To reflect the positivity of their transformational journeys which have just begun, Insights Success came up with the brand new edition 'Best of 5 Oil and Gas Companies' for you.

1. VOL. 02
ISSUE 01
2022
NYNAS
Empowering the World with Cutting-edge Solutions
Best
of
5
iland
Gas
Companies
Manoj Singh
General Manager
Carbon-Footprint
What oil and gas companies
are doing/can do to reduce
the carbon footprint?
Thinking for the Future
Net Zero by 2035 - Is
it a distant dream?

4. Editor’s Note
y the end of 2021, India regained its position in oil
Bconsumption 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.
POSITIVITY OF
ENERGY
SECTOR’S
TRANSFORMATIONAL
JOURNEY

5. 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 decision-
making 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!
Abhishek Joshi
Deputy Editor
abhishek.joshi@insightssuccess.com

6. 08
C O V E R
S T O R Y
NYNAS
Empowering the World with
Cutting-edge Solutions

7. A r t i c l e s
Global Technical Services
Total Lubrication Management
14
GP Petroleums
Growing Sustainably in a Declining Industry!
22
SARK EPC PROJECTS
PRIVATE LIMITED
Your Cathodic Protection Partner 32
18
E N T
C O N T
28
Carbon-Footprint
What oil and gas companies
are doing/can do to reduce
the carbon footprint?
Thinking for the Future
Net Zero by 2035 - Is
it a distant dream?

8. Copyright © 2021 Insights Success Media and Technology Pvt. Ltd., All rights reserved. The content and images used in this magazine should not be reproduced or
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Cover Price : RS. 200/-
RNI NUMBER: MAHENG/2018/75953
Editor-in-Chief Pooja M. Bansal
Deputy Editor Abhishek Joshi
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FEBRUARY, 2022
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9. Management Brief
Company Name
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.
SARK EPC Projects
Pvt. Ltd
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.
Global Technical
Services
Prashanth Achar,
CEO
GP Petroleums Ltd is an Oil and Energy company manufacturing
and marketing Automotive and Industrial Lubricants.
GP Petroleums 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.
Nynas Naphthenics
Pvt Ltd
Best
of
5
iland
Gas
Companies

10. Nynas prides
itself on its
people, its
customers, and
quality
products.
Empowering the World with Cutting-edge Solutions

11. Cover Story

12. O
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.
Ÿ 1970s: The energy crisis makes oil prices
skyrocket and crude supplies unreliable.
Ÿ 1980s: Nynas sells all petrol stations and focuses
on specialty products.
Ÿ 1990s: Investment in hydrotreatment technology
pays off, and the export of specialty oils increases.
Ÿ 2000s: Nynas continues its growth globally as a
leading, service-driven, solution-providing specialty
oil company.
Ÿ 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.
Best of oil and gas companies

13. 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
focused. Whilst it produces a large number of SKU's, its
key focus lies in the below sectors:
Ÿ 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.
I consider the
current
young
generation to
be the
Pioneers of
tomorrow
The major global segments in its large product portfolio
includes:

14. 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.

15. 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).
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.
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
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 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.
"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.
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.

16. What 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.”
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.
“
Global Technical Services
“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.
“
Total Lubrication Management
14 | February 2022 | www.insightssuccess.in

17. Our Total Lubrication Management includes services like
lubricant storage, handling and dispensing, leading to a
contamination-free lubrication (oil and grease) to machines.
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.
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
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, 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.
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.
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.
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.
K B Mathur,
Founder Director
15 | February 2022 | www.insightssuccess.in

18. 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), machine-
condition 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.
16 | February 2022 | www.insightssuccess.in

20. - I s i t a
Net Zero by 2035
distant
dream?
18 | February 2022 | www.insightssuccess.in

21. Thinking for the Future
We 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
19 | February 2022 | www.insightssuccess.in

22. Zero by the agreed deadline? Through this article, we’ll try
to answer these questions.
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.
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
just a statement but a hardcore commitment that has a
detailed plan of action.
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.
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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31. What
Companies are doing/can do
Oil and Gas
C a r b o n - F o o t p r i n t
hat do you think about
Wreducing 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
To Reduce the Carbon
Footprint ?
29 | February 2022 | www.insightssuccess.in

32. 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
30 | February 2022 | www.insightssuccess.in

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