FFI Solutions’ Post

With hydrocarbons still enabling reliable and affordable energy systems and the window to meet the Paris Goals rapidly closing, the industry must reduce emissions by 45% this decade to put us on the right path by 2050. The challenge is urgent. Collectively, we have an obligation to act and the ability to deliver. So, what is holding back the oil and gas industry from delivering emissions reduction at scale? Tune into our webinar on October 23 at 10:00AM EST to hear insights from Ilaria Parrella, Baker Hughes Emissions Abatement Executive Director, and Emmanuel Corral, S&P Global Commodity Insights Senior Emissions Insight Analyst, and learn how we're embracing the challenge to energize change through collaboration, innovation, and experience. 👉 Register now: https://lnkd.in/gpTVbGWp #EmissionsAbatement #EmissionsReduction #CleanEnergy #EnergyTechnology #SustainableEnergyDevelopment

We must reduce emissions by 45% this decade to put us on the right path to 2050 and methane mitigation is essential for addressing climate change. ▶ The journey has already started and it's time to turn emissions data in abatement actions. Our industry has the ability to do it. 🎯 Tune into this must-attend webinar if you want to join the race and unsure of your starting point. Our Emissions Abatement Leader Ilaria Parrella will share her expertise and insights on successful abatement journey. 👉 Register now: https://lnkd.in/gpTVbGWp #emissionsabatement #methanereduction #wearebakerhughes

Tune in to this webinar on Oct 23rd to learn about the urgency and importance of reducing emissions… info below ⬇️

In case you missed it, you’re still in time to join this great dialogue later today on how to act NOW to abate emissions. See below for more details. #ClimateTech #EmissionsReduction #EnergyEfficiency #TheTimeIsNow #WeAreBakerHughes

The article discusses the progress and challenges in decarbonization efforts within the upstream oil and gas industry. Here are the key points: 1. Emissions intensity in the upstream oil and gas sector has decreased by 12% since 2017, primarily due to reduced flaring, improved methane leak detection, electrification, and carbon capture utilization and storage (CCUS) 2. Despite the reduction in emissions per barrel, absolute emissions have plateaued due to increased post-pandemic production to meet demand. Absolute emissions could rise again in 2024 and potentially surpass pre-pandemic levels by 2028 3. Fuel use in production and processing remains the largest source of emissions and the most difficult to abate. The expansion of liquefied natural gas (LNG) production could further increase absolute emissions 4. Major oil companies and large caps face the most scrutiny but are responsible for less than a quarter of total emissions. National oil companies (NOCs), independents, and smaller operators account for the majority of emissions 5. Decarbonization efforts have mainly focused on flaring, methane, and venting. However, combustion-related emissions from production, processing, drilling, and liquefaction account for two-thirds of total emissions and are harder to address 6. Flaring has seen the most significant reductions, driven by international oil companies (IOCs) and regions with stricter regulations. However, more than 10 bcfd is still burned yearly 7. Local regulations are becoming more supportive of decarbonization and are effective catalysts for emissions reductions. Mature regions are seeing emissions decrease due to falling oil and gas output 8. Carbon capture utilization and storage (CCUS) can address venting from high-CO2 gas fields but remains costly for large-scale combustion-related emissions abatement 9. Methane reduction is a priority for the industry, but measurement and consistent reporting remain challenging #ccus #decarbonization #carboncapture

For a third year, 100% of Seneca Resources' natural gas production has received an "A" grade under the MiQ Standard for Methane Emissions Performance- the highest grade available. The MiQ - Methane Intelligence Standard evaluates methane emissions and practices for oil and gas facilities, assigning letter grades based on operators' use of technologies to detect and mitigate emissions. It also assesses policies and work practices to prevent future methane emissions. Accredited third-party auditors determine compliance with the standard.

The oil and gas industry is urged to accelerate its methane abatement efforts. While individual company efforts are essential, broader systemic changes—such as supportive policies, supply chain evolution, and improved industry collaboration—are also necessary to achieve rapid methane abatement effectively. This article is the first of a series on methane emissions and outlines six actionable steps for oil and gas companies to achieve their methane emissions target. Stay tuned for more insights.

The oil and gas industry is urged to accelerate its methane abatement efforts. While individual company efforts are essential, broader systemic changes—such as supportive policies, supply chain evolution, and improved industry collaboration—are also necessary to achieve rapid methane abatement effectively. This article is the first of a series on methane emissions and outlines six actionable steps for oil and gas companies to achieve their methane emissions target. Stay tuned for more insights.

FFI Solutions is excited to announce the release of a ground-breaking 30-page report that provides an unparalleled analysis of methane emissions across the Top 50 North American Oil and Gas companies. Produced by our partner GEO | Geofinancial Analytics, the report provides investors with critical insights into which companies are proactively managing their emissions and which are at risk of incurring substantial fines. Learn More: https://lnkd.in/gznjz6Wv #methanescan #methaneemissions #institutionalinvestors #hedgefunds #ffisolutions #climateinvesting #netzero

WHAT O&G EMISSIONS SOLUTIONS ARE YOU LOOKING FOR? 👀 🧠 According to forward-thinking Brian N., Senior Product Manager for Envana Software Solutions, "Our industry has been rapidly evolving in the collective carbon management effort. Oil & Gas, especially in NA and Europe, already has more mature GHG reporting practices than many other countries. 🛠 Now, we are moving from reporting to action: reactive to proactive. The industry is looking for tools that go beyond reporting carbon. We offer forward-looking tools that help decarbonize operations." Visit Envana's blog post to learn more about Brian's industry perspective. https://lnkd.in/ea23cwvJ #Envana #GHG #Carbon #Emissions #Oil #Gas #Forecasting #Reduction