How SLB & Aramco Drive Digital Solutions for Sustainability
As the pressure to reduce greenhouse gas emissions in industrial sectors continues to rise, SLB and Aramco are working together to develop innovative digital technologies to make this happen.
This collaboration reflects a growing commitment within the wider energy industry to enhance sustainability efforts and address climate change through advanced data-driven solutions.
By leveraging their combined expertise, both companies will make significant strides toward a more sustainable future.
SLB and Aramco create digital sustainability technologies
Building on a previous collaboration announced two years ago, SLB and Aramco will work together in co-developing, commercialising and utilising digital solutions to help mitigate greenhouse gas emissions, particularly across the industrial landscape — one of the world’s worst offending. These solutions are to be integrated within SLB’s digital sustainability platform.
“Data is essential to support increasing calls for emissions transparency and taking decisive actions on decarbonisation investments,” Rakesh Jaggi, President of Digital and Integration at SLB said. “The digital sustainability platform provides the means to leverage data at scale to drive emission reduction outcomes.
“We aim to expand the SLB suite of solutions with Aramco’s innovative technologies.”
Walid A. Al Naeem, Aramco Engineering VP & Chief Engineer, added: “For several years, Aramco has been working towards mitigating greenhouse gas emissions from its operations with its own internally developed technologies.
“This agreement marks another milestone in our partnership with SLB, to bring our innovation and expertise to the global energy and industrial market.”
How will this partnership reduce greenhouse gas emissions?
By establishing a framework to develop several digital solutions on SLB’s digital sustainability platform, both SLB and Aramco will forge solutions which will have positive environmental impact.
These include Aramco’s in-house Combined Heat Power (CHP) optimisation solution. This technology has the ability to improve energy efficiency.
Similarly, the Flare Monitoring System (FMS) solution is anticipated to mitigate field emissions. SLba nd Aramco have also co-developed a new decarbonisation planning solution which will facilitate the forecasting of emissions. This will also boast capabilities such as simulating scenarios that aim to determine optimal greenhouse gas emission mitigation pathways.
Greenhouse gas emissions: The data
International Energy Agency (IEA) findings suggest that global energy-related CO2 emissions reached a record high of 36.8Gt in 2022 — a 0.9% increase from 2021. This is primarily attributed to the power and transport sectors.
The IEA also stresses how industrial processes are significant contributors to global greenhouse gas emissions with alternate sets of data.
The body reports that global CO₂ emissions from the industrial sector rebounded to 2019 levels in 2021, thanks in part to notable contributions from cement, steel and chemicals production.
Manufacturing and construction, it says, rank among the highest emitters after electricity and transport.
How else are SLB and Aramco working toward a more sustainable future?
As the energy sector becomes increasingly digitised, the threat of cyber criminals also surges.
In response to this, SLB and Palo Alto Networks are working together to tackle rising cyber threats, merging cloud expertise and AI-driven cybersecurity solutions to secure the energy sector.
This digital-centric approach helps SLB drive efficiency and cultivate collaboration for a more sustainable energy industry.
SLB’s CEO Olivier Le Peuch says his role is to “enable our people to deliver their best — innovation, creativity and performance — to respond to the needs of an evolving energy industry”.
Over at state-owned petroleum and natural gas giant Aramco, — the world’s biggest energy business and the third largest company of any kind globally — the company is helping accelerate research and development (R&D) through a decade-long strategic partnership with King Abdullah University of Science and Technology (KAUST).
The partnership will see Aramco inject US$100m into KAUST over a decade-long period.
Aramco’s President and CEO Amin H. Nasser said the investment reflects “our firm belief in the importance of innovation across industries and applications”.
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