Energy Transition Outlook 2019

Aker Solutions – Providing emissions solutions

Aker Solutions has been developing and supplying low carbon alternatives and solutions to the oil and gas industry and beyond for multiple years which has contributed to the reduction of power and energy requirements of offshore installations, as well as the carbon emissions of onshore installations. In alignment with this, Aker Solutions recently announced an updated strategy, targeting a 20% revenue from renewables and 25% revenue from low carbon technology by 2030. ‘20/25/30’ is a goal that aims to realise activity across several areas of focus: Renewable power solutions – Aker holds a 23% stake in Principle Power Incorporated, a supplier of floating wind semi-submersible technology and is involved in multiple major wind farm developments in the UK, US and South Korea. With gas turbine power generation, a critical influencer on offshore GHG emissions, the floating wind market provides a solution to GHG emissions in offshore energy applications. Carbon capture, utilisation and storage – Aker Solutions has a proven environmentally friendly, solvent capture technology as seen in its modular onshore capture technology JustCatch™ and the industrial scale Big Catch, expertise now being extended offshore. Aker has performed studies that allow for the capture and disposal of CO2 at the source on FPSOs. The company is also investigating advancements in gas membrane technology that filters out CO2 subsea and reinjects this back into the well. Decarbonisation of oil and gas – Furthermore, Aker Solutions has now entered a new phase of development to decarbonise the oil and gas industry, investigating and understanding where the main losses are in respect to GHG emissions and developing new technologies and solutions to save clients’ money and reduce CO2 emissions of offshore facilities. Examples of these include remote sensing capabilities, low-emission power from shore, energy efficiency, flare gas recovery, platforms of the future and material and process optimisation.

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