The oil and gas industry has grown by more than 20% in the last five years and is currently valued at $812 billion. This industry is highly profitable, but it also can be incredibly wasteful. According to the Environmental Protection Agency (EPA), businesses in the United States oil and gas sector produce over 18 billion barrels of waste fluids yearly. One potential solution that can help the O&G industry combat waste is switching from a linear to a circular economy. What is a circular economy? The World Economic Forum defines a circular economy as a “restorative or regenerative” indu ..read more

The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS[1] Market Outlook. Drastic growth in the market has led to a 44% increase in expected 2030 capacity compared to last year’s outlook. Carbon capture, utilization and storage (CCUS) is a key technology needed to decarbonize hard-to-abate sectors such as petrochemicals and cement, and to provide 24/7 clean power through gas plants fitted with capture equipment. Still, despite signifi ..read more

Environmental sustainability insights Oil and gas are a crucial piece of the worlds infrastructure, but it can be difficult to get this energy with environmental sustainability in mind. There are several ways to achieve environmental sustainability, such as reducing greenhouse gas emissions, investing in green technology, preventing pollution and reducing water usage. Transparency and accountability are part of today’s reality for the oil and gas industry. The public expects organizations to shoulder their weight for social responsibility, energy efficiency, and environmental sustainability ..read more