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The Energy Transition: This is Not Going to be as Easy as We Hoped

Monday, April 15, 2024

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Course Credit: 0.15 CEU, 1.5 PDH

Monday, April 15, 2024 | 10:00AM – 11:30AM CT

America’s greenhouse gas emissions fell 1.9 percent in 2023, in large part because the burning of coal to produce electricity plummeted to its lowest level in half a century in North America, according to estimates published by the Rhodium Group. But at the same time the Paris-based International Energy Agency last week released its “CO2 Emissions in 2023, A new record high, but is there light at the end of the tunnel?” report showing the world’s energy-related CO2 emissions grew 1.1% in 2023, a slight reduction from 2022. Its executive summary notes that coal, used for power generation in Asia, accounted for nearly two-thirds of the increase. The agency’s press release credits renewables as blunting even worse emissions outcomes. The Energy Transition from a fossil-fuel dominated energy ecosystem to a lower carbon, more diversified energy system based on renewable energy sources, the world has the opportunity to rethink our relationship with energy but given this major change in an accelerated pace, we have to rethink everything, and we better do it fast. There are some major hurdles not just in engineering and operations, but in finance, just transition and cultural challenges. This is going to be a wild ride.

All content contained within this webinar is copyrighted by Jim Crompton and its use and/or reproduction outside the portal requires express permission from Jim Crompton.

Webinar recordings will be available on-demand within 1 business day of the webinar completion.

For those who attended the live webinar, your certificate will be available in your “Learner Profile” within 1 business day of the webinar completion.

This webinar is free to SPE Members.

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Course Chapters

  • 1The Energy Transition: This is Not Going to be as Easy as We Hoped
    Media Type: Webinar

    Monday, April 15, 2024 | 10:00AM – 11:30AM CT America’s greenhouse gas emissions fell 1.9 percent in 2023, in large part because the burning of coal to produce electricity plummeted to its lowest level in half a century in North America, according to estimates published by the Rhodium Group. But at the same time the Paris-based International Energy Agency last week released its “CO2 Emissions in 2023, A new record high, but is there light at the end of the tunnel?” report showing the world’s energy-related CO2 emissions grew 1.1% in 2023, a slight reduction from 2022. Its executive summary notes that coal, used for power generation in Asia, accounted for nearly two-thirds of the increase. The agency’s press release credits renewables as blunting even worse emissions outcomes. The Energy Transition from a fossil-fuel dominated energy ecosystem to a lower carbon, more diversified energy system based on renewable energy sources, the world has the opportunity to rethink our relationship with energy but given this major change in an accelerated pace, we have to rethink everything, and we better do it fast. There are some major hurdles not just in engineering and operations, but in finance, just transition and cultural challenges. This is going to be a wild ride. All content contained within this webinar is copyrighted by Jim Crompton and its use and/or reproduction outside the portal requires express permission from Jim Crompton. Webinar recordings will be available on-demand within 1 business day of the webinar completion. For those who attended the live webinar, your certificate will be available in your “Learner Profile” within 1 business day of the webinar completion. This webinar is free to SPE Members.

Credits

Earn credits by completing this course0.15 CEU credit1.5 PDH credits

Speakers

James CromptonSpeakerJim retired from Chevron in 2013 after almost 37 years with the major International Oil & Gas Company. After moving from Houston to Colorado Springs, Colorado, Jim established the Reflections Data Consulting LLC to continue his work in the area of data management and analytics for Exploration and Production industry. Jim was a Distinguished Lecturer for the Society of Petroleum Engineers in 2010-2011, speaking on the topic of “Putting the Focus on Data.” He is a frequent speaker at SPE webinars and conferences on Digital Oilfield/Intelligent Energy and the Data Foundation. His most recent topics include “Measure what Matters” (regarding to methane emissions management) and “The Digital Oilfield 4.0.ai” (on recent technology advances in upstream oil and gas production operations). His interests lie in the full spectrum of the information value chain from data capture, data management, data visualization (telling stories with data), data access, modeling and analytics, simulations, and cybersecurity.
Willow LiuModeratorWillow Liu is the chief scientist of MEDENG, a technology company focusing on multiphase flow measurement research and product design. Willow has been involved in the studies of complex New-Newtonian multiphase fluid flow in the fields of biomedical and oil/gas for over 25 years. Willow has recently taken an interest in applying this expertise to emission measurement and management. Her goal is to leverage multiphase flow measurement tools to develop an efficient engineering tool for accurately measuring and managing emissions in various industrial processes. Willow is currently serving as the admin chair of SPE Flow Measurement Technical Section.