Schlumberger's decarbonisation drive includes scope three emissions
Schlumberger pivots portfolio towards net zero
Firm sets aggressive new 2050 decarbonisation promise with rare scope three emissions detail
US oilfield services provider Schlumberger has become the latest oil and gas firm to pledge net-zero emissions by 2050. The decarbonisation drive includes scope three emissions, making Schlumberger the first energy services company to cover indirect customer emissions. The three-pronged company roadmap commits Schlumberger to several interim emissions targets. The company aims to reduce scope one and two emissions by 30pc by 2025, using 2019 as the baseline year. By 2030, Schlumberger expects to cut this down further to 50pc, as well as scope three greenhouse gas emissions by 30pc, before hitting the final net-zero target in 2050. Uniquely, the company is targeting its entire value chain rat
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
