Gas Flaring – Thematic Research

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Flare Gas Recovery System Market Overview

Excess gas that cannot be diverted into profitable channels is often flared off, causing a multitude of environmental problems. The oil & gas industry is highly dependent on demand and supply trends and their profitability is largely dependent on bulk volumes and thin margins. With increased pressure from regulatory bodies to curb flaring, the industry has found alternatives, including using gas for onsite power generation, processing gas into compressed natural gas (CNG) or liquefied natural gas (LNG) for transportation, or converting gas into liquids using the Fischer-Tropsch or similar processes.

What are the main trends shaping the gas flaring theme over the next 12 to 24 months?

Industry trends

Several investors are pushing oil and gas companies to reduce their gas flaring volumes to combat climate change. This has encouraged growth in investments to build flare capture units. For instance, major European oil companies have announced strong steps towards flaring reduction in their bids to mitigate carbon emissions. Investor pressure could also lead to significant changes in the US shale industry where flaring is widespread.

Gas flaring is sometimes necessary to maintain operational safety in industrial processes. Pent-up gases can explode and must be released from the working environment. Flaring systems must be regularly inspected for cracks, blockages, and other defects to avoid mishaps. Moreover, gases such as hydrogen sulfide (H2S) are poisonous, so flaring may be preferred to avoid negative effects on workers’ health. Proper ventilation is essential to ensure operational safety in an oil and gas industry.

Technology trends

Small-scale gas-to-liquid (GTL) conversion involves production of marketable commodities from natural gas, such as naphtha, diesel, methanol, and waxes, typically in volumes ranging from a few hundred to a few thousands of barrels per day. The setup uses modular and portable GTL plants that can be installed easily at an oil production site. These plants are suitable for remote locations and because they are modular can be scaled up as needed.

Satellite and drones are being deployed to track flaring as well as methane emissions from oil recovery sites in the US, Norway, Germany, and Russia among others. The natural gas burns at about 1,950 degree Celsius in air and carries a distinct heat signature. The satellites are equipped with sensors, such as Sea and Land Surface Temperature Radiometer (SLSTR), which operate in shortwave and mid-infrared frequency ranges to detect heat signatures.

Regulatory trends

The Paris agreement of 2015 has laid down guidelines to ensure that the global warming remains below 2°C by 2100. The agreement has been ratified by over 190 countries. Developed nations have set strict emission targets for themselves to help achieve global objectives. Countries like the UK, France, Germany, and the US have set targets to achieve net zero emissions by 2050. These countries are enacting laws to reduce emissions, including those generated from gas flaring.

Environmental activists have consistently targeted oil and gas companies due to oil’s massive contribution to global carbon emissions. Gas flaring has also been targeted by activists through various modes of protest. The shale industry in the US, in particular, has faced severe backlash concerning gas flaring. For instance, in 2021, environmental activists got the Railroad Commission of Texas (RRC) to tighten its criteria for granting flaring permits, owing to global pressure.

Who are the leading gas flaring countries?

According to UN estimates, countries that flared the most gas (by volume) in 2020 were Iran, followed by Venezuela, Russia, the US, Iraq, Nigeria, Indonesia, Malaysia, Mexico, and Angola. Most of these countries are economically dependent on oil and gas. This has often led to lax regulatory control on gas flaring.

Russia and the US are the world’s largest producers of crude oil, alongside Saudi Arabia. But the distinction for highest gas-flaring intensity goes to countries such as Venezuela, Nigeria, Iraq, and Iran. Their economies are heavily dependent on their native oil and gas production, and thus exhibit the most intense gas flaring per barrel of oil produced. Whereas more economically developed countries in the highest gas flaring country list, such as the US, have the least gas flaring intensity as compared to others.

Leading gas flaring countries

Leading gas flaring countries

For more regional insights, download a free report sample

 

Which are the environmental leaders in gas flaring value chain?

BP, CVRL, Eni, Equinor, Petrobras, Qatar Petroleum, Saudi Aramco, Shell, Suncor, and TotalEnergies are the leaders in the gas flaring value chain.

Market report scope

Outlook Year 2021
Environmental Leaders BP, CVRL, Eni, Equinor, Petrobras, Qatar Petroleum, Saudi Aramco, Shell, Suncor, and TotalEnergies

This report provides an in-depth analysis of the following:

  • This report reviews the major gas flaring countries and their efforts to reduce flaring activities.
  • This report reviews the oil and gas industry leaders and their involvement in curtailing gas flaring activities.
  • It highlights the various trends influencing the gas flaring theme.
  • It analyses the gas flaring value chain and identifies major players as leaders and laggards, based on their commitments and actions pertaining gas flaring.

Reasons to Buy

  • Identify the key industry, technology, and regulatory trends impacting the global gas flaring activity.
  • Overview of the leading gas flaring countries and their efforts to reduce flaring.
  • Overview of the gas flaring value chain and the key leaders and laggards in it.
  • Identify and benchmark key oil and gas players based on their commitments and actions in the gas flaring theme.

Table of Contents

Executive summary 3

Players 4

Technology Briefing 5

Gas flaring process 5

Types of flares 6

Types of flaring 6

Trends 7

Industry trends 7

Technology trends 9

Regulatory trends 10

Industry analysis 11

Leading gas flaring countries 11

Emission targets of flaring companies 19

Flaring and regulations in midstream and downstream sectors 21

Mitigating gas flaring 21

Timeline 22

Value chain 23

Upstream 24

Companies 25

Sector scorecard 28

Independent oil and gas companies’ scorecard 28

Glossary 31

Appendix 32

|Our thematic research methodology 33

| About GlobalData 35

| Contact Us 36

Frequently asked questions

Gas Flaring – Thematic Research thematic reports
Currency USD
$995

Can be used by individual purchaser only

$1,995

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Gas Flaring – Thematic Research was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Gas Flaring – Thematic Research in real time.

  • Access a live Gas Flaring – Thematic Research dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.