Title: Transformation in the Oil and Gas Industry: A Novel Hydrocarbon Storage Solution
Language: English
Authors: Luna Loya, Cristina 
Qualification level: Diploma
Advisor: Kopacek, Peter 
Issue Date: 2021
Number of Pages: 69
Qualification level: Diploma
The digital age and stronger focus on sustainability of energy production have brought a wave of new advancements to the world. Nonetheless, the traditional fossil fuels will continue to be the main source of energy for the next decades. However, the oil and gas industry must adapt to the new era and increase its agility to quickly respond to the fluctuations in supply and demand in upcoming and developing markets. In this paper, a literature review is first presented describing the challenges and opportunities faced in the industry. Two strategies are presented which have shown to propel forward other industries and could help the oil and gas industry adapt to current times. Following this literature review, the findings will be applied to the development of a novel flexible hydrocarbon storage solution. The intention of this project is to present improvements, by which the industry could become more agile and responsive by offering a more economic and quick-to-build solution to replace carbon steel storage tanks. The implementation of such a solution would substantially improve the balance of economic, environmental, and social focus of the industry and offer a step forward starting from the midstream sector, the one responsible for moving hydrocarbons to where they are needed.
Keywords: Oil storage tank; Oilfield opportunities; Oilfield challenges
URI: https://doi.org/10.34726/hss.2021.81431
DOI: 10.34726/hss.2021.81431
Library ID: AC16200274
Organisation: E017 - TU Wien Academy 
Publication Type: Thesis
Appears in Collections:Thesis

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