Refineries are responsible for the production of transportation fuels and other products, such as petrochemicals and lubricants, but they also contribute significantly to global GHG emissions. According to the U.S. Environmental Protection Agency (EPA), refinery GHG emissions in 2023 amounted to 160 million metric tons CO2 equivalent (MMT CO2e), with over 70% resulting from fuel […]
Technical service contracts vs. production sharing contracts: A tale of two models
The choice between technical service contracts (TSCs) and production sharing contracts (PSCs) can significantly impact the development of a country’s oil and gas industry. Technical service contracts (TSCs) are agreements where a company provides technical expertise and services to the state-owned oil company in exchange for a fee. This model can be particularly attractive when […]
Finding the perfect spot to build your next project
Selecting the site for a new hydrogen project, chemicals plant, or renewable energy facility can be a long and rigorous process. The Inflation Reduction Act (IRA) is driving investment into new energy transition projects, but location is often a critical factor in project’s success. Whether it’s the company’s first, second, or hundredth facility, finding the […]
Sugar rush to candy crush: Struggling U.S. natural gas prices
Henry Hub gas prices averaged $6.45 per MMBtu in 2022 rising from $3.89 in 2021, driven by increased demand from Europe and the gradual re-opening of China. Prices have since fallen 62% to average $2.46 in 2023. The global LNG sugar rush resulted in LNG prices to rise to over $32 per MMBtu in 2022 […]
Brown to green: Refinery conversions continue in the U.S.
The transportation sector is a major contributor to global greenhouse gas (GHG) emissions but is also at the forefront of energy transition. ADI has previously written about electrification of transportation and the supporting infrastructure needs and alternative fuels such as hydrogen and bio-based ethanol. U.S. diesel demand in 2019 was 122 million barrels and despite […]
LNG market opportunities in the Philippines
A key growth driver behind liquefied natural gas (LNG) demand has been environmental policy and regulatory pressure driven by decarbonization and air quality improvement goals. The Paris Agreement signed in 2016 aims to restrict greenhouse gas (GHG) emissions and slow the global temperature rise to 2 °C above pre-industrial levels. The Philippines is one of […]
Modeling oil & gas, chemical, and petrochemical industry greenhouse gas emissions
Oil and gas companies are making decarbonization commitments that include mainly cutting Scope 1 and Scope 2 greenhouse gas (GHG) emissions although they are under growing pressure to also cut Scope 3 emissions. To this end, there is growing interest in understanding and benchmarking GHG emissions across the value chain from exploration and production through […]
What goes into making a Techno-Economic Analysis
A techno-economic analysis (TEA) is a very useful tool to evaluate the economic performance of an industrial process or product. The TEA can be used to study the impacts of implementing a new technology into a current process, optimize existing processes, or to evaluate the economic feasibility of a process before an investment is made. […]
Floating light: The potential of hydrogen as a marine fuel
The global shipping industry is one of the hard-to-abate industries when it comes to decarbonization. While it constitutes a small share of global CO2 emissions today, it may see astronomical amount of growth if left unchecked. Global shipping industry demand is expected to see a 275% increase by 2050 compared to 2020 levels. To address […]
2022 Upstream Outlook: Balancing growth and discipline
After the COVID-19 pandemic-related lockdown in 2020 that shook the global economy and shattered oil prices to record bottoms, the upstream oil and gas industry rebounded strongly throughout 2021 with oil prices reaching record levels not seen in past six years. Upstream oil and gas performed better than expected in 2021 and future trends will […]
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