New Flaring Data Accelerates Global Call To Action

New Flaring Data Accelerates Global Call To Action

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 […]

Flaring in MENA: The Multi Billion Dollar Decarbonisation Lever

Flaring in MENA: The Multi Billion Dollar Decarbonisation Lever

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. In the article, we argue that to accelerate flare capture projects, stakeholders in the MENA hydrocarbons sector must consider five complementary, action-oriented initiatives. There is […]

Capterio hosts flaring discussion with geoscientists

Capterio hosts flaring discussion with geoscientists

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 […]

Agile and Specialist: the Right Approach to Flare Capture

Agile and Specialist: the Right Approach to Flare Capture

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

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.

Egypt is thriving: Reflections on the Petroleum Conference in Cairo

Egypt is thriving: Reflections on the Petroleum Conference in Cairo

As Egypt’s flagship Petroleum Conference has just finished it’s perhaps worth reflecting on the five themes we heard: 1) There is a real sense of excitement in the energy sector within the region. As His Excellency the Minister of Petroleum Tarek El-Molla outlined, Egypt has seen significant recent exploration success, as reflected in the record-breaking […]

Exploration success announced by flaring – a sustainability challenge

Exploration success announced by flaring – a sustainability challenge

It’s interesting that exploration success is still announced with images of flaring – some companies think that this might challenge their sustainability credentials Sharjah National Oil Corporation (SNOC) announced the discovery of natural gas and condensate onshore at the Mahani field in Sharjah, distributing a flaring photo in this Gulf News article Capterio perspective: Whilst […]