Abstract

The global energy landscape is undergoing a transformative shift towards sustainability, with decarbonization emerging as a critical objective for the oil and gas industry. This paper, “Sustainable Practices in Oil and Gas: A Decarbonization Perspective,” explores the strategies and technologies being adopted to reduce carbon footprints and enhance environmental stewardship within the sector. The study begins with an overview of the driving forces behind the decarbonization imperative, including regulatory pressures, investor demands, and societal expectations. It then delves into specific sustainable practices, such as the integration of renewable energy sources, advancements in carbon capture and storage (CCS), and the implementation of digital technologies to optimize energy efficiency. Additionally, the paper examines the role of hydrogen as a clean energy carrier and the potential of methane emissions reduction initiatives. Through case studies and industry examples, this research highlights successful decarbonization efforts and identifies best practices that can be replicated across the industry. The findings underscore the importance of a collaborative approach, involving stakeholders from across the value chain, to achieve a sustainable and low-carbon future for the oil and gas sector. This comprehensive analysis aims to provide insights and actionable recommendations for industry leaders, policymakers, and researchers committed to advancing sustainability in the oil and gas industry.