Approaches for Integrating Renewable Energy Technologies in Oil and Gas Operations

Petroleum (including both oil and gas) heats our homes, drives our transportation system, generates electricity and makes modern life possible. Continued demand from developed countries along with growth from developing economies implies demand for oil and gas will likely continue to be robust. Considering the desire to maximize production efficiency and economic returns, there is increased attention to the fact that nearly 10% of oil is consumed in the process of oil production, transportation and refining (Halabi, et al., 2015), and that a quarter of a barrel of oil is used to produce a barrel of heavy oil (Wesoff, 2015). As oil and gas development shifts to secondary and other non-conventional sources, meeting future demand is anticipated to require substantial amounts of energy to produce, transport and refine petroleum. Increasing efficiency of operations and incorporating energy sources that maximize product revenue while simultaneously addressing local environmental concerns as well as reducing overall greenhouse gas emissions has prompted a growing interest in integrating renewable energy technologies in oil and gas operations. Furthermore, due to dramatic declines in the cost of energy generation from renewable sources, integrating renewable energy technology can in many cases reduce operations costs as well. This report provides an overview of where renewable energy technologies can economically be integrated into oil and gas operations.