Offshore Oil Engineering Co Ltd

Common Name
Offshore Oil Engineering
Country
China (Mainland)
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
9,824
Ticker
600583
Exchange
SHANGHAI STOCK EXCHANGE
Description
Offshore Oil Engineering Co. Ltd. is a prominent player in the offshore oil and gas industry, specializing in engineering, procurement, construction, and installation (EPCI) services. This company is ...

Offshore Oil Engineering's GHG Emissions Data Preview

In 2023, Offshore Oil Engineering completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Offshore Oil Engineering has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Offshore Oil Engineering’s Greenhouse Gas (GHG) Emissions Data

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a. Offshore Oil Engineering's ESG Report 2023
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Insights into Offshore Oil Engineering's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Offshore Oil Engineering amounted to 430,788.64 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Offshore Oil Engineering increased by 20.64%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Offshore Oil Engineering's Scope 1 Emissions Over Time

202120222023080 k160 k240 k320 ktCO2e-10%+22%
  • Total Scope 1
  • Year-over-Year Change

What are Offshore Oil Engineering's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Offshore Oil Engineering were 312,714.14 metric tons of CO₂ equivalent (tCO₂e). a

Has Offshore Oil Engineering reduced its Scope 1 emissions over time?

Since 2021, Offshore Oil Engineering's Scope 1 emissions have increased by 10.42%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Offshore Oil Engineering's Scope 1 emissions increased by 22.33%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Offshore Oil Engineering's Scope 2 emissions?

In 2023, Offshore Oil Engineering reported Scope 2 greenhouse gas (GHG) emissions of 118,074.5 tCO₂e without specifying the calculation method. a

Has Offshore Oil Engineering reduced its Scope 2 emissions over time?

Since 2021, Offshore Oil Engineering's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 25.3%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Offshore Oil Engineering's Scope 2 emissions (Unspecified Calculation Method) rose by 16.38% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Offshore Oil Engineering use for Scope 2 reporting?

In 2023, Offshore Oil Engineering reported its Scope 2 emissions using an unspecified methodology. a

Offshore Oil Engineering's Scope 2 Emissions Over Time

202120222023030 k60 k90 k120 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Offshore Oil Engineering’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Offshore Oil Engineering reported Scope 1 greenhouse gas (GHG) emissions of 312,714.14 tCO₂e and total revenues of USD 4,327 millions. This translates into an emissions intensity of 72.27 tCO₂e per millions USD. a

Offshore Oil Engineering's Scope 1 Emissions Intensity Compared to Peers

1002,00050,0001,000,00020,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)OVSOTechnipFMCYear: 2023Scope 1: 235,263 tCO2eRevenue: $M 7,824Scope 1 Intensity: 30.07 tCO2e/$MValarisYear: 2023Scope 1: 703,674 tCO2eRevenue: $M 1,784Scope 1 Intensity: 394.39 tCO2e/$MOOOriental EnergyYear: 2023Scope 1: 455,919 tCO2eRevenue: $M 3,816Scope 1 Intensity: 119.46 tCO2e/$MSBM OffshoreYear: 2023Scope 1: 489 tCO2eRevenue: $M 4,245Scope 1 Intensity: 0.12 tCO2e/$MYinson Holdings BerhadYear: 2023Scope 1: 44,116 tCO2eRevenue: $M 2,462Scope 1 Intensity: 17.92 tCO2e/$MDialog GroupYear: 2024Scope 1: 8,722 tCO2eRevenue: $M 668Scope 1 Intensity: 13.05 tCO2e/$MVVViridienYear: 2024Scope 1: 2,165 tCO2eRevenue: $M 1,040Scope 1 Intensity: 2.08 tCO2e/$MArchrockYear: 2023Scope 1: 17,663 tCO2eRevenue: $M 990Scope 1 Intensity: 17.84 tCO2e/$MChina Oilfield ServicesYear: 2023Scope 1: 1,182,609 tCO2eRevenue: $M 6,206Scope 1 Intensity: 190.55 tCO2e/$MSubsea 7Year: 2023Scope 1: 656,624 tCO2eRevenue: $M 5,974Scope 1 Intensity: 109.92 tCO2e/$MLiberty EnergyYear: 2023Scope 1: 2,329,847 tCO2eRevenue: $M 4,748Scope 1 Intensity: 490.71 tCO2e/$MWorleyYear: 2023Scope 1: 22,334 tCO2eRevenue: $M 7,546Scope 1 Intensity: 2.96 tCO2e/$MSSSeatriumYear: 2023Scope 1: 74,941 tCO2eRevenue: $M 5,525Scope 1 Intensity: 13.56 tCO2e/$MSBOYear: 2023Scope 1: 4,041 tCO2eRevenue: $M 648Scope 1 Intensity: 6.23 tCO2e/$MNovYear: 2023Scope 1: 135,671 tCO2eRevenue: $M 8,583Scope 1 Intensity: 15.81 tCO2e/$MHalliburtonYear: 2023Scope 1: 3,443,174 tCO2eRevenue: $M 23,018Scope 1 Intensity: 149.59 tCO2e/$MKodiak Gas ServicesYear: 2023Scope 1: 20,951 tCO2eRevenue: $M 850Scope 1 Intensity: 24.64 tCO2e/$MSchlumbergerYear: 2023Scope 1: 1,469,000 tCO2eRevenue: $M 33,135Scope 1 Intensity: 44.33 tCO2e/$MTenarisYear: 2023Scope 1: 2,100,000 tCO2eRevenue: $M 14,869Scope 1 Intensity: 141.23 tCO2e/$MTGSYear: 2023Scope 1: 76,102 tCO2eRevenue: $M 794Scope 1 Intensity: 95.81 tCO2e/$MOOOffshore Oil EngineeringYear: 2023Scope 1: 312,714 tCO2eRevenue: $M 4,327Scope 1 Intensity: 72.27 tCO2e/$M

How does Offshore Oil Engineering's GHG emissions intensity compare to its peers?

In 2023, Offshore Oil Engineering reported a Scope 1 emissions intensity of 72.27 tCO₂e per millions USD. Compared to the peer group median of 27.35, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Offshore Oil Engineering rank on GHG emissions intensity within its industry?

In 2023, Offshore Oil Engineering ranked 13 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Offshore Oil Engineering is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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