Best of 5 Oil and Gas Companies by Insights Success Media

Carbon-Footprint What oil and gas companies are doing/can do to reduce the carbon footprint?

VOL. 02 ISSUE 01 2022

Thinking for the Future Net Zero by 2035 - Is it a distant dream?

Best of

Manoj Singh General Manager

and

Gas Companies

NYNAS Empowering the World with Cutting-edge Solutions

Editor’s Note POSITIVITY OF ENERGY SECTOR’S TRANSFORMATIONAL JOURNEY

y the end of 2021, India regained its position in oil consumption as the third largest global consumer. The economic growth of the country can mostly be attributed to its energy demand. Naturally, the demand for oil and gas is anticipated to increase at a rate of 50% by the year 2030 as compared to a global growth rate of seven per cent for the same period. If we observe the expected energy demand category wise, then according to India Brand Equity Foundation (IBEF), the oil is predicted to grow at double speed and reach a mark of eleven million barrels by 2045, while diesel is also predicted to grow by double to one-six-three metric tons by 2030, with the duo of diesel and gasoline sharing ﬁfty-eight per cent of country’s oil demand by 2045. On the same line, natural gas consumption in the country is expected to grow by twenty-ﬁve billion cubic meters – bcm – with an average yearly growth rate of nine per cent by 2024.

Abhishek Joshi Deputy Editor

abhishek.joshi@insightssuccess.com

All these numbers show that the oil and gas industry, which is amongst the eight core industries in the country, is gaining more importance in the future. It plays and will keep playing a primary role in impacting the decisionmaking processes in all the essential aspects of the economy. Therefore, India’s privately owned primary oil and gas companies are playing and are expected to keep playing a very signiﬁcant part in the future economic growth and industrial development of the country. As we are already into the midst of 2022, many of these companies have already revamped their present and future outlook by reinventing themselves by shifting their focus on ﬁnancial health, transforming their business models by committing to sustainability, practicing capital and

environmental discipline, streamlining their resource portfolios, embracing the smart goals development for the energy transition to alternative methods and developing human resource. To reﬂect the positivity of their transformational journeys, which have just begun, Insights Success came up with this brand-new edition, ‘Best of 5 Oil and Gas Companies’ for you. Two trendy articles written by our in-house editorial team are also included in this edition to widen your perspective. Flip on through the following pages to enhance your industry perspective and enjoy!

V E S T

R O

NYNAS Empowering the World with Cutting-edge Solutions

C O N T E N T Global Technical Services Total Lubrication Management

GP Petroleums

Growing Sustainably in a Declining Industry!

SARK EPC PROJECTS PRIVATE LIMITED Your Cathodic Protection Partner

Thinking for the Future Net Zero by 2035 - Is it a distant dream?

14 22 32 e

Carbon-Footprint What oil and gas companies are doing/can do to reduce the carbon footprint?

Editor-in-Chief Pooja M. Bansal Deputy Editor Abhishek Joshi Managing Editor Gaurav PR Wankhade

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Best of

and

Gas Companies Management

Brief

Global Technical Services

K B Mathur, Founder Director and G K Mathur, Director and Chief Executive

Global Technical Services has decades of experience in the ﬁeld of Petroleum and Oil Industry, besides Lubrication and Mechanical Maintenance related areas.

GP Petroleums Ltd

Prashanth Achar, CEO

GP Petroleums Ltd is an Oil and Energy company manufacturing and marketing Automotive and Industrial Lubricants.

Nynas Naphthenics Pvt Ltd

Mr Alistair Meyer, Regional Head and Manoj Singh, General Manager

Nynas produces transformer oils, base oils, tyre oils, rubber oils, process oils and bitumen for paving and industrial applications.

SARK EPC Projects Pvt. Ltd

Ashvin Patel, Managing Director

Sark EPC Projects Pvt. Ltd. specializes in Cathodic Protection (CP) System Services for Oil and Gas Pipeline Projects, Tank Farm and Storage Tank Projects, etc.

Company Name

Empowering the World with Cutting-edge Solutions

Nynas prides itself on its people, its customers, and quality products.

Cover Story

Best of oil and gas companies

il and natural gas have been the quintessential energy sources for a very long time. Humankind throughout history has found the application of these fossil fuels in various industrial and non-commercial activities, evolving as its demand has transformed over time. The oil and natural gas business does more than only fulfill society's energy requirements. It opens up possibilities. It creates jobs, supports local companies, encourages important research and development, and promotes education and training while building and sustaining long-term infrastructure. One such company standing tall for a long time is Nynas. Nynas is a global company with a strong position in niche markets. The specialisation in NSP (naphthenic specialty products) and bitumen sets Nynas apart from most other oil companies, which offer oil as a source of energy. The Visionary Genesis of Nynas Nynas' core competence is to refine heavy crude oil into a balanced mix of long-lasting, high-performance specialty products for sustainable use. Nynas is the leading brand and global market leader in NSP (naphthenic specialty products) and in bitumen in the European market where it operates. Nynas' products support growth in infrastructure and touch the lives of nearly everyone every day through their presence in roads, roofs, running shoes, adhesives, rubber, paint, magazines, and lubricants. These are just some of the thousands of everyday objects that contain Nynas oils. Most oil companies turn their crude oil into fuels. However, Nynas is not like other oil companies. It transforms its crude oil into long-lasting products for hundreds of applications. Its products play an essential role in everything from consumer items to industrial products. Simply put – Nynas takes oil further. Brief History: Ÿ 1928: Nynas builds the refinery in Nynäshamn. Ÿ

1950-1960s: The economy recovers, and the Nynas petrol station network and Nynas bitumen business grow with the Swedish road network expansion. 1970s: The energy crisis makes oil prices skyrocket and crude supplies unreliable.

1980s: Nynas sells all petrol stations and focuses on specialty products.

1990s: Investment in hydrotreatment technology pays oﬀ, and the export of specialty oils increases.

2000s: Nynas continues its growth globally as a leading, service-driven, solution-providing specialty oil company.

2018: Nynas celebrates 90 years of experience and expertise.

Currently, Nynas has 23 depots worldwide, of which Antwerp, Houston, and Singapore are central storage facilities and blending stations. Last year, 700,000 tons of oil were transported by sea. There were also 30,000 deliveries by road tanker, 6,000 container transports, and 250,000 drums delivered to customers all over the world. To ensure dependable supply to customers, like in the event of disruptions, production can be transferred to other reﬁneries and capacity increased at its blending facilities. Nynas continues to focus on adding sustainable value to its global customer base by producing, manufacturing, and supplying quality oils into specialized markets across the world.

Differently Unique Nynas' vision is to strengthen its position as the global leader in naphthenic products and as the premier bitumen partner in Europe. The company does this by developing next-generation solutions for its customers, assuring profitable growth, and providing an attractive workplace. It works closely with the customers to understand their needs and processes to achieve this vision. Owing to its specialist knowledge, it can provide a strong partnership in product development. High-quality sourcing and manufacturing – along with a supply network that is strategically located around the world – ensures that customers receive prompt and reliable delivery, regardless of their location. At Nynas, "we are committed to achieving sustainable development in parallel with the company's ambitions for growth and profitability. Strict company policies are in place to ensure that our business operates in line with objectives related to safety, human rights, business ethics, the environment, and other materiality areas," says Alistair. Providing an attractive place to work is essential when it comes to focusing on its greatest asset – the employees, both current and future. Nynas' diverse workforce is made up of people from different countries and cultural backgrounds who share one common attribute – all act according to Nynas' three core values: dedication, cooperation, and proactivity. Nynas product lines are designed and produced for certain specialized applications, and thus its target market is very

I consider the current young generation to be the Pioneers of tomorrow

focused. Whilst it produces a large number of SKU's, its key focus lies in the below sectors: Specialty oil orientation - A very diﬀerent product mix Ÿ Bitumen for roads and industry Ÿ Transformer oils Ÿ Base oils for lubrication and other uses Ÿ Process oils for tires, rubber, adhesives, and much more Ÿ Some fuel streams are sold to other producers for upgrading “I believe that we diﬀerentiate ourselves from our competitors based on our 'People' approach, technical knowledge, world-class support functions as well as the excellent foundation we built over the years with our valued customer base and partners," adds Alistair. Ÿ

The major global segments in its large product portfolio includes:

Redeﬁning Excellence with Knowledge Mr. Alistair Meyer Oil has been in Alistair's blood since he was a 23-year-old. He joined a multinational oil company as a sales executive. As the years progressed and the interest progressed, the expansion of knowledge led Alistair to join Nynas in 2010. Since then, he has taken more responsibility in the organization, "Oil always will be in my blood," shares Alistair. Alistair's interest lies in developing the brand and expanding it in target countries and markets. His passions lie in sales, interacting with people, and sharing knowledge. Alistair did a B.com in business administration, and he studied the background before getting into the Oil industry. Mr. Manoj Singh A seasoned oil professional with more than 18 years of rich experience in oil & lubricants business . He worked with BP-Castrol for 8 years in B2B lubricant division before moving to Nynas in Y 2012 . Since than he is instrumental in making Nynas presence in India stronger with each day passed . Manoj interest lies in creating a sustainable & long term business growth market for Nynas in India . His passion lies in meeting new people , developing new application & create a highly performance oriented Nynas team . Manoj did his B tech from Rajastahn Technical University in Production & Industrial engineering , and hold an Post Graduate Diploma in Business management from ICFAI .

The company has made its its business to release oil's true potential.

Leveraging Technology "In my opinion, the harnessing and implementing of developing AI and ML technologies is crucial for the success of any business in the modern world. Nynas is continuously looking at creative and innovative ways to improve its entire value chain, not only within the organization but also across the industry," expresses Alistair. The rapid increase in AI and ML technologies is constantly being assessed and used across entire Production, Manufacturing, Logistics, HSE, and Sales Operations. These technologies vary from crude extraction to data collection and processing to production improvements safety standards and stretch into sales and marketing. In essence, it allows a company to evaluate its entire operation from within.

Facing the Pandemic Dynamically The team of Nynas believes that the pandemic was and continues to be a catalyst in accelerating changes in all industries (as well as Consumer behavior) across the planet. The pandemic brought on challenges that no one could have predicted across the Oil industry (including all Global Industries), and the after-eﬀects will be felt for many months to come (e.g., Manpower restrictions, HSE impact, Product shortages, Logistical challenges, customer/supplier behaviour shifts, ﬁnance models, storage requirements to mention a few).

sourcing and manufacturing – along with a supply network that is strategically located around the world – ensure that customers receive prompt and reliable delivery, regardless of their location.

Nynas will continue to adapt to the ongoing change. It will continue to serve its valued customers and partners to the best of its ability by leveraging its world-class relationships with the partners and strong brand. HSE is the number one Priority within Nynas. They continue to be vigilant of the pandemic, and the impact it has on their valued employees, implement proactive actions, initiatives, and processes to follow in-country best practices guidance from various bodies around the world.

"We have some very interesting developments in 2022 and beyond, which I am sure will continue to revolutionize the way we think about Oil and the applications and Customers we develop our product portfolio for and around," states Alistair.

In the end, it's all about results. Through the team's dedication, competence, and problem-solving ability, it will continue to help the customers in many different industries around the world to meet the challenge of ever-changing demands. The company provides customers with the solution – and along the way, they help each other and perhaps even the world around whilst ensuring safety protocol and the health and happiness of our valued employees. Word of the Wise Based on the rapid transition of Oil companies to adopt a "greener" and more sustainable strategy to energy solutions, Alistair foresees an exciting, creative, and significant change to the way Oil companies are perceived in the future vs. Currently. In lieu of this, he would encourage the youth to get involved in the Energy sector and be a part of this evolutionary journey. How do you envision scaling your operations and offerings in 2022 and beyond? Nynas' vision is to strengthen its position as the global leader in naphthenic products and as the premier bitumen partner in Europe. The company does this by developing next-generation solutions for its customers, assuring profitable growth, and providing an attractive place to work. Nynas works closely with its customers to achieve this vision to understand their needs and processes. High-quality

Nynas is committed to achieving sustainable development in parallel with the company's ambitions for growth and proﬁtability. Strict company policies are in place to ensure that its business operates in line with objectives related to safety, human rights, business ethics, the environment, and other materiality areas.

Modern technologies, volatile markets, and ever-changing customer needs not only require companies to constantly be reacting to these demand changes but also require a proactive approach of product development to retain the position of a market leader. Nynas is constantly exploring new applications and technologies, and this will ensure that it continues to grow (along with Nynas' values partners) well into the 21st Century.

Global Technical Services Total Lubrication Management

If we think about another question of who or what reduces a machine’s efforts, the simple answer is a lubricant or oil. But if not maintained and managed regularly that same lubricant/oil can cause major problems as experienced by East Word Power station. At one of their underground facilities, unmanaged dirty lubricant/oil was causing frequent suctions and issues like hydraulic-shuttle-valves failures. And in peak times, the cost of repair would go as high as $200 and sometimes hundreds of man-hours would be lost in the additional labour required to bring back the work on track. To solve the issue permanently, they called Global Technical Services (GTS), one of the best experts in lubrication management. GTS took stock of the situation and installed an automated fine filtration and onsite condition monitoring system for contamination control. After that, East Word Power Station saw no such breakdowns and saved hundreds of thousands of dollars. And GTS made it a case study of another of their successes. It is just one of their all the best services. The promoters at GTS have 135 years of combined professional experience. To date, they have accomplished thirty-five such big projects and served 14,847 customers. Recipients of many prestigious awards and certificates, GTS is today the trusted partner big companies from many industries look forward to, for their total lubrication management. In our endeavour of finding out ‘Best of 5 Oil and Gas

Companies’, we met Mr K. B. Mathur, GTS’s Founder & Director and Mr. G.K. Mathur, company’s Director & Chief Executive. Both of them were kind enough to be interviewed by Insights Success. Below are the excerpts from the discussion with the dynamic duo. Please brief our audience about GTS, its USPs, and how you are currently positioned as one of the best oil and gas companies? We at Global Technical Services (GTS), are a service providing company in the oil and gas sector. We are in the business of ‘Lubrication Management’. Good lubrication of machines is the fulcrum to industrial productivity. Good lubrication improves the continuous running of machines without any breakdown for years and years. Hence, it is essential for the growth of production and economy.

“

Oil and Gas sector is going to be the continued major source of energy for at least two more decades before other sources of non-conventional energy can replace them in cost-effective and efﬁcient manner.

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“

hat is a machine?”, asks the professor in the movie 3 idiots. And Rancho (Amir Khan’s “ character in the movie) answers simply, “A machine is anything that reduces human eﬀort.”

The Dynamic Duo Mr K. B. Mathur, the founder-director, is a Mechanical Engineering Graduate and a post-grad in Business Management. He served in the M/S. Indian Oil Corporation for 27 years; M/S. Gulf Oil Corporation as Executive Director for 4 years and M/S. Reliance Petroleum as VP for 4 years, with a combined experience of 52 years.

K B Mathur, Founder Director

Mr G.K. Mathur, Director and Chief Executive, is a graduate in Science and has 21 years of experience in supporting the company by bringing in new ideas and establishing oil condition monitoring, establishing the most modern world-class oil testing laboratories in the mining industry and cement plants.

Our Total Lubrication Management includes services like lubricant storage, handling and dispensing, leading to a contamination-free lubrication (oil and grease) to machines.

maintenance. This leads to achieving oil conservation, which is crucial for cost reduction. Oil conservation is also a vital national need for saving import costs of base oils.

Hence, we play an important role in productivity in the industrial sector, and national economy. This service of lubrication management is very important to improve the proﬁtability of the industry by the way of cost-cutting in manufacturing.

Hence, saving lubricants leads to cost-cutting, besides, also saving the environment. Good lubrication also leads to energy conservation by 3% - 6% in the cement industry.

Tell us more about GTS’s oﬀerings and what aspects make it stand out in the cutthroat competition? Our company was founded in the year 2000 by Mr K B Mathur, who has the background of working with oil industry at Senior Positions. Subsequently, we approached the cement industry which operates under a highly dusty environment. It leads to lubricants getting contaminated with dust and dirt. Thus, feeding such contaminated lubricants causes damage to heavy-duty machines. To counter this, we established various systems of feeding clean lubricants to the machines. We introduced Oil Conservation Programme by establishing Central Lubrication Cell (CLC) at every plant, wherever we got the opportunity to work. Each plant where we have a CLC which also contains an Oil Testing Laboratory, Filtration Units, and condition-based oil changing system to save oil. This has resulted in reducing the downtime in those plants considerably and improving the overall mechanical

Our company is continuously playing a leadership role in the country. We are providing services of the best lubrication management to the industry since our inception in 2000. Please brief us about the journey of GTS in the industry and how it is excelling in its niche. The company working is based on a professional, systematic, and knowledge-based approach. Our Founder Director worked with the oil industry for about 35 years. He was absolutely clear about the way forward, for establishing the best lubrication practices in the cement and mining industry as these industries operate in a dusty environment. Cement plants have also set up mines, where they mine limestones. It is the raw material that is then crushed to form ‘Clinkers’ which ultimately gets converted to cement. Cement is a very important and basic input material for national infrastructure. Our company is following key professionals playing a major role in establishing world-class lubrication programmes in the Indian industry.

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GTS is a leader and is providing niche lubrication management to various cement companies and mining industries in the country. Being an experienced leader, share your opinion on how the adoption of modern technologies like AI and ML is impacting the oil and gas industry and how are you adapting to the change? Yes. We have developed the ‘Lubrication Software’ which we call Total Lubrication Management (TLM). The Software is based on AI and ML. It is linked with oil testing sensors, reports for machines by incorporating the oil test reports and forecasts machine failures times ahead, leading to timely corrective action. This projection saves a considerable amount of money in machines’ maintenance besides improving the life of the machine and ultimately saves cost to the industry. GTS plays the desired role in oil and energy conservation by implementing TLM in the industry. AI and ML are greatly helping service providers like GTS in preventing machine failures and improving the life of machines. Considering the current pandemic what initial challenges did you face and how did you drive GTS to sustain operations while ensuring the safety of your employees at the same time? In our company, there are approximately 165 technical people and technicians. Their health and care are of utmost importance to us. Most of them work at sites of client companies (Cement Plants) who have outsourced their lubrication management to us. The staff must be very careful in carrying out their jobs efficiently, during the current period of the pandemic. Since all the cement plants are in remote areas of the country and are basically processing plants, it was a challenge. Most of the technicians work continuously for months, without a break. They have to do their jobs of lubrication, achieving schedule, filtration, oil testing and maintaining various records, required as part of the MIS to be submitted to the plant Managers/Engineers. Yet, our people have been doing their job very effectively during this pandemic period. The safety distances norms, wearing masks as part of their PPE (Personal Protection Equipment) have been very carefully adopted by them while carrying out their assigned work.

During the pandemic, the work has been going on in the factories, plants and mines, as it was in normal times, but with added care and precautions prescribed by the plant managements. The basic caution is, to be careful and adopt the guiding factors to remain safe from the pandemic. Like wearing masks and personal cleanliness have been the key drivers which we have emphasized and carried in our work. We have adopted the guidelines provided by the industry while carrying out our job competently. What would be your advice to the young generation who want to venture into the oil and gas industry? The oil and gas industry will continue to thrive in the years and decades ahead. This sector is going to be the continued major source of energy for at least two more decades before other sources of non-conventional energy can replace them in a cost-effective and efficient manner. The sector will keep growing at a CAGR of 6% to 8%. The young professionals must adapt to the new technologies which lead to work in a more efficient way than in the previous decades. And they must adapt to the corresponding professional practices required to implement software-based programmes and digitalization. Internet of Things (IoT) based working is now the way forward, leading to Industry 4.0. Young engineers/executives will have to embrace and master the new ways to work and progress. How do you envision scaling your operations and offerings in 2022 and beyond? Lubrication Management has grown in the last 20 years. Before that, there was no concept of lubrication, and its importance was not known to the industry. With the application of Artificial Intelligence (AI), Machine Learning (ML) and the Internet of things (IoT), machinecondition monitoring and machine-controlling will become more efficient and easier. The plant control room which occupies large spaces, will shrink to the plant’s desktop computers. Softwares are being developed to compare similar machines’ operational efficiency and their productivity. This will lead to far better machine operations, which will improve machine maintenance and improved plant operations – leading to more productivity.

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Net Zero by 2035 - Is it a

distant

dream ? 18 | February 2022 | www.insightssuccess.in

Thinking for the Future

e have all heard of the terms ‘global warming and climate change.’ The effects of this phenomenon are very devasting and scary, but the real question lies in asking ‘what has given rise to these drastically changing dramatic environmental occurrences.’ And that is where greenhouse gases come into the picture. A greenhouse gas is any gaseous compound in the environment that can capture infrared rays that further hold and trap heat in the atmosphere. Trapping of this heat results in the greenhouse effect, which ultimately leads to global warming. Therefore, it is evident that our planet earth reacts strongly to the various changes in the atmosphere. Changes can be in the form of the increasing amount of CO2, methane, and other greenhouse gases. Pertaining to the problem of climate change, in December 2015, a legally binding international treaty on climate change took place in Paris. It is famously known as the Paris Agreement. This agreement aims to limit global warming to well below two degrees Celsius or preferably 1.5 degrees Celsius. This agreement is seen as a landmark as it brings together all the nations with a joint mission of undertaking ambitious efforts to combat climate change and adapt to its effects. Therefore, these countries have taken up the big task of Net Zero Emission by 2035. But is this dream vague? Will this distant dream come true? And is it practically possible for countries to achieve their ambitious goal of Net

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Zero by the agreed deadline? Through this article, we’ll try to answer these questions.

just a statement but a hardcore commitment that has a detailed plan of action.

Moving Towards Net Zero One of the good news in combating climate change is that the technology required to reach net-zero does exist, and thankfully it is also aﬀordable. One of the key elements to combat this is through powering economics. It can be done by replacing polluting coal, gas, and oil-powered station with renewable sources of energy like winds and solar farms. Such a change would dramatically cut down carbon emissions, and the good part about using renewable energy is that it is not only cleaner but a cheaper form of fuel.

How Real is the Commitment? The nationally determined contributors are working rigorously not just to lay the proper plan but to make sure that these strategies to combat climate change are appropriately implemented. Hence, commitment is very real. Every country, city, ﬁnancial institution, industry, and diﬀerent organization has adopted realistic plans for transitioning to zero net emission by 2035.

Apart from this, a wholesome switch to electric transport would also play a crucial role in lowering emissions and slashing air pollution in major metropolitical cities. Electric vehicles have largely become a trend, one of the major reasons being they are efficient and cheaper. Many countries, especially the ones that have committed to net zero emissions, have proposed plans for the huge sale of fossil-fuel-powered cars. Apart from industries and daily life emissions, other kinds of harmful emissions come from the agricultural sector. The livestock produces a significant number of gaseous compounds in the form of methane and other greenhouse gases. In order to reduce emissions, we humans need to alter our lifestyles and eating habits. Reducing meat consumption and emphasizing more on plant-based food will dramatically lessen the agricultural emissions. Commitment or Just Statements? The Paris Agreement has so far seen 186 parties who are the nationally determined contributors. Every year they are expected to submit a new and updated plan of action to their committed ambition. These commitments are definitely an important signal of good intention. As almost the entire planet is committed toward a similar goal, it is not

One of the best examples of how real it can get is through the widely accepted instance of the COVID-19 pandemic. It has proved to be very important and recovering for the climate. Hence, it is essential to get the economic kickers in place to get the temperature down. They will bring a genuine opportunity to promote renewable sources of energy, smart buildings, green transport, and a whole range of other interventions which will slow down climate change. Achievable Target or Not? As we saw above, there are various existing technologies that can support the ultimate goal of combating climate change. But in order to achieve the net-zero emission by 2035, there should be a rigorous and committed plan of action that should be implemented on a large scale. This will not only require new policies in place but the right amount of investment in renewable sources of energy and careful attention to social and economic trade-oﬀs. Last but not least, the targets are not that high, but additional innovation can further improve technology solutions and reduce costs. - Shrutika Khedekar

20 | February 2022 | www.insightssuccess.in

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What

Oil and Gas

Companies are doing/can do

To Reduce the Carbon

Footprint ? W

hat do you think about reducing carbon emissions?

This is one of the common questions that is discussed everywhere these days. The diverse eﬀects of the carbon footprint caused by diﬀerent sources of pollution have led to global warming, unusual climatic variations and a massive imbalance in the global ecosystem. There are numerous ways and means adopted to reduce carbon emissions and control the situation. Resorting to alternative means of renewable energy

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like solar energy, wind energy and electric vehicles; increasing tree plantation and many more. This is the collective contribution people worldwide are making to play their part in the process. What matters the most is the corrective actions undertaken by the major manufacturing sectors and oil and gas companies. Let’s identify the efforts they are initiating in reducing the carbon footprint. The companies in the manufacturing of oil and gas industry should minutely study the entire process to identify all the possibilities of excessive emissions, spillage, wastage, release of harmful gases and many other hazardous happenings. Ÿ Active Contribution in Developing Carbon Sinks Researchers worldwide have identified the importance of carbon sinks in maintaining the balance of the global ecosystem. Carbon sinks are the natural or artificial places which have the capacity to absorb the atmospheric carbon and retain it for an indefinite period of time. They are essential in reducing the carbon percentage in the air. To a certain extent, forests, grasslands, marshes, mangroves, lakes, and oceans act as carbon sinks. Many global corporations have identified their role and have adopted calculative measures for massive tree plantations and conditional reduction of industrial activities in the industrial activities. Ÿ Alternative Power Sources Using on-site renewable energy sources for power generation can help provide a cost-effective alternative to diesel fuel. By replacing polluting diesel power generators with a solar PV and battery setup, the companies can not only reduce emissions significantly but also reach the break-

even on their investment in the next five years. Integrating different oil rigs and platforms to the central grid instead of the traditional decentralized diesel generation system is working well. If the high-level producers electrified most of their operations, that could add up to a substantial carbon generation and a decent amount of cost reduction as well. Ÿ Minimize Unwarranted Emissions The Leak Detection And Repair (LDAR) methodology and installation of the Vapour Recovery units (VRU) can help the oil companies in emissions of greenhouse gases like Methane. Other important practices of applying the best technologies of double mechanical seals on pumps, carbon packing ring sets on the valve stem and dry gas seals on compressors. These can considerably control the uncontrolled emissions and contribute to the global cause. Ÿ Equipment Electrification Some companies have already started replacing the gas boilers with electric steam supported production systems. They have involved high-pressure storage for nighttime steam supply to support separation units. The project will pay for itself in less than ten years. In many circumstances, there is already a good business case, on purely financial grounds, for combining the use of solar and gas in place of conventional boilers. Ÿ Greater Reliability Through Reduction in Nonroutine Flaring It was known that some companies found that 70 per cent of all flaring emissions came from nonroutine flaring, mainly resulting from poor reliability. So, the priority was to focus on optimizing and upgrading the

operations. This can be achieved by conducting preventive maintenance and timely replacement of the high friction and regular motion parts and equipment. Such measures not only aid in reducing emissions but also contribute to raising production. Quality conscious companies are making significant efforts to harness better reliability through point-based maintenance and multitasking. It is discussed that predictive analytics is expected to help reduce the frequency of outages to compressors or other equipment. Ÿ Increasing CCUS The technology is projected to play only a minor role in the sector’s overall decarbonization efforts; oil and gas companies can still significantly influence its adoption and development. These facilities capture the carbon contents and store and aid in absorbing the carbon from the polluted air. This is a growing trend seen as a responsible and progressive step towards the global cause. Leaping Ahead for The Progressive Difference As the world unites to fight the common cause of reducing the carbon footprint, companies from oil and gas are increasingly becoming cautious and active change initiators. With a new outlook on the manufacturing process, more and more research is being done on organizing and controlling the production process. As the process gets optimized for enhancement of the productivity and reduction in the carbon emissions, we can hope for a significant step in curbing and controlling the carbon generation, These initiatives will substantially contribute to reducing carbon emissions and hope to speed up the global initiative of building a greener and cleaner world. - Kedar Borgaonkar

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