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December 4, 2024

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Operations

Methane Management: Why It’s Still Good for Oil and Gas Business, Beyond Compliance

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Unlocking Competitive Advantage through Methane Management

As methane emissions face growing scrutiny under both U.S. and international frameworks, oil and gas companies are reevaluating the value of robust emissions management. With evolving requirements, from the EPA’s Waste Emissions Charge (WEC) to the EU Methane Regulation (EU MR) Article 12, operators must balance compliance with efficiency. Yet methane management is more than a regulatory necessity—it’s a strategic investment in operational optimization and resilience.

Compliance-Driven Challenges and the Global Standards Landscape

Managing methane emissions is increasingly complex as operators navigate a diverse regulatory landscape:

With both U.S. and EU requirements in effect, operators face pressures to reduce emissions while also improving accuracy and reliability in data reporting. For operators active across borders, aligning data management and measurement systems with multiple frameworks is essential.

Operational Challenges in the Status Quo

Operators still face significant obstacles in creating accurate Measurement-Informed Inventory (MII), a requirement of both WEC and EU MR standards, due to:

Integrated Solutions for Global Compliance and Operational Efficiency

Implementing an integrated methane management platform is one of the most effective ways for operators to overcome these challenges. By unifying detection, data analytics, and reporting, advanced emissions platforms streamline compliance and reduce operational costs. Core capabilities include:

The Strategic Business Case for Methane Management

Proactive methane management drives not only compliance but also substantial operational and business benefits:

Final Thoughts: Beyond Compliance to Competitive Advantage

For oil and gas operators, emissions management offers significant strategic advantages. Integrated methane management not only addresses complex regulatory requirements under frameworks like WEC and EU MR but also optimizes operations, cutting costs and enhancing market credibility. In a future where sustainability, efficiency, and transparency are increasingly linked, companies that prioritize methane reduction will find themselves better equipped to lead in a dynamic and demanding energy landscape.