Energy Evolution Exchange

Ocean renewable energy is starting to play a significant and very important role in combating global climate change. Including ocean renewables in the energy policy will help in reducing emissions of greenhouse gases. Among the many options of ocean renewables, such as tidal, wind, wave, floating solar, salinity gradient, and ocean thermal energy, offshore wind power is one of the fastest-growing technologies. It is predicted that by 2042, offshore wind would become the number one energy source for Europe. Global offshore wind capacity is expected to increase by fifteen-fold by 2040 and make it a $1 trillion industry.

Asia is blessed with long coastlines, unique geography, and newly evolved favourable government policies, with impetus on the blue economy, and looks set to grow significantly in the offshore wind energy sector over the next decade. Offshore wind includes both fixed-bottom and floating wind and remains at the forefront with an unstoppable growth trajectory. Global Energy Monitor (GEM) predicts that wind power in East Asia is likely to grow by 65%, making it one of the top wind-producing energy sectors by 2030. Nevertheless, we are nowhere near its growth potential, and some of the factors that impact the growth of wind power are lack of financing, infrastructure, social licensing, technology, and lack of global standards.

This session will address the above areas of concern and propose ideas and solutions on how to propel wind energy production and usage with specific reference to the Asia region.

This panel session focuses on pathways and strategies to help energy companies achieve net-zero emissions by minimising greenhouse gas (GHG) emissions from their operations. The session will delve into key topics related to GHG management, offering insights into cutting-edge solutions and best practices.

The session will kick off by addressing the pressing methane challenges associated with existing facilities. Industry experts will share innovative approaches to tackle methane emissions, outlining practical measures to identify and reduce fugitive emissions, thus curbing one of the most potent GHGs responsible for global warming.

Another essential aspect of the panel discussion will be centered on designing low-carbon footprint facilities. The focus will be on harnessing cutting-edge compressor technology to create environmentally friendly infrastructure. By adopting greener compression methods, energy companies can significantly mitigate their carbon footprint and pave the way towards sustainable operations.

Decarbonisation through electrification will also take centre stage, as experts highlight the potential of reducing reliance on diesel fuel in coiled tubing operations. By transitioning to electricity, energy companies can enhance energy efficiency while curbing emissions.

Lastly, the transformative impact of technology and digitalisation will be examined in emissions reduction and energy efficiency improvements. Innovations in data analytics, artificial intelligence, and IoT solutions have the potential to revolutionise GHG management in the energy sector.

Through this panel session, participants will gain a comprehensive understanding of key strategies to achieve net-zero emissions, fostering collaboration and driving innovation in the journey towards a sustainable and greener future for energy companies.

Hydrogen, hailed as one of the cleanest energy sources available, holds immense promise in driving the transition towards a sustainable future. However, challenges such as high production costs and infrastructure development hinder its widespread adoption. Despite this, countries in the region recognize hydrogen's potential and have made substantial investments to become key hydrogen suppliers.

This session zooms in on the game-changing potential of hydrogen and hydrogen-based fuels’ offshore applications and strategies as the industry embarks on a journey to harness the true power of hydrogen, driving the transition towards cleaner energy sources.

• Optimising the end-to-end value chain of hydrogen
• Offshore applications: ammonia generation, storage, reinjection, absorption, and reforming
• Developing efficient and cost-effective logistics and infrastructure to enable adoption and distribution of hydrogen.

This session will delve into the dynamic energy landscape of the Timor Sea, focusing on key offshore developments and carbon capture and storage (CCS) initiatives. The spotlight will be on various projects that hold immense promise for the region's energy future, where invited industry leaders, policymakers, and experts will share their knowledge and experiences, shedding light on the future of energy in the Timor Sea and beyond. Key discussion points may include:

• Journey of the Bayu-Undan re-purposed field, situated off the coast of Timor-Leste, as a future CCS facility. Experts will discuss the technical aspects, challenges, and potential benefits of converting this field into a critical CCS hub.
• The Greater Sunrise development will be explored in depth, highlighting the numerous opportunities it presents, as well as the challenges faced in harnessing its full potential. This development has the potential to transform the energy landscape of the region significantly.
• Appraisal and development plans of Chuditch, providing valuable insights into the project's progress and its role in furthering the region's energy goals.
• Gain valuable knowledge on the Verus (Evans Shoal) development plans, which will play a crucial role in the energy mix of the Timor Sea area.
• Ongoing CCS 'exploration' in the Timor Sea. Experts will share insights into the exploration progress, potential storage sites, and the implications of successful CCS implementation in the region.
• Examination of the Abadi field development in Indonesia, emphasising its importance in the broader energy landscape and the strides being made in its development.

Discover the latest advancements in clean energy technology and solutions, specifically focused on reducing Scope 1 and 2 emissions. This session offers valuable insights and discussions on driving emissions reduction across various sectors, paving the way towards a cleaner and more sustainable future. Topics to be discussed include:

• Small-scale closed-loop geothermal power generation: Showcasing innovative approaches to harnessing geothermal energy on a smaller scale.
• Exploring renewable energy sources: Waves, tidal currents, offshore floating wind, and biofuels, and their application in achieving sustainable energy production.
• Floating solutions in offshore renewables: Highlighting the potential of floating platforms for offshore wind and other renewable energy installations.
• Electric vehicles (EVs) and batteries: Examining their role in decarbonising transportation and energy storage.
• Strategies to decarbonise the supply chain, offshore logistics, and the marine industry: Including the electrification of boats and offshore supply vessels (OSVs).

This session explores the crucial role of carbon policy and standardization in promoting sustainable development across Asia. With the urgent need to combat climate change and reduce greenhouse gas emissions, countries in Asia are increasingly adopting comprehensive carbon policies and implementing standardized frameworks.

This session will provide insights into the current landscape of carbon policy in Asia, highlighting key initiatives and regulatory frameworks that have been put in place to drive decarbonization efforts.

• Role of carbon policy and standardisation in promoting sustainable development in Asia
• Carbon reporting: Developing robust carbon reporting guidelines that foster consistency and transparency 
• Fostering knowledge exchange, collaboration, and adoption of effective carbon policies and standardisation practices in Asia for a sustainable and low-carbon future
• Best practices for measuring, reporting, and verifying carbon emissions 
• Emission standards and regulations: Toward regional alignment
• Collaborative initiatives and partnerships: Capacity building and information sharing among stakeholders to drive collective action