The oil and gas industry is under acute pressure to respond to climate change. External forces such as increasing regulations put pressure on companies’ license to operate and, more and more often, operators are getting direct investor, public and peer pressure to show traceable and auditable progress towards emissions targets and goals. Companies, therefore need a tool to help model, monitor and report their greenhouse gas emissions.   Some are just starting on the emissions management journey, trying to identify their baseline carbon footprint, as well as defining their boundaries and emissions feeding activities. At the other end of the maturity spectrum, others are looking for ways to embed an understanding of emissions into every business decision, with central governance over the process. 

A platform to track, forecast and report companies’ greenhouse gas emissions will help address the challenges faced by the industry in the identification and reduction of emissions. These challenges are not trivial and companies need help navigating this new reality and connecting it to their current way of doing business, driving meaningful decisions on reducing their carbon footprint with the greatest efficiency and within their budgets.  

Halliburton has developed such a platform, which has three fundamental pillars: 

• A comprehensive library of emissions sources, built from an extensive knowledge of E&P operations, and tailored specifically to sources relevant to the oil and gas industry.  
• The ability for software to connect to the library via a fully documented API.   
• Top down and bottom up portfolio tracking and forecasting to facilitate decision making at all levels of the business.  

In this webinar, we will highlight the ways Halliburton is making use of this platform to address industry challenges in emissions management, and how this approach can be used by others to make progress towards emissions reduction goals.