Oil & gas is major component of traditional energy and can be segmented into three operations which includes upstream, exploration & production of new hydrocarbon fields, both onshore and offshore; midstream, transportation via various means such as pipelines, shipping and LNG terminals; and downstream, includes refinery process to convert it into petrol and diesel, etc. Oil is basically used for transportation and it is a major source of fuel for vehicles, and gas is used for transportation, cooking gas and generating electricity.
Natural gas, comparatively cleaner form of energy, is another kind of fossil fuel found underneath the rocks near to other hydrocarbons. Additionally, countries are also focussing on resources such as shale gas, which are found deep under the shale rocks and requires tough drilling and exploration process. In addition, nuclear energy is another form of traditional clean energy produced through nuclear fission of radioactive metals. It is basically used to generate electricity and contributes around 11% of global electricity demand. Following Fukushima Daiichi nuclear disaster in 2011, nuclear energy was subject to resistance from various governments around the world; however, growing energy deficit has led to gaining acceptance for nuclear energy from countries like China and Russia, where new nuclear reactors are being developed.
Most of the traditional energy resources are major source of increasing greenhouse gas emissions, which is the primary reason for increasing inclination towards renewable energy sources. Moreover, depletion of fossil fuels and dangers associated with nuclear energy are some of the major challenges associated with traditional energy sector.
ASDReport.com is a one stop shop for market research reports pertaining to traditional energy sector. The reports offer coverage on various technologies and submarkets of traditional energy sector like, thermal enhanced oil recovery, marine seismic equipment, gas analyser, nuclear decommissioning, oil and gas pipelines, and lot more.