Carnot selected for OGTC Tech X Accelerator
5th May 2020
Carnot is delighted to announce we have been selected for The Oil and Gas Technology Centre Tech X Accelerator programme. From an original 150 applicants, Carnot are one of 10 awardees to participate in the programme supported by BP, Equinor, and KPGM.
The OGTC was Established in October 2016 with £180 million from the Aberdeen City Region Deal, the OGTC aims to be the go-to technology centre for the oil and gas industry – both in the UK and internationally. Their goal is to unlock the full potential of the UK North Sea, anchor the supply chain in North East Scotland and inspire a culture of innovation and transformation.
The industry is facing increasing demands to to explain the contributions that they can make to reducing greenhouse gas emissions and to achieving the goals of the Paris Agreement.
Challenges facing UK Oil and Gas
The industry is facing increasing demands to to explain the contributions that they can make to reducing greenhouse gas emissions and to achieving the goals of the Paris Agreement. The industry is also facing competition from the likes of US-shale and must adapt to remain competitive. The industry must introduce innovative techniques and process to reduce operating costs.
Rising demand in Oil and Gas
Even in the most ambitious scenarios, such as shown in the figure, oil and gas will continue to provide a vital contribution to meeting global energy demand. In this scenario, which is consistent with limiting global warming to less than 2°C, oil and gas would still be required to meet 48 per cent of energy demand in 2040, compared with 54 per cent at present. The same path would also see the relative importance of gas increase from 22 per cent to 25 per cent of demand.
The global Oil and Gas industry has a significant role to play in the path to net zero. The potential to make lasting change is more apparent than ever as one of the biggest contributors to the global supply in the years to come. Carnot sees this as an opportunity to revolutionise the industry by contributing to the effort on the path to net zero emissions.
Net Zero Emissions
OGTC Tech X