Methane Leak Detection Technology Becoming Popular with Oil "....Synodon says its realSensTM is far better at detecting leaks relative to what oil and gas companies traditionally use. Normally, most pipelines are equipped with sensors that measure flow rates, and when there is a leak, the sensors pick up the drop in pressure. But, a U.S. Department of Transportation report found that these sensors only find leaks about 40% of the time. Synodon’s technology, on the other hand, is much more precise and reliable, the company says.
This positions Synodon well in an era of growing concern about methane leaks. In the U.S., which is expected to see significant growth in natural gas consumption as environmental regulations kick in, methane leakage will come under increasing scrutiny in the coming years, leading to a huge opportunity for leak-detection technologies.
The challenge the company will have moving forward is convincing pipeline companies to pay for the services. Pipeline operators often view the elimination of methane leaks as too expensive – plugging holes costs money, and the lost natural gas doesn’t necessarily have a huge effect on their bottom line.
On the other hand, Synodon argues that its technology could in fact save pipeline companies money. That is because the damage caused by leaks and accidents to public property adds up, and using Synodon’s remote sensing technology could prevent small leaks from getting bigger......"
https://oilprice.com/Finance/investing-and-trading-reports/Methane-Leak-Detection-Technology-Becoming-Popular-with-Oil-and-Gas-Industry.html