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Bookmark or Share- GFMR Progress Update: Transforming Oil and Gas Operations to Curb EmissionsReducing gas flaring and methane emissions from the energy sector is a priority in tackling climate change and aligning the global energy sector with a 1.5˚ C temperature trajectory. The World Bank’s Global Flaring and Methane Reduction (GFMR) Partnership is active in over a dozen countries, which account for about a quarter of the oil and gas sector’s methane emissions.
- Flaring Accountability – Clean Air Task ForceFlaring Volume: Total flaring attributable to the 10 companies analyzed was 10 bcm in 2023, which was 7% of global flaring in that year. The specifics of flaring differ for each company: ExxonMobil, Chevron, ConocoPhillips, Eni, and Occidental have the majority of equity-weighted flaring at their operated assets; conversely, BP, Shell ...
- Gas flare - WikipediaA gas flare, alternatively known as a flare stack, flare boom, ground flare, or flare pit, is a gas combustion device used in places such as petroleum refineries, chemical plants and natural gas processing plants, oil or gas extraction sites having oil wells, gas wells, offshore oil and gas rigs and landfills.
- Gas Flaring - Energy System - IEAWith natural gas prices at historic highs, gas flaring is an extraordinary waste of money in addition to its negative impacts on climate change and human health. Bringing this gas to market could offer relief to very tight gas markets and, in many cases, could do so faster and cheaper than investing in new supply.
- What is Gas Flaring? - World Bank GroupGas flaring is the 160-year-old oil industry practice of wastefully burning associated gas, a common by-product that is extracted from reservoirs together with oil, typically from a flare stack located at an oil production site.
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