Energy security will be a featured topic at the conference. Note the lineup for the Zelenskyy session:
President Zelenskyy will be introduced by the Norwegian Prime Minister Jonas Gahr Støre, and will be followed on stage by Elon Musk, Ben Van Beurden (CEO, Shell), Patrick Pouyanné (CEO, TotalEnergies) and Anders Opedal (CEO, Equinor) among others.
UAE Energy Minister Suhail al-Mazrouei has most definitely not forgotten:
“I think in COP 26 all the producers felt they were uninvited and unwanted but now we are again superheroes, it’s not going to work like that,” he said.
Coastkeeper’s upcoming Retiring Offshore Rigs Summit, or ROR, comes roughly ten years after Coastkeeper’s Rigs to Reef Conference in 2010. While that conference succeeded in passing new decommissioning and artificial reef enhancement laws, the language was not workable. In the decade since that legislation, known as AB 2503, or the “California Marine Resources Legacy Act” was signed into law, it was never implemented by the state.
This decision is more about exercising political power than advancing our energy future, which is dependent on collaboration among all sectors of the energy industry.
Oil and gas producers are “banned,” but major energy consumers are welcome to support the conference.
The 3 oil companies mentioned in the article are major investors in offshore wind and other renewable energy projects. These companies have spent hundreds of millions of dollars to purchase US offshore wind leases and will spend much more on the projects that follow. They are also major investors in low carbon intensity offshore oil and gas production.
Does the US government, which (at taxpayers expense) is sending a very large delegation to COP26, support this type of discriminatory behavior toward major contributors to our economy?
While the delegates are attending the conference, the folks at home are seething about gasoline prices and inflation.
With regard to air emissions, the advantages of deepwater Gulf of Mexico production are rather obvious:
High production rates per well
Few surface facilities (57 deepwater platforms, 3% of GoM total, produce 90+% of oil)
Modern gas turbines for power generation
Tightly enforced restrictions on flaring and venting
Better control of fugitive emissions
Distant from shore (not a factor for GHG effects)
Wood Mackenzie, NOIA, and others contend that restrictions on GoM leasing are contrary to carbon reduction goals.
An important and unintended consequence of enacting more restrictive policies such as a lease ban or increase in royalty rate in the Gulf of Mexico is that it could give rise to carbon leakage to countries that export crude to US.
In light of the policy implications of GHG emissions, a Carbon Intensity Workshop is highly recommended. The estimates generated by Wood Mackenzie, Rystad, and others need to be explored in depth. Is data quality an issue? How are the data verified? Is there regulator or third party oversight? What are the assumptions behind the estimates? Also, for the purposes of US policy decisions, product transportation emissions should certainly be included. A barrel produced in the Middle East is not the same as a barrel produced in the GoM.
Looking at the chart above, I have immediate questions about the drilling emissions (blue). What wells are included? What about workovers and other well operations? I’m surprised that the deepwater GoM drilling emissions are so high relative to the other regions. While dynamically positioned MODUs have high fuel consumption rates, deepwater wells are few in number relative to shale drilling. Also, why are Brazil’s drilling emissions, which I assume are primarily associated with deepwater operations, so much lower that those for the GoM.
BOEM/BSEE and/or the Gulf Research Program (NASEM) would seem to be good sponsors for such a workshop.
I was saddened to learn that the National Academy of Sciences is selling the Jonsson Center in Woods Hole, MA. This amazing meeting and conference facility is at a great waterfront location at the epicenter of marine research on the Atlantic Coast. You can buy the estate for a mere $27.5 million and continue its use as a conference center serving the marine science and policy communities.
“I think the concern is this is a historically important location for science, from its long history with the institutions,” said Dr. Saito. “To see one of our science institutions pack up and leave is sad for the community. Also, the loss of that conference facility, which I think is a really valuable resource for not just the area but for US science, is a sad thing to see happen as well.”
“For us, the major goal is to prevent these major accidents from happening,” said Fidel Ilizastigui Perez, an official of Cuba’s Office for Environment and Nuclear Safety Regulation.
“The companies must show that they meet all international standards,” he told the conference in Port of Spain.
Perez said Cuban officials had studied and already implemented oil industry safety practices from Britain and incorporated others from the United States.
Mr. Perez participated in the 2005 International Regulators’ Offshore Safety Conference in London and made a very favorable impression.
Dan Whittle, a senior attorney at the U.S.-based Environmental Defense Fund, said the Cuban government appeared to be taking the safety issue seriously because of the potential economic benefit of the project.
“Cuba has a lot at stake,” he said. “They’re doing the best they can with limited resources and with obstacles to access those resources.”
“I think we’re seeing the beginning of a more international dialogue on what the Cubans are planning,” he added.
“This will pretty much be the first time the Cuban deepwater drilling project managers will make a presentation of what their regulatory requirements are going to be for the companies that drill in Cuban waters,” said Lee Hunt, president of the Houston-based International Association of Drilling Contractors, which is organizing the conference. Reuters
Attendance at the 2011 Offshore Technology Conference (OTC) reached a 29-year high of 78,150, up 8% from last year, as offshore energy industry experts from around the world came together at the world’s largest event for offshore resources development. OTC was held 2-5 May at Reliant Park in Houston.