Possible pathways for oil and gas companies in a sustainable future: From the perspective of a hydrogen economy

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dc.contributor.authorHunt, Julian David
dc.contributor.authorNascimento, Andreas
dc.contributor.authorNascimento, Nazem [UNESP]
dc.contributor.authorVieira, Lara Werncke
dc.contributor.authorRomero, Oldrich Joel
dc.contributor.institutionFederal University of Espírito Santo
dc.contributor.institutionUniversidade Estadual Paulista (UNESP)
dc.contributor.institutionFederal University of Rio Grande Do Sul
dc.date.accessioned2022-05-01T14:35:29Z
dc.date.available2022-05-01T14:35:29Z
dc.date.issued2022-05-01
dc.description.abstractBefore the COVID pandemic, oil and gas companies invested only a small fraction of their capital on sustainable energy technologies. With the substantial improvement in the performance of batteries and their rapid cost reduction, the oil and gas industry could potentially lose a large share of their market in the transport sector. A similar shift in energy sources is happening with the surge in renewable energy sources to supply electricity, heating and cooling. In an ever more sustainable future, the need for an oil and gas industry could reduce significantly. This paper reviews the possible paths that an oil and gas company could follow to become a sustainable development corporation and continue to be relevant in the future. This paper aims to describe alternative sustainable pathways such as the extraction of natural hydrogen, a hydrogen economy, offshore wind power, deep sea mining, biorefineries, seawater air-conditioning, geothermal and geoengineering. This paper also proposes the use of electrolysis ships for the flexible production of green hydrogen and showed that its investment cost can be three times smaller than in fixed electrolysis plants. The oil and gas industry has substantial intellectual, financial capital and geopolitical influence that would not be lost during a shift to a more sustainable world. Indeed, these assets should be used to facilitate the transition to a more sustainable future.en
dc.description.affiliationFederal University of Espírito Santo
dc.description.affiliationSão Paulo State University
dc.description.affiliationFederal University of Rio Grande Do Sul
dc.description.affiliationUnespSão Paulo State University
dc.description.sponsorshipAgência Nacional do Petróleo, Gás Natural e Biocombustíveis
dc.description.sponsorshipFinanciadora de Estudos e Projetos
dc.description.sponsorshipMinistério da Ciência, Tecnologia e Inovação
dc.identifierhttp://dx.doi.org/10.1016/j.rser.2022.112291
dc.identifier.citationRenewable and Sustainable Energy Reviews, v. 160.
dc.identifier.doi10.1016/j.rser.2022.112291
dc.identifier.issn1879-0690
dc.identifier.issn1364-0321
dc.identifier.scopus2-s2.0-85125464476
dc.identifier.urihttp://hdl.handle.net/11449/234209
dc.language.isoeng
dc.relation.ispartofRenewable and Sustainable Energy Reviews
dc.sourceScopus
dc.subjectBatteries
dc.subjectOil and gas. hydrogen
dc.subjectPeak oil
dc.subjectSustainable development
dc.titlePossible pathways for oil and gas companies in a sustainable future: From the perspective of a hydrogen economyen
dc.typeArtigo
unesp.author.orcid0000-0003-3671-3363[4]
unesp.author.orcid0000-0001-5774-6987[5]

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