15-02-2022
Baker Hughes collaborates with Egyptian General Petroleum on a flare recovery initiative
Baker Hughes has signed a Memorandum of Understanding (MoU) at the 2022 Egypt Petroleum Show (EGYPS) with the Egyptian General Petroleum Corporation (EGPC) that aims to establish and drive a flare recovery initiative to support emissions recovery and reduction across Egypt’s upstream and downstream oil and gas operations.
To enable flare recovery from oil and gas sites across Egypt, Baker Hughes will leverage its portfolio of emissions management solutions including flare management technology, compression, gas turbines, and integrated processing systems that can help in the measurement, management, recovery, and utilization of flare gas.
Through the deployment of Baker Hughes’ emissions management solutions, EGPC will aim to to reduce emissions and improve the efficiency of its oil and gas operations across the country. This will include reducing the amount of gas flared and vented into the environment, enabling EGPC to drive more efficiency by reutilizing the gas that would otherwise go to waste.
In addition, and in support of the Ministry’s Modernization Program, Baker Hughes solutions, including flare.IQ <https://www.bakerhughesds.com/panametrics/flare-control> , will contribute to digitalizing emissions management infrastructure by enabling EGPC to pull critical information about its flare systems to calculate optimum levels of flare efficiency and help reduce methane emissions.
Baker Hughes’ emissions management solutions will support EGPC’s decarbonization strategy, contributing to helping achieve ambitious carbon reduction targets, including positively impacting the quality of life for residents living in areas neighboring refineries.
“As part of Egypt’s sustainable development vision, we are actively exploring opportunities that support our strategy of using clean energy and reducing emissions to accelerate our journey towards net-zero,” said HE Tarek El Molla, Egyptian minister of petroleum and mineral resources. “We are proud of EGPC’s collaboration with Baker Hughes to deploy technologies that can help us manage and recover emissions across oil and gas operations, which is a key pillar in driving the energy transition in Egypt.”
“With a history stretching more than 100 years, Baker Hughes is proud to continue its partnership with Egypt and transform core oil and gas operations,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “We are committed to reaching net-zero by 2050, and our emissions management solutions help our customers reach similar goals and can directly benefit Egypt’s sustainable development vision. We look forward to COP27 being hosted in Egypt, where we will continue to support the country’s climate change agenda, as well as the broader region’s just transition to new and sustainable sources of energy which are vital for its people and economy.”
As Egypt prepares to host COP27 in November 2022, the Ministry of Petroleum and Mineral Resources aims to showcase data and findings from this project during the summit to demonstrate the role of the oil and gas sector in driving the country’s decarbonization initiatives.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024