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.
IEA report Emissions from Oil and Gas Operations in Net Zero Transitions
New IEA report highlights the need and means for the oil and gas industry to drastically cut emissions from its operations
OGCI welcomes US call to step up climate action
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
OGCI is pleased to announce its contribution to the UNFCCC’s first-ever Global Stocktake.
OGCI releases 2022 Progress Report
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
OGCI’s 2021 performance data reveals that member companies’ absolute upstream methane emissions have fallen 40% since 2017.