Understanding sustainability in oil and gas

Sustainability in oil and gas is becoming increasingly important to the long-term viability of the industry. In fact, I believe it is becoming the most important issue for the global oil and gas industry—more about this later. To better understand what Sustainability in oil and gas means, what companies are doing, and what the most important issues are within Sustainability, we will first look at a survey that Gulf Energy Information conducted over its audiences in the upstream, midstream and downstream sectors.

Trends Among Companies

The survey found that just 49% of all companies canvassed had a Sustainability initiative. Another 22% were currently working on an initiative, and the other approximately 29% of respondents said their companies had no initiative and were not working on one.

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