OGCI (Oil and Gas Climate Initiative)

OGCI (Oil and Gas Climate Initiative)’s annual Progress Report is out now!??? ? As we mark 10 years of progress, OGCI and our member companies are reflecting on a decade of collaboration, commitment and impact in addressing the climate challenge.? ? OGCI Executive Committee Chair Bj?rn Otto Sverdrup commented:?? ? “OGCI’s members are making good progress, individually and collectively. Since 2017, they have together reduced upstream methane emissions by 55%, decreased carbon intensity by 21% and invested almost $100 billion in the energy systems of the future – demonstrating what’s achievable for the oil and gas industry.”? ? In the report, you’ll find our 2023/24 progress and what’s next as we demonstrate the contribution our industry can make to the energy transition. ? ? ?? Download the full report now: https://lnkd.in/ejzbGyhA

OGCI (Oil and Gas Climate Initiative) member companies represent nearly one-third of global oil and gas production.? ? With seven years of data, we’re seeing steady progress in reducing emissions across operations, showing the impact of collective industry action in driving a #NetZero future.? ? Read the key findings of our annual Progress Report below – and download the full report on our website.?? ? ?? https://lnkd.in/e4FAz4Xa

The transport sector is responsible for a quarter of all global CO? emissions from energy use, representing a significant impact on our climate. How do we transform this challenge into opportunity? OGCI (Oil and Gas Climate Initiative) and FEV Consulting's report, Net Zero 2050: Energy Demand Dynamics across the Transportation Sector, outlines the pathway for low-carbon transport, revealing: ?? How technological innovation and policy shifts will reshape transport energy use by 2040 ?? Insights from the EU, US, China and Brazil - markets representing 60% of global transport energy demand ?? Strategic pathways for optimizing renewable energy and alternative fuel adoption across transport modes ?? https://lnkd.in/e_8m2zaV

By working together, OGCI (Oil and Gas Climate Initiative) members have shown that collaboration can help speed the pace of emissions reductions.? ? This past year, we’ve expanded our work to engage more of the industry, sharing insights and tools to help reduce emissions.? ? As Patrick Pouyanné, CEO of member company TotalEnergies, told delegates at #CERAWeek2024: “It should be a collaboration between all of us.”? ? Our annual Progress Report is here! Watch to see the key insights and download the report on our website.

COP reflections: An Eye for Methane and Carbon Limits as a Key Partner for Methane Emissions Management The?COP (Conference of the Parties) event?is always a good time to take stock of the past year and consider what is left to be done in the future. In the methane space, International Methane Emissions Observatory - IMEO has published one of those reference points that allows us to do both. Full report here: https://lnkd.in/dKK3_73j ? As?oil and gas companies continue working towards improving their understanding of methane emissions there is still much to be done on methane issues globally. Carbon Limits has been, and will continue to be a key partner on the road toward methane emissions management, helping to address some of the challenges highlighted in the IMEO report: ??? Communication on the responses to super-emitter detection using satellite remains low but satellites can play a central role in fast climate action. Our team has previously taken part in quick response programs leading to mitigation and can provide an all-around support from the analysis of images, engagement with local teams, capacity building and mitigation assessment. ?? Despite the leaps in methane emissions quantification in the past few years, some work remains to be done on companies’ quantification and reporting journey. Our OGMP experts and free inventory tool, Mist, have been supporting companies to quantify, report and better understand their methane emissions, while supporting the development of internal capacity of reporting team to be able to guide companies through the next steps. ?????? ??? Action in oil and gas is a critical first step to reduce methane emissions, but other sectors also have a key role to play. The expertise of the Carbon Limits team ranges across all sectors with anthropogenic methane emissions, including oil and gas, coal, agriculture and waste. ??? Capacity building continues to play a key role in providing the tools to local methane champions who have the agency to drive change directly in their organizations. Every year, Carbon Limits supports IMEO in delivering its IMEO’s Methane Training Series?to hundreds of these budding methane champions. ? ?? We would like to take this opportunity to thank the different organizations that have made it possible for us to make this support broadly available including Global Methane Hub, OGCI (Oil and Gas Climate Initiative), The Oil & Gas Decarbonization Charter (OGDC), Environmental Defense Fund, Quadrature Climate Foundation, McCall MacBain Foundation, ClimateWorks Foundation and International Methane Emissions Observatory - IMEO. ? We look forward to supporting companies and organizations in leveraging the wealth of methane data that is being made accessible by IMEO’s new data platform. ? Contact us if you would like to partner with us: https://lnkd.in/dE2f-YwW More about Mist: www.mist.carbonlimits.no/ ? #cutmethane #mist #COP29 #methane

In 2023, OGCI (Oil and Gas Climate Initiative) member companies’ total Scope 1 operated greenhouse gas emissions totalled 575 million tonnes of CO2e — a 19% decrease since 2017.? ? Put in perspective, that reduction is the equivalent to taking 32 million cars off the road for an entire year.? ? Swipe to see how our members are driving down carbon intensity ???

We're an Association Partner at the Methane Mitigation America Summit, taking place in two weeks from December 3-5, 2024, in Houston, Texas!??? ? Since 2017, our member companies have reduced upstream methane emissions by over half.?Joining industry peers to exchange insights on detection, measurement and reduction is a valuable opportunity to learn together. Visit the event website to learn more – and register to attend using our exclusive code OGCI20 for 20% off your pass! ? #MethaneMitigationSummit

Introducing OGCI (Oil and Gas Climate Initiative)’s brand-new Performance Data hub! ?? You can now access our emissions and low-carbon investment data more easily than ever before. The hub offers a transparent and flexible way to explore and download our latest performance data in formats that suit your needs. From detailed datasets to specific charts, everything is just a few clicks away. ?? Explore the data and see how it can support you.

OGCI (Oil and Gas Climate Initiative) welcomes today's IMEO report,?which outlines the progress made in #methane transparency and #mitigation and the work which lies ahead. We share the ambition to achieve #nearzero methane #emissions, and we've expanded our?Satellite Monitoring Campaign?(SMC) as part of ongoing efforts to reduce emissions. The SMC identifies and works with operators across the world to identify and mitigate plumes - converting data into action. We look forward to continuing our partnership with UNEP, promoting greater transparency and collaboration as we work to achieve a #sustainable, #lowemission future.

?? Have you downloaded our 2024 Progress Report?? ? Since our launch 10 years ago, we’ve been working hard to accelerate action on methane, CCUS, and other low-carbon technologies. ? ? Our 12 member companies have achieved a lot, demonstrating the impact of industry collaboration can have to advance a net-zero future.? ? Read the key takeaways and download the full report on our website.?? ? ?? https://lnkd.in/ejzbGyhA