Petroleum Review June 2019

Faced with sweeping challenges, the UKPIA Director General opens this month’s issue by emphasising the positive contribution the downstream sector can make to the transition to a low carbon economy. The key is development of the ‘smart’ or ‘intelligent’ refi­nery according to Accenture and process technologist Emerson. Later in the issue, we highlight strong signs of innovation downstream in the Middle East.

In the upstream arena, Russia is driving major gas infrastructure developments along with new exploration activity in the Arctic, Caspian Sea and Far East. Moreover, we learn that the Russian bear is seeking to boost LNG supply to Japan’s gas market.

On the innovation front, we cover the latest blockchain initiatives being tested by North Sea traders to improve back-office efficiencies. Meanwhile, PwC provides fascinating feedback from leading upstream digital development executives.

And on the environmental side, we report on the ­findings of a recent EI workshop examining groundwater protection risks.

This is truly an industry focusing on new development and global sustainability in the transition to a low carbon future.

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