Industry

Oil & Gas

Decarbonization in oil & gas spans methane management, flaring reduction, energy efficiency, and diversification toward lower-carbon fuels. Challenges include fugitive emission detection, asset integrity, and balancing production with transition goals.

Oil & gas industry — sustainable operations

Key drivers & challenges

  • Eliminate routine flaring by 2030 per World Bank initiative.
  • Measure & cut methane intensity per OGMP 2.0 targets.
  • Electrify compressors, pumps; adopt renewables where feasible.
  • Manage produced water & reduce upstream energy intensity.
Scope 1
  • Flaring & venting emissions
  • Process heaters, turbines
  • Fugitive CH₄ leaks
Scope 2
  • Purchased power for midstream facilities
  • Grid factor tracking
Scope 3
  • Use of sold products (combustion)
  • Logistics & shipping
  • Capital goods emissions

Compliance & Frameworks

BRSR

Emission intensity reporting (tCO₂e/boe), energy & water efficiency.

CSRD / ESRS

Lifecycle emissions, transition plans, scenario disclosures.

OGMP 2.0

Methane measurement-based reporting and reconciliation.

Sample Dashboard — Upstream Operations

Methane Intensity

0.18%

OGCI target: < 0.20%

Flaring

-32%

vs. baseline 2020

Energy Mix

24% Renewable

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