< Previous68 FLARE GAS MANAGEMENT BY SIEMENS ENERGY Effi ciently eliminating fl aring during oil production 68 OAG_World Energy Transition Leaders 2024_68-71_ Siemens 68-71_13328452.indd 68OAG_World Energy Transition Leaders 2024_68-71_ Siemens 68-71_13328452.indd 6810/07/2024 09:4510/07/2024 09:456969 OAG_World Energy Transition Leaders 2024_68-71_ Siemens 68-71_13328452.indd 69OAG_World Energy Transition Leaders 2024_68-71_ Siemens 68-71_13328452.indd 6910/07/2024 09:4510/07/2024 09:4570 OAG_World Energy Transition Leaders 2024_68-71_ Siemens 68-71_13328452.indd 70OAG_World Energy Transition Leaders 2024_68-71_ Siemens 68-71_13328452.indd 7010/07/2024 09:4510/07/2024 09:4571 Siemens Energy’s flare gas management initiative is a collaborative effort to utilise flare gas as a power source for decentralised data centres. This solution eliminates flaring at oil production sites and makes the process more efficient. The goal is to mitigate methane emissions and convert a significant portion of routine flared gas into a reliable energy source for powering decentralised data centres. The approach prevents gas flaring and transforms flare gas into a valuable commodity for the digital economy while helping customers reduce emissions. What was identified at COP28, through the methane mitigation initiative, is that there is a massive opportunity across the Middle East to generate multiple benefits from developing gas–to–power systems. This is particularly true given that customers can now leverage the optionality of selling economically stranded energy in their best interest. With energy abundance in the Middle East and efficiency being the main driver for the data centre market, decentralised data centres will continue to push further upstream toward the energy source. They can act as a downstream energy consumption market, giving the oil and gas companies an entirely new perspective. This is just one way they can enhance and secure more economic value from the existing operations at the very point of energy’s initial production. Siemens Energy aims to provide comprehensive flare gas management solutions, offering tailor-made electrical, mechanical, and automation systems. The company provides consultancy during the conceptual design phase, identifying process requirements and evaluating the complexity of the solution to ensure a seamless experience for its customers. The core of Siemens Energy’s solution lies in its portfolio of gas turbines designed for decentralised power generation applications. Burning flare gas in the turbines reduces methane emissions. It demonstrates exceptional efficiency, providing up to 80 times a decrease in methane levels and showcasing the solution’s adaptability to meet specific application needs. OAG_World Energy Transition Leaders 2024_68-71_ Siemens 68-71_13328452.indd 71OAG_World Energy Transition Leaders 2024_68-71_ Siemens 68-71_13328452.indd 7110/07/2024 09:4510/07/2024 09:4572 OAG_World Energy Transition Leaders 2024_72-75_Green Hydrogen_13331735.indd 72OAG_World Energy Transition Leaders 2024_72-75_Green Hydrogen_13331735.indd 7210/07/2024 09:4610/07/2024 09:4673 GREEN HYDROGEN IN OMAN Actis and Fortescue are set to pioneer the promising clean fuel 73 OAG_World Energy Transition Leaders 2024_72-75_Green Hydrogen_13331735.indd 73OAG_World Energy Transition Leaders 2024_72-75_Green Hydrogen_13331735.indd 7310/07/2024 09:4610/07/2024 09:4674 In April 2024, a consortium of Actis and Fortescue, an integrated metals company, was awarded the rights to develop a green hydrogen facility in Oman. Announced at Oman Sustainability Week, the project represents a huge opportunity to support Muscat’s net-zero agenda and the wider GCC region’s shift from grey to green hydrogen. The project, which was signed in partnership with Hydrom, Oman’s state-owned Hydrogen company, is expected to involve the construction of up to 4.5GW of wind and solar infrastructure which will be used to power electrolysers that, once completed, will produce up to 200,000 tonnes of green hydrogen each year. This project directly supports Oman’s 2050 net zero objective and its target of producing 3.75 million tonnes of hydrogen per year by 2040. The companies said they were attracted to Oman both because of its climate, and its geographical suitability for the export of green hydrogen derivatives to Europe. Additionally, Oman’s well-structured plans around common-use infrastructure and the usability of Hydrogen made this proposition particularly attractive. This investment follows Actis’ commitment to be net zero by 2050, and specific targets such as for 50% of its assets under management to be invested in ‘climate solutions’ by 2030. OAG_World Energy Transition Leaders 2024_72-75_Green Hydrogen_13331735.indd 74OAG_World Energy Transition Leaders 2024_72-75_Green Hydrogen_13331735.indd 7410/07/2024 09:4610/07/2024 09:4675 OAG_World Energy Transition Leaders 2024_72-75_Green Hydrogen_13331735.indd 75OAG_World Energy Transition Leaders 2024_72-75_Green Hydrogen_13331735.indd 7510/07/2024 09:4610/07/2024 09:4676 OAG_World Energy Transition Leaders 2024_76-79_Wind Masdar_13331837.indd 76OAG_World Energy Transition Leaders 2024_76-79_Wind Masdar_13331837.indd 7610/07/2024 09:4610/07/2024 09:4677 WIND ENERGY IN THE UAE MASDAR aims to develop wind farms with a total combined capacity of over 100MW 77 OAG_World Energy Transition Leaders 2024_76-79_Wind Masdar_13331837.indd 77OAG_World Energy Transition Leaders 2024_76-79_Wind Masdar_13331837.indd 7710/07/2024 09:4610/07/2024 09:46Next >