Halliburton and Siguler Guff introduced the launch of the Envana Software program Companions three way partnership (JV). The JV gives emissions administration software-as-a-service (SaaS) options to trace greenhouse fuel emissions within the oil and fuel trade. The Halliburton-created software program incorporates the corporate’s operational experience and oilfield finest practices. Future Envana merchandise that are actually in lively improvement will help methane detection and quantification administration.
The enterprise’s first providing, Envana Catalyst, is a SaaS system that helps enhance transparency of the environmental influence of drilling, completions and manufacturing operations. It will probably enhance the visibility of greenhouse fuel emissions monitoring and forecasting companywide and may present help for actionable suggestions all through upstream asset life, from planning and design via execution. Envana Catalyst permits customers to decide on the methodologies used to estimate emissions from a library of emissions sources tailor-made to the oil and fuel trade, replace them as wanted, and monitor any adjustments.
With its documented API, Envana Catalyst can combine with present buyer software program to automate emissions forecasting and monitoring, or customers can mannequin emissions manually utilizing the Envana Catalyst interface. Halliburton at the moment makes use of Envana Catalyst to assist monitor and handle the emissions footprint of its services and products.
“Envana gives breakthrough SaaS emissions administration options and is the most recent instance of how innovation provides to sustainability within the oil and fuel trade,” stated Rami Yassine, Senior VP, Halliburton Drilling and Analysis division. “Envana Catalyst gives digital options to generate actionable suggestions for emissions enchancment all through the asset lifecycle.”
Halliburton Landmark will function the channel accomplice for the brand new enterprise by offering gross sales help via its world relationships and attain. Constructed on Halliburton Landmark’s iEnergy hybrid cloud atmosphere, Envana Catalyst delivers emissions knowledge from planning and operations to customers. Envana Catalyst is offered each as a standalone answer and, as extra performance, built-in into E&P workflows inside the Halliburton DecisionSpace 365 suite of merchandise.
“Landmark’s integration of Envana Catalyst to boost present workflows and assist mitigate emissions is an trade first,” stated Nagaraj Srinivasan, Senior VP of Landmark, Halliburton Digital Options, and Consulting. “I’m excited concerning the influence Envana can have within the quickly evolving emissions administration market.”
“The formation of Envana couldn’t have come at a greater time for the power trade. Operators can make the most of Envana to bridge company sustainability with fashions which might be simply built-in from a trusted trade chief,” stated Drew Guff, Co-Managing Accomplice and Chief Funding Officer of Siguler Guff.
“We couldn’t be extra excited to formally announce Envana’s formation,” PR Panigrahi, Managing Director and Head of Vitality Investments of Siguler Guff. “The power trade will profit tremendously from emissions knowledge analytics pushed by synthetic intelligence and machine studying that can information quick and long-term choice making for accountable power improvement.”