<a href="http://youngpetro.org/2013/03/06/how-is-it-possible-to-produce-oil-from-sand/"><b>How is it possible to produce oil from sand?</b></a> <a href="http://youngpetro.org/2011/10/09/people-engineers-and-spe-members/"><b>People, Engineers and SPE Members</b></a> <a href="http://youngpetro.org/2012/12/19/if-i-were-a-prime-minister/"><b>If I Were a Prime Minister…</b></a> <a href="http://youngpetro.org/2012/12/26/polish-shales-delayed/"><b>Polish shales delayed?</b></a> <a href="http://youngpetro.org/2013/01/11/russia-continues-the-policy-of-states-companies-monopoly/"><b>Russia continues the policy of state companies’ monopoly</b></a>
 

ASEC 2018 in Zagreb

ASEC 2018 in Zagreb

Fifth Annual Student Energy Conference, organized by the University of Zagreb will take place from 7th March to 10th March 2018 at the in Zagreb, Croatia.

ASEC 2018 brings together students and young professionals from all over the world to discuss the latest novelties in the energy business, focusing on the oil and gas industry.

Conference lasts for four days, from Wednesday, March 7 to Saturday, March 10. Wednesday, Thursday and Friday are reserved for lectures, petrotournament, workshops, poster section and guided city tour, while on Saturday guests have option to participate in one of two trips – they can choose between the Croatian biggest gas processing plant and the famous Croatian landmark, the Plitvice Lakes.

This conference is an event focusing on connecting people, who create future of our industry and is a great option to learn about business in Croatia. Two of our journalists will participate in this conference, stay tuned for their report!

You can find more information on Conference official website or on Facebook.

Statoil reveals its prospect till 2030

12 February, 2018 News No comments
Statoil reveals its prospect till 2030

This leading petroleum company, which energise the lives of 170 million people every day, briefly sums up 2017. Statoil presents us also a vision what will the future be like.

 

In 2017 Statoil discovered  new reservoirs: near Norne with oil and gas reserves up to 80 million barrels and 20-50 million barrel gas field by Valemon Field, Gina Krog oil and gas field started production (8% shares belongs to PGNiG Upstream Norway AS), awarded 29 production licenses, approved Njord and Bauge development and operations plans. The company has started evaluation of new CO2 storage project on Norwegian continental shelf, acquired 40% share in Brazilian solar asset, launched the world’s first floating wind farm. Some other activities taken at the end of the year nearly tripled Statoil’s production in Brazil.

This year, the unique Aasta Hansteen project will be launched. This gas-field is located 300 km from Norwegian shore and lies 1300 m of water. These challenging conditions determine the need of specific solutions and the answer is the world’s largest spar platform, floating vertically in the sea, anchored in 1,300 metres of water. The project will help to secure gas for Europe for many years.

Statoil aims to reduce each kind of negative impact on the environment, inter alia to reduce annual CO2 emission by 3 million tonnes by 2030.  Most of CO2 emission, associating offshore production of oil and gas comes from gas turbines providing electricity for platforms. In 2019, a new field in the North Sea will be electrified by the electricity from shore because the power from shore comes from renewable sources mostly. This replacement of power source is realized as a part of Johan Sverdrup project. It will be also the first field to employ a so-called ,,digital twin” which is a technology used by NASA, F1 Racing and many others. It acts as a virtual, real time version of the installation in the computer system, through constant updating the model of Johan Sverdrup by sensors in real time.

Statoil has set a goal to spend up to 25% research funds for new energy solutions and reducing emission by 2020. The company is focused mainly on geothermal and hydrogen energy, looking for solutions to make these energy sources commercially feasible.

According to the International Energy Agency (IEA), the world must capture and store six billion tonnes of CO2 per year in 2050 to achieve global climate targets. Statoil has met this challenge since 1996, and in 2021 Statoil will have been capturing and storing CO2 for 25 years and so far has managed to capture and store over 23 million tons of carbon dioxide. By 2030 Statoil will cut two million tonnes of CO2 emissions on the Norwegian Continental Shelf. That amount corresponds to one million cars. In 2022 the company will be celebrating 50 years of existence.

In 2026 there will be 30 years since the Troll Oilfield has started production. Gradually, more and more natural gas instead of oil will be produced. Troll A was the first platform on the NCS, with electricity powered from shore. The field is also considered as a most important single contributor to the Norwegian national budget, producing hydrocarbons worth NOK 1,300 billion what’s equivalent to more than seven times spending on education in Norway.

The New York City set a target to cover 50% of the energy demand from renewable sources before 2030. Statoil won the auction for a wind farm outside NYC in 2016. This unique project was named Empire Wind and it is the first seawater enterprise in the USA. This project gives to Statoil an opportunity to utilize its offshore and engineering experience.

Sources:
www.statoil.com
2030.statoil.com/en/start