The declining performance of the oil sector
This article presents a relational analysis of the performance of the petroleum sector in the context of climate change mitigation. The oil sector is described as a complex network of transformations carried out by structural and functional elements, exploiting different types of crude oils. Energy...
| Authors: | ; ; |
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| Format: | Article |
| Publication date: | 2021 |
| Country: | España |
| Institution: | Universitat Autònoma de Barcelona |
| Repository: | Dipòsit Digital de Documents de la UAB |
| Language: | English |
| OAI Identifier: | oai:ddd.uab.cat:249246 |
| Online Access: | https://ddd.uab.cat/record/249246 https://dx.doi.org/urn:doi:10.1016/j.apenergy.2021.117210 |
| Access Level: | Open access |
| Keyword: | Oil depletion Unconventional oils Fossil transition CO2 emissions Relational analysis Climate change mitigation |
| _version_ | 1878742418010931200 |
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| author | Manfroni, Michele|||0000-0001-7346-0866 |
| author2 | Bukkens, Sandra|||0000-0001-9171-3150 Giampietro, Mario|||0000-0002-5569-7023 |
| author2_role | author author |
| author_browse | Bukkens, Sandra|||0000-0001-9171-3150 Giampietro, Mario|||0000-0002-5569-7023 Manfroni, Michele|||0000-0001-7346-0866 |
| author_facet | Manfroni, Michele|||0000-0001-7346-0866 Bukkens, Sandra|||0000-0001-9171-3150 Giampietro, Mario|||0000-0002-5569-7023 |
| author_role | author |
| collection | Dipòsit Digital de Documents de la UAB |
| description | This article presents a relational analysis of the performance of the petroleum sector in the context of climate change mitigation. The oil sector is described as a complex network of transformations carried out by structural and functional elements, exploiting different types of crude oils. Energy carrier requirements and emissions of viable sequential pathways of extraction and refining are assessed and scaled across different levels of organization, using the concept of metabolic processor. Based on the analysis of seventy-one oil fields around the world - about 25% of global production - we provide a diagnostic analysis of the current state and explore possible scenarios simulating the progressive aging of conventional oil sources and an increasing exploitation of unconventional crudes. Results show how future oil exploitation will be more energy intensive, entailing an increase of emissions per barrel in the range of 6-26% over the baseline, depending on the simulation. Under the existing policy frameworks and international pledges, this increase will translate into an amount of extra CO comparable to entire European economic sectors. Implications of our findings for future energy policies are discussed and the need to complement Integrated Assessment Models (IAMs) with more robust methodologies is emphasized. It is concluded that the declining performance of the oil sector could potentially undermine the plausibility of global low-carbon aspirations. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | ES_f58bf347a3ac307e10fbcdd4e2e976f9 |
| institution | Universitat Autònoma de Barcelona |
| instname_str | Universitat Autònoma de Barcelona |
| language | eng |
| network_acronym_str | ES |
| network_name_str | España |
| oai_identifier_str | oai:ddd.uab.cat:249246 |
| publishDate | 2021 |
| publishDateSort | 2021 |
| reponame_str | Dipòsit Digital de Documents de la UAB |
| spelling | The declining performance of the oil sector Implications for global climate change mitigation Manfroni, Michele|||0000-0001-7346-0866 Bukkens, Sandra|||0000-0001-9171-3150 Giampietro, Mario|||0000-0002-5569-7023 Oil depletion Unconventional oils Fossil transition CO2 emissions Relational analysis Climate change mitigation This article presents a relational analysis of the performance of the petroleum sector in the context of climate change mitigation. The oil sector is described as a complex network of transformations carried out by structural and functional elements, exploiting different types of crude oils. Energy carrier requirements and emissions of viable sequential pathways of extraction and refining are assessed and scaled across different levels of organization, using the concept of metabolic processor. Based on the analysis of seventy-one oil fields around the world - about 25% of global production - we provide a diagnostic analysis of the current state and explore possible scenarios simulating the progressive aging of conventional oil sources and an increasing exploitation of unconventional crudes. Results show how future oil exploitation will be more energy intensive, entailing an increase of emissions per barrel in the range of 6-26% over the baseline, depending on the simulation. Under the existing policy frameworks and international pledges, this increase will translate into an amount of extra CO comparable to entire European economic sectors. Implications of our findings for future energy policies are discussed and the need to complement Integrated Assessment Models (IAMs) with more robust methodologies is emphasized. It is concluded that the declining performance of the oil sector could potentially undermine the plausibility of global low-carbon aspirations. https://ddd.uab.cat/record/249246 https://dx.doi.org/urn:doi:10.1016/j.apenergy.2021.117210 |
| spellingShingle | The declining performance of the oil sector Manfroni, Michele|||0000-0001-7346-0866 Oil depletion Unconventional oils Fossil transition CO2 emissions Relational analysis Climate change mitigation |
| title | The declining performance of the oil sector |
| title_full | The declining performance of the oil sector |
| title_fullStr | The declining performance of the oil sector |
| title_full_unstemmed | The declining performance of the oil sector |
| title_short | The declining performance of the oil sector |
| title_sort | The declining performance of the oil sector |
| topic | Oil depletion Unconventional oils Fossil transition CO2 emissions Relational analysis Climate change mitigation |
| topic_facet | Oil depletion Unconventional oils Fossil transition CO2 emissions Relational analysis Climate change mitigation |
| url | https://ddd.uab.cat/record/249246 https://dx.doi.org/urn:doi:10.1016/j.apenergy.2021.117210 |