COP28 Dispatch: OGCI accelerates action to cut methane emissions

At COP28 UAE , we announced a step up in OGCI's activities to detect methane emissions and cut routine flaring. Reducing methane emissions to near zero by 2030 is one of the best short-term opportunities for the industry to advance the Paris Agreement ambitions. That's why we're expanding our program to support more companies in detecting and measuring methane emissions.

Our work includes:

• Expanding our flagship Satellite Monitoring Campaign to cover twice as many assets and countries
• Collaborating with The World Bank 's Global Flaring and Methane Reduction (GFMR) Partnership and US-based Payne Institute for Public Policy to launch a more accessible platform on global gas flaring data.
• Read the press release ? or watch this video for a summary ? ?

In case you missed it

OGCI is excited to lead work to set up the Oil & Gas Decarbonization Charter (OGDC) launched last week at COP28. OGCI's Executive Committee Chair, Bj?rn Otto Sverdrup called it an important milestone and said OGCI would share the knowledge and experience gained from a decade of work on emissions reductions. Read the press release ?

What is OGCI doing to support OGDC?

• We've teamed up with leading technical experts from IOGP , Methane Guiding Principles and Environmental Defense Fund to help OGDC signatories and other companies reduce their methane emissions and routine flaring. Read more here ?
• We're supporting the World Bank's GFMR, which many of our member companies have contributed to. The fund will give much-needed support to state-owned oil and gas companies in developing countries so they can reduce their methane emissions. Read more about our work on methane emissions here ?

In other news ...

Colombia's biggest oil producer and Latin America's fourth largest oil company Ecopetrol joined more than 90 companies from the oil and gas industry to commit to Aiming For Zero Methane Emissions Initiative . Read here ?

Bj?rn Otto explained to The Economist how OGCI's successful work to reduce methane emissions demonstrates the opportunity for the energy industry to have a positive - and speedy - impact on the climate challenge. Read the full article here.

Justine Roure , OGCI's Deputy VP Strategy & Policy has been nominated as a Sustainability leader in Gulf Intelligence 's Top 100 Middle East Sustainability Voice report. See Justine's insights on the emissions reductions strategies needed in the Gulf region to create a more sustainable future. Read here ?

Watch OGCI and Ipieca 's video explaining how our joint guidance for natural climate solutions to protect, enhance and restore environments and ecosystems supports the Paris Agreement goals.

Coming up

In 2024, keep an eye out for our report on the opportunities and challenges of developing a major CCUS hub in Brazil, a paper on the utilization of CCUS and an update on our Satellite Monitoring Campaign's work in Kazakhstan, Algeria, Egypt and additional sites in Iraq.

You can also catch us at these events:

• March 18-22, 2024:?CERAWeek in Houston Register ?
• May 15-17, 2024: Future Energy Asia in Bangkok Register ?
• July 1-3, 2024: Global Energy Transition Congress and Exhibition in Milan Register ?