Energy Efficiency, GHG Emissions, Industrial - April 16, 2019
Murphy Oil touts emissions reduction efforts
Murphy Oil Corporation has spent approximately $95 million from 2015 to 2018 on environmental expenditures in order to reduce GHG and other emissions. The company reported this investment with the release of its inaugural sustainability report, which provides a review of the company’s performance in governance, environmental stewardship, workforce development, workplace health and safety, and community engagement.
"I am proud of our inaugural Sustainability Report as it brings together a review of Murphy’s obligation to developing oil and natural gas reserves in a responsible and sustainable manner. Sustainability practices underpin our strategy and are carried out in our operations because they create long-term value for our shareholders and make a positive difference in the communities in which we operate and the world around us,” commented Roger W. Jenkins, president and CEO.
In 2017, the company established internal GHG emissions targets for their operating business units and have continued to set annual targets going forward. Investments in GHG reductions include:
- Gathering systems and central facilities
- Electrification of facilities and pumping units
- Replacing high-bleed pneumatic controllers with low-bleed and instrument air actuated controllers
- Solar powered instrument air compressors, chemical pumps and batteries
- Pipeline infrastructure and process efficiencies to reduce venting and flaring
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