ConocoPhillips Co. will pilot Qube Technologies Inc.'s emissions monitoring technology at facilities across multiple basins within the continental U.S., a Qube press release announced on April 5.
The deployments will be focused on using Qube’s continuous emissions monitoring hardware to detect emissions and advanced algorithms to prioritize alerts based on estimated releases and location.
"ConocoPhillips is an industry leader and has championed the use of innovative methane detection technologies," Qube CEO Alex MacGregor said in the press release. "We are excited to be working with ConocoPhillips to better understand methane emissions and employ practices to cost effectively reduce such emissions."
Qube's detection sensors continuously monitor for gas leaks and transmit data to the cloud, where it can then be used to reduce emissions with automated reporting and customizable alerts.
Anticipated North American regulation initiatives and standards, in conjunction with voluntary efforts by leading oil and gas companies, have fostered an innovative approach to emissions reduction strategies and targets. Calgary, Alberta-based Qube continues to form partnerships with leading energy companies focused on reducing their carbon footprint while maintaining competitiveness in a global market that is moving toward sustainable production practices and ESG efforts.
Recommended Reading
Minerals Market Growing But Needs More Scale, Consolidation
2024-05-15 - The market value of public minerals and royalties companies has doubled since 2019—but the sector needs to grow even larger to attract generalist investors into the fray, experts say.
ONEOK CEO: ‘Huge Competitive Advantage’ to Upping Permian NGL Capacity
2024-03-27 - ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.
Sitio Royalties Dives Deeper in D-J with $150MM Acquisition
2024-02-29 - Sitio Royalties is deepening its roots in the D-J Basin with a $150 million acquisition—citing regulatory certainty over future development activity in Colorado.
Elk Range Royalties Makes Entry in Appalachia with Three-state Deal
2024-03-28 - NGP-backed Elk Range Royalties signed its first deal for mineral and royalty interests in Appalachia, including locations in Pennsylvania, Ohio and West Virginia.
Daugherty: Diamondback Scales Up Amid Consolidation Super Cycle
2024-03-11 - It’s time for the strongest among the services sector to follow Diamondback's lead: find fortifying prey and hunt.