11th October: The round-up of all things flaring
- Today, CEO Mark Davis joins Bjørn Otto Sverdrup, Chair of the Oil and Gas Climate Initiative, on BBC World’s podcast ‘The Climate Question’ to explore the key debates around efforts to tackle flaring. To hear Mark’s thoughts on relevant data, the need for investment and the EU’s “embedded emissions”, click here: https://www.bbc.co.uk/sounds/play/w3ct2dr4
- Last week we launched our new website www.flareintel.com. At this site you can track every flare for free and read our insights articles. We also offer an advanced subscription service to access daily flaring data for every flare worldwide. Read our latest insights article – ‘How the EU’s CBAM will impact energy imports from countries that flare gas’ – which highlights that now is the time for the EU to tackle flaring emissions from imported energy. This is currently a major omission given that 56% of the world’s oil production is ultimately imported.
- FlareIntel has also been the feature of a piece in Natural Gas World. In the article we explore how gas flaring is a significant source of economic and environmental waste and argue that by reducing flaring, oil & gas companies can capture additional revenues and decarbonise operations.
- Gas flaring was also in this year’s GasTech conference. Rami Qasem, executive vice-president at Baker Hughes highlights the role that improvements in flaring combustion efficiency can play in reducing emissions of methane (the more potent greenhouse gas), according to an article by EnergyMonitor “Can technology solve methane flaring?” which cites Capterio data.
- Encouraging to see that SEPLAT, which is Nigeria’s largest gas producer (responsible for 50% of Nigeria’s gas), has committed to reducing to zero all routine flaring by 2024. It’s chairman, Dr. ABC Orjiako outlined last week his vision to replace all of the wood we use in homes with Liquified Petroleum Gas, and to launch a tree planting initiative from the first quarter of 2022.