Rystad Energy - Energy Knowledge House

ESG

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Get full visibility into emissions within the oil and gas industry 

Emissions are no longer neglected externalities. Emission performance and climate strategy are integral to future competitiveness and the ability to attract capital, people and maintain a license to operate.

Emissions from fossil energy account for approximately two-thirds of annual anthropogenic greenhouse gas (GHG) emissions. CO2 from combustion of coal, oil and natural gas account for about 90% of these GHG emissions, with leakage and venting of methane making up the remainder.

We support our clients in understanding emission fundamentals and performance benchmarking, and in the development of robust climate strategies. We recognize that high resolution emission data at field and facilities-level is required to sufficiently assess risk and opportunities in the energy sector.

Advisory

  • Assess carbon footprint related to oil and gas activity, both upstream, refineries/processing and product end use emissions – from individual assets to global overview
  • Assess carbon footprint of offshore supply vessels, drilling rigs and other emission intensive energy services
  • Carbon footprint benchmarking of oil and gas portfolios
  • Upstream flaring trends and intensities by country, operator and asset
  • Operational improvements and business development opportunities to improve carbon footprint
  • Granular carbon risk assessment as part of overall energy transition risk, combining future emission profile and carbon pricing scenarios with energy price and volume risk
  • Benchmark emissions from operated midstream assets, as well as third party (scope 3) emissions from refining/processing of operated production
  • Remaining carbon budget for coal, oil and natural gas, and how this is distributed among companies and countries based on cost competitiveness of their reserves and resources
  • Carbon intensity of future oil and gas production mix, assessing end use emissions as the future mix of oil and gas evolves from producing fields, fields under development and current discoveries
  • Assess value at risk for oil and gas assets based on internal and external energy scenarios, using consistent asset-by-asset valuation models including production, economics and emissions
  • Support companies, investors and banks in complying with TCFD recommendations for oil and gas activity