Marketplace

Explore our solutions marketplace

Discover innovation with our solution finder

How does it work?

Learn more about how Axora can help you

Knowledge

Explore our knowledge

Read our expert insights, reports, watch webinars

Community

Explore our community

Share knowledge in our expert community

Join us

Connect, collaborate and chat

About us

Learn more about Axora

Find out more about Axora and our team

Sustainability Practices in Oil and Gas

As the world strives towards net zero emissions targets, the oil and gas industry must adapt to higher standards of sustainability.

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.

Benefits

  • Lower emissions

  • Reduced OPEX

  • Efficient production

Explore solutions for Sustainability Practices in Oil and Gas

Unlock transformation

What industry-specific challenges are you facing right now? Talk to us so we can find proven solution to help you.

I want to learn more

Visit our knowledge hub

I want to explore solutions

Visit our solutions catalogue

2022 Globee Award Winner

A bronze award in the 'Startup of the Year: Business Services' category