Carbon Capture and Storage will play a significant role in supporting the traditionally emissions-heavy oil and gas sector advance towards net-zero.
However, despite great enthusiasm for the technology, project costs, investor scepticism and a lack of
stakeholder engagement are slowing the progress needed to drive these projects
forward and ensure 2050 climate targets are met.
Amongst the emission-reducing measures available today, The International
Energy Agency (IEA) expects carbon capture, utilization and storage (CCUS)
to play a critical role.
ACI's The North American Carbon Dioxide Utilization Summit, taking place on 27th
& 28th April 2022 in Montreal, Canada will give a detailed overview of risks and
opportunities associated with CCUS in Oil and Gas Industry. Register now to hear from
Guidehouse & Petroleum Technology Research Centre during Session VI
Guidehouse & Petroleum Technology Research Centre (PTRC) will be represented by:
Peter Marin,
Senior Reserach Analyst,
Guidehouse Insights
Mr Marrin will be presenting: Show Oil and Gas Companies can Accommodate a CCUS Economy. Key points of which include:
• How did we get where we are today? A brief timeline of projects over 50 years. Why did some succeed while others did not?
• An overview of the current state of the market, including a breakdown of existing commercial projects and a glimpse into the project pipeline
• What factors will drive future investment? A review of existing policies, financial incentives, and revenue streams, as well as non-monetary drivers
• Cooperation, competition and case studies on CO2 hubs. A look at what's being done in each oil and gas sector, understanding the end markets for CO2 utilization and how CO2 hubs could help bring partners together
Ranjith Narayanasamy,
President & CEO,
PTRC
Mr Narayanasamy will be presenting: Sustainable Energy - Affordable and Environmentally Acceptable. Key points of which include:
• CCUS in the oil industry can make Canada's oil the most environmentally sustainable in the world
• CO2 utilization and storage in depleted oil fields and underlying geological formations will pave the road to Net-Zero
• CCUS in the energy and power sectors