GE and Statoil Partner to Develop Sustainable Energy Solutions
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, reductions.