Future of oil and gas Industries

[Anisha fatima + 8]

Is oil and gas industries dying in this pandemic situation?

[Devon 0]

Not anytime in the near future. Not only is green energy still not able to support even 20% of the global energy consumption but the price of redirecting our grids isn't financially viable. Politicians can say whatever they want but the pollution from lithium batteries and the fiberglass wind turbines cause damage to the environment themselves. Big business knows this and they know we're atleast 2 decades away from seeing any real progress from green energy. I'm willing to bet that major players in the oil&gas industry will crank up the volume and grab as much profit as they can get over the next 20 yrs. And by then who knows what type of progress they'll have made in the research and development sector of their companies.

[Sebastian Meana + 278]

Petrochemicals, there are endless uses and more uses appearing for solvants, chemical, reduction gents, also waste to syngas, using plastic waste to make syngas to make synthetic oil to make plastic again, which are very useful. Using CO2 capture from gas or coal fired powerplants to make synfuel among other stuff.

Edited August 26, 2021 by Sebastian Meana

[footeab@yahoo.com + 2,192]

On 8/22/2021 at 11:03 PM, Anisha fatima said:

Is oil and gas industries dying in this pandemic situation?

Has anyone stopped using plastics, petrochemicals, or Diesel etc?  No

[nsdp + 449]

 Yes, all marine usage for vessels over 5000tons  displacement  are switching to JP8 due to sulfur content. Look at the record tonnage of ships going to the breakers this year.

[Anisha fatima + 8]

Excellent reply dear mates! Does any of our team mates working in  Oil & Gas Companies in Dubai?