The firms have agreed to try and reduce flaring
OGCI members cut emissions
Big oil and gas firms are making progress on carbon intensity and methane emissions
The 12 member companies of the Oil and Gas Climate Initiative (OGCI) have reduced their upstream methane emissions by 44pc and scope one carbon emissions by 18pc since 2017, according to the initiative’s annual report, published today. The OGCI members are Saudi state-owned Aramco, Chinese state-controlled CNPC, Italy’s Eni, Norwegian state-owned Equinor, US superindie Occidental Petroleum, Brazilian NOC Petrobras, Spain’s Repsol, and majors ExxonMobil, BP, Chevron, Shell and TotalEnergies. The aggregate methane intensity of OGCI member companies is now 0.17pc, down from 0.3pc from the baseline year of 2017 and well below the 2025 target of 0.2pc. “Eliminating methane emissions from oi
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
