Online Report - Carbon Intensity: Oil Industry Set For Shake-Up
Oil industry set for shake-up as upstream carbon intensity goes mainstream
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As climate concerns spur the adoption of net-zero emissions pledges, the carbon footprint of specific crudes is rapidly becoming the new go-to quality metric for both producers and buyers of the world's biggest single energy source. Access this exclusive online report from S&P Global Commodity Insights to explore:
- The Oil and Gas Climate Initiative (OGCI)
- Carbon intensity benchmarks for 104 of the world's major crude oil fields
- How carbon intensity metrics is informing upstream investment decisions
In the past the API gravity and sulfur content largely dictated the relative value of individual crudes, a growing swathe of data on upstream carbon intensity is feeding back to producers, eager to prioritize spending on the cleanest, lowest-cost oil projects. Low-carbon and “carbon-neutral” crudes have quickly become catchwords, as producers pin hopes on carbon pricing to command higher premiums for their crude. With the industry facing ever tougher decarbonization demands, collective efforts to curb upstream emissions are already underway.
