Oil and gas companies are facing major technological disruption
Oil and gas companies are facing major technological disruption
Over 80% of the world's energy needs are provided by coal, oil and gas.
Although technologies to extract fossil fuels may have changed over the decades, the core products themselves have never been challenged until now.
A lot of people question whether large dinosaur of an oil and gas company can really compete in such a new, high-tech environment.
Pressure to reduce carbon emissions is putting the future of fossil fuels in jeopardy.
Encouraging the growth of alternative methods to generate and distribute - power.
鼓勵增加替代方法來產生和分配 - 能源。
We are not just dairy farmer here, we are energy farmers as well.
Every private person can produce his own energy.
In just eight years, the value of the world's biggest power companies has halved, leaving industry Giants scrambling to redefine their role in this new energy world.
When I started my career, we were a monopoly.
It's always technology that truly disrupts things.
Across the world, old industries are facing disruption on an unprecedented scale.
People are not taking our taxes.
The pressure to adapt has never been greater.
It is always survival of the fittest that's capitalism
because where there's threat, there's also opportunity.
December 2015 - the Paris climate conference.
2015年12月 - 巴黎氣候大會。
For the first time ever, 195 countries agreed to a legally binding climate deal to reduce carbon emissions.
I think everyone in the oil and gas industry agrees that it's going to be a different future.
This five trillion dollar industry may be facing a seismic shift, but that doesn't mean it's ready to ditch the dirty fossil fuels that made it rich.
Instead, many companies are banking on new methods to clean up an old process.
Norwegian oil and gas giant, Statoil, struck it rich in the North Sea in the late 1960s.
Over four decades later, at its Sleipner gas rig the company is attempting to make fossil fuel production cleaner.
We have an ambition to become the most carbon efficient oil and gas producer in the world.
The world will look for companies like ourselves that take a proactive stand on this and deliver oil and gas to the world but doing it in a sustainable manner.
Statoils business still relies on the harmful burning of fossil fuels by its customers, but at least the company is trying to reduce its own carbon footprints.
It's transformed some of its offshore rigs with technology that enables engineers to separate the carbon dioxide and pump it underground.
Statoil slightly gas rig is the world's first offshore carbon capture storage plant.
(What are you working today?)
(We are change the pressure safety valve, it’s making some noise.)
At sleipner we have a lot of co2 in our gas, so we need to capture that strip it out of the gas stream before we can export the gas.
In here you will have continuous stream of captured co2 going down through this well, into the subsurface about 1,000 meters below us, and then we store this CO2 in the subsurface for ever and ever.
Each year, Statoil stores 1 million tons of co2, making extraction less carbon-intensive.
They believe that prioritizing gas over more harmful fossil fuels will further reduce global warming and keep them relevant for decades to come.
One of the advantages of the gas is that it's very abundant, it's very reliable, and it's very flexible.
You can turn the gas stream on and off so you can regulate your gas flow very very easily.
Gas may be reliable, but fossil fuels will always mean carbon emissions.
Wind and solar are cleaner but depend on subsidies.
To take on the consistency of fossil fuels, they face a huge challenge, the unpredictable weather.
In Bavaria, a tiny village has used those subsidies to take up the challenge.
This community believes it's found a way to produce a steady energy supply just from renewable sources, raising the real prospects of a future free from fossil fuels.
We have not just Dairy Milk, we have as well energy farming.
And here you can see a part of our solar panels.
We have several points where we catch the Sun and make energy.
Norbert and Kristina Bechteler’s family farm has been providing the local community with dairy products for over 200 years.
But they now have a new income - from solar energy.
但他們現在有了新的收入 - 來自太陽能。
(An important part of our business is our photovoltaic system. The electricity we produce on the roofs which we don’t use ourselves is used in the area.)
Producing your own energy with solar panels isn't revolutionary.
But in this village, they're combining solar with other renewables in an attempt to achieve the holy grail of a steady energy supply.
And they're prepared to use anything to do it.
The cows always produce manure.
Deputy Mayor, Gunter Mogele has helped drive the villages pioneering efforts to make renewable energy a realistic option.
We can prove that we always have more than 100 percent of energy even if there is no wind and no sun at all.
There's one renewable that never disappears as it can be sourced from the decay of virtually any organic matter - it's called biogas.
有一種可再生的東西永遠不會消失，因為它可以來自幾乎所有有機物質的腐爛 - 它被稱為沼氣。
Of the for biogas plants in the village, Farmer Einsiedler runs the largest.
(We’ve starting used onions. Onions, really? I didn’t know you could use onions. I’ve seen everything else used. Otherwise, you’d have to compost it, or get rid of it without using it.)
我們開始用洋蔥了。 洋蔥，真的嗎？ 我不知道你可以用洋蔥。 我見過其他所有的東西。
Combining these different sources has been so successful the village now generates five times more energy than it needs.
But that's just part of the challenge of turning renewables into a credible energy supply.
It's not only about renewable energy, generation it's also about power saving and energy saving.
In order to be able to use wind and solar power literally around the clock, storage is absolutely key.
Within this community, one young company has developed a home battery system that enables the villages to store the excess solar energy they produce for later use.
We are the first to offer storage systems for the residential market in the world, and obviously storage helps customers to use solar power regardless with the sun shining or not.
The technology behind this battery system also holds the key to a much bigger prize for the villages - supplying energy to each other.
這個電池系統背後的技術也是為村莊提供更大目標的關鍵 - 為彼此提供能源。
Our battery systems are online and we can recognize in real-time who is currently feeding power into the grid, and who still needs power from the grid.
And an amazing result is that you have both customers who have excess power, and customers who need power from the grid, and our general idea was let them share their power between each other and to get rid of stinky coal plants and nuclear power stations.
Our customers can literally replace the traditional utility is 100% and go independent.
Norbert and Christina supply 50 neighbouring households with the energy they generate
It’s good for households to know where their energy is produced
that it doesn’t come from large companies or far away, but bought in the area.
where this community has led many others have now followed
there are now almost 1000 energy cooperatives around Germany
it's a major challenge for the country's big four utilities
In eight years the biggest Eon has seen its share price fall by over three quarters
when I started my career we were a monopoly
Technology has tremendously changed
Renewables are getting cheaper and cheaper
Customer behaviour is changing tremendously
And society with climate change and other issues has total different expectations to the industry so the industry was shaken up at its fundament
and it's a total different industries from the 27 years ago when I started
Ian's income from fossil fuels has fallen by more than a third since 2008
the company recently made a drastic decision to fully commit to the renewable revolution
E.on has taken a very brave step we broke the company I would say in two
All the commodity business, the traditional fossil power plants all those businesses we spin off into a company called Unipro
and we are remaining with renewables.
E.on plans to spin-off the majority share of its fossil fuel assets by the end of 2016
and scale up its investment in wind and solar
but rather than focus on just generating renewable power
E.on is sensing its real opportunity lies in managing this diverse new supply on an industrial scale
This green society needs to be managed
here you need to manage millions of feeding and consumption sites
you will have sharing economies in between, you will have under overconsumption at time
this management equation big data mining, technical competence, is obviously something this world needs and E.on will strive for being a capable partner in that
To secure its place in this new decentralized energy world
this former monopoly is taking steps that would have been unthinkable just a decade ago
we are open for any kind of partnerships with any partner with any customer and yes this is also a new attitude we don't need to control the world
E.on's partnerships have produced a raft of renewable energy projects
At the Arkona Wind farm in the baltic sea,
Their investment partner is a surprising newcomer to the alternative energy industry
Norwegian oil and gas giant statoil
altogether is 1.2 billion euros and we're taking 50% of that
We're talking real money here it's not just branding or greenwashing
we expect tremendous growth with wind in particular
And you know if you're a business person you want to take advantage of those growth opportunities and be part of it
Statoil like Eon is positioning itself to take advantage of the energy industries new horizons
Statoil 就如 Eon 一樣，正在利用能源行業的新視野。
The company's next project draws on four decades of offshore experience to steal a march on far newer rivals
It’s always exciting
it's the first floating full-scale windmill in the world
Even it is very windy it looks like it still but it's actually floating
The world's biggest offshore operator has developed a floating turbine there can be mass-produced cheaper and quicker than existing static windmills
I think it actually makes some sense that it was an oil and gas company that came up with this
because we are reusing a lot of technology on the oil and gas sector
We're using platform technology it's ballasted it doesn't have any legs
the special software allows the blades to move in certain direction
which optimizes the wind production.
But it also makes the power stand still.
Startoils first floating wind farm is scheduled to be delivered to a site off the east coast of Scotland by 2017.
I think this is the future. It's a future wind at least.
You can have them anywhere in the world anywhere in any kind of sea.
so this allows us to move further from shore get better wind and produce cheaper electricity.
Other fossil fuel giants including Shell Exxon and Total are also starting to hedge their bets with a range of investments in biofuel batteries solar and wind.
it might seem like a surprising move.
but by embracing these alternative technologies now.
forward-thinking oil and gas companies might just be able to withstand the disruption caused by the Renewable revolution.
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