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A few weeks ago, McKinsey & Company released a report entitled “The true cost of methane abatement: A crucial step in oil and gas decarbonization” which provides a global overview of the investment required for O&G abatement. A few takeaways: - The technologies for reducing methane and flaring are available and mature enough to make significant strides at a relatively low cost or even for financial gain. - McKinsey estimates total investment required to unlock this abatement to be approximately $200 billion, $80 billion to deploy core abatement technologies, $120 billion for the infrastructure needed to recover this methane (natural gas pipelines, and transportation infrastructure, including liquefied natural gas (LNG) terminals and tankers) -The upstream sector has the potential to halve its GHG footprint through approaches that are cost neutral or even financially beneficial.  - Up to 50 percent of global oil production falls under voluntary methane abatement targets (example, OGMP 2.0). Meeting these targets will reduce emissions by 0.6 GtCO2e per year by 2030, which corresponds to a 15 percent decline in total upstream O&G emissions Full article here: https://lnkd.in/ggdqtW66 If you are a company evaluating abatement scenarios and understanding where to best deploy capital for emissions reductions efforts, let's talk. Arolytics is working on some exciting advancements in this area for 2025. #emissions #methane #mitigation #oilandgas #data

No Cost Emission Reduction?? 40% of methane emissions in oil & gas operations could be eliminated at zero net cost according to research released by BCG. How practical is this for operators?   The challenge? Most operators are drowning in data but starving for insights. BCG's analysis shows why methane abatement isn't just an environmental challenge—it's a digital one.   I see three critical steps for operators: 1. Start small but strategic: Pick one representative asset, establish quick baseline metrics 2. Build your digital foundation: Deploy basic monitoring infrastructure that can scale 3. Systematize for success: Integrate with existing systems and formalize program structure   The technology is ready. The business case is clear. The question isn't whether to act, but how quickly you can transform data into impact.   #EnergyTransition #DigitalTransformation #SustainableTech

In today’s dynamic energy landscape, oil and gas companies may be reassessing the strategic importance of methane mitigation. Beyond compliance, there’s a compelling business case for prioritizing methane reduction—benefits that resonate across global markets. Key factors to consider that are driving methane mitigation efforts: • Operational Efficiency and Product Recovery: Methane leaks are not just environmental concerns but also represent lost product. Implementing advanced leak detection and repair (LDAR) programs enhances recovery and boosts operational efficiency. • Financial Performance and Risk Mitigation: Proactive methane management reduces exposure to regulatory costs and minimizes risks of operational disruptions. This safeguards assets and ensures consistent production. • Investor and Stakeholder Expectations: In both the U.S. and Europe, there’s a growing emphasis on Environmental, Social, and Governance (ESG) performance. Robust methane mitigation strategies enhance capital access, improve stakeholder relations, and strengthen corporate reputation. • Market Alignment and Growth Opportunities: European markets are increasingly prioritizing environmental responsibility. Companies with strong methane mitigation practices are better positioned to meet international demand, opening new opportunities and enhancing competitiveness. By integrating methane mitigation into core business strategies, oil and gas operators can achieve significant operational and financial benefits. This proactive approach ensures resilience and competitiveness in a rapidly evolving global industry landscape. 👉 Read the full article here: https://hubs.ly/Q02-ns_w0 For more information: info@sensorup.com #MethaneMitigation #OilAndGas #OperationalExcellence #ESG #Sustainability #Europe #EnergyInnovation #EnvironmentalStewardship

Methane mitigation isn’t just about meeting regulatory requirements—it’s a strategic opportunity for operational efficiency, financial resilience, and global competitiveness. As the energy industry evolves, companies integrating proactive methane management into their core strategies are better positioned to meet stakeholder expectations and drive growth. 

🌍💡 Coming up fast – our free #webinar, “Introduction to Greenhouse Gas (GHG) Emissions Accounting in the Upstream Oil & Gas Sector”! 📅🕒 Tuesday, 4 June 2024 - 1:00 PM CEST 📍 Registration: https://lnkd.in/dzgpKJTR Here's what our expert Aleksandar Mirkovic will cover: 🔹 The impact of greenhouse gases (GWP) 🔹 CO2 equivalence explained 🔹 Emission categorisation: Scope 1, 2, & 3 🔹 Key standards and methodologies for upstream O&G 🔹 Determining boundaries for accurate accounting This webinar is an excellent opportunity to stay ahead in the industry. And if you’re ready to dive deeper into the topic, secure your spot in our 3-day course in September, “Direct GHG Emissions Inventory Compiling for Upstream Oil & Gas”. Find out more here: 👉 https://lnkd.in/enWGNxri #freewebinar #OilandGas #EnergyTransition #EnvironmentalManagement 

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐍𝐞𝐰 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐎𝐢𝐥 𝐚𝐧𝐝 𝐆𝐚𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 🌍🛢️🌱 In 2024, the oil and gas industry is undergoing significant regulatory changes, focusing on emission reductions and boosting sustainability. Among the most notable are the new EPA methane rules, which will enforce stricter limits on emissions from pipelines and operations on federal lands. While this may increase operational costs, it’s a crucial step in tackling climate change. 🏭🌱 . Additionally, regulations for pneumatic devices and pumps, with a compliance deadline of 2025, will require companies to adopt zero-emission technologies, offering an opportunity for innovation and operational efficiency. ✨ . This regulatory pressure is also being felt globally. In Europe, LNG buyers are demanding products that meet stricter methane emission standards, pushing U.S. producers to accelerate their emission reduction efforts to remain competitive. 🌍🔋 . In the U.S., the Inflation Reduction Act is promoting investments in carbon capture technologies, opening up new possibilities for the O&G industry to reinvent itself. While the path forward isn’t simple, companies that adapt their operations and embrace low-carbon solutions will thrive in this challenging environment. 💡 . The future of our industry is green – and innovation will be key to thriving in this new regulatory landscape. . . . . . #Sustainability #OilandGas #Innovation #Legislation #ClimateChange

"Data is Cheap." 📊According to an @Industrial Decarboization survey at the Amsterdam #MethaneMitigationSummit in February this year, operators' biggest challenges when it comes to monitoring methane emissions include: ✔️Accurate detection - 39% ✔️Data interpretation - 24% ✔️Real-time monitoring - 21% ✔️Compliance reporting - 16% The greatest LDAR (leak detection and repair) challenges include: ✔️Employing the correct technology mix - 39% ✔️Timely response to methane leaks - 29% ✔️Detection - 17% ✔️Identifying emissions sources - 15% Acting on key data is valuable. Yet often, it can be overwhelming. ✈️ 🛰️ Envana is your partner to help you make sense of the data: mitigate events, make proactive decisions, and plan for a more sustainable future. Join Envana Software Solutions and other key methane mitigation industry thought leaders convening on June 10-13 in Austin, Texas at the #MethaneMitigationSummit to discuss industry advancements and showcase the leading technologies and software solutions. Envana looks forward to becoming your chosen methane data analysis, forecasting, reporting, and interpretation solution. Rest assured– no alternative software in the market can provide oil and gas companies with a more robust and streamlined solution for our industry's complex needs. Reach out to our team today to discuss your methane mitigation journey and test-drive the software with your data for free for two weeks. Access the full report and learn more at https://hubs.ly/Q02w3Gmf0 #Oilandgas #Petroleum #OGMP2.0

After several decades in operation, the O&G industry is certainly long overdue to have developed solutions to eliminate gas flaring and other leaks, as problematic as they're considered to the environment. Near-zero methane emission, zero routine flaring, improved operational efficiency, reduction in equipment leaks etc etc, are all effective ways that can significantly reduce emissions. If maximising operational efficiency and leak gas recovery are at low-cost, with a 35% upstream emission reduction improvement, why are these so difficult to implement? https://lnkd.in/gaWX2DQV

📉CASE STUDIES IN DATA-DRIVEN METHANE MANAGEMENT You won't want to miss "Case Studies in Data-Driven Methane Management," Khaled Hashem's presentation at this year's #MethaneMitigationSummit in Houston, Texas. 🗓️Mark your calendar for December 3-5 at Norris Conference Centers at CITYCENTREHOUSTON to join the oil and gas industry's thought leaders, regulators, academia, and innovators tackling one of the most pressing challenges of our times: methane mitigation. If you're responsible in any way for oil and gas emissions reporting, you're invited to North America's largest summit on measuring, monitoring and mitigating methane emissions from oil & gas. Join to hear how industry pioneers are leveraging their methane emissions data to establish the most efficient roadmap to meet their sustainability goals, including OGMP 2.0 Gold Standard. 🏆 Visit https://hubs.ly/Q02YFHxS0 for more details and to register. #Envana #OilandGas #MethaneReporting #WasteEmissionCharge #MethaneMitigation #OGMP Methane Mitigation Summit Series * Grant Schwer • Olivia Schurer • Matt Rymon • Keegan Conley, P.E. • Industrial Decarbonization Network

Stop chasing natural gas custody transfer measurement errors and let the errors come to you! Our automated C-SMART MVP meter health check shows you exactly where to focus deep dive analysis. https://lnkd.in/gXSkSsc7 #naturalgas #energy #pipeline