The firms have agreed to try and reduce flaring
OGCI members cut emissions
Big oil and gas firms are making progress on carbon intensity and methane emissions
The 12 member companies of the Oil and Gas Climate Initiative (OGCI) have reduced their upstream methane emissions by 44pc and scope one carbon emissions by 18pc since 2017, according to the initiative’s annual report, published today. The OGCI members are Saudi state-owned Aramco, Chinese state-controlled CNPC, Italy’s Eni, Norwegian state-owned Equinor, US superindie Occidental Petroleum, Brazilian NOC Petrobras, Spain’s Repsol, and majors ExxonMobil, BP, Chevron, Shell and TotalEnergies. The aggregate methane intensity of OGCI member companies is now 0.17pc, down from 0.3pc from the baseline year of 2017 and well below the 2025 target of 0.2pc. “Eliminating methane emissions from oi
Also in this section
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
2 June 2025
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
