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Home > News > Market Flash > The world energy market is undergoing 'three revolutions' simultaneously

The world energy market is undergoing 'three revolutions' simultaneously

ECHEMI 2020-08-06

The first energy revolution, the "unconventional oil and gas revolution". It has reshaped the global oil and gas landscape and realized "three innovations": scientific and technological innovation represented by continuous oil and gas accumulation geological theory and horizontal well volume fracturing platform mining technology, to develop core key technologies on demand, and low-cost and efficient operation Management innovation in order to achieve US energy independence and strategic innovation to reshape the global energy map. The traditional conventional oil and gas industry is guided by the theory of petroleum and natural gas geology, and the core is to find and evaluate trap "oil reservoirs" and "target zones"; the unconventional oil and gas industry is guided by the theory of unconventional oil and gas geology, and the core is evaluation Continuous "dessert area" and "dessert section". The world oil industry is leaping from conventional to unconventional oil and gas. In the future, China’s unconventional oil and gas industry must plan “two dreams”, namely “continental shale oil breakthrough” focusing on in-situ shale modification, and strive to realize the “shale oil revolution dream”; The “natural gas breakthrough” focused on gasification, and strive to realize the “natural gas revolution dream”.

 

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The second energy revolution, the "new energy revolution". The world's energy development is shifting from fossil fuels to new energy, and the development of the four main energy sources has entered their respective stages. Coal development has entered a "transition period", oil development has entered a "stability period", natural gas development has entered a "golden period", and new energy development has gradually entered a "golden period", forming a "quadruple world" of coal, oil, natural gas, and new energy. pattern. With the advent of a new round of technological revolution, the accelerated development of new energy has become an inevitable trend and inevitable choice for energy development.

The third energy revolution, "intelligent energy revolution". The world has entered the fourth industrial revolution marked by the integration of biology and computing science, leading the energy industry into the era of intelligence. In the future, in addition to increasing more energy production, we should also innovate more efficient use and optimization of energy-saving energy management models, and use big data, artificial intelligence, information technology, etc. to achieve a new "intelligent source" of multi-energy complementation, multi-network integration, and smart collaboration. The management method promotes the transformation of single energy utilization to multi-energy utilization of "big energy", achieving efficient utilization, energy saving and clean. Through "smart sources", "coal, oil and gas, new energy, etc." multi-energy complementarity, "grid, pipe network, transportation network, etc." multi-network integration, "on-demand energy supply, peak-valley balance, and civil and commercial balance" supply and demand will be formed A new energy management model of linkage, "energy control center" and smart collaboration.

The world is entering a new stage of transition from fossil fuels to new energy. The development of new energy is gradually entering the "golden period". Three possible "gray rhino events" represented by hydrogen energy, energy storage, and controlled magnetic confinement fusion are profoundly affecting In the energy industry, the hydrogen energy industry and the petroleum industry have the best integrated development advantages. Artificial intelligence technology represented by quantum computing and computational science has promoted the world's petroleum industry from traditional mechanized production to the era of intelligence, leading oil and gas companies to transform into comprehensive energy companies.


The transformation of China National Oil Corporation has entered a period of strategic opportunities, "adhere to conventional, break through unconventional, and open up new energy", accelerate the layout of "conventional oil and gas to unconventional, domestic oil and gas to foreign countries, oil and gas industry to new energy", "three greater leap "It will be more conducive to ensuring China's energy security, or it will promote China's realization of "energy independence."

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
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