Energy Exchange

How virtual reality can help the oil and gas industry confront its invisible challenge: methane

I’m a certified oil and gas tech nerd, and I’ve never been so excited about my job. I love data, the insights that come with it, and especially the ways of applying those insights to catalyze continuous improvement. There are few decisions I make without an Excel spreadsheet – and after spending several years working for an oilfield services company, I’m passionate about solving one of the biggest environmental problems of our time: methane emissions.

Methane is the main ingredient in natural gas and a common byproduct of oil production. Unburned, it’s also a powerful greenhouse gas. Worldwide, about 75 million metric tons of methane escape each year from oil and gas operations through leaks, venting and flaring – making the industry one of the largest sources of man-made methane emissions.

As methane risk draws increasing attention from public officials, major investors and industry leaders, tech solutions are increasingly relevant and “digitization of the oilfield” is becoming industry’s hottest new term.

Read More »

Posted in Fourth Wave, Methane, Natural Gas / Language: / Comments are closed

OGCI Venture Day is an opportunity for methane technology

As the deadline for applications for OGCI Climate Investments Venture Day approaches, I had the opportunity to ask OGCI Climate Investments CEO, Dr. Pratima Rangarajam, a few questions to understand more about their plans for Venture Day and what opportunities exist for companies with technologies or business models for methane detection, measurement, and mitigation to present and receive funding.

OGCI Climate Investments supports the development, deployment, and scale-up of low emissions technologies. Applications are due by May 15, and Venture Day will be held on June 25 in Washington, DC. 10 to 15 companies will be invited to present their proposals seeking funding to support methane technology commercialization and participate in breakout sessions to challenge proposed technologies and business models and discuss deployment.

Read More »

Posted in Methane, Natural Gas / Language: / Comments are closed

Why one oilfield service provider sees opportunity in managing methane

This post was co-authored by Drew Pomerantz, a research scientist at Schlumberger.

Isabel Mogstad, a Project Manager with EDF+Business, who previously worked as a management consultant for Schlumberger, and Drew Pomerantz, a research scientist with Schlumberger, took this opportunity to have a conversation about why an oilfield service company wants to get involved with methane detection.

Read More »

Posted in Methane, Natural Gas / Language: / Comments are closed

In his efforts to delay the EPA methane rule, Pruitt rejects American ingenuity

We hope our leaders have the public’s best interest in mind. Unfortunately, instead of using sound science, EPA Administrator Scott Pruitt appears to be making decisions based on the influence of the worst actors in the oil and gas industry.

Although in his recent Congressional testimony he said the outcome of his proposal to suspend and possibly roll back EPA’s methane rule is yet to be determined, the way he justifies the delay of these standards shows he lacks confidence in American industry’s ability to rise to a challenge. Specifically, Pruitt wants to suspend EPA’s New Source Performance Standards for 2 years longer (beyond the one year phase-in already provided by the Rule).  He suggests that this extended suspension is justified in part because he says that the leak detection and repair industry isn’t capable of meeting the rule’s provisions requiring oil and gas companies to check for and repair methane leaks twice a year.

But Pruitt hasn’t provided any support for these claims and they are totally inconsistent with the engineers, servicemen, and tech developers already providing the services needed to find and fix these leaks.  His argument also flies in the face of how our economy has innovated for centuries. Read More »

Posted in Methane, Natural Gas / Language: / Comments are closed

Numbers don’t lie – finding and fixing methane leaks create jobs across North America

Even though Washington policies may be in full retreat concerning the environment, the world’s energy economies are moving toward the future. Growing opportunities in the methane management technology and services industry is one example, where new well-paying jobs in the industry are being created across the U.S. and Canada. These are jobs that could soon be in high demand in other energy-producing countries.

Billions of dollars’ worth of methane – the primary component of natural gas – is escaping from the world’s oil and gas value chain every year. With proven and low-cost fixes readily available from the methane mitigation industry, global methane emissions represent $10 billion in potential revenue for the oil and gas industry.

Two of the top five polluting countries globally, the U.S. and Canada, are showing there is an economic upside to eliminating methane waste by tapping the offerings of this emerging new industry.

Nearly 180 companies provide methane waste and pollution reduction technologies and services in Canada, according to a new job opportunities report released last week by the Methane Emissions Leadership Alliance (MELA), an association for the Canadian methane emissions management industry. Read More »

Posted in General, Methane, Natural Gas / Tagged | Language: / Comments are closed