Baker Hughes, a GE company (BHGE) on Monday committed to cutting in half by 2030 its carbon dioxide equivalent (CO2e) emissions and to achieving net-zero emissions by 2050.
The Houston-based oilfield services giant at its 20th annual meeting in Florence, Italy, said it also plans to invest in a portfolio of advanced technologies to assist customers in reducing their carbon footprint.
BHGE noted that it has achieved a 26% reduction in CO2e emissions since 2012 with technology and operational efficiencies. Plans are to continue to employ initiatives across manufacturing, supply chain, logistics, energy sourcing and generation.
Among other things, a global additive manufacturing technology network has been charged with bringing commercial-scale production closer to customers to reduce 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,” CEO Lorenzo Simonelli said. “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 providing lower carbon solutions expected by customers and society.”
To further industry and customer efforts to reduce emissions, BHGE’s Gaffney, Cline and Associates has launched a carbon management practice, which it said is the first oil and gas consultancy to offer quantitative assessments of carbon intensity, evaluations of carbon solutions and accreditation of emission reductions.
At the annual meeting BHGE also unveiled technologies to support efforts by customers to reduce carbon footprints, including Lumen, a suite of methane monitoring and inspection solutions capable of streaming live data from sensors to a cloud-based software dashboard for real-time results.
An agreement also was secured with Australian-based H2U, a hydrogen infrastructure developer, to configure BHGE’s NovaLT gas turbine generator technology to operate 100% on hydrogen for the Port Lincoln power plant facility in South Australia.