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

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Continuous and unmanned aerial vehicle methane monitoring with a new digitally integrated platform – BHGE is unveiling LUMEN for oil and gas operators 0

  • At its 20th Annual Meeting in Florence, BHGE makes the commitment to reduce CO2 equivalent emissions 50 percent by 2030 and achieve net zero by 2050

  • BHGE will support customers’ efforts to reduce the carbon footprint of their operations by investing in its portfolio of lower carbon products and services

  • New and future technologies launched at the annual event include LUMEN, which is both a wireless ground-based and aerial drone-based methane detection system; as well as a turbine powered 100 percent by hydrogen

  • BHGE’s Gaffney, Cline and Associates has launched its own Carbon Management Practice, the first oil and gas consultancy to offer a quantitative assessment of the carbon intensity of oil and gas assets, evaluation of carbon solutions and the accreditation of emission reductions

FLORENCE, ITALY — 28 January 2019 – On the first day of its 20th Annual Meeting in Florence, Italy, Baker Hughes, a GE company (NYSE: BHGE), announced its commitment to reduce its CO2 equivalent (eq.) emissions 50 percent by 2030,* achieving net-zero CO2 eq. emissions by 2050.  The company also said it will invest in its portfolio of advanced technologies to assist customers with reducing their carbon footprint.

Net Zero Carbon Emissions

BHGE has already achieved a 26 percent reduction in its emissions since 2012 through a commitment to new technology and operational efficiencies.  BHGE will continue to employ a broad range of emissions reduction initiatives across manufacturing, supply chain, logistics, energy sourcing and generation.  BHGE has established a global additive manufacturing technology network with a mission to bring commercial-scale production closer to customers, reducing transportation impact and associated emissions.

“Oil and gas will continue to be an important part of the global energy mix, and BHGE is committed to investing in smarter technologies to advance the energy industry for the long-term,” said Lorenzo Simonelli, chairman and CEO of BHGE. “Managing carbon emissions is an important strategic focus for our business.   We believe we have an important role to play as an industry leader and partner.  BHGE has a long legacy of pushing the boundaries of technology and operating efficiency. Today we take this to the next level by committing to ambitious new goals for ourselves, and to provide lower carbon solutions expected by customers and society.”

New Carbon Management Practice

To further industry and customer efforts to reduce carbon emissions, BHGE’s Gaffney, Cline and Associates has launched a new Carbon Management Practice. This is the first oil and gas consultancy to offer a quantitative assessment of carbon intensity, evaluation of carbon solutions and the accreditation of emission reductions. This new practice helps governments, energy companies and the financial community understand and solve energy transition issues related to oil and gas resources, assets and investments.

Technology Partner to Customers

At its Annual Meeting, BHGE announced new and existing technologies that support operators’ efforts to reduce their carbon footprint:  

  • LUMEN, 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 rates and concentration levels are monitored and located as efficiently and accurately as possible. This builds on BHGE’s extensive portfolio of remote inspection and sensing technologies.

  • An agreement with H2U, Australia’s leading Hydrogen infrastructure developer, to configure BHGE’s NovaLT gas turbine generator technology to operate 100 percent on hydrogen for the Port Lincoln Project, a green hydrogen power plant facility in South Australia.

The new technologies build on BHGE’s expanding lower-carbon technology portfolio, which includes:

  • Modular Gas Processing: Modular gas processing at Nassiriya and Al Gharraf oilfields in Iraq will recover 200 million standard cubic feet per day of flare gas, reducing emissions by 5.7 million metric tons per year of CO2 equivalent, and monetizing the recovered gas. The recovered gas will be processed into dry gas, liquefied petroleum gas for cooking, and condensate, and will support domestic power generation as well as exports. An additional net 3.9 million metric tons of CO2 eq. emissions reductions are possible annually if incremental power generation is fueled by natural gas, displacing oil.  Flare gas recovery and use represent one of the largest emission reduction opportunities in the global oil & industry.

  • LM9000 Gas Turbine: BHGE’s most advanced aero-derivative gas turbine, introduced in 2017, was designed to allow the LNG train startup in the pressurized condition without venting process gas.  Its flexible fuel technology reduces emissions while eliminating water use in emissions abatement.  The LM9000 delivers 50 percent longer maintenance interval, 20 percent more power and 40 percent lower NOx emissions, resulting in 20 percent lower cost of ownership for LNG customers.

  • Integrated Compressor LineThis high-efficiency offshore compressor operates with zero emissions. It is driven by a high-speed electric motor in a single sealed casing and its rotor is levitated by active magnetic bearings (AMBs), allowing exceptional efficiency and reliability.

  • flare.iQ: flare.IQ™ provides highly accurate, near-continuous control of downstream flare performance by optimizing combustion efficiency, allowing operators to reduce flaring-related emissions by up to 12,100 metric tons of CO2 equivalent per flare annually. If deployed globally, flare.iQ could reduce annual emissions by 190 million metric tons of CO2 eq.

  • NextSource Modular CO2 Capture:  NextSource converts thermal energy from rich burn Waukesha engine exhaust to provide low-cost CO2 for oil and gas consumers. In the process, each four-engine pad reduces emissions by 16,200 metric tons of CO2 equivalent annually or 60 percent compared to the no-capture scenario. In addition, because CO2 is captured near the well site, emissions are avoided from not having to transport liquid CO2 from a remote location to the well site.

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.

**BHGE’s 2030 emissions reduction targets and performance are based on scope 1 & 2 emissions for 2017 and baseline year 2012, as reported to the Carbon Disclosure Project..

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

TED Talk on methane and the oil and gas industry 0

This TED Talk heralds a new era in fighting climate change, from space

Watch this video to learn about a bold, new initiative to combat global warming

EDF and partners are launching a rocket to put a new satellite in orbit that could change the course of global warming in our lifetimes.

MethaneSAT will gather data about a pollutant – methane – that’s warming the planet, and put that data in the hands of people who can easily fix the problem.

EDF President Fred Krupp unveiled the groundbreaking project at TED’s flagship event in Vancouver, British Columbia, as part of The Audacious Project, successor to the TED Prize.

Just the first step will have the same near-term climate benefit as shutting down one-third of the world’s coal-fired power plants.

Fred Krupp, EDF President

Fred Krupp, EDF President

Our goal is to cut methane emissions 45 percent by 2025, and the data gathered by this satellite will make that possible. Nothing else will have the same kind of near-term impact at such a low cost.

The power of information

To learn the magnitude of the problem with methane, we collected data with drones, planes, helicopters, even Google Street View cars. It turned out that emissions are up to five times higher than what the government is reporting.

So we didn’t wait for Washington. We published our research, shared it with everyone and saw them take action. Leading oil and gas companies replaced valves and tightened loose-fitting pipes. Colorado became the first state to limit methane pollution. California followed suit, and the public joined in.

By bringing the right people to the table – and leveraging the best of technology, science, data and partnerships – we were able to make the invisible visible, empowering everyone. This enabled us to find new solutions that can be taken to scale and make a lasting impact.

And that’s what the emerging Fourth Wave of environmentalism is all about.

Source:  EDF Environment Defense Fund

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