International Methane Emissions Observatory - IMEO’s Post

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

OGMP 2.0 is very pleased to welcome Floene to the partnership! This brings European coverage to 90% of Oil & Gas companies, and the partnership to 150 members measuring methane emissions with the aim of mitigating them.

Oil and Gas Industry 2023: Financial Gains vs Collateral Costs* In 2023, the oil and gas sector generated impressive financial returns, yet these gains come with significant collateral costs affecting our environment and society. Financial Gains: Cash Flow: $1.3 Trillion Profit: $0.8 Trillion Collateral Costs: Environmental Costs: $50 Billion Emissions Impact: $153 Billion Human Casualties: 100 Reported Deaths The true cost of this industry goes beyond profit, as the environmental and societal toll reveals the hidden price we collectively bear. Balancing these figures demands a commitment to innovation and sustainability to reduce these impacts. Data sources : Entities used as sources: 1. Annual Oil and Gas Market Report 2. International Energy Agency (IEA) 3. Global Institute for Safety 4. United Nations (UN) *Created with insights from Axcel-AI Drilling Assistant #OilAndGas #EnergySector #Sustainability #EnvironmentalImpact #RiskManagement #WorkplaceSafety #IndustrialSafety #WellIntegrity #GlobalEconomy #ClimateImpact

🆕 #FundingOpportunity 💰 ⭐ ⭐ DOE Announces $15 Million to Reduce Methane Emissions from the Oil and Gas Sector ⭐ ⭐ 📋 #FECM announced up to $15 million in federal funding to support research and development projects that help reduce methane emissions and other harmful environmental impacts from undocumented orphaned oil and natural gas wells. 🛠️ The focus is on projects that advance cost-effective technologies toward commercialization that address characterization, advanced remediation techniques, and long-term monitoring of undocumented orphaned wells. 🔋 These technology innovations will help to further the Biden-Harris Administration’s goal to cut methane emissions by 30% compared with 2020 levels by 2030. ➡️ https://bit.ly/4emaFP9

REACHING OGMP 2.0 LEVEL 5 Oil and gas companies aspiring to reach the Oil and Gas Methane Partnership 2.0 Gold Standard 🏆 are challenged with: ▶️ Reconciling emissions at the equipment level with site-level measurements, and ▶️ Ensuring consistency and accuracy for each asset group Frequently, operators like you are overwhelmed by the amount of methane data they need to make sense of. Why not rely on an industry-savvy partner who will help make sense of the data so you can lower your emissions and increase your company's gas profitability? Envana Software Solutions is partnering with several of the world's sustainability leaders and looks forward to partnering with you too. Visit https://hubs.ly/Q02JJWVD0 to download the Reference Guide to Accomplish OGMP 2.0 Gold Standard. Reach your emissions goals with Envana. #Envana #OGM2.0 #MethaneReduction #GasLeaks #OilandGas • International Methane Emissions Observatory

🤝 The Oil and Gas Methane Partnership 2.0 welcomes Portugal-based Floene among its members working to #CutMethane with credible data. 📈 Floene is the largest gas distribution network operating in #Portugal. 🌍 OGMP 2.0 is the UN Environment Programme’s flagship reporting and #mitigation programme, and is the only comprehensive, measurement-based international reporting framework for the oil and gas sector. 🔍 OGMP 2.0 covers over 40% of global oil and gas production, helping drive transparency and accountability at scale. Learn more about this UNEP initiative and how to join OGMP 2.0: https://lnkd.in/e2rfrBmU

NOW OPEN FOR REGISTRATION - SAVE 20% WITH ENERGYNOW Join North America's Largest Summit on Measuring, Monitoring and Mitigating Methane Emissions from Oil & Gas - Methane Mitigation America, December 3-5, 2024 - Learn More: https://hubs.la/Q02PsWsq0 The stage of Methane Mitigation America 2024 is set against a backdrop of significant regulatory flux, as the oil and gas industry now navigates a landscape characterized by rapidly evolving methane reduction mandates in the United States. It is now critical for every level of your organization to have a clear understanding of their role in addressing the multifaceted challenges that methane reduction brings. Whether you are an executive looking to gain insights into strategic planning and risk management, or operational personnel seeking practical solutions and best practices that enhance efficiency and compliance, seize the opportunity to join over 250 of your peers in Houston this December 3-5, 2024, #USA #methane IQPC #oilandgascompanies #oilfieldservices #emissionsreduction

One day left to save on our ground-breaking 30-page report that provides an unparalleled analysis of methane emissions across the Top 50 North American Oil and Gas producers. 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. It includes: - Executive summary - Satellite-observed emissions (scores, rankings, emissions trends) - Reporting gap analysis (self-reported vs. satellite-observed) - US EPA methane fee estimates for excessive emissions - Methodology, technical documentation, and frequently asked questions This comprehensive report, available for $8,500, features insightful data visualizations and includes complete data files for bespoke analysis. Purchase the report before April 5 and get a 20% discount – $6,800 (use code: FFI0324). https://lnkd.in/gznjz6Wv #methanescan #methaneemissions #methanereport

🌍 Shaping the Future of GHG Reporting in Oil & Gas: A MUST-READ RESOURCE As the oil and gas industry faces growing regulatory pressures and heightened stakeholder expectations, accurate greenhouse gas (GHG) inventories—especially methane—have become critical. Our latest white paper, "Beyond the GHG Protocol for the Oil & Gas Industry- Building a Strong Foundation: The Role of GHG Inventories", dives deep into the challenges of emissions reporting and offers actionable insights into improving data quality, technological integration, and regulatory alignment. In this resource, we cover: 🔹 How to navigate complex methane inventory frameworks 🔹 Choosing the right reporting methodologies 🔹 Leveraging advanced technologies like continuous monitoring systems 🔹 Aligning voluntary and regulatory reporting for seamless compliance Whether tackling OGMP 2.0 membership or seeking strategies to improve your emissions management, the expertise shared in this white paper will help guide your decisions. ▶️▶️ Download now and take control of your GHG reporting journey: https://hubs.ly/Q02XKvXk0 ◀️◀️ If you need further guidance in defining your GHG path or need assistance making sense of your GHG data, reach out to Envana Software Solutions' team of industry SMEs. Find out how you can reach your sustainability objectives with the most efficient solutions for your company. We'd be glad to help you assess where you are today and where you stand to benefit the most. We look forward to chatting with you. #GHGInventories #MethaneManagement #EmissionsReduction #OilandGas #Sustainability #Envana

NOW OPEN FOR REGISTRATION - SAVE 20% WITH ENERGYNOW Join North America's Largest Summit on Measuring, Monitoring and Mitigating Methane Emissions from Oil & Gas - Methane Mitigation America, December 3-5, 2024 - Learn More: https://hubs.la/Q02XTPCQ0 The stage of Methane Mitigation America 2024 is set against a backdrop of significant regulatory flux, as the oil and gas industry now navigates a landscape characterized by rapidly evolving methane reduction mandates in the United States. It is now critical for every level of your organization to have a clear understanding of their role in addressing the multifaceted challenges that methane reduction brings. Whether you are an executive looking to gain insights into strategic planning and risk management, or operational personnel seeking practical solutions and best practices that enhance efficiency and compliance, seize the opportunity to join over 250 of your peers in Houston this December 3-5, 2024, #USA #methane IQPC #oilandgascompanies #oilfieldservices #emissionsreduction