The International Association of Oil and Gas Producers (IOGP), Methane Guiding Principles (MGP), Oil and Gas Climate Initiative (OGCI) and Environmental Defense Fund (EDF) today announced their intention to build a framework to share expertise to help companies reduce methane emissions and flaring in line with the Oil & Gas Decarbonization Charter (OGDC) ambitions.
The Oil and Gas Climate Initiative (OGCI) welcomed the COP28 presidency’s launch of the Oil & Gas Decarbonization Charter (OGDC) calling it an important milestone that will help align the broader oil and gas industry towards a net-zero future.
UAE-headquartered oil and gas company Crescent Petroleum today announced it has become a signatory to the Aiming for Zero, an initiative launched by the Oil and Gas Climate Initiative (OGCI) to encourage the oil and gas industry to cut methane emissions.
A round up of OGCI's progress in leading the industry response to climate change. This edition looks at key highlights from our Progress Report and published reports covering methane mitigation, CCUS and net-zero solutions.
Oil and Gas Climate Initiative (OGCI) member companies stepped up low-carbon investment in 2022 to $24.3 billion and increased activities to help other companies decarbonize while continuing to reduce emissions from operations to meet their target of net zero operations.
A new study from the Oil and Gas Climate Initiative (OGCI) has identified a pathway to significantly reduce greenhouse gas emissions in the refining sector by using low-carbon electricity instead of fossil fuels to power some equipment.
The Oil and Gas Climate Initiative (OGCI), together with industry associations Ipieca and IOGP have released a recommended practices guide to help operators select and deploy methane detection and quantification technologies.
Accenture, a leading global professional services company, has signed as a supporter for Aiming for Zero, an initiative launched by the Oil and Gas Climate Initiative (OGCI) to encourage the oil and gas industry to cut methane emissions.
The Oil and Gas Climate Initiative (OGCI) has set out guidance for oil and gas companies seeking to cut methane emissions to near zero – a vital step to achieving Paris Agreement climate goals and a key focus for the 12-member group.
Natural gas company Dana Gas is the latest signatory to the Aiming for Zero Methane Emissions Initiative. The Middle East’s largest regional private sector natural gas company becomes the 20th producer to commit to achieving near-zero methane emissions from operated oil and gas assets by 2030.
The Oil and Gas Climate Initiative has updated the CCUS Hub Playbook, a step-by-step guide for regulators, emitters, and carbon transport and storage operators who want to build on the experience of carbon capture, utilization and storage (CCUS) hubs already in advanced development.
Bureau Veritas joins over 80 companies, including major oil and gas producers, service companies and leading global consultancies, in pledging to achieve net zero methane emissions from oil and gas operations by 2030.
OGCI today launched the Aiming for Zero Methane Emissions Initiative which calls for an all-in approach that treats energy industry methane emissions as seriously as the industry already treats safety.
A feasibility study conducted by OGCI and Stena Bulk has found that mobile carbon capture in shipping is technically feasible and has a long-term role to play in meeting the industry’s decarbonization targets.
OGCI has revised its collective upstream targets for 2025. These near-term targets support OGCI’s new strategy to accelerate both ambition and action, and reflect progress made in reducing aggregate greenhouse gas emissions since 2017.
In a new strategy to drive deep reductions in greenhouse gases, all OGCI companies announced they share the ambition to achieve net zero emissions from their operations, within the timeframe set by the Paris Agreement.
OGCI Kickstarter hub, Net Zero Teesside, has been awarded funding from the Industrial Decarbonisation Challenge fund, alongside two related industrial consortia – Zero Carbon Humber and the Northern Endurance Partnership.
The Oil and Gas Climate Initiative (OGCI) has today announced a technical and financial sponsorship commitment of nearly $1M USD to the Payne Institute for Public Policy (PIPP) at Colorado School of Mines, to develop a transparent web platform to support real-time mapping and tracking of global gas flaring data.
Net Zero Teesside to announce MoUs with 3 existing industrial partners to decarbonise local industry at the official launch event held in Middlesbrough. An extensive impact assessment on the construction phase of the project estimates an annual gross benefit of up to £450 million for the Teesside region and the support of up to 5,500 direct jobs.
The members of the Oil and Gas Climate Initiative (OGCI) meet senior government representatives from Clean Energy Ministerial Carbon Capture, Utilization and Storage Initiative countries (CEM CCUS Initiative), to reaffirm their intent to catalyse and facilitate the launch of an economically viable, environmentally responsible and safe CCUS industry worldwide.
The Oil and Gas Climate Initiative (OGCI) announced further initiatives to accelerate the reduction of greenhouse gas emissions and support the goals of the Paris Agreement, ahead of OGCI’s annual event in New York City.
The Oil and Gas Climate Initiative (OGCI) is holding a high-level workshop, hosted by Saudi Aramco, to explore the role carbon capture, use and storage (CCUS) can play in Gulf Cooperation Council countries.
The Oil and Gas Climate Initiative (OGCI) and Petróleo Brasileiro S.A. (Petrobras) announced that Petrobras will join the initiative. This commitment is subject to the approval of the OGCI Climate Investments Members’ Agreement by the Petrobras Board of Directors.
The Oil and Gas Climate Initiative (OGCI), the ten-company oil and gas industry initiative whose members represent more than 20% of the world's oil and gas production, has appointed Dr. Pratima Rangarajan as the chief executive officer of its newly-formed investment company, OGCI Climate Investments.
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