The oil and gas industry receives a lot of attention from investors, consumers, and anyone who relies on fuel. Some of this attention is negative, as many believe the industry is wasteful, unsustainable, and environmentally harmful. However, you should know the positives of oil and gas, specifically the eco-friendly efforts and improvements. We’ll explore a few here.
Water is a significant factor in fracking and separation. Still, the wastefulness of freshwater leads many to believe the oil and gas industry is the least environmentally conscious one. Improving the freshwater system is a focus for oil and gas, which means improving existing production systems and eliminating waste.
Many companies are implementing a freshwater recycling program to deter wastefulness and increase sustainability. On average, the recycling program can restore up to 95 percent of the water source. Aside from the recycling program, many companies are also seeking reduction efforts to contribute to eco-friendly efforts in the future.
Technology advancements hold many keys for innovation, and this is especially true for the oil and gas industry. There is a greater chance of improving and optimizing workflows on or off rigs by using industry insights and real-time data, ensuring waste and production are sustainable.
The research and data collected from implemented systems can highlight production demands or losses on rigs and indicate areas of improvement, ensuring the rigs perform as intended. Implementing advanced analytic systems is the key to improving sustainability and viability at a production site.
Methane leaks occur all too often on and offshore, and they are leading contributors to climate issues and air pollution. The oil and gas industry emphasizes the need to resolve these issues and reduce methane leaks and leaks in general.
One of the most common myths about the oil and gas industry is it does not care about the environment. An increased focus on leak prevention measures proves this is untrue. The advancements in workflows, technology, and production contribute to reducing leaks. Additionally, the water recycling efforts alter the production process as a whole.
The oil and gas industry is not inherently eco-friendly, but many companies understand the need for renewable energy if they intend to survive long-term. By implementing renewable energy sources, the partnership between oil, gas, and renewable energy can improve the production processes and modernize the workflow. Companies are investing time and resources into various renewable sources, such as solar, to shift toward sustainable efforts.
Whether you’re for or against the oil and gas industry, it’s important to understand the long-term improvements with these eco-friendly efforts. With more tech advances, the industry can continuously progress and refine processes.
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