Our documentary on the future of the oil and gas industry
2020 has been a year of substantial, unexpected change.
One topic that's grown in importance throughout the pandemic is climate change, propelled by key influential people such as Sir David Attenborough and Greta Thunberg. Many of us have the year 2050 locked in our minds as the deadline for a carbon neutral world. It's also a target that’s on the radar of all nations signed up to the Paris Agreement.
The 2015 Paris Agreement set the goal of keeping global average temperature increases to less than 2°C above pre-industrial levels by 2050. This was the primary catalyst for more than 800 companies launching ambitious programs to minimise greenhouse gas emissions, with a goal to become carbon neutral by 2050.
But experts say that 2050 might even be too late and action is needed now. Sir David Attenborough spoke at the COP26 climate summit, declaring, “Now is the moment. Forget 2050, forget 2030, if we fail to act now, we are all doomed. Now is the moment.”
With this statement, all eyes fall on the oil and gas industry, one that's gained a reputation saturated in negative connotations. Transforming the fossil fuel-based energy system to one that’s sustainable and decarbonised is one of the world’s greatest challenges. Achieving this requires innovation from oil and gas companies who must look to new technologies to find the solution.
There's already progress in predictive analytics and data management which will have a positive effect in this high-risk work environment. Meanwhile, new technologies make it easier for oil and gas companies to manage the supply and distribution phases so future extraction is safer and more viable.
Despite these emerging technologies, there's still a drive towards alternative renewable energy sources which has left a question mark over the future of the oil and gas industry. Does it have a place in a carbon neutral future?
In short, yes, but the industry has a lot of work to do. Oil and gas accounts for 68% of fossil fuels used for energy creation and entire countries rely on its production to drive their economies. This means a complete turn away from this vital industry will be unlikely but it needs to see change. Renewable energy sources show that an alternative future for energy is viable, but oil and gas must do its part to become greener, leaner, safer and more reliable to have a seat at the table.
Executive TV delves into this topic in their documentary The Future of the Oil and Gas Industries. Dashboard was proud to contribute to the documentary, sharing our expertise on how the data-driven revolution could hold the solution for a safer, cleaner and more efficient oil and gas industry.
Dashboard is making changes to industry through developing a turn-key solution rooted in the data-driven revolution that upgrades existing pipelines used for oil and gas. With most environmental discussions focussed on emissions, Dashboard recognised another issue from the massive legacy structure of oil and gas pipelines which, should they fail and leakages occur, would have a devastating environmental impact.
Our solution improves monitoring of these structures by making pipelines smarter using sensors and data points to paint a clear visual of a pipeline’s health with foresight to predict failure. This is one of many clean technology solutions which will help the oil and gas industry become more environmentally responsible.
The Future of the Oil and Gas Industries documentary was first broadcast on Sky in February but the documentary is available to watch on our Vimeo channel.