When the oil and gas industry comes to mind, it’s not typically a very “green” thought. However, oil and gas companies are more concerned than ever before about their public image when it comes to how safe their operations are for the environment.
As a result of pressure from the U.S. Department of Energy, consumers, and activists, today’s oil companies are working harder than ever to develop safer and greener ways of doing business.
Take a quick read through a breakdown of a few distinct ways the oil and gas industry is becoming more eco-friendly in recent years.
Modern technology for the win
Information can take you far in any business, and the oil and gas industry is just starting to see the benefits of modern technology and analytics in their operations.
With smart analytics systems in place, companies can work to refine their production efficiency and reduce wastes along the way. Modern software can reduce the possibilities of accidents, equipment failure, resource waste, and more.
CO2 pumping cuts carbon emissions
The process of recovering natural gas and oil from beneath the surface of the earth can be a hub for releasing harmful carbon emissions into the atmosphere. CO2 pumping helps with preventing the release of those harmful emissions.
In the process of CO2 pumping, the CO2 is used to repressurise wells, making it easier to recover the oil in a deposit. Carbon recapture and reuse is also practiced to make the most of the process.
Reducing water usage and boosting recycling
One of the biggest flaws in the oil and gas industry is that they use so much freshwater on an everyday basis. Reducing water usage and boosting recycling efforts is the least these companies can do to help ease their stain on the environment.
Oil companies have improved their water recycling abilities in recent years, typically recycling anywhere from 80-95 percent of the water they use.
Preventing oil and methane leaks
Oil spills and methane pollution are two of the planet’s most gnarly nemesis, and the oil industry is working hard to prevent these events from happening. Implementing the best of today’s technology is one way they are making strides towards safety.
Better tech means higher quality equipment. Less equipment failure makes it easier for oil companies to keep their processes in line.
Investing in renewable energy
Oil and gas is not an inherently sustainable method of energy production, and the industry knows it. Though it may stem from a promise of long-term gain, the oil industry is making a strong effort to invest in more renewable energy sources. The leading oil and gas companies are consistently working to build the bridge necessary between old and new to secure their place in the future of energy.