On May 9th, 2024, Honeywell and Weatherford revealed a collaboration to provide the energy industry with an all-encompassing emissions management solution. This partnership integrates Honeywell's emissions management suite with Weatherford's Cygnet SCADA platform, equipping customers with a robust tool to oversee, report, and implement measures aimed at mitigating greenhouse gas emissions, flammable hydrocarbons, and other hazardous and toxic gases.

The cohesive solution empowers upstream oil and gas operators to monitor emissions data nearly instantaneously, pinpoint and resolve potential concerns, and adhere to regulatory standards. Additionally, the partnership grants customers access to cutting-edge analytics and reporting features, facilitating informed decision-making to diminish emissions, enhance environmental efficiency, and achieve environmental objectives.

Pramesh Maheshwari, President of Honeywell Process Solutions, emphasized the significance of the collaboration with Weatherford in providing organizations with tools to measure and mitigate emissions in the energy sector. He stated, "Through the integration of our emissions management solution with Weatherford's well lifecycle technology, our customers can now establish precise targets and monitor real-time progress as they work towards achieving net-zero emissions."

This partnership aligns with Honeywell's overarching mission to assist the energy sector in minimizing its environmental impact. Furthermore, it reinforces Honeywell's commitment to aligning its portfolio with three significant megatrends, including the energy transition.

Girish Saligram, President and CEO of Weatherford, expressed, "This collaboration with Honeywell strengthens our commitment to uniting technological innovation with environmental responsibility. Together, our groundbreaking solution equips customers with advanced tools and actionable insights, empowering them to pursue their sustainability objectives confidently and efficiently."

Honeywell operates as an integrated company catering to various industries and global regions. Its business strategy revolves around three major megatrends: automation, the future of aviation, and energy transition. These are supported by the Honeywell Accelerator operating system and the Honeywell Connected Enterprise integrated software platform. Serving as a reliable partner, Honeywell assists organizations in tackling the world's most challenging issues by offering actionable solutions and innovations through its Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions business segments. In doing so, Honeywell contributes to making the world more intelligent, secure, and environmentally sustainable.

Weatherford International plc, an American publicly traded corporation, operates as a multinational oilfield service company alongside its subsidiaries. It ranks among the largest companies globally in the oil services sector. While its operational headquarters are situated in the United States, its holding company is domiciled in Ireland. Weatherford provides forward-thinking energy services that combine established technologies with cutting-edge digitalization to develop sustainable solutions aimed at maximizing value and return on investment.