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Calendar10 July 2025

What is covered by the report?

It outlines how CE indicators, drawn from various existing frameworks, can be applied within O&G companies. The research report brings together both qualitative and quantitative indicators that could help O&G companies assess the circularity of their assets across upstream, midstream and downstream activities.

The report includes five sections: 

Section 1: about circular economy and the industry’s role in it 

Section 2: circular economy frameworks and their applications 

Section 3: key circular economy indicators  

Section 4: reflections on measuring circularity 

Section 5: conclusions 

Why companies should adopt circular economy

Through aligning the industry’s understanding of CE and providing a general approach to measuring circularity internally, the report enhances understanding of CE measurement frameworks, encourages innovation and fosters collaboration.

Increasing the circularity of production processes and products can support O&G companies to produce the energy the world needs, while reducing impacts on natural resources and cutting emissions. As well as providing climate, environmental and social benefits, CE helps builds long-term resilience and generates business and economic opportunities.

Who is this report for?

  • This report helps O&G CE SMEs, waste professionals and corporate sustainability units to:

  • Assess and evaluate the current circularity performance within their company

  • Identify opportunities for ‘closing the loop’ through filling the gaps of existing circular economy practices

This report evaluates existing circular economy measurement frameworks and identifies how a combination of frameworks enables better measurement of circular economy by oil and gas companies.

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