Solutions
Challenge
The path to net zero
Decarbonization is complex yet critical. We need global tech solutions that can be adopted today, at scale, to cut emissions strategically.
How do we start and accelerate the journey to meet your sustainability commitments?
>50%
of total oil and gas industry CO2e emissions are related to methane venting and fugitive leaks. (Source: IEA, McKinsey, 2020)
40%
of global energy-related emissions come from electricity generation. (Source: IHS Markit, 2022)
7 Gt
of CO2 must be sequestered per year by 2050. Currently, only 0.04 Gt is sequestered. (Source: IEA Net Zero Scenario, 2021)
Iron and steel
Our cars, buildings, manufacturing equipment, and infrastructure would not be as durable, reliable, safe, or affordable without innovations in steel. However, the steel industry contributes 7–9% of global CO2 emissions. Carbon capture, utilization, and storage (CCUS) can significantly reduce emissions from iron and steel production, complementing green hydrogen and electric arc furnaces (EAFs) by addressing emissions from existing infrastructure and providing a transitional solution as the industry shifts to greener methods.
Cement
The cement industry provides the essential material for constructing buildings, roads, bridges, and other structures, contributing significantly to economic growth. However, the cement industry accounts for 6–8% of global CO2 emissions due to the calcination of limestone. Despite efforts to enhance energy efficiency and use alternative fuels, the inherent chemical process of cement production results in substantial emissions. CCUS is a crucial solution for reducing these emissions.
Chemicals
The chemicals industry is vital to the modern world economy, converting raw materials like oil, natural gas, air, water, metals, and minerals into a wide range of products used in everyday life and industrial applications. However, the chemicals industry contributes 4% of global greenhouse gas emissions. Decarbonization strategies, including energy efficiency, electrification, sustainable feedstocks, advanced catalysts, and CCUS, are vital for achieving net-zero emissions and ensuring the industry's sustainability.
Power
Electricity generation accounts for 40% of global energy-related emissions. While solar, wind, and energy storage are expanding, a diverse energy mix remains necessary. Geothermal energy provides consistent, weather-independent power, making it a reliable renewable option. For existing fossil fuel-based power plants, carbon capture is a viable option to reduce emissions. Combining geothermal energy for new projects with carbon capture for existing plants is crucial for a sustainable, low-carbon energy system.
Oil and gas
Oil and gas supply over 50% of the world's primary energy, which is essential for economic stability and development. However upstream, they contribute around 15% of global energy-related emissions. Reducing these emissions is crucial for climate goals. More than 50% of the industry's emissions are related to methane venting and fugitive leaks, while gas flaring contributes another 5%. Managing methane and flaring is a priority, and proven technologies can significantly reduce emissions and environmental impact.
Pulp and Paper
Today, 75–100% of the CO2 emissions from pulp mills originates from biomass. Though the pulp and paper industry accounts for only about 2% of global industrial emissions, it has a unique opportunity to achieve negative emissions through Bioenergy with Carbon Capture and Storage (BECCS). This puts BECCS projects in the unique position of being in the money from the outset due to interest from companies seeking to purchase Carbon Removal Credits (CDR) to offset their emissions.
What does reservoir fluid geodynamics mean for oil and gas?
Initiated and led by SLB Fellow Dr. Oliver C. Mullins, the oil and gas industry has introduced a new technical discipline called reservoir fluid geodynamics (RFG) to enhance the understanding and management of reservoir fluids over geologic time. RFG offers a comprehensive approach similar to "structural geology" for rocks, focusing on how fluids and rock structures evolve together. This new discipline helps operators address uncertainties in reserve estimates, productivity, and reservoir connectivity, and the Ora platform is a key enabler. Learn from Dr. Oliver Mullins how RFG is becoming an essential tool in reservoir management and development.
Data and AI Platform
Unlock business performance with unmatched collection, curation, and intelligent interpretation of your data.
Methane and Flaring Elimination
Remove methane and flaring emissions from your operations. For good.
Emissions Reduction
Reduce operational emissions and environmental impact with quantifiably proven, reliable technologies.
Geothermal
Geothermal energy is a sustainable energy source with unique advantages in the energy transition and for meeting the electricity demands of the future.
Carbon Capture and Storage
Propel your project with a full value chain of technology solutions.
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