Italian Energy Company Eni Picks SLB For Global Methane Emissions Reporting Project

In a significant environmental move, Schlumberger SLB has been chosen by Eni S.p.A. E to develop comprehensive plans for measuring and reporting fugitive methane emissions at global facilities.

This project, currently underway, aligns with the United Nations' Oil & Gas Methane Partnership 2.0 (OGMP 2.0) reporting standards, marking a crucial step in addressing methane emissions.

Schlumberger will leverage its End-to-end Emissions Solutions business (SEES) to deliver precise measurement and reporting plans for Eni. This initiative aims to provide Eni with accurate data for transparent reporting and strategic efforts to reduce methane emissions.

SEES will conduct source-level measurements and simulations at Eni's facilities across Africa, Asia, Europe, and North America, aligning with OGMP 2.0 reporting standards. Schlumberger will then analyze the data and assist Eni in reporting source-level emissions to the OGMP. This project follows Schlumberger's evaluation of optimal measurement technologies to propose tailored solutions for each facility and its specific requirements.

Price Action: SLB shares are trading lower by 0.57% at $55.51 and E higher by 1.23% at $32.86 on the last check Monday.

Disclaimer: This content was partially produced with the help of AI tools and was Reviewed And Published By Benzinga Editors.