All Issue

2021 Vol.58, Issue 4 Preview Page

Review

Analysis of Trends of New and Renewable Energy Businesses in Global Oil and Gas Companies

글로벌 석유·가스 기업의 신·재생에너지 사업 동향 분석

Dae-Mo Lee1
,
Se-Yun Jung2
,
Jong-Se Lim3*
이 대모1
,
정 세윤2
,
임 종세3*
1Master Student, Department of Ocean Energy & Resources Engineering, Korea Maritime & Ocean University, Busan, Korea
2Researcher, Team of Emissions Business, Climate Strategy Headquarters, Ecosian, Seoul, Korea
3Professor, Department of Energy & Resources Engineering, Korea Maritime & Ocean University, Busan, Korea
1한국해양대학교 해양에너지자원공학과 석사과정
2㈜에코시안 기후전략본부 배출권사업실 주임연구원
3한국해양대학교 에너지자원공학과 교수
*Corresponding Author
31 August 2021. pp. 341-352
PDF XML Citation
Abstract

Based on the current climate system, governments worldwide are strengthening climate policy and expanding related regulations. Accordingly, global oil and gas companies have invested in new and renewable energy projects to cope with the climate crisis and secure new growth engines in the post-Corona era. Similarly, domestic oil and gas companies are increasingly required to establish strategies for expanding new and renewable energy businesses, which require an understanding of business trends based on global markets and business cases. Although European and American companies have different business sizes owing to differences in responses to climate change and government policies, they have expanded their business areas using various methods in common. However, the new and renewable energy sectors in domestic companies have not yet advanced. Therefore, continuous efforts must be made to gain technological knowledge and experience to emerge as a global market in the future.

Keywords
Global Oil and Gas Companies
New and Renewable Energy
Business Trends

현재 신기후체제를 기반으로 세계 각국 정부는 기후정책을 강화하며 관련 규제를 확대해나가고 있다. 이에 따라 글로벌 석유‧가스 기업들은 기후 위기에 대응하고 포스트 코로나 시대에 신성장 동력을 확보하고자 신‧재생에너지 사업에 투자하고 있다. 국내 석유‧가스 기업도 신‧재생에너지 사업 확대를 위한 전략 수립의 필요성이 증가하고 있으며, 이를 위해서는 세계 시장 및 사례를 바탕으로 사업 동향에 대한 이해가 필요하다. 유럽계와 미국계 기업은 기후변화에 대한 대응 방식과 정부 정책 등이 상이하여 사업 규모의 차이가 존재하지만, 공통으로 다양한 방식을 통해 사업 영역을 확장하고 있다. 반면, 국내 기업에서의 신‧재생에너지 부문은 아직 성숙하지 못한 단계에 있기에 향후 세계 시장으로 발돋움을 하기 위해서는 기술과 경험을 쌓기 위한 노력이 필요할 것이다.

키워드
글로벌 석유‧가스 기업
신‧재생에너지
사업 동향
References
1
Abu Dhabi National Oil Company Distribution (ADNOC Distribution), 2021. Annual report 2020, Abu Dhabi, UAE, p.67-68.
2
Blauwwind, 2021.06.05. https://www.blauwwind.nl/en/news/2020/7/first-power-borssele-iii-iv
3
BloombergNEF, 2021. Energy transition investment trends, New York, USA, 7p.
4
BP, 2021a. Fourth quarter and full year 2020, London, UK, p.1-11.
5
BP, 2021b.06.05. https://www.bp.com/en_au/australia/home/who-we-are/sustainability/low-carbon-projects/feasibility-study-renewable-hydrogen-production-facility.html.
6
BP, 2021c.06.07. https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bernard-looney-announces-new-ambition-for-bp.html.
7
Chevron, 2021a. Climate change resilience, California, USA, p.44-48.
8
Chevron, 2021b.06.05. https://www.chevron.com/stories/chevron-calbio-biogas-partnership
9
Chevron, 2021c.06.06. https://www.chevron.com/stories/powering-the-world-forward-with-california-sunshine
10
Energy Industry Review, 2021.04.30. https://energyindustryreview.com/renewables/europes-largest-green-hydrogen-project-north2/
11
Equinor, 2020. 2019 sustainability report, Stavanger, Norway, p.23-27.
12
Equinor, 2021.06.05. https://www.equinor.com/en/what-we-do/wind.html#norway-wind
13
ExxonMobil, 2019. Innovating energy solutions research and development highlights, Texas, USA, p.4-13.
14
ExxonMobil, 2021. 2021 Energy & carbon summary, Texas, USA, p.25-34.
15
Global Data, 2021.04.30. https://www.globaldata.com/major-oil-gas-epc-players-aligning-strategies-energy-transition-says-globaldata/
16
Global Wind Energy Council (GWEC), 2021. Global wind report 2021, Brussels, Belgium, 53p.
17
International Energy Agency (IEA), 2020a. World energy outlook 2020 executive summary, Paris, France, 18p.
18
International Energy Agency (IEA), 2020b. Renewables 2020, Paris, France, p.10-12.
19
International Energy Agency (IEA), 2021.07.30. https://www.iea.org/reports/world-energy-outlook-2020?mode=overview.
20
International Energy Agency (IEA), 2019. The Future of Hydrogen, Paris, France, p.21-22.
21
International Renewable Energy Agency (IRENA), 2021. International oil companies and the energy transition, Abu Dhabi, UAE, 12p.
22
Journal of Petroleum Technology (JPT), 2021.06.10. https://jpt.spe.org/who-is-winning-in-energy-transition?utm_source=newsletter-jpt&utm_medium=email-content&utm_campaign=JPT&utm_content=newsletter%20article&mkt_tok=ODMzLUxMVC0wODcAAAF9jov0kiOaVxMofZh1F4DLFSpVVjfu8cxnJsxzvClKMPzrXyJLdcZlmR_My6jz_bg-Vw_M7Vx4EZlb3UoShwPqyVddGQt9lOAWcW_fmj7hJOHs
23
Korea Electric Power Corporation (KEPCO), 2021.05.27. https://home.kepco.co.kr/kepco/SM/C/htmlView/SMCCHP001.do?menuCd=FN29030304
24
Korea Energy Economics Institute (KEEI), 2020. Changes in international renewable energy policy and market analysis, 20-27, Ulsan, Korea, p.31-118.
25
Korea Energy Economics Institute (KEEI), 2021. Inauguration of the Biden Administration in the United States: The Impact of Climate Change and Energy Policy Changes and Korea's Response, Ulsan, Korea, 7p.
26
Korea Gas Corporation (KOGAS), 2020. 2020 Sustainable management report, Daegu, Korea, p.23-36.
27
Korea Gas Corporation (KOGAS), 2021a.06.02. https://www.kogas.or.kr:9450/portal/selectBbsNttView.do?bbsNo=239&key=2035&nttNo=40066
28
Korea Gas Corporation (KOGAS), 2021b.06.02. https://www.kogas.or.kr:9450/portal/selectBbsNttView.do?bbsNo=239&key=2035&nttNo=39501
29
Korea National Oil Corporation (KNOC), 2021a.05.20. https://www.knoc.co.kr/sub11/sub11_1.jsp?page=1&num=483&mode=view&field=&text=&bid=NEWS&ses=USERSESSION&psize=12
30
Korea National Oil Corporation (KNOC), 2021b.05.26. https://www.knoc.co.kr/sub11/sub11_1.jsp?page=1&num=578&mode=view&field=subject&text=??&bid=NEWS&ses=USERSESSION&psize=12
31
Korea National Oil Corporation (KNOC), 2021c.05.26. https://www.knoc.co.kr/sub11/sub11_1.jsp?page=1&num=619&mode=view&field=&text=&bid=NEWS&ses=USERSESSION&psize=12
32
Korea Research Institute of Ships & Ocean engineering (KRISO), 2021. Offshore business, 83, Daejeon, Korea, 81p.
33
Ministry of Trade, Industry and Energy (MOTIE), 2020. The 5th basic plan on renewable energy, Sejong, Korea, 54p.
34
Oil and Gas Climate Initiative (OGCI), 2021.05.05. https://www.ogci.com/carbon-intensity-target-pr/
35
REN21, 2021. Renewables 2021 global status report, Paris, France, 371p.
36
RWE, 2021.04.30. https://www.group.rwe/en/our-portfolio/innovation-and-technology/hydrogen/north2
37
S&P Global, 2021a.04.25. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/path-to-net-zero-european-oil-majors-outpace-us-companies-on-climate-goals-59543423
38
S&P Global, 2021b.06.25. https://www.spglobal.com/marketintelligence/en/news-insights/trending/0if2fd4gefdec7-t6xfgzq2
39
Saudi Aramco, 2021a.07.29. https://www.aramco.com/en/magazine/elements/2020/renewables-not-that-new
40
Saudi Aramco, 2021b.07.30. https://www.aramco.com/en/news-media/news/2018/sharing-renewable-best-practices-joint-ventures
41
Shell, 2021a. Powering progress annual report and accounts, Hague, Netherlands, p.27-51.
42
Shell, 2021b.06.05. https://www.shell.com/energy-and-innovation/the-energy-future/our-climate-target.html#iframe=L3dlYmFwcHMvY2xpbWF0ZV9hbWJpdGlvbi8
43
Total, 2020. Getting to net zero, Courbevoie, France, p.8-33.
44
Total, 2021.06.06. https://www.totalenergies.com/energy-expertise/exploration-production/renewable-energies/solar-energy-and-wind-energy
45
Wood Mackenzie, 2021.06.10. https://www.woodmac.com/news/the-edge/big-oils-separate-paths-to-decarbonisation/
Information
  • Publisher :The Korean Society of Mineral and Energy Resources Engineers
  • Publisher(Ko) :한국자원공학회
  • Journal Title :Journal of the Korean Society of Mineral and Energy Resources Engineers
  • Journal Title(Ko) :한국자원공학회지
  • Volume : 58
  • No :4
  • Pages :341-352
  • Received Date : 2021-07-01
  • Revised Date : 2021-08-07
  • Accepted Date : 2021-08-26
  • DOI :https://doi.org/10.32390/ksmer.2021.58.4.341
Journal Informaiton Journal of the Korean Society of Mineral and Energy Resources Engineers Journal of the Korean Society of Mineral and Energy Resources Engineers
Online Submission
  • NRF
  • KOFST
  • crossref crossmark
  • crossref cited-by
  • KCI 문헌 유사도 검사
  • orcid
  • open access
  • ccl
Journal Informaiton Journal Informaiton - close