Energy

Assisting Oil and Gas Companies:

Genus BA is at the forefront of assisting oil and gas companies in navigating possibilities and overcoming challenges throughout the entire commodity supply chain. From the fuel source to end-user delivery, our ideas help reduce risk and maximise profit in both financial and physical endeavours.

Global Shift Towards Less Carbon-Intensive Energy:

The global shift from fossil fuels, such as oil, petrol, and diesel, to less carbon-intensive energy sources is underway. To stay competitive, economies must decarbonize, a crucial step highlighted by previous UNFCCC presidents.

Impact of Electric Vehicles and Maritime Industry Shifts:

• Rise of Electric Vehicles: In response to climate security concerns, the use of electric vehicles has surged, driving significant technological advancements.
• Maritime Industry Transformation: The global maritime industry shifted away from high sulfur fuel oils, complying with mandatory shipping regulations by the International Maritime Organization (IMO) in 2020.

Challenges in the Oil Refinery Sector:

As a result of these shifts, oil refinery profit margins are under pressure, particularly for older, high-cost, and less efficient refineries. Predicting future market stability is challenging for oil producers.

Role of Natural Gas in Climate Protection and Economic Security:

Natural gas emerges as a key player in climate protection and economic security, especially for developing countries. It offers:

• A low-carbon fuel alternative to oil.
• More energy delivery compared to other fossil fuels.
• An estimated 50% less CO2 emission per kilowatt-hour than coal and lignite.
• Availability as a byproduct of upstream activity, replacing revenue loss from diminishing fossil fuel markets.

Development Opportunities:

The development of a domestic market for natural gas is a priority for many developing countries, ensuring sustainable energy security and fostering industrial development. However, challenges exist in the form of underdeveloped mid and downstream supply infrastructure and a lack of expertise in dealing with the international wholesale gas market.