What Are the World’s Biggest Oil Operators Doing To Minimise Gas Flaring?
Add bookmarkThe world’s major oil operators are investing billions of dollars to drastically reduce the flaring and venting of associated gas – Oil and Gas IQ explores how Saudi Aramco, Dana Petroleum and ENI are leading this change.
Over 140 billion cubic metres of natural gas is lost every year through flaring and venting, which is the equivalent of one third of the total gas consumed annually by the European Union. Whilst occasional flaring and venting is necessary for safety reasons, continual flaring and venting is preventable, wasteful and damaging to the environment.
With global gas usage on the rise and pressures on the petroleum industry to mitigate its environmental footprint, the world’s major oil operators are now investing billions of dollars to capture, utilize and monetize their associated gas.
