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Cutting CO2 Emissions in Oil and Gas

Cutting CO2 emissions in an effort to reach net zero targets is an ongoing objective.

Humanity depends on the oil and gas industry for valuable products, from vehicles to heat and electricity. But operations that drive the sector contribute at least 2.6 billion tonnes of greenhouse gas emissions every year, making a net zero initiative imperative.

Key fact: In 2019, methane emissions from oil and gas equalled over 81 million tonnes of CO2

Oil and gas operations rely on energy-intensive processes. And while environmental legislation requires companies to minimise environmental impact, these rules don’t apply to end-products, which also contribute to GHG and CO2 emissions.

To achieve net zero targets, oil and gas companies are bringing sustainability into their operations through automation, renewable energy, data analytics, and satellite technology for detecting methane leaks.

Net zero targets not only cut CO2 emissions, they also improve worker safety, enhance productivity, and save money.

Key fact: Five major oil companies have set net zero targets, with Shell aiming to cut its CO2 emissions by 50%, and BP aiming to reduce annual emissions by 3.5 million tonnes

Benefits

  • Reduces energy costs

  • Improves operational efficiency

  • Sustains the life of our planet

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