Reduction in gas flaring benefits producers and the environment

Reduction in Gas Flaring Benefits Producers and the Environment

Texas Mutual

More than 4.6 trillion cubic feet of natural gas were flared globally in 2019. The potential value of this flared gas could be as high as US$24bn, if priced at the European gas benchmark, says leading data and analytics company GlobalData. Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, comments:…

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Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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