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The initiative aims to eliminate routine gas flaring in oil production from "governments, companies and development institutions" no later than 2030. Neptune said the endorsement is in line with its broader decarbonization initiatives, which include a targeted carbon intensity of 6 kg CO2/boe and net-zero methane emissions by 2030.

The initiative aims to eliminate routine gas flaring in oil production from "governments, companies and development institutions" no later than 2030. Neptune said the endorsement is in line with its broader decarbonization initiatives, which include a targeted carbon intensity of 6 kg CO2/boe and net-zero methane emissions by 2030.

The companies will work together to develop smart contract solutions for the energy sector, with aims to automate and execute the payment cycle. The partnership's focus will be on creating new contractual models based on milestones such as drilling speed, carbon intensity or fuel usage, all automatically validated through data.

Under the partnership, the companies will collaborate to progress CCS opportunities through the full lifecycle of storage site characterization, front-end engineering and design (FEED) and first injection through life of field operations. The partnership comes after Talos's recent successful award as the operator of the only major offshore carbon sequestration hub in the US.

Fishbones, a well stimulation technology provider, has published findings evaluating the relative carbon emissions footprint between its stimulation options and alternative conventional completion techniques.