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