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    1. Energy Efficiency

    Offshore Oil Driller sets Decarbonization Goals at 50% Reduction by 2030

    June 8, 2022
    The decarbonization actions outlined to achieve this goal include transitioning to renewable electricity at some manufacturing sites, rightsizing of its facilities, spending on infrastructure to reduce emissions, reducing vehicle fleet and identifying oth
    Image credit Dril-Quip
    Dril Quip Subsea Tieback 62a0f930d2f11

    Offshore drilling equipment firm Dril-Quip has set decarbonization targets that align with the goals outlined in the Paris Agreement.

    The firm intends to cut its Scope 1 and Scope 2 emissions by half between 2021 and 2030.

    The decarbonization actions outlined to achieve this goal include transitioning to renewable electricity at some manufacturing sites, rightsizing of its facilities, spending on infrastructure to reduce emissions, reducing vehicle fleet and identifying other electrification opportunities.

    Dril-Quip is aware that 75% of its Scope 3 emissions are from machinery, products and services it purchases and the use of its equipment leased by customers. To address and reduce these emissions, Dril-Quip is working with its suppliers and customers to determine areas in which decarbonization is possible. It is engaging with its key suppliers to reduce upstream emissions in sourcing and with customers to develop solutions to reduce emissions during installation.

    “Additionally, Dril-Quip continues investing in technologies and services that reduce carbon and environmental impact through both internal R&D efforts and collaborations,”

    Dril-Quip's Chief Executive Officer Jeff Bird said. “This is evidenced by our innovative e-Series products that help our customers reduce their carbon footprint, and our recently announced collaboration with Aker Solutions to provide an optimal carbon capture, utilization and storage solution for customers.”

    Dril-Quip provides offshore equipment and services such as casing connectors, mudline suspension, downhole tools, subsea, tie-back and control systems. 

    Subsea Tieback Forum and Exhibition: Happening Feb. 28-March 2, 2023, in Galveston

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.