Oil and gas production facilities can reduce emissions by 80% via electrification.

A Rystad Energy report reveals that oil and gas production facilities can reduce emissions by over 80% by switching to electricity from renewables or natural gas. In Norway, fully electrified rigs emit 86% less CO2 per barrel. If major global oil regions achieve a 50% emissions cut, it could prevent about 0.025 degrees Celsius of warming by 2050. Partial electrification is also effective, highlighting significant potential for emissions reduction in the industry.

September 19, 2024
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