But the industry’s actions towards lower emissions are being overtaken by the rapid devolution of climate change. To continue meeting demand while reducing environmental impact, operations must progress towards decarbonisation.
Key fact: Oil and gas operations account for 9% of global GHG emissions
Decarbonisation is possible through digital technologies and renewable energy sources. Electrification, for example, is key to reducing GHG emissions caused by energy-intensive equipment, as well as minimising operational expenditures (OPEX).
Similarly, renewable power sources, like wave energy and wind power, are being integrated with onshore and offshore installations to reduce their carbon footprints.
NDT technology also plays a key role in driving sustainability, maintaining asset health to keep production running as efficiently as possible.
Key fact: In 2019, 4% of the industry’s methane emissions were from incomplete flaring, 28% from fugitive releases, and 68% from venting
To ensure sustainability is upheld throughout the supply chain, RFID-powered systems can be used. Supporting green supply chain management practices (GSCM), these provide accurate information in real-time to optimise the accessibility of information.
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