The race to reduce emissions: Five takeaways from OGCI venture day

The day before the World Gas Conference – one of the energy industry’s largest – 10 companies competed for USD $20 million to fund solutions with the power to disrupt how methane is managed, measured, and reduced.

The money was provided by Oil and Gas Climate Investments, the billion-dollar investment fund tied to the Oil and Gas Climate Initiative (OGCI) – a consortium of 10 oil and gas companies sharing knowledge and resources to cut the greenhouse gas footprint of their industry.

Read more

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 before been this excited about my job.  I love data and the insights that it surfaces, along with the immense possibility 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 manmade methane emissions.

As methane risk is starting to draw increasing attention from public officials, major investors, and leaders within the industry, tech solutions are booming and “digitization of the oilfield” is becoming industry’s hottest new term.

The good news: many of these tech solutions are available today and easy to deploy on a wellsite. Unfortunately, many stakeholders involved in this global challenge have either never been to a wellsite or don’t spend much time on a wellsite. And even if they do, methane is invisible.

That’s why EDF worked with the creative agencies, Hunt, Gather and Fair Worlds, to build a new virtual reality (VR) experience, called the Methane CH4llenge, that brings the wellpad to you and showcases the power of tools like infrared cameras and portable analyzers to experience first-hand what methane leaks look like.

I recently spoke with Hunt, Gather / Fair Worlds Creative Director Erik Horn, my partner in crime for this project, about developing the VR, which you can experience at the World Gas Conference next week. Here are five takeaways from our discussion, which you can watch in full here. Read more