OIL & GAS COMPANIES

Identify methane risks before regulators and NGOs

Orbio equips oil & gas companies with real-time data to preemptively address emission risks, ensuring compliance and safeguarding against regulatory repercussions.

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Why now

Reducing emission risks and fees

The Global Methane Pledge and other international commitments have created a stringent regulatory environment for the oil and gas industry, which will create billions of dollars in emission fees in the U.S. alone.

This is coupled with a huge swath of public data coming online designed to identify bad actors and shame them in the public sphere. These events are only on the rise and being caught out in the media can lead to significant short-term stock drops.

As a result, understanding and managing methane emissions effectively is critical to avoid regulatory penalties and safeguard financial stability.

Identifying emission risks before they become public knowledge

Orbio's advanced data capabilities enable oil and gas companies to identify and monitor emission risks across their global asset portfolios. This ongoing surveillance allows for timely responses to emission events, ensuring compliance and mitigating the risk of regulatory action.

By proactively managing emissions, companies can maintain operational integrity and uphold their environmental commitments.

Case study

Helping a middle-market operator identify emission events that could be picked up by the EPA

Orbio partnered with a middle-market oil and gas company to provide frequent detections of methane emissions across their portfolio. The aim from this study was to better understand which assets in the past have caused emission events which could be picked up by regulatory bodies and NGOs.

This was a US operator whose assets were spread across the Permian Basin. Over a one month period Orbio was able to identify methane emission events from this operators asset base every couple of days, separating their assets from neighboring facilities, and generating a report on which facilities in their asset base were persistent emitters. This helped inform ground operations by the operator to investigate these sites and ensure these large events didn’t happen again.