On Wednesday, GE and Statoil announced a new collaboration to
accelerate the development of more environmentally and economically
sustainable energy solutions in response to some of the challenges
facing global oil and gas production. The program will focus on
developing new approaches to create efficient, low-cost technologies for
oil and shale gas production while simultaneously reducing emissions.
In its initial stage, the collaboration will address key sustainability
dimensions of the industry, including:
• Reduce flaring and lower CO2 intensity through innovative
application of CNG In A Box as part of the innovative Last Mile Fueling
solution: Provide a full-service natural gas fueling solution for
operations by capturing, compressing, and using natural gas that would
be otherwise flared at well sites. Compressed natural gas (CNG) can be
used to fuel rigs, vehicles, and other equipment, thereby reducing the
use of or replacing the need for diesel.
• Increase fuel efficiency through Gas Compressor Optimization:
Increase performance, efficiency, and extend maintenance intervals
through optimization of gas compressor components.
Initial estimates show that the successful execution of these first
five projects could result in significant combined CO2 savings. The
Last Mile Fueling solution in the Williston Basin in North Dakota has
the potential to reduce the equivalent of 120,000–200,000 tons per year
of CO2 emissions through reduced diesel fuel usage, while the other
projects being developed hold potential for similar, or even larger,