Wintershall DEA and Neptune Energy are the two newest signatories to the Aiming for Zero Methane Emissions Initiative, joining QatarEnergy and the 12 member companies of the Oil & Gas Climate Initiative (OGCI) in a bid to achieve near-zero methane emissions from operated oil and gas assets by 2030.
Signatories of the industry-led initiative adopt an all-in approach that treats methane emissions as seriously as the industry already treats safety.
The initiative also counts Baker Hughes, Worley, IPECA, GHGSat, Flare 2 Value, Seek Ops and Carbon Limits as supporters.
OGCI Chair Bob Dudley said: “We are proud to welcome Wintershall DEA and Neptune Energy to the Aiming for Zero Methane Emissions Initiative.
“Recognizing that eliminating methane emissions from the oil and gas industry represents one of the best short-term ways of addressing climate change, I encourage others to join this ambitious effort to eliminate the oil and gas industry’s methane footprint by 2030.”
The Aiming for Zero Methane Emissions Initiative was launched in March 2022 by the CEOs of the OGCI member companies – Saudi Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies.
All energy companies involved in the exploration, extraction and/or production of oil or natural gas can join as Signatories at no financial cost. Other organizations striving to have a positive influence on reducing methane emissions from the oil and gas industry can join as Supporters.
Companies joining the Initiative agree to do what it takes to reach near zero methane emissions in their operations, reporting transparently, adopting better monitoring and measurement technologies and supporting the implementation of sound regulations.