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OIL AND GAS

 

Oil and Gas - Resources & Links

Other Oil and Gas Program Initiatives

In addition to the R&D program, the oil and gas program participates in and supports various domestic and international government and industry programs and initiatives for collaboration and information sharing in exploration, production, environment, and health and safety related areas. An example of these activities with relevance to climate change is described below.

Global Gas Flaring Reduction Partnership
Led by the World Bank, the Global Gas Flaring Reduction Partnership was launched in August 2002 at the World Summit on Sustainable Development. The aim of the Partnership is to support national governments, development agencies, and the petroleum industry in their efforts to reduce the environmentally damaging flaring and venting of gas associated with the extraction of crude oil. Gas flaring reduction activities capture the gas produced at the oil extraction source and channel it to more useful outlets, including the power generation industry and for use in households. More than 100 billion cubic meters of natural gas are flared around the world each year. The flaring occurs in association with crude oil production and results in a significant waste of resources. The Partnership enables private investment in pipelines and other infrastructure that makes this "capturing" possible and it will create a forum and platform to disseminate best practices and ideas on implementing and financing gas flaring reduction efforts.

The Office of Fossil Energy's Office of Natural Gas and Petroleum Technology (ONGPT) has contributed $300,000 to the Partnership. ONGPT participates in this multi-country, multi-company program to reduce gas flaring throughout the world. Deputy Assistant Secretary James Slutz is a member of the Partnership Steering Committee. The World Bank Team has started to implement the work program, consulted stakeholders, and visited most client countries and member companies. The first six client countries are Algeria, Angola, Cameroon, Chad, Ecuador, and Nigeria.

In addition to the Office of Fossil Energy contribution, monitory and in-kind contributions have been received from the governments of Norway, Denmark, CIDA (Canadian), and Angola. Monetary and in-kind contributions were received from the following companies: Shell, Sonatrach, BP, ChevronTexaco, Total, SNH, and NorskHydro. There are still negotiations underway with additional companies about joining the Global Gas Flaring Reduction Partnership.

 


Page Last Modified:   August 7, 2008