Oil & Gas
The Oil & Gas industry is making bold commitments across its entire value chain to transition to a clean energy future
Industry at
a Glance
Oil & Gas activities can be divided across a well-defined, tightly connected value chain in which all steps are tightly connected. There is significant opportunity to reduce scope emissions while improving efficiencies across the full lifecycle of oil and gas operations.
Share of energy consumption by step of the value chain.
Upstream
~ 45%
Midstream
~ 10%
Downstream
~ 45%
Quick Facts About
the Oil and Gas Industry
- Direct and indirect emissions from the O&G industry are 9 percent of the global total.
- The fuels produced by the O&G industry create another 33 percent of global emissions.
- Upstream consumes a very high share of the power throughout the value chain… And it generates the highest share of emissions.
- To play its part in mitigating climate change to the degree required, the oil and gas sector must reduce its emissions by at least 3.4 gigatons of carbon-dioxide equivalent (GtCO2e) a year by 2050 – that’s a 90 percent reduction in current emissions.
- To play its part in mitigating climate change to the degree required, the oil and gas sector must reduce its emissions by at least 3.4 gigatons of carbon-dioxide equivalent (GtCO2e) a year by 2050 – that’s a 90 percent reduction in current emissions.
- Natural disasters can have a significant negative impact on refinery operations (and cost)
Key Energy Considerations
in Oil and Gas
Overcoming Energy
Challenges
Maximizing Uptime
Pumping operations upstream as well as refining downstream require constant and consistent power; power interruptions can be extremely costly and detrimental to consumers using the fuels and other products.
Resilient Solution
Bloom provides a highly available always-on primary power source with up to 6-9s reliability, eliminating the need to invest in operating and maintaining legacy equipment that tends to fail during transitional events such as loss of utility power.
Lowering Emissions
Oil and gas operators are under high pressure to become more sustainable, but their main back-up solutions are typically high polluting diesel generators. Regulation, consumer demand and investors’ pressure are increasingly incentivizing companies to promote energy efficiency and decarbonization.
Sustainable Solution
Fuel cells generate electricity though an electrochemical process rather than combustion. This avoids emitting harmful criteria air pollutants that cause severe respiratory diseases and poor air quality worldwide. Fuel cells reduce carbon emissions compared to the grid and combustion-based technologies, and are also fuel flexible with the ability to run on biogas or hydrogen for carbon neutral emissions options.
Controlling Costs
O&G players are re-assessing their business models, seeking to reduce risk and to capture new economic opportunities from the energy transition.
Predictable Solution
In addition to avoiding outage-related costs that can reach into the millions of dollars, Bloom’s solution enables customers to hedge against volatility and price escalation by fixing a large portion of their electricity cost, providing multiple financing options and flexible term lengths.
The Oilfield of the Future
