Aiming for zero

Category: Big picture

Woodside Energy joins Aiming for Zero

Australian producer Woodside Energy is the latest signatory to the Aiming for Zero Methane Emissions Initiative. It joins QatarEnergy, Wintershall DEA, Neptune Energy and  the 12 member companies of the Oil and Gas Climate Initiative (OGCI) in a bid to achieve near-zero methane emissions from operated oil and gas assets by 2030.

Woodside CEO Meg O’Neill said: “Signing this initiative is an example of our commitment to meeting our own emissions reduction targets, and to encouraging our entire industry to join this effort.

“Minimizing methane emissions has historically been a priority for Woodside. For example, frontline engineering, operations and maintenance staff are empowered to understand and act on methane emissions to support a sustainable ‘find and fix’ philosophy that can be implemented by site personnel,” she added.

OGCI Executive Committee Chair Bjørn Otto Sverdrup said: “I am delighted Woodside Energy has joined the Aiming for Zero Methane Emissions Initiative. Woodside’s commitment further strengthens the initiative, sending a clear signal that the time for incremental change is past.”

Saipem announces its support for Aiming for Zero

Italian services giant Saipem is the latest company to pledge its support for the OGCI-incubated Aiming for Zero Methane Emissions Initiative, which aims to eliminate methane emissions from signatories’ operations by 2030.

Aiming for Zero Methane Emissions Initiative recognizes that virtually all methane emissions from the industry can and should be avoided. It was developed by members of the OGCI, a CEO-led group that aims to speed up the industry’s response to climate change.

Aiming for Zero outlines a clear pathway toward rapid emissions reductions for signatories. But they cannot solve the methane problem on their own. That’s why the initiative is open to supporters who can help them to eliminate their methane footprint – and why the participation of companies such as Saipem is so important.

Mauro Piasere, COO of Saipem with Bjorn Otto Sverdrup

In 2021 oil and gas production was responsible for about 22% of global man-made methane emissions. IEA data show that methane emissions from the energy sector lagged overall growth in energy use last year, but they still grew by about 5%.

Methane, which leaves the atmosphere faster than carbon dioxide but packs a bigger warming punch, is responsible for 30% of the rise in global temperatures since the start of the Industrial Revolution, according to the International Energy Agency (IEA).

Saipem said in a statement, released today, that joining Aiming For Zero is also an important additional step in its path towards decarbonization.

Supporters like Saipem  are key to the initiative – they can enable oil and gas producers to eliminate their methane footprint.

This initiative supplements important multi-stakeholder initiatives, such as the Methane Guiding Principles, the Oil and Gas Methane Partnership 2.0 and the Global Methane Alliance.

Schlumberger signs up to Aiming for Zero Methane Emissions Initiative

Global oilfield services giant Schlumberger announced its support for the Aiming for Zero Methane Emissions Initiative, incubated by OGCI, with the aim of eliminating methane emissions from signatories’ operations by 2030.

As an Aiming for Zero supporter, Schlumberger will work closely with the initiative’s signatories, providing expertise and technology solutions for detection and abatement that can help producers, refiners and marketers meet these methane reduction goals.

“By joining the initiative, Schlumberger’s management sends a strong statement that they share the ambition to eliminate methane leaks from the oil and gas industry,” said Bjørn Otto Sverdrup, chair of OGCI’s executive committee. “Schlumberger has strong partnerships and works with many oil, gas and energy companies, so they will be able to make a very important contribution in reducing emissions more quickly,” he added.

Kahina Abdeli-Galinier, Schlumberger’s emissions business director, said: “Eliminating methane emissions and routine flaring is our chance to show the world that our industry is serious about addressing the climate crisis. As a supporter of the Aiming for Zero initiative, we make a very clear statement to signatory participants that we are aligned with their goals, and we have the expertise and capabilities to help them get to zero methane emissions by 2030 or sooner.”

Signatories of the initiative commit to achieving near-zero methane emissions from their operations by 2030. As part of the commitment, the companies agree to pursue all reasonable means to avoid methane venting and flaring, and to repair detected leaks, while preserving the safety of people and the integrity of operations.Aiming for Zero initiative complements other multistakeholder initiatives, such as the Methane Guiding Principles, the Oil and Gas Methane Partnership 2.0 and the Global Methane Alliance, and does not aim to duplicate their work. The initiative was launched in March this year.

Three Norwegian organizations join the Aiming for Zero Methane Emissions Initiative

The Aiming for Zero Methane Emissions Initiative is gaining momentum, with Norwegian producer Vår Energi, services company Aibel and the industry association Offshore Norge all pledging to work towards achieving near zero methane emissions from operated oil and gas assets by 2030.

Vår Energi, Aibel and Offshore Norge announced their commitment at the ONS conference in Stavanger.

Bjørn Otto Sverdrup, chairman of the Oil & Gas Climate Initiative (OGCI), said: “By joining the initiative, Vår Energi, Aibel and Offshore Norge are declaring that they share the ambition to eliminate methane emissions from the oil and gas industry.

“Their presence strengthens the initiative and sends a clear signal that the time for incremental change is past.”

The Aiming for Zero Methane Emissions Initiative was launched in March 2022 by the CEOs of the OGCI member companies – 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. Other organizations striving to help reduce 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. The initiative’s all-in approach treats methane emissions as seriously as the industry already treats safety.

Methane, which leaves the atmosphere faster than carbon dioxide but packs a bigger warming punch, is responsible for 30% of the rise in global temperatures since the start of the Industrial Revolution, according to the International Energy Agency (IEA).

In 2021 oil and gas production was responsible for 22% of global man-made methane emissions. IEA data show that methane emissions from the energy sector lagged overall growth in energy use last year, but they still grew by about 5%.

The Aiming for Zero Methane Emissions Initiative recognizes that virtually all methane emissions from the industry can and should be avoided. It was developed by members of the OGCI, a CEO-led group that aims to speed up the industry’s response to climate change.

The initiative supplements important multi-stakeholder initiatives, such as the Methane Guiding Principles, the Oil and Gas Methane Partnership 2.0 and the Global Methane Alliance.

There are 16 signatories and 34 supporters of the initiative. As well as the OGCI member companies, signatories include the world’s largest LNG exporter, QatarEnergy, and upstream gas producer, Wintershall. The initiative’s supporters include energy technology giant Baker Hughes, Australian-American engineering company Worley and industry association IPIECA.

Two new signatories for Aiming for Zero

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.

“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.”

Bob Dudley, OGCI Chair

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.

QatarEnergy joins industry-led initiative aiming to eliminate methane footprint by 2030

QatarEnergy today signed up to the Aiming for Zero Methane Emissions Initiative, joining  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. 

QatarEnergy joins 12 existing signatories – Saudi Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies. The initiative also counts IPIECA, Worley, Wood Mackenzie, Highwood Emissions Management, Maze Environmental, Pipeline360, Equitable Origin, ERM, Clarke Valve and OGTECH as supporters.

OGCI Chair Bob Dudley said: “We are proud to welcome QatarEnergy, one of the world’s largest integrated energy providers, 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.” 

His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs in the State of Qatar, the President and CEO of QatarEnergy, said: “By being the first company to join the Aiming for Zero Methane Emissions Initiative, we are reaffirming Qatar’s priorities and commitments with regards to the climate change agenda, and its unwavering support to the global effort to reducing emissions, including methane. 

“This also falls in line with QatarEnergy’s recently announced Sustainability Strategy and follows landmark steps that include signing the guiding principles on reducing methane emissions across the natural gas value chain and endorsing the Global Methane Pledge.”

The Aiming for Zero Methane Emissions Initiative was launched in March 2022 by the CEOs of the OGCI member companies. 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.

OGCI members aim for zero methane emissions from oil and gas operations by 2030

The Oil and Gas Climate Initiative (OGCI) today launched the Aiming for Zero Methane Emissions Initiative which calls for an all-in approach that treats energy industry methane emissions as seriously as the industry already treats safety: aiming for zero and striving to do what is needed to get there.

We recognize that eliminating methane emissions from the upstream oil and gas industry represents one of the best short-term opportunities for contributing to climate change mitigation and for advancing the goals of the Paris Agreement.

The Initiative is already supported by the CEOs of Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies. OGCI encourages all oil and gas companies to join them in this approach.

Signatories to Aiming for Zero Methane Emissions Initiative believe that virtually all methane emissions from the industry can and should be avoided, building on the following:

  1. We will strive to reach near zero methane emissions from our operated oil and gas assets by 2030, and we will encourage our partners to achieve similar results.
  2. We will put in place all reasonable means to avoid methane venting and flaring, and to repair detected leaks, while preserving the safety of people and the integrity of operations.
  3. Signatories will report annually and transparently on their methane emissions.
  4. As technology evolves, we will supplement methane emissions estimates with more monitoring and measurement technologies, and introduce new solutions to avoid methane emissions. We welcome the continued improvement of measurement, reporting and verification (MRV) mechanisms.
  5. We support the implementation of sound regulations to tackle methane emissions and encourage governments to include methane emissions reduction targets as part of their climate strategies.

This leadership initiative supplements important multi-stakeholder initiatives, such as the Methane Guiding Principles, the Oil and Gas Methane Partnership 2.0 and the Global Methane Alliance.

OGCI has already taken significant action to reduce methane emissions, setting targets, developing and deploying technologies and participating in multi-stakeholder initiatives to raise awareness and improve practices. The member companies have reported collective progress on methane since 2017 and have reduced their aggregate absolute methane emissions by more than 30% in the last five years.

OGCI remains committed to its methane intensity target of well below 0.20% by 2025 and will be reviewing its shared targets for 2025 and onwards, to account for this new initiative and its new strategy launched in September 2021.

“We recognize that eliminating methane emissions from the upstream oil and gas industry represents one of the best short-term opportunities for contributing to climate change mitigation and for advancing the goals of the Paris agreement,” said OGCI Chair, Bob Dudley. “The time has come for us to go further, and we believe that the oil and gas industry can and should lead this effort.”

Bjorn Otto Sverdrup, OGCI Executive Committee Chair said, “With this leadership initiative, we are calling for an all-in approach that treats methane emissions as seriously as the oil and gas industry already treats safety: we aim for zero and we will strive to do what is needed to get there. We are encouraging all oil and gas companies to join us in this approach.”