OGCI Progress Report: Nearly $100 billion in low-carbon investment as members’ total emissions continue to fall
The Oil and Gas Climate Initiative’s (OGCI) member companies continued to reduce total emissions and flaring from operated assets in 2023, while intensifying efforts to help other companies reduce their emissions, according to the group’s annual Progress Report, released today.
New tool assesses economic impact of CCUS projects
OGCI has launched a new online tool designed to assess the socio-economic impact of carbon capture utilization and storage (CCUS) projects on employment and Gross Value Added (GVA) to the UK economy.
Global CO2 storage catalogue updated
OGCI, the Global CCS Institute, the International Association of Oil & Gas Producers and Halliburton have released the fourth update of the CO2 Storage Resource Catalogue. The update brings the total number of carbon dioxide storage resource sites evaluated to 1272 across 54 countries, highlighting the potential of carbon capture and storage (CCS) in mitigating climate change.
OGCI marks a decade of action leading oil and gas sector ambition to reduce emissions
The Oil and Gas Climate Initiative (OGCI), a group of 12 of the world’s leading oil and gas companies, this year marks a decade of collective action, leading the industry’s response to climate change.
Collaboration has helped OGCI accelerate oil industry’s progress toward net zero – CEOs
CEOs from the 12-member Oil and Gas Climate Initiative (OGCI) provided the insights on the activities and impact of OGCI over the last 10 years and the agenda for the future, at this year’s CERAWeek conference in Houston.
OGCI accelerates action to tackle global oil and gas methane emissions
OGCI announced today at COP28 that it has stepped up activities on methane detection and flaring to help more companies reduce methane emissions from their oil and gas operations – one of the best short-term opportunities for the industry to advance the Paris Agreement ambitions.
OGCI: COP28 Oil & Gas Decarbonization Charter an “important milestone” for the industry
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.
OGCI Q3 2023 Newsletter: OGCI Progress Report shows low-carbon investment grows 66%
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.
OGCI companies ramp up low-carbon investment, reduce emissions – Annual Report
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
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.
