A balanced energy transition is the way forward, and it will only happen with innovation from leaders in the energy sector. SLB has driven progress by making great strides in carbon reduction and advancing new technologies.
To provide reliable, accessible, and affordable energy that meets a new standard of sustainability, new technologies must be scaled up as emissions are cut. Our strength, scale, and differentiated capabilities in terms of science, technology, and innovation will enable SLB to effect change both responsibly and rapidly.
With a portfolio of transition technologies that help minimize emissions and reduce energy consumption by driving efficiency, reliability, and performance, we’re meeting emissions goals on the path to net zero.
We achieved a 24% reduction in Scope 1 and 2 emissions*, and a 21% reduction in Scope 3 emissions**.
We’re on track for a 50% reduction in scope 1 and 2, and a 30% reduction in Scope 3 emissions.
We’re committed to reach Net Zero emissions in all three scopes.
We share the view of the COP28 presidency that the oil and gas industry must create a lower-carbon economy by reducing emissions today. As living standards improve and energy demand expands, oil and gas will continue to be part of the energy mix for decades to come while renewables continue to ramp up.1
Methane makes up 16% of the world’s energy related emissions2, and is responsible for more than 25% of global warming today3
Methane traps more heat in the atmosphere per molecule than carbon dioxide and is up to 80 times more harmful than CO2 for 20 years after it is released4
The energy sector is responsible for nearly 40% of total methane emissions attributable to human activity, second only to agriculture5
The SLB End-to-end Emissions Solutions (SEES) business was launched in 2022 to address methane and routine flare emissions from oil and gas industry operations.
SEES has been selected by integrated energy company Eni to deliver comprehensive fugitive methane emissions measurement and reporting plans for Eni’s global operating facilities.
In 2023, we launched a new methane point instrument, a small, durable, "plug-and-play" solution that automates methane monitoring using sensors to detect, locate, and quantify emissions from across operations.
We invest in host countries and communities by building partnerships to focus our social efforts, recruiting and training where we work, sourcing from diverse local suppliers, and creating regional technology strategies with local impact.
SLB will work with technology companies, world governments, and other stakeholders to maximize efficiency in all phases of transition.
Thought leaders from around the world share their vision and experiences.
We must rethink our corporate metrics for calculating the global warming potential (and reduction) of methane.
Carbon capture and storage projects are leveraging O&G experts to minimize uncertainty and maximize success.
Digital modeling can be leveraged to plan and optimize the decarbonization of your entire energy system.
Reservoir characterization and MMV planning allows you to confirm the feasibility and sustainability of one carbon storage site over another.
