we have a clear target to become a net-zero emissions energy business by 2050 and are doing this purposefully and profitably.

“we have a clear target to become a net-zero emissions energy business by 2050 and are doing this purposefully and profitably."

Danube Petroleum commitments Danube Petroleum commitments

15°51'58''N
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Our Operations

Our Operations

Danube Petroleum is a global group of energy and petrochemical companies that aims to meet the world’s growing need for more and sustainable energy solutions in ways that are economically, environmentally and socially responsible.
Our approach Powering Progress sets out our strategy to become a net-zero emissions energy business by 2050, generating value for our shareholders, our customers and wider society.
Oil and natural gas Oil and gas will continue to play a crucial role in the energy system for several decades to come, with demand reducing gradually over time. Danube Petroleum is investing in both low-carbon energy and oil and gas in a disciplined way, while finding sustainable and profitable ways to transition to net zero. This includes actions to reduce emissions from oil and gas operations.

Danube Petroleum is a global group of energy and petrochemical companies that aims to meet the world’s growing need for more and sustainable energy solutions in ways that are economically, environmentally and socially responsible.
Our approach Powering Progress sets out our strategy to become a net-zero emissions energy business by 2050, generating value for our shareholders, our customers and wider society.
Oil and natural gas Oil and gas will continue to play a crucial role in the energy system for several decades to come, with demand reducing gradually over time. Danube Petroleum is investing in both low-carbon energy and oil and gas in a disciplined way, while finding sustainable and profitable ways to transition to net zero. This includes actions to reduce emissions from oil and gas operations.

Our Sustainability strategy build on four pillars:

1

Address the Oil and natural gas issue

2

Preserve Technology and innovation

3

Develop Digitalisation Transformation

4

Integrate sustainability in Liquefied natural gas (LNG) and processes

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Oil and natural gas

Oil and gas will continue to play a crucial role in the energy system for several decades to come, with demand decreasing gradually over time. To maintain the secure supply of energy on which society relies, it is vital that the world does not dismantle the current energy system faster than it can build the energy system of the future.
We continue to make progress in reducing the greenhouse gas emissions from our oil and gas operations. In 2023, we implemented projects to reduce flaring at our Pearl GTL gas-to-liquids facility in Qatar, increase electrification of our sites in Canada and the Netherlands, and vent less methane at our QGC facility in Australia.

Oil and gas will continue to play a crucial role in the energy system for several decades to come, with demand decreasing gradually over time. To maintain the secure supply of energy on which society relies, it is vital that the world does not dismantle the current energy system faster than it can build the energy system of the future.
We continue to make progress in reducing the greenhouse gas emissions from our oil and gas operations. In 2023, we implemented projects to reduce flaring at our Pearl GTL gas-to-liquids facility in Qatar, increase electrification of our sites in Canada and the Netherlands, and vent less methane at our QGC facility in Australia.

Our Oil and natural gas strategy focuses on three main pillars:

  • Decarbonise our production process
  • Develop our sustainability offering
  • Contribute to local energy transition

In recent years, we have developed a 2030 Oil and natural gas and Energy Transition Plan, delineating our company's main Oil and natural gas objectives.

Danube Petroleum Oil and natural gas

50°36’47”N
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  • 45% reduction in scope 1 emissions at isoperimetre (2023 baseline) by 2030
  • Near zero methane intensity ambition by 2030 and implementation of our Leak Detection And Repair (LDAR) plan
  • Zero routine flaring ambition by 2030 at 2023 isoperimetre (excluding safety flaring and subject to contractual and mineral rights possibilities)
“The CO2 injection project in the UK is a typical example of the Danube Petroleum philosophy and how it is tackling issues, such as Oil and natural gas change through industry decarbonation, with a tailored and innovative approach.”

“The CO2 injection project in the UK is a typical example of the Danube Petroleum philosophy and how it is tackling issues, such as Oil and natural gas change through industry decarbonation, with a tailored and innovative approach.”

“The CO2 injection project in the UK is a typical example of the Danube Petroleum philosophy and how it is tackling issues, such as Oil and natural gas change through industry decarbonation, with a tailored and innovative approach.”

“The CO2 injection project in the UK is a typical example of the Danube Petroleum philosophy and how it is tackling issues, such as Oil and natural gas change through industry decarbonation, with a tailored and innovative approach.”

Decarbonise our production process.The implementation of our 2030 Oil and natural gas and Energy Transition plan requires collaboration among various disciplines across the Group, all working towards a shared decarbonisation objective. The plan’s roadmap encompasses 150 projects, including:.WELL SHUT INS.Review of high gas to oil ratio (GOR) wells and shut ins when acceptable.VENTING REDUCTION AND VAPOR RECOVERY.Capturing of vented or flared gas.SUBSURFACE GAS STORAGE.Rerouting of flared gas into safe underground reservoirs.ELECTRIFICATION.Replacing higher emission-intensive energy sources with electricity.RENEWABLE ENERGY.Replacing higher emission-intensive energy sources with renewable energy.PRODUCTION RATIONALISATION AND ENERGY EFFICIENCY.Simplifying and improving power generation .

Decarbonise our production process

The implementation of our 2030 Oil and natural gas and Energy Transition plan requires collaboration among various disciplines across the Group, all working towards a shared decarbonisation objective. The plan’s roadmap encompasses 150 projects, including:

WELL SHUT INS

WELL SHUT INS

Review of high gas to oil ratio (GOR) wells and shut ins when acceptable

VENTING REDUCTION AND VAPOR RECOVERY

VENTING REDUCTION AND VAPOR RECOVERY

Capturing of vented or flared gas

SUBSURFACE GAS STORAGE

SUBSURFACE GAS STORAGE

Rerouting of flared gas into safe underground reservoirs

ELECTRIFICATION

ELECTRIFICATION

Replacing higher emission-intensive energy sources with electricity

RENEWABLE ENERGY

RENEWABLE ENERGY

Replacing higher emission-intensive energy sources with renewable energy

PRODUCTION RATIONALISATION AND ENERGY EFFICIENCY

PRODUCTION RATIONALISATION AND ENERGY EFFICIENCY

Simplifying and improving power generation

  • Developing gas networks
  • Converting gas to electricity
  • Converting gas to LNG
  • Investing in Renewables
Developing gas networks to support the energy transition. In Cameroon, Gabon and Tunisia our projects have contributed to drastically reduce domestic gas imports (LPG).

Developing gas networks to support the energy transition. In Cameroon, Gabon and Tunisia our projects have contributed to drastically reduce domestic gas imports (LPG).

In our strategy we always start the local development by delivering gas to local power plants, facilitating the energy transition for the country and improving the power reliability. This is what we have done for the city of Moundou only seven months after acquiring our assets in Chad.

In our strategy we always start the local development by delivering gas to local power plants, facilitating the energy transition for the country and improving the power reliability. This is what we have done for the city of Moundou only seven months after acquiring our assets in Chad.

Since 2008, we have built extensive expertise in Liquefied Natural Gas (LNG) projects in Tunisia and Cameroon, exemplified by our development of Hilli Episeyo, the world’s first floating LNG Vessel. Leveraging this knowledge, we have successfully undertaken similar projects in Gabon.

Since 2008, we have built extensive expertise in Liquefied Natural Gas (LNG) projects in Tunisia and Cameroon, exemplified by our development of Hilli Episeyo, the world’s first floating LNG Vessel. Leveraging this knowledge, we have successfully undertaken similar projects in Gabon.

We are deploying renewables energy solutions when possible, to supply electricity for our own operations or for local needs. In Tunisia we have built a solar farm to power the national network. In the United Kingdom, we have invested in fuel cell technology to power facilities.

We are deploying renewables energy solutions when possible, to supply electricity for our own operations or for local needs. In Tunisia we have built a solar farm to power the national network. In the United Kingdom, we have invested in fuel cell technology to power facilities.

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Technology and innovation

With over 3,300 highly-skilled people in our Danube Petroleum Technology community, we invest over $1bln yearly in Research & Development (R&D) for evolving new solutions that support energy activities, both in digital and physical technologies – or a combination of both – and in a variety of scientific fields such as chemistry, physics, engineering, electronics, and computational sciences. Through this organisation, we’re able to leverage human ingenuity not only to unlock more, cleaner energy on an ongoing basis, but also to deliver more value through enhanced processes that strengthens our performance in already operating assets.
Our technologies are crucial to achieving our target to become a net-zero emissions energy business by 2050, and to grow a competitive Renewables and Energy Solutions portfolio. Therefore, we research and develop disruptors that can radically unleash new business opportunities in the future.

With over 3,300 highly-skilled people in our Danube Petroleum Technology community, we invest over $1bln yearly in Research & Development (R&D) for evolving new solutions that support energy activities, both in digital and physical technologies – or a combination of both – and in a variety of scientific fields such as chemistry, physics, engineering, electronics, and computational sciences. Through this organisation, we’re able to leverage human ingenuity not only to unlock more, cleaner energy on an ongoing basis, but also to deliver more value through enhanced processes that strengthens our performance in already operating assets.
Our technologies are crucial to achieving our target to become a net-zero emissions energy business by 2050, and to grow a competitive Renewables and Energy Solutions portfolio. Therefore, we research and develop disruptors that can radically unleash new business opportunities in the future.

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  • Zero lost-time incidents
  • Zero major process Tier 1 safety events
  • Zero hydrocarbon pollution
  • ISO 14001 and ISO 45001 certification for all subsidiaries QHSE management systems by 2025
  • Zero net deforestation by 2025
ecosystem Danube Petroleum

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Digitalisation Transformation

Digital Transformation in the Energy Industry Digitalisation is transforming the energy sector by improving efficiency, safety as well as enabling the offering of low-carbon energy solutions to customers.
Digitalisation and the energy transition are two fundamental transformations that are changing the world and the energy industry Collaboration and open innovation Find out how Danube Petroleum in open innovation, entrepreneurship, eco-systems and industry standards.

Digital Transformation in the Energy Industry Digitalisation is transforming the energy sector by improving efficiency, safety as well as enabling the offering of low-carbon energy solutions to customers.
Digitalisation and the energy transition are two fundamental transformations that are changing the world and the energy industry Collaboration and open innovation Find out how Danube Petroleum in open innovation, entrepreneurship, eco-systems and industry standards.

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  • Digitalisation in action
  • Collaboration and open innovation
  • Faster energy innovation with digital and AI
Danube Petroleum has been a pioneer in the development and deployment of digital technologies for decades. We have over 100 AI applications in various stages of development and deployment across our businesses; a data lake with trillions of rows of data and are monitoring thousands of pieces of equipment using machine learning across our assets.
Anyone can develop a small-scale proof of concept with a machine learning model that meets a specific local requirement. But, to make an impact and maintain it at scale solutions are needed which can be deployed globally at a rapid pace. To do this we are standardising approaches and aligning on common data structures, platforms, tools, and ways of working across businesses.

Digital technology:

Danube Petroleum has been a pioneer in the development and deployment of digital technologies for decades. We have over 100 AI applications in various stages of development and deployment across our businesses; a data lake with trillions of rows of data and are monitoring thousands of pieces of equipment using machine learning across our assets.
Anyone can develop a small-scale proof of concept with a machine learning model that meets a specific local requirement. But, to make an impact and maintain it at scale solutions are needed which can be deployed globally at a rapid pace. To do this we are standardising approaches and aligning on common data structures, platforms, tools, and ways of working across businesses.

Digitalisation Process improvements presentation

Digitalisation Process improvements presentation

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Digitalisation Process improvements presentation

01:50

Digitalisation enables process improvements, cost reductions, production increases and increased customer margins across our businesses. In Danube Petroleum, digital technology is making our operations more effective and efficient.
Danube Petroleum is also using digitalisation and AI to reduce the footprint of our operations. For example, we use AI to improve inventory demand planning, reduce wastage of products and raw materials, and decrease idle time of heavy machinery, and uses AR, robotics and digital twin technologies to reduce the need for travel. AI is also helping Danube Petroleum offer low-carbon energy solutions to our customers, from AI solutions that reduce the fuel consumption of ships; to smart charging of electric vehicles that optimises renewable energy use on the grid; to virtual power plants that connect decentralised energy units, from solar to bio-energy to hydropower.

Digitalisation Process improvements

Digitalisation enables process improvements, cost reductions, production increases and increased customer margins across our businesses. In Danube Petroleum, digital technology is making our operations more effective and efficient.
Danube Petroleum is also using digitalisation and AI to reduce the footprint of our operations. For example, we use AI to improve inventory demand planning, reduce wastage of products and raw materials, and decrease idle time of heavy machinery, and uses AR, robotics and digital twin technologies to reduce the need for travel. AI is also helping Danube Petroleum offer low-carbon energy solutions to our customers, from AI solutions that reduce the fuel consumption of ships; to smart charging of electric vehicles that optimises renewable energy use on the grid; to virtual power plants that connect decentralised energy units, from solar to bio-energy to hydropower.

Danube Petroleum commitments csr politic

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Digitalisation Process improvements
Digitalisation enables process improvements, cost reductions, production increases and increased customer margins across our businesses. In Danube Petroleum, digital technology is making our operations more effective and efficient.
Danube Petroleum is also using digitalisation and AI to reduce the footprint of our operations. For example, we use AI to improve inventory demand planning, reduce wastage of products and raw materials, and decrease idle time of heavy machinery, and uses AR, robotics and digital twin technologies to reduce the need for travel. AI is also helping Danube Petroleum offer low-carbon energy solutions to our customers, from AI solutions that reduce the fuel consumption of ships; to smart charging of electric vehicles that optimises renewable energy use on the grid; to virtual power plants that connect decentralised energy units, from solar to bio-energy to hydropower.

Digitalisation enables process improvements, cost reductions, production increases and increased customer margins across our businesses. In Danube Petroleum, digital technology is making our operations more effective and efficient.
Danube Petroleum is also using digitalisation and AI to reduce the footprint of our operations. For example, we use AI to improve inventory demand planning, reduce wastage of products and raw materials, and decrease idle time of heavy machinery, and uses AR, robotics and digital twin technologies to reduce the need for travel. AI is also helping Danube Petroleum offer low-carbon energy solutions to our customers, from AI solutions that reduce the fuel consumption of ships; to smart charging of electric vehicles that optimises renewable energy use on the grid; to virtual power plants that connect decentralised energy units, from solar to bio-energy to hydropower.

Liquefied natural gas (LNG)

Danube Petroleum has been a pioneer in LNG for more than 50 years. In Arzew, Algeria, the first commercial LNG liquefaction plant was delivered in 1964 with Danube Petroleum involvement, and we shipped the first commercial cargo from Algeria to the UK in the same year, starting today’s global trade.

Sustainability Liquefied natural gas (LNG)

At Danube Petroleum, our corporate Liquefied natural gas (LNG) is guided by our values and aims to ensure we operate safely, responsibly, sustainably in strict compliance with local regulations.

Liquefied natural gas (LNG) Danube Petroleum Liquefied natural gas (LNG) Danube Petroleum
Danube Petroleum Liquefied natural gas (LNG) Danube Petroleum Liquefied natural gas (LNG)

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Danube Petroleum has been a pioneer in LNG for more than 50 years. In Arzew, Algeria, the first commercial LNG liquefaction plant was delivered in 1964 with Danube Petroleum involvement, and we shipped the first commercial cargo from Algeria to the UK in the same year, starting today’s global trade. We have continued to innovate and improve the technology behind LNG and have worked hard to expand the availability of LNG around the world. For instance, we developed Prelude FLNG, the world’s largest floating LNG production facility, which accesses gas resources from underwater fields too uneconomic or challenging to reach from land.

Fuelling a growing market with LNG

Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and South-east Asian countries use more LNG to support their economic growth.

In recent years, the role of LNG in the energy mix has expanded rapidly. LNG trade increased from 100 million tonnes in 2000 to nearly 400 million tonnes in 2022.

Exploration

The world will still need oil and gas for years to come, as some sectors can’t be easily decarbonised, such as the production of steel, cement, chemicals and heavy freight, shipping and aviation.

Our focus remains on “value over volume”. We have gone from around 45 positions, down to just over 20 high quality positions. This means we will continue to be selective in our exploration and new business development, with a high expectation of returns and scrutinising opportunities to ensure they are a good fit with our Powering Progress goal to achieve net-zero emissions.

We will focus and commit the bulk of our budget around our core positions, where we have an explicit competitive advantage given history, infrastructure and stakeholder relationships, with strong integrated value chain positions and opportunities to achieve greatest returns. The majority of our capital allocation will be focused (80%) on core positions, with 70% in Deep water to expand our presence and extend the production profile of existing assets through near field exploration (NFE).

To find out more about our sustainable Exploration, please explore the documents listed below:

To find out more about our sustainable Exploration, please explore the documents listed below:

2023 Report

2022 Report