PRESS RELEASE: ExxonMobil to Join Oil and Gas Climate Initiative 0

ExxonMobil to Join Oil and Gas Climate Initiative
  • The CEO led global initiative aims to provide practical solutions to climate change mitigation

  • Focus areas include carbon capture and storage, methane reductions, energy efficiency

  • As part of the initiative, ExxonMobil to invest in research and development of long-term solutions to reduce greenhouse gas emissions

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil today said it will join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change.

“It will take the collective efforts of many in the energy industry and society to develop scalable, affordable solutions that will be needed to address the risks of climate change”

The CEO-led organization focuses on developing practical solutions in areas including carbon capture and storage, methane emissions reductions and energy and transportation efficiency. As part of the initiative, ExxonMobil will expand its investment in research and development of long-term solutions to reduce greenhouse gas emissions as well as partnerships and multi-stakeholder initiatives that will pursue lower-emission technologies.

“It will take the collective efforts of many in the energy industry and society to develop scalable, affordable solutions that will be needed to address the risks of climate change,” said Darren Woods, chairman, and chief executive officer of ExxonMobil. “Our mission is to supply energy for modern life and improve living standards around the world while minimizing impacts on the environment. This dual challenge is one of the most important issues facing society and our company.”

ExxonMobil has invested billions of dollars in researching and developing lower-emission solutions, including carbon capture and storage technology, next-generation biofuels, cogeneration, and more efficient manufacturing processes.

Earlier this year, ExxonMobil announced initiatives to lower greenhouse gas emissions associated with its operations by 2020, including reducing methane emissions 15 percent and flaring by 25 percent. Since 2000, ExxonMobil has spent more than $9 billion to develop and deploy higher-efficiency and lower-emission energy solutions across its operations.

OGCI was established following the 2014 World Economic Forum and formally launched at the United Nations Climate Summit the same year. Members include BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental Petroleum, Pemex, Petrobras, Repsol, Royal Dutch Shell, Saudi Aramco, and Total.

About ExxonMobil

ExxonMobil, the largest publicly traded international energy company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products and its chemical company is one of the largest in the world. For more information, visit www.exxonmobil.com or follow us on Twitter www.twitter.com/exxonmobil.

Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including the timing, results and impact of new technologies and future emission reductions, could differ significantly depending on the outcome of further research and testing; the development and competitiveness of alternative technologies; the ability to develop and scale pilot projects on a cost-effective basis; political and regulatory developments; and other factors discussed in this release and under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at exxonmobil.com.

Contacts

Exxon Mobil Corporation
Media Line, 972-940-6007

Source: Business Wire

Previous ArticleNext Article

BHGE LUMEN: Ground & Drone-based Advanced Methane Detection & Reduction System 0

  • LUMEN provides continuous quantifiable methane detection and real-time cloud-based data for operators

  • Wireless ground-based and aerial drone-based solutions provide flexibility and cost-effectiveness

  • Among a range of innovative technologies demonstrated at BHGE’s 20th Annual Meeting

On the first day of its 20th Annual Meeting in Florence, Italy, Baker Hughes, a GE Company (NYSE: BHGE) unveiled a host of industry-leading technologies designed to “move energy forward”, including a new digital integrated platform, LUMEN,  to provide continuous and unmanned aerial vehicle (UAV) methane monitoring for oil and gas operators.

The technology was among a range of innovations being demonstrated at the event which brought together more than 1,000 senior oil and gas leaders and energy ministers from around the world to discuss and debate the latest trends and challenges facing the sector, including tackling the industry’s carbon footprint.

“Methane leak detection is one of the most pressing needs in the oil and gas industry today, and we believe LUMEN is a game-changer for highly-effective methane emission monitoring,” said Diarmaid Mulholland, CEO of BHGE’s Measurement & Sensing business.  “Using advanced sensors and industrial software, LUMEN helps operators to protect the environment by detecting harmful methane leaks, and by using advanced data analysis, this technology helps identify and reduce emissions while also increase safety for operators. The applications within oil and gas are just the beginning.”

“In a carbon-constrained world, minimizing methane emissions is a critical path issue for the oil and gas industry. No operator can afford to sit still as service companies and others bring ever more innovative methane solutions to market,” said Isabel Mogstad, a methane solutions expert with the Environmental Defense Fund.

LUMEN includes a full-suite of methane monitoring and inspection solutions capable of streaming live data from sensors to a cloud-based software dashboard for real-time results.  The platform consists of two seamlessly connected formats – a ground-based solar-powered wireless sensor network, and a drone-based system for over-air monitoring, – ensuring methane emissions are monitored as efficiently and accurately as possible.

Innovative monitoring strategies like LUMEN go beyond meeting safety and regulatory requirements – which remain extremely important – and can also help increase operational efficiencies, reduce costs, and minimize pollutants for customers globally.

LUMEN’s ground-based sensor system, LUMEN TERRAIN, is a solar-powered, wireless system that creates a “digital mesh” network around a facility, outdoors, and indoors.  BHGE can also take LUMEN SKY airborne with an integrated, multi-faceted UAV system using a state of the art, a combination of  TDLAS and OGI technologies, along with high-definition aerial video streaming for unmatched data visualization.

Using proprietary algorithms and machine learning, data, LUMEN provides methane concentration data (PPM), as well as the location and rate of the leak.  The data is available in real-time at the touch of a button via a computer or smartphone, giving operators the ability to make quicker, more reliable decisions for their operations.

Visit https://annualmeeting.bhge.com to learn more about the Florence event including the conference agenda and speakers guide, and where the full proceedings from the Annual Meeting will be shared at the close of the event. Visit http://bhge.com/methane to learn more about LUMEN.

Media Relations

Global External Affairs & Financial Communications

Thomas Millas

+1 910 515 7873

thomas.millas@bakerhughes.com

Quasar 2 – New Flare Stack Monitoring System 0

The new flare stack monitoring system from LumaSense Technologies is designed to monitor pilot flames and flared gases for elevated flare stacks. Additional applications include: Gas assist flares, Staged flares, and Offshore flares. Quasar 2 is available in “Basic” and “Advanced” models.

Safe flare operation and environmental protection require reliable and accurate flare pilot monitoring. Generally, all flare pilots are monitored with thermocouples. However, thermocouples fail due to thermal shock, extreme heat and vibrations during flaring events. The requirement for pilot monitoring beyond the normal life of pilot thermocouples has driven the market need for alternative methods and installation of redundant methods of pilot monitoring in addition standard pilot thermocouples. Regional flare governmental permitting rules driven by environmental protection, health and safety guidelines for global flare operation have had a large impact on the increasing market need for IR pilot monitoring systems.

The E²T Quasar 2 series are monitoring and detection instruments designed for continuous duty monitoring of pilot flame and flared gases from flares. The base system provides low-cost basic flare pilot monitoring capabilities. The advanced model has an intensity meter with 2 set points that allow monitoring of both the pilot and flaring status signals from the same unit. Additional add-on features are available for a configurable product to meet a wide range of client flare types, monitoring requirements and budget. High Resolution sight-through optical system and selection of various spot sizes enables the Quasar 2 system to be positioned as far as 1/4 mile (400 m) from the stack being monitored. Alignment on the target is accomplished through bead and notch aiming and signal amplitude in combination with a stable M-4 heavy duty swivel mount. Custom electronics adapt to target movement, varying luminosity and most climate conditions. The alarm delay circuit can be adjusted for a specific location or application, eliminating false alarms from temporary loss of signal due to intermittent flames, adverse weather and wind.

The system is complete with internal cooling base, air purge tube and swivel mount. An optional M-8 pedestal stand allows for easy stable system mounting. With over installations at over 550 petrochemical facilities worldwide, customers know they can trust LumaSense E²T line of petrochemical infrared sensors.

LumaSense Technologies, Inc.

Published on Aug 1, 2018

For more information, visit: https://info.lumasenseinc.com/q2

YouTube

Potential Carbon Capture Solution 0

Using carbon capture technology in natural gas power plants could eliminate hundreds of thousands of tons of CO2, helping significantly reduce emissions

Published on Apr 16, 2018

YouTube

Most Popular Topics

Editor Picks