A More Sustainable Future for the Energy Industry
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A More Sustainable Future for the Energy Industry

The Oil Industry plays a vital role in the ongoing production of fuel and petroleum-based products. However, the exploration, transportation and drilling of the natural resources has a negative impact on the environment in a variety of ways. The industry is making advancements in technology to help reduce the negative impact on the environment; additionally, the industry is also developing and engaging in special programmes to help aid environmental clean up efforts.

We are very excited to provide a review on the latest technologies and methods in which energy companies are  looking towards a more sustainable future; at Storm Procurement we can’t wait to see these plans first hand in action!

The modern oil companies realise the need for a more sustainable and green business approach; which in turn will not only help the environment but the renewable energy industry as well. Here are 4 ways in which our industry is beginning to change their ways;

 

Investment and development into renewable energy


An increasing amount of Oil & Gas companies are investing in renewables; this highlights the beginning of a shift towards clean power by some of the industries most established players. At the current pace of investment, it is believed the energy industry will compromise 45% of the worlds energy supply in just 20 years; compared to today's 24%.

 

Rigs to Reef Initiative


Rigs to reefs involves converting decommissioned offshore oil and petroleum rigs into artificial reefs, these such reefs have been created in the US, Brunei and Malaysia. Shortly after a platform is installed, it becomes habitat to marine life and communities begin to grow. Fishermen, divers, and coastal states have been concerned with the removal of these structures heavily populated with marine life. A typical eight-leg structure provides a home for 12,000 to 14,000 fish, according to a study by the Coastal Marine Institute.  


Therefore with the removal of these rigs, comes the removal of marine habitats. This movement supports the proper disposal of rigs by toppling the rig onto its side, or tow and place; which involves moving the artificial reef to a selected reef for deployment. This area needs more exploring as it is still unclear if there are many risks associated however, the artificial reefs provide habitat, shelter, food, and other necessary elements for biodiversity and a productive ocean.

 

 

Recycling


During oil and gas production many natural resources are used. By recycling these resources, the company can maintain their production levels without releasing additional chemicals into the environment. Used oil can be recycled and converted into diesel fuel, thus enabling the energy company to produce two products from the same drilled ore. Water can also be recycled; freshwater is used in everyday operations; by using bacteria and substances alike to sulphate the water can be treated and then reused immediately.

 

Environmental Management Systems


These systems focus on aligning the government and the oil & gas companies; in order to promote environmentally sound industry development. They will ensure the oil & gas companies operate within the local, national and international regulations and remain in concession throughout each project. These systems also help to plan for emergencies and help plan for the most effective clean up methods if an emergency were to occur.

 

The Transition of Oil & Gas to Alternate Energy at Storm Procurement:


At Storm Procurement we are excited to support our clients as they transition to cleaner energy. Our previous Oil & Gas specific division, now a new Energy Department will assist our clients as they move from high carbon intensive businesses to low carbon and a move to ‘net zero’. Continuing to support our existing client base as well as seeking new opportunities in the Energy sector, Storm Procurement is a company that is focused on a sustainable future.

 

For any new enquiries please send them to Energy.RFQ@storm-prourement.com

 

 

Sources:

https://www.bsee.gov/what-we-do/environmental-focuses/rigs-to-reefs

https://energycentral.com/c/og/how-oil-and-gas-industry-can-improve-sustainability