day of CERAWeek also saw the oil price spike to near-five month highs as Ukrainian attacks on Russian refineries spooked the markets. After hours, Brent went as high as $87 per barrel, and here's why the Oilholic believes the $85 support level has been broken (for now). Well, that's all for the moment folks, more musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.
To follow The Oilholic on Motley Fool click here.

© Gaurav Sharma 2024. Photo I: Amin Nasser, Chief Executive Officer of Aramco & Wael Sawan, Chief Executive Officer of  Shell. Photo II: Climate Hub at CERAWeek's Agora program © Gaurav Sharma, March 2024. 

Thursday, March 14, 2024

Onsite with Coolbrook and its 'electric factory' pilot

Last week the Oilholic headed out for a rather unique site visit to the Brightlands Chemelot Campus - an innovation hub in Geleen, The Netherlands - where cleantech firm Coolbrook is running a pilot project premised on the idea of an 'electric factory.' 

Yes indeed, you read that one correctly dear readers - an 'electric factory' concept that could in the fullness of time lead us to re-imagine the industrial complex and substantially lower the carbon footprint of heavy industries and petrochemical plants. 

To make sense of it all, the company's CEO Joonas Rauramo kindly agreed to explain the process and take this blogger around. The idea is to substitute heat sources / furnaces in use at heavy industries currently running on fossil fuels with an electrical power source. 

For that Rauramo and Coolbrook have come up with the company's patented RotoDynamic technology - which uses a rotating device powered by electricity to generate heat without burning anything. "So basically air or for that matter a large range of gaseous substances / inert gasses go in where a high-speed 0.8 MW electric motor accelerates them with mounted rotating blades. Subsequent deceleration leads to the generation of a shock wave that converts kinetic energy to thermal energy," Rauramo explained. 

The heat generation is in milliseconds and is not transferred from outside through a surface, rather volumertically inside the gas. And we are talking temperatures of up to 1700 C. Now the Oilholic knows the questions on many of your lips - does it really work and did this blogger get to look under the hood of the machine? The firm answer to both questions is yes. 

While photography was not permitted in certain areas of the project, The Oilholic was given full access to view and examine both the project set-up as well as its key components, and interview a range of personnel working onsite. It's doubtful a company would open its doors to your truly and provide this level of access if it had to something hide, or was still faking it till it made it. 

Furthermore, the test pilot has already achieved temperatures of around 1000 C. Project research and development is constantly independently verified (and monitored both onsite and remotely), several universities including Cambridge, Oxford and Ghent are involved, while Swiss industrial giant ABB is the technical partner on the project. Finally, the commercial launch appears to be on the horizon early in 2025. 

Now just re-imagine old versus the new industrial energy chain as illustrated by Coolbrook below (click to enlarge):

Makes you think about the immense possibilities it offers for lowering the global industrial complex's carbon footprint if the electricity that's powering the machine comes from renewable sources as well. 

Coolbrook's RotoDynamic has two modes - one a heating only machine and the other a reactor aimed at the petrochemical industry wherein the technology can be deployed not just for heating but cracking hydrocarbons as well. The kit can be fitted on both greenfield as well as brownfield sites. 

Coolbrook has identified over 40 uses cases but the most obvious ones would be cement, iron, steel, glass, chemicals and petrochemicals. The company's modeling points to a reduction of 2 billion tonnes in CO2 emissions annually if traditional heat sources are substituted by its technology. 

Of course, the transition will not be easy and there are other low to zero carbon techniques being explored. Rauramo was quick to assert that what Coolbrook is attempting is "50% more efficient" than hydrogen predicated alternatives and is "cheaper too." 

Total budget for Coolbrook's pilot project aimed at creating a "new industrial era" is in the region of $13.1 million. Should the commercial launch proceed as planned in 2025, that would be the result of 14 years of hard work since the company was founded in Finland in 2011.

Scaling up is the name of the game. In that respect, there has been considerable interest in Coolbrook's technology from the likes of ArcelorMittal, Shell, Ineos, Sabic, JSW, Linde, Braskem, Cemex and its longstanding partner ABB. The industrial heating market itself is estimated to be worth more that $1.1 trillion. 

Coolbrook doesn't yet have direct competition for a product like its own, as The Oilholic noted in his feature on the company for a recent Forbes article that's available here.

As for those in the industry looking at RotoDynamic from an outside-in perspective, The Oilholic observed quite a few tangible benefits. 

Process efficiency is an obvious one and comes in many forms ranging from lower energy bills and a carbon footprint to potentially higher plant throughput. The compact size of Coolbrook's offering is also an attractive one. So, by this blogger's reckoning, for say a petrochemical plant, we're talking roughly one-tenth the space needed for the company's reactor kit versus a traditional reactor. 

Capex and opex considerations matter hugely and the product is yet to hit the commercial world. But should the RotoDynamic technology meet its full potential, capex and opex will likely be competitive near-term, and could be way lower over the medium-term. 

Once Coolbrook scales up as a company post-launch, the initial deployment costs for the industry would also likely be calibrated lower and long-term ROI much higher. All-in-all a very interesting company (and its operating sphere) to watch out for. With those final thoughts, it's time take your leave. More musings to follow later this month. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.
To follow The Oilholic on Motley Fool click here.

© Gaurav Sharma 2024. Photos: Gaurav Sharma with Joonas Rauramo, CEO of Coolbrook at the company's RotoDynamic Technology Test Pilot at Brightlands Chemelot Campus, Geleen, The Netherlands. Illustration: Coolbrook's demonstration of the 'old' versus 'new' energy chain for the global industrial complex© Jenni Schumacher / Coolbrook, March 2024.