The oil and gas industry stands at a critical juncture. How can it address climate change while playing its part in meeting the energy needs of the 21st century? Today this is no longer a question, but rather a new industry imperative that compels a more sustainable approach for developing the earth’s energy resources.

Schlumberger recently announced its Decarbonization Plan, laying out its commitment to achieve net-zero greenhouse-gas (GHG) emissions by 2050. This plan, which aligns with the Paris Agreement to limit global warming to 1.5 degrees Celsius, encompasses Scope 1, 2 and 3 emissions and carbon negative actions, with minimal reliance on offsets or carbon credits.

A key part of this plan is the Transition Technologies portfolio, which is aimed at decarbonizing customer operations and accelerating the path to net zero for the industry.

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