Decarbonization

Shell signed a 5-year contract to supply PetroChina with carbon-neutral LNG using carbon credits to offset emissions from Shell’s own emission-reduction project portfolio.

Russian President Vladimir Putin has signed a new law regulating carbon dioxide emissions as the country strives to fulfill promises to significantly reduce its carbon footprint by 2030.

While Schlumberger, Halliburton, and Baker Hughes focus their legacy technology and service portfolios on driving up efficiency, driving down cost, and making current sources of energy less carbon intensive, they diverge on their approaches to scaling up development and deployment of breakthrough clean energy technologies.

Natural gas is produced from the ground now, but maybe not forever.

The authors write that the road to decarbonization will involve several technologies working in concert, not the use of only one at the expense of others.

The author shows that renewable energies are best used in replacing fossil fuels in the power sector, where it has the most effect in reducing CO2 emissions.

The authors write that even simple deep-learning architectures can identify a leak using pressure data.

For the entities formerly—and, sometimes, still—known as oilfield service companies, the energy transition presents new business challenges and opportunities. How are they managing?

SPE papers and events that covered decarbonization during the past year show that a wide variety of solutions already exist that avoid, reduce, replace, offset, or sequester greenhouse gas (GHG) emissions. It is clear, therefore, that decarbonization technologies will now be as important as 4D seismic, horizontal wells, and hydraulic fracturing.

The oilfield service giant said its plans to decarbonize are inclusive of Scope 3 emissions, or the emissions generated when customers use its technologies.