The United States Energy Information Administration (EIA) estimates that global energy consumption will increase 50% over the next 30 years. And while renewable energy sources like solar and wind will grow significantly during this period, petroleum and other liquid fuels will remain the world’s largest energy source in 2050. Meeting growing demand for oil and gas is not the only challenge operators are facing; the industry is also working aggressively to reduce its carbon footprint and minimize GHG emissions associated with oil and gas production.
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