That should support the company’s ambition to improve energy efficiency by 1% per year, over the next five years. Several high-impact projects, costing up to US$15 million each to implement, were selected across 20 downstream plants on the basis of greenhouse gas reduction and energy cost savings, using an internal carbon price of US$30-40 per tonne of carbon dioxide. In addition, the plan creates a structure to identify multiple energy and/or emissions savings opportunities at low or no investment cost.
The plan starts with a renewed focus on getting the basics right, introducing new measurement, maintenance and monitoring approaches that together build an energy efficiency culture. It provides investment for improved asset designs, energy management systems and optimized tools.
Several plants have already started to prepare for the next wave of energy saving actions. As OGCI looks to expand its carbon intensity efforts to downstream operations, Total Engery’s experience will be key to understanding the opportunities.
Member companies are focusing on flaring reduction, efficiency improvements, electrification and the integration of renewables in their operations.
Reducing the upstream carbon intensity of Equinor’s oil operations is a major component of its ambition to reach net zero emissions by 2050. Most offshore oil production is powered by CO₂-emitting gas turbines and on average, about 15 kg of CO2 were generated for each barrel of oil equivalent (boe) produced worldwide in 2021.
Eni is using solar energy as a hybrid power option across a series of their oil and gas operations in emerging countries.
In 2018 Petrobras announced its support for the World Bank’s Zero Routine Flaring by 2030 initiative.
Total Energies launched its US$300 million Energy Efficiency Plan in 2018, aiming to reduce greenhouse gas emissions in its refining and chemicals operations by around one million tonnes of carbon dioxide per year.
Equinor has eliminated 2 million tonnes of annual CO2 emissions from its Norwegian operations over the past decade through energy efficiency initiatives.
Having reduced upstream operated carbon intensity by 20% since 2014, Eni is on track to achieve its company target of 43% reduction by 2025.
Chevron’s new solar plant is expected to provide approximately 80% of energy needs at the Lost Hills oil field
The Cracker of the Future consortium plans to develop technologies that can heat 800°C+ furnaces with electricity instead of fossil fuels.
