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flaring

• Barriers remain, but oil companies across the world are now in a position to reap big profits by capturing methane instead of flaring and venting it.
• H2 Industries says it has developed a way to convert gas that normally would be flared into clean hydrogen and solid carbon at the oil field.
• The broken commitment highlights the struggles of Mexico's oil regulator to rein in Pemex. It also shows how, while countries like Colombia, Kazakhstan, and Nigeria have cut flaring by investing in infrastructure and strictly enforcing penalties, Mexico is heading in the opposite direction.
• Data from member companies reveals an increased intensity in greenhouse-gas emissions for 2021. And, while flaring increased, too, long-term trends on that practice are clearly moving downward.
• An emissions-reduction study conducted for a Middle East operator identified potential annual savings of $10 million–$15 million, a 20% decrease in total Scope 1 CO2eq emissions, and 10 MW of energy reduction and delivered more than 100 recommendations for both technical and internal framework improvements.