After oil majors promised to impose tighter regulations on gas flaring, following widespread criticism over the levels of gas being released into the atmosphere as a waste product from oil production, are they actually putting their money where their mouths are and taking action? Natural gas flaring has been increasing in recent years, with an estimated 150 billion cubic meters (bcm) flared worldwide in 2019. Gas flaring results from wells drilled for oil production, which produce a mix of other hydrocarbons including condensates, natural gas liquids, and natural gas. But instead of being used in part of the production process, or in other industrial use, it is often flared – released into the atmosphere as waste. While around 75 percent of the world’s associated gas is now being used on-site or being re-injected into the well, 25 percent of this gas is wasted. This is largely because building the […]