Despite high levels of ambition, flaring is at a record high. We undertook a “flare perception survey” to explore why … and to identify how we can accelerate and scale action. Perceptions are key in today’s increasingly climate-conscious world. Our research confirmed that there are many benefits to reducing flaring (e.g. lower GHG emissions and […]
Pipelines are one of the key solutions to tackling flaring. Our research highlights that 54% of the 150 BCM flared annually by the oil and gas industry is within 20 km of a gas pipeline, and is therefore by definition, close to a connection to a market.
This article was originally published by the Energy Voice, a source of leading news, insights and opinion for the energy industry. On both an absolute and relative basis, Norway has minimal flaring. The country’s “flaring intensity” – that is, flaring per barrel of oil produced – is industry-leading, at 9 scf per barrel. The North […]
Executive summary The ESG focus is right. Whilst many large investors are reducing their exposure to the fossil fuel industry, they also need to be mindful of the material decarbonisation opportunities that need investment within the oil and gas industry; Flare gas capture projects are some of the most effective and attractive decarbonisation investments available […]
Executive summary The World Bank released this week it’s latest Global Gas Flaring Tracker Report. The figures are concerning: gas flaring in 2019 has increased by 3% vs 2018, to 150 BCM per year, reaching levels last seen in 2009. That’s $17 billion per year of potential lost sales and, 550-1200 million tonnes of CO2-equivalent […]
Today Chatham House published an expert commentary on the opportunity that flaring represents in the MENA (Middle East and North Africa) region to reduce emissions, create value and improve reputations. The article is authored by Adel Hamaizia (Associate Fellow, Middle East and North Africa Programme) and Mark Davis (Capterio’s CEO) on the Chatham House website […]
On the 18th June, Capterio’s CEO Mark Davis led a discussion kindly hosted by the UK’s PESGB (Petroleum Exploration Society of Great Britain). The presentation, titled “Flaring: the $20 billion decarbonisation lever”, was part of an ongoing discussion led by Neil Frewin (PESGB’s President) on the role of geoscience in the energy transition. Flaring is […]
The FT published our letter outlining how we must not let the oil price crash drive up flaring worldwide. The industry must continue to invest in flare reduction to create value, reduce emissions and improve reputations. Here is the letter in full. Letter: Flare capture projects will help lower emissions It is positive news for […]
Gas flaring creates economic and environmental waste. Even though many companies and countries have committed to reducing flaring (and for many, this forms a key part of their “net zero” ambitions), the global numbers show little progress over the last decade. Lack of progress on flare reduction is, in part, due to a mismatch of […]
COVID is rightly today’s priority. Post-COVID, the energy transition must still be achieved and tackling flaring is a key lever
The global COVID pandemic and the oil price drop has driven an unprecedented challenge for the oil and gas industry. Whilst the crisis will inevitably change our way of life, some fundamentals – including the energy transition – will remain true in a post-COVID world. In today’s uncertain and difficult world, gas flaring capture presents a tremendous opportunity.