Executive summary Flaring is a critical metric that many ESG-focussed groups (e.g. regulators, investors, ratings agencies, lenders, consumers and governments) are increasingly seeking to understand. Some of these groups are facing particular urgency to finalise their sustainability accountability frameworks...
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...
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...
Saudi Aramco recently joined the zero routine flaring initiative. By tackling its top flares it can immediately accelerate from its rivals on carbon intensity and deliver for shareholders post-IPO. A thought-piece by Capterio.