Methane emissions are 25 times more potent at trapping heat than CO2 emissions (EPA). They’re also more short-lived. These two things mean that reducing methane emissions represents one of the best short-term ways of addressing climate change.
The energy sector is one of the largest methane emitters in the global economy. Oil and natural gas extraction, processing and transportation make up almost 40% of global methane emissions from human activity (IEA).
Aiming for Zero – established by the Oil and Gas Climate Initiative (OGCI) in March 2022 – is focused on eliminating methane emissions from oil and gas assets by 2030. Its signatories and supporters include some of the largest oil and gas producers in the world. As a supporter, we will strive to have a positive influence on reducing methane emissions.
Working with regional governments and industry to understand the emissions sources and to demonstrate how methane recovery technologies can result in emissions reductions in the short-term at relatively low cost. We continue to develop our capability and are pursuing data analysis partnerships to provide greater transparency on methane.
“Eliminating virtually all methane emissions by 2030 is possible, which is why being a supporter of OGCI’s Aiming for Zero initiative is important as we work with our customers to reach near zero methane emissions from their oil and gas assets,” said Oliver Morgan, Senior Vice President of Upstream and Midstream at Worley.
“As a supporter of Aiming for Zero, we’re also committed to being a constructive partner to the wider oil and gas industry in this collaborative effort, and we’ll share our learnings and successes to help eliminate all preventable methane emissions.”
Read the latest issue of Oilfield Technology in full for free: Summer 2022
Oilfield Technology’s second issue of 2022 begins with analysis from Rystad Energy focusing on the upstream industry in Southeast Asia. The rest of the issue is dedicated to features covering advances in drilling, rig design, software and AI, corrosion and maintenance, artificial lift, flow control, and more.
Exclusive contributions come from Vink Chemicals, Archer, Taurex Drill Bits, Vysus, EM&I, SparkCognition, TÜV Rheinland Group, TGT Diagnostics, ChampionX, and Baker Hughes, as well as a guest comment from Patrick Long, Opportune.