Oil and gas field operations are beginning to be fueled by a surprising source —renewable energy — according to new research by IHS Markit.
Oil and gas companies are starting to utilize such zero-carbon sources to reduce carbon emissions associated with operations, according to a new database and analysis by IHS Markit of these types of renewable-energy projects.
“There is a striking pace of growth over the past few years and a dynamic commercial environment for delivering renewable energy to oil and gas operations,” said Judson Jacobs, executive director, upstream energy, IHS Markit. “Energy efficiency efforts and reductions in flaring can only do so much to lower greenhouse gas emissions, so some companies are turning to zero-carbon sources to power their upstream, midstream and downstream operations.”
While the numbers are small, they have been growing rapidly over just the past couple years. There had been fewer than 15 of these renewable-energy