STOCK TITAN
The best stock market news and trading tools all in one place—your must-have platform for investing success.
A must-have platform for stock market information, offering the best tools and updates to supercharge your trading.
Your trusted source for the best stock market news, trading tools, and expert advice. Everything traders need, in one place.

Methane Emissions Reduction: TotalEnergies Implements a Worldwide Drone-Based Detection Campaign

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

TotalEnergies (TTE) has launched a global drone-based campaign to detect and quantify methane emissions at its upstream Oil & Gas sites, utilizing its AUSEA technology, developed alongside CNRS and the University of Reims. This initiative aims for a 50% reduction in methane emissions by 2025 and 80% by 2030 compared to 2020 levels. The technology has been successfully tested in Nigeria, Italy, the Republic of the Congo, and the Netherlands. TotalEnergies previously halved its methane emissions from 2010 to 2020 and is committed to maintaining methane intensity below 0.1% across its gas facilities.

Positive
  • Global campaign launched for drone-based methane detection across all upstream Oil & Gas sites.
  • AUSEA technology aims to enhance emission measurement precision and efficiency.
  • Targets set for reducing methane emissions by 50% by 2025 and 80% by 2030 compared to 2020 levels.
  • Previous reductions achieved, halving methane emissions from 2010 to 2020.
Negative
  • None.

PARIS--(BUSINESS WIRE)-- Regulatory News:

As part of its commitment to identify, quantify and reduce methane emissions linked to its operations, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has launched a worldwide drone-based emissions detection and quantification campaign across all its upstream Oil & Gas operated sites. The campaign uses AUSEA technology developed by TotalEnergies, the French National Research Center for Scientific Research (CNRS) and University of Reims Champagne Ardenne.

Since 2017, TotalEnergies has been working with its partners to develop greenhouse gas quantification technology known as AUSEA (for Airborne Ultralight Spectrometer For Environmental Applications). AUSEA consists of a miniature dual sensor mounted on a drone, capable of detecting methane and carbon dioxide emissions, while at the same time identifying their source. Measurements can be taken at all types of industrial facility, whether onshore or offshore, using this technology. It supplements measurements taken using traditional techniques such as infrared cameras, ground sensors and satellite.

After being successfully tested at sites in Nigeria, Italy, the Republic of the Congo and the Netherlands, AUSEA technology is being rolled out this year at all upstream Oil & Gas sites operated by TotalEnergies. The campaign began in early March for African offshore sites, has now been launched in South America and will reach Europe this summer. The campaign is an important step towards achieving a reduction of 50% in methane emissions at Company operated sites by 2025 and of 80% by 2030 (targets in relation to 2020).

“TotalEnergies is committed to moving towards Zero Methane. Considered to be currently the most accurate technology in the world to detect and measure methane emissions, AUSEA will help us to refine our emissions calculations, and to take stronger measures to reduce our emissions even further in order to achieve the targets we have set”, said Namita Shah, President, OneTech of TotalEnergies.

The AUSEA technology is also being further developed to move from a manual to an autonomous mode in order to increase the frequency of methane emission measurements. Its deployment will also be extended to the Company's other activities, particularly at its refineries.

Reducing methane emissions: a priority for TotalEnergies

The Company already halved its methane emissions at its operated sites between 2010 and 2020 by targeting all sources (reductions in flaring, venting, fugitive emissions, etc.) and introducing stricter design criteria for new facilities.

In line with the Glasgow agreements, the Company is setting new targets for its operated methane emissions for the current decade: reduction from 2020 levels of 50% by 2025 and 80% by 2030. The Company has also undertaken to keep methane intensity below 0.1% across its operated gas facilities.

The Company is also enhancing its reporting as part of OGMP 2.0, the second phase of the United Nations Environment Programme’s Oil & Gas Methane Partnership. OGMP 2.0 outlines a reporting framework that encompasses the entire gas value chain and non-operated scope, including a breakdown of emissions by source, information on inventory methodologies and the use of airborne measurement campaigns. In 2021, TotalEnergies was awarded Gold Standard status. The Company is also a signatory of the Methane Guiding Principles.

***

About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

Twitter: @TotalEnergies LinkedIn: TotalEnergies Facebook: TotalEnergies Instagram: TotalEnergies

Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

TotalEnergies

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com

Source: TotalEnergies

FAQ

What is TotalEnergies' methane reduction target for 2025 and 2030?

TotalEnergies aims to reduce methane emissions by 50% by 2025 and 80% by 2030 compared to 2020 levels.

What technology is TotalEnergies using to detect methane emissions?

TotalEnergies is using AUSEA technology, a drone-based emissions detection and quantification system.

In which countries has AUSEA technology been successfully tested?

AUSEA technology has been tested in Nigeria, Italy, the Republic of the Congo, and the Netherlands.

When did TotalEnergies launch its worldwide drone-based emissions detection campaign?

The campaign began in early March, starting with African offshore sites.

What are the goals of TotalEnergies in the context of methane emissions?

TotalEnergies aims for a significant reduction in methane emissions and to keep methane intensity below 0.1% across its operated gas facilities.

TotalEnergies SE

NYSE:TTE

TTE Rankings

TTE Latest News

TTE Stock Data

130.27B
2.26B
0%
7.06%
0.18%
Oil & Gas Integrated
Energy
Link
United States of America
Courbevoie