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Sustainability Trends Impacting Oil & Gas Industry
Sustainability Trends Impacting Oil & Gas Industry
Robust Sustainability Strategies Enable O&G Companies to Address Environmental and Climate Change Risks and Provide a Competitive Advantage
30-Sep-2019
Global
Technology Research
Description
The oil and gas industry has seen by many as major source of pollution in the world. Chemicals such as carbon dioxide and methane have been released to the atmosphere. The cumulative volume of both gasses, along with other harmful substances are massive. Decades of harmful emission has led to serious consequence, particularly on the deteriorating atmosphere’s health which is referred as global warming. This event, if not carefully managed, can lead to irreversible state such as long droughts and shrinking sea ices. The seriousness of global warming has prompted world leaders to take drastic measures in order to prevent catastrophic consequences from taking places. United Nations Member states have launched Sustainability Development Goals consist of 17 key areas. As part of moral duty, companies in oil and gas industries are expected to fulfill Sustainability Development Goals agreed by the United Nations Member states.
This research service discusses on a number of key trends that oil and gas companies are involved with to promote sustainability and preserve the environment. In addition, it also discusses on the possible future scenarios of oil and gas companies in sustainability area.
Table of Contents
1.1 Research Scope
1.2 Research Process and Methodology
1.3 Key Findings
2.1 Employees Welfare
2.1.1 Improvement in Quality of Lives for Employees Drives Social Sustainability Efforts
2.2 Operational Efficiency Improvement
2.2.1 Efficiency Enhancement to Ensure Sustainable Operation
3.1.1 Water Efficiency Improvement is Critical in Sustainability Plan
3.1.2 Fracking Wastewater can be Used for Irrigation
3.1.3 Water Filtration by Using Mobile Treatment Units
3.2.1 Multiple Efforts Addressing Social Issues
3.2.2 Advanced Fuel Eliminates Abuse Concern
3.2.3 Infectious Disease Prevented Through Health Program
3.3.1 Advancement in Technology Enables Sustainable Operation
3.3.2 Technological Advancement Reduces Gas Emission
3.3.3 Improved Water Efficiency Reduces Fracking’s Water Consumption
3.4.1 Efforts to Reduce Biodiversity Impacts from Upstream Activities
3.4.2 Communities’ Involvement Enables Sustainable Operation
3.4.3 Forestation Activities Improved Through Multiple Efforts
4.1 High Efficiency Turbocompressor Reduces Energy Consumption
4.2 Building Refurbishment ReducesEnergy Usage
4.3 Implementation of Sensors on Valves to Enhance Efficiency
4.4 Research Activities Develop New Solutions
5.1 Development Costs Prevent Adoption of Sustainability Strategies
5.2 Implementation of Sustainability Strategies Earns Recognition by Communities
6.1 Advanced Technologies Address Climate Change Issues
6.2 Ecosystem Included in Planning Tackles Biodiversity Concerns
7.1 Increased Collaboration Between Companies and Vendor
8.1 Key Industry Influencers
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| Deliverable Type | Technology Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Adhwa Husein |
| Industries | Energy |
| WIP Number | D8F0-01-00-00-00 |
| Is Prebook | No |