Halliburton and Siguler Guff announce JV for emissions management software

Halliburton and Siguler Guff & Company announced the launch of Envana Software Partners, . The new venture provides critical emissions management software-as-a-service solutions to track greenhouse gas emissions in the oil and gas industry and beyond. The Envana digital emissions management solution provides a smarter and more accurate picture of emissions, which gives companies actionable information to manage and reduce their total carbon footprint. The Halliburton-created software incorporates the company’s operational expertise and oilfield best practices. Future Envana products that are now in active development will support methane detection and quantification management. The venture’s first offering, Envana Catalyst, is a SaaS solution that helps increase transparency of the environmental impact of drilling, completions, and production operations. It can improve the visibility of greenhouse gas emissions tracking and forecasting companywide and can provide support for actionable recommendations throughout upstream asset life, from planning and design through execution. Envana Catalyst allows customers to choose the methodologies used to estimate emissions from a library of emissions sources tailored to the oil and gas industry, update them as needed, and track any changes.