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Oil and Gas Climate Initiative

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Leading technical experts team up to help oil and gas companies meet OGDC methane emissions and flaring goals

December 2, 2023

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.

OGCI: COP28 Oil & Gas Decarbonization Charter an “important milestone” for the industry

December 2, 2023

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’s Crescent Petroleum signs up to Aiming for Zero Methane Emissions Initiative

November 22, 2023

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.

OGCI companies ramp up low-carbon investment, reduce emissions – Annual Report

October 18, 2023

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.

OGCI sets out roadmap to decarbonize refining

October 10, 2023

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.

Momentum builds for Aiming for Zero in Q3

October 9, 2023

To date over 90 companies and organizations have endorsed the initiative to reduce methane emissions from oil and gas operations to near zero.

OGCI partners with IOGP and Ipieca to help operators select methane mitigation technologies

September 25, 2023

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 joins Aiming for Zero Initiative to curb methane emissions in the oil and gas industry

August 30, 2023

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.

OGCI publishes guidance to help oil and gas companies reduce their methane emissions

August 1, 2023

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.

Dana Gas becomes the 20th signatory of the Aiming for Zero Methane Emissions Initiative

July 25, 2023

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.

Support for Aiming for Zero continues to grow in Q2

July 11, 2023

To date over 90 companies and organizations have endorsed the initiative to reduce methane emissions from oil and gas operations to near zero.

OGCI updates CCUS Hub Playbook and expands access to help accelerate industrial decarbonization

June 7, 2023

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 pledges its support for Aiming for Zero Methane Emissions Initiative

May 30, 2023

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.

IEA report Emissions from Oil and Gas Operations in Net Zero Transitions

May 3, 2023

New IEA report highlights the need and means for the oil and gas industry to drastically cut emissions from its operations

Support for Aiming for Zero grows in Q1

April 28, 2023

To date over 80 companies and organizations have endorsed the initiative to reduce methane emissions from oil and gas operations to near zero.

OGCI welcomes US call to step up climate action

April 27, 2023

Following the fourth Major Economies Forum on Energy and Climate, US President Joe Biden unveiled a number of global initiatives, including the Carbon Management Challenge.

OGCI marks first submission to the Global Stocktake

March 23, 2023

OGCI is pleased to announce its contribution to the UNFCCC’s first-ever Global Stocktake.

OGCI, Stena Bulk, GCMD project gets go-ahead to use carbon capture on oil tanker

March 22, 2023

A consortium of global shipping organizations and OGCI have received approval in principle from the American Bureau of Shipping to use a carbon capture system onboard an oil tanker.

OGCI welcomes IEA call to urgently eliminate methane emissions from oil and gas

February 22, 2023

The IEA’s Global Methane Tracker 2023 points to oil and gas methane emissions as one of the best near-term opportunities for climate action.

OGCI study finds biofuels can help decarbonize shipping as part of a range of low-carbon solutions

February 2, 2023

Biofuels have potential to support decarbonization in the international shipping industry as part of a range of solutions and low-carbon technologies.

GHGSat satellite monitoring project in Iraq helps tackle methane emissions at oil fields

January 19, 2023

OGCI’s pilot programme with GHGSat and Carbon Limits demonstrates that satellite technology has significant potential to tackle methane emissions at oil and gas operations.

OGCI releases 2022 Progress Report

December 8, 2022

OGCI's annual Progress Report, Leadership with Impact, showed how the group os translating its three strategic pillars into action.

OGCI members reduce absolute methane emissions by 40% since 2017

October 13, 2022

OGCI's 2021 performance data reveals that member companies’ absolute upstream methane emissions have fallen 40% since 2017.

Project to demonstrate end-to-end shipboard carbon capture

October 5, 2022

The Global Centre for Maritime Decarbonisation, OGCI and Stena Bulk initiated the first stage of a project to demonstrate shipboard carbon capture at scale.

Woodside Energy joins Aiming for Zero

September 26, 2022

Australian producer joins OGCI members, QatarEnergy, Wintershall DEA and Neptune Energy in a bid to achieve near-zero methane emissions by 2030.

Saipem announces its support for Aiming for Zero

September 7, 2022

Italian services giant is the latest company to pledge its support for the OGCI-incubated Aiming for Zero Methane Emissions Initiative.

Schlumberger joins Aiming for Zero Methane Emissions Initiative

September 5, 2022

Global oilfield services giant announced its support for the Aiming for Zero Methane Emissions Initiative, incubated by OGCI.

A new resource to help operators reduce methane emissions from flaring

September 5, 2022

Methane Guiding Principles, in collaboration with the Global Gas Flaring Reduction Partnership and OGCI, has launched the free-to-use Methane Flaring Toolkit.

Three Norwegian organizations join the Aiming for Zero Methane Emissions Initiative

August 31, 2022

Norwegian producer Vår Energi, services company Aibel and industry association Offshore Norge add to Aiming for Zero momentum.

The Aiming for Zero Methane Emissions Initiative attracts a wide range of supporters

July 14, 2022

Companies from across the oil and gas industry pledge to work towards achieving near-zero methane emissions from operated oil and gas assets by 2030.

Two new signatories for Aiming for Zero

July 6, 2022

Wintershall DEA and Neptune Energy are the two newest signatories, aiming to achieve near-zero methane emissions from operated oil and gas assets by 2030.

QatarEnergy joins industry-led initiative aiming to eliminate methane footprint by 2030

June 27, 2022

QatarEnergy joined the 12 member companies of the OGCI in a bid to achieve near-zero methane emissions from operated oil and gas assets by 2030.

Study on carbon storage units and obligations under Article 6 of the Paris Agreement

March 17, 2022

The study analyzes the potential for new mechanisms to incentivize the geological storage of carbon dioxide through international cooperation in the context of Article 6 of the Paris Agreement.

White Paper study shows that CCUS deployment in GCC countries could unlock significant economic potential in the region

March 16, 2022

The study explores the potential of CCUS as a cost-effective decarbonization solution for GCC countries.

OGCI members aim for zero methane emissions from oil and gas operations by 2030

March 8, 2022

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.

OGCI launches The CCUS Hub platform to share learnings and identify new hubs

March 3, 2022

The web-based platform is designed to support regulators, emitters and potential hub developers interested in setting up CCUS hubs globally.

All OGCI member companies have announced net zero ambitions

February 3, 2022

OGCI is delighted that all member companies have now announced their intention to achieve net zero operations, covering Scope 1 and 2 emissions, within the timeframe set by the Paris Agreement.

OGCI releases its 2021 Progress Report

December 14, 2021

This year’s progress report, Accelerating ambition & action, highlights the progress made in 2021 by OGCI and Climate Investments, and explores the initiatives underway.

OGCI and StenaBulk find marine carbon capture to be technically feasible

November 17, 2021

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 CI’s first investment, Net Zero Teesside, selected as one of the UK’s first two carbon capture and storage hubs

October 20, 2021

The East Coast Cluster, including Net Zero Teesside, is led by bp with a consortium of OGCI member companies.

OGCI publishes its aggregate performance data for 2020

October 7, 2021

OGCI has published its updated performance data, covering the four years to 2020. It shows continued progress in reducing greenhouse gas emissions.

New OGCI report on CCUS in China

September 23, 2021

The report looks at the value and opportunities for deployment of CCUS, as China works towards carbon neutrality by 2060.

OGCI sharpens its methane and carbon intensity targets

September 21, 2021

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.

Leadership to accelerate the energy transition– OGCI releases its strategy

September 20, 2021

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.

CO2 Storage Resource Catalogue updated

June 1, 2021

The Catalogue assesses CO2 storage resource sites from the perspective of commercial viability and readiness, as well as technical opportunity,

Funding secured for Net Zero Teesside and other UK hubs

March 17, 2021

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.

New OGCI report on CCUS in Saudi Arabia

March 15, 2021

OGCI’s report looks at the value and opportunities for deployment of CCUS in Saudi Arabia, as it aims to realize a circular carbon economy.

Northern Lights CCUS hub is launched

March 9, 2021

The CO2 transport and storage company Northern Lights JV DA was formally launched in Norway, as an equal partnership between three OGCI member companies – Equinor, Shell and Total.

OGCI’s Position Papers

February 25, 2021

OGCI publishes policy positions on methane regulation, CCUS, NCS, carbon value and Article 6

Bjørn Otto Sverdrup is the new chair of OGCI’s Executive Committee

February 19, 2021

Bjørn Otto Sverdrup is taking over as chair of OGCI’s Executive Committee on February 24, 2021

Oil and Gas Methane Science Studies

January 18, 2021

Findings on methane emissions from a range of oil and gas facilities

OGCI releases its 2020 Progress Report

December 2, 2020

Delivering on a low carbon future covers progress on reducing methane emissions and the introduction of a new carbon intensity target.

Study shows significant potential for carbon capture, use and storage in California

November 9, 2020

76 power and industrial facilities suitable for CCUS

OGCI reports significant progress on aggregate upstream methane and carbon intensity targets

October 19, 2020

OGCI and Stena Bulk collaborate on mobile carbon capture in shipping

October 16, 2020

OGCI and Stena Bulk assess the feasibility of onboard carbon capture.

Deploying methane detection and quantification technologies effectively

October 12, 2020

Joint IOGP-IPIECA-OGCI project to develop industry recommended practices for deploying methane detection and quantification technologies

OGCI publishes a report exploring how low carbon fuels can accelerate decarbonization across the transport sector

July 29, 2020

This report studies the well-to-wheel emissions reduction potential of a broad variety of reformulated, blended and alternative transport fuels.

OGCI launches $1M partnership with Payne Institute to develop new web platform to map gas flaring

July 22, 2020

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.

OGCI sets carbon intensity target

July 15, 2020

This is a further step in support of the Paris Agreement by the companies leading the oil and gas industry response to climate change.

Launch of the world’s first independent catalogue of CO2 storage resource for CCUS

July 1, 2020

The Catalogue aims to become the global repository for all future storage resource assessements.

OGCI and Student Energy launch a series of Regional Dialogues

June 24, 2020

Net Zero Teesside takes step towards delivering the UK’s first zero carbon industrial cluster

March 20, 2020

Last month saw the official launch event of the Net Zero Teesside (NZT) CCUS project in the North East of England.

First findings published from the Oil and Gas Methane Science Studies

March 10, 2020

Scientists measured methane emissions from offshore platforms in the Gulf of Mexico, finding that just 2% of sites were responsible for 20% of emissions.

BP, Eni, Equinor, Shell and Total Energies form consortium to develop the Net Zero Teesside project and accelerate potential of UK’s first zero-carbon cluster

February 28, 2020

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.

Oil and Gas Climate Initiative and key governments crystallise commitment to develop a commercial CCUS industry worldwide

September 23, 2019

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.

Oil and Gas Climate Initiative announces progress towards methane target and new CCUS initiative to scale up actions towards climate goals

September 23, 2019

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.

Oil and Gas Climate Initiative holds workshop on the potential of Carbon Capture, Use and Storage in the Gulf Region

November 6, 2018

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.

Oil and Gas Climate Initiative sets first collective methane target for member companies

September 24, 2018

OGCI companies set a target to reduce by 2025 the collective average methane intensity of aggregated upstream oil and gas operations.

Oil and Gas Climate Initiative welcomes Chevron, ExxonMobil and Occidental Petroleum into its international membership

September 20, 2018

Addition of three US companies expands global reach and impact of OGCI. New member companies raise OGCI’s representation to around 30% of global oil and gas production

Petrobras to join Oil and Gas Climate Initiative (OGCI)

January 26, 2018

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.

World climate and energy leaders gather with OGCI as it announces key outcomes of 2016/17

October 24, 2017

CEOs from OGCI’s member companies and the CEO of its investment arm, OGCI Climate Investments, will meet in London on 27 October to share key outcomes of OGCI’s third year of work.

Pratima Rangarajan appointed first head of OGCI Climate Investments

May 15, 2017

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.

Announcing OGCI Climate Investments

November 4, 2016

The Oil and Gas Climate Initiative announces an investment of $1 billion over the next ten years to develop and accelerate the commercial deployment of innovative low emissions technologies.

CEO Declaration: Accelerating a low emissions future

November 4, 2016

The CEOs of the OGCI’s member companies have made personal commitments to OGCI Climate Investments, in order to make our collaborative efforts the most powerful they can be.

OGCI welcomes the Paris Agreement

December 20, 2015

The members of the Oil and Gas Climate Initiative (OGCI) welcome and support the historic result achieved by 195 nations at the 21st Conference of the Parties (COP21).

OGCI CEOs jointly declare action on climate change

October 16, 2015

The chief executive officers of 10 of the world’s largest oil and gas companies – today declared their collective support for an effective climate change agreement

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