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Oil and Gas Majors Agree on GHG Emissions Cuts (Int'l. Report)
Oil and Gas Climate Initiative
Date: 2020-11-13
As previously reported, the 12-member Oil and Gas Climate Initiative (OGCI) is reported to have agreed to reduce the average carbon intensity of their aggregated upstream oil and gas operations to between 20 kg and 21 kg of CO2 equivalent (CO2e) per barrel of oil by 2025.

OGCI members include: Saudi Aramco, ExxonMobil, BP, China's CNPC, Total, Chevron, Royal Dutch Shell, Repsol, Petrobras, Occidental Petroleum, Eni and Equinor. (Source: OGCI, July, 2020) Contact: Oil and Gas Climate Initiative, +44 (0)203 922 0853, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News Oil and Gas Climate Initiative news,  Carbon Emissions news,  


Oil and Gas Majors Agree on GHG Emissions Cuts (Int'l. Report)
Oil and Gas Climate Initiative
Date: 2020-07-22
The 12-member Oil and Gas Climate Initiative (OGCI) is reported to have agreed to reduce the average carbon intensity of their aggregated upstream oil and gas operations to between 20 kg and 21 kg of CO2 equivalent (CO2e) per barrel of oil by 2025.

OGCI members include: Saudi Aramco, ExxonMobil, BP, China's CNPC, Total, Chevron, Royal Dutch Shell, Repsol, Petrobras, Occidental Petroleum, Eni and Equinor. (Source: OGCI, July, 2020) Contact: Oil and Gas Climate Initiative, +44 (0)203 922 0853, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News Oil and Gas Climate Initiative,  Carbon Emissions,  


Net Zero Teesside Project Consortium Announced (Int'l. Report)
OGCI Climate Investments
Date: 2020-03-04
OGCI Climate Investments, a $1-billion investment fund of The Oil and Gas Climate Initiative, is reporting the formation of a consortium of OGCI members -- BP, Eni, Equinor, Shell, and Total -- to accelerate the development of the Net Zero Teesside carbon capture, utilization, and storage (CCUS) project in the northeast of England.

Net Zero Teeside aims to capture up to 6 mtpa of CO2 emissions from local industries. There are also plans for a combined-cycle gas turbine (CCGT) facility with carbon capture technology which will provide low-carbon power as a complement to renewable energy sources and underpin the investment in the infrastructure. Net Zero Teesside also said it signed memorandums of understanding (MOUs) with three existing industrial partners demonstrating the strong local commitment to decarbonizing existing local industry. (Source: OGCI, OIL GAS Facilities, 2 Mar., 2020)Contact: OGCI Climate Investments, +44 (0) 203 922 0853, contact@climateinvestments.energy, www. oilandgasclimateinitiative.com › climate-investments; Oil and Gas Climate Initiative, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News CCUS,  Teeside,  Oil and Gas Climate Initiative,  ,  


Oil & Gas Climate Initiative Commits to Cutting Emissions (Int'l)
Oil and Gas Climate Initiative
Date: 2019-10-28
In London, the thirteen-member Oil and Gas Climate Initiative (OGCI) is reporting a $1 billion commitment to support the goals of the Paris Climate Accord -- including investments in carbon capture, use and storage (CCUS) and supporting carbon taxes and economic incentives aimed at reducing emissions.

Initially, OGCI will help decarbonize multiple industrial hubs in the United States, United Kingdom, Norway, the Netherlands and China. The OGCI also aims to build on the industry's reduction in methane emissions (9 pct in 2018) and to include carbon emissions in hope that future temperature increases will not exceed 2 degrees Celsius. To complement its methane emissions-intensity target, OGCI seeks to reduce collective average carbon intensity by 2025.

The OGCI member companies -- BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total -- account for 32 pct of global operated oil and gas production, according to the OGCI website. (Source: OGCI, Alex Mills, Tims Record News, 28 Oct., 2019) Contact: Oil and Gas Climate Initiative, +44 (0)203 922 0853, contact@climateinvestments.energy, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News Oil and Gas Climate Initiative ,  


Wood Plc Leads Major Carbon-Capture Engineering Project (Int'l)
Wood plc
Date: 2019-03-27
Aberdeen, Scotland-based global engineering giant Wood plc is reporting receipt of a multi-million-dollar contract from the Oil and Gas Climate Initiative Climate Investments (OGCI CI) for conceptual engineering for its gas power and industrial carbon capture (CCS) project. The project was first announced in 2016.

Wood will lead this first-of-a-kind project which aims to reduce CO2 emissions. The industrial carbon capture design will initially cover five of the principal industrial emitters of CO2: the production of hydrogen, fertilizer, petrochemicals, cement and steel.

Climate Investments is a $1 billion plus fund investing in technologies and business models to lower the carbon footprint of the energy and industrial sectors and their value chains. The fund was created by the CEOs of the Oil and Gas Climate Initiative to take practical action on climate change. They invest in innovative companies that are ready to be commercialized and collaborate with global co-investors and industrials to achieve speed and scale. (Source: Wood Plc, Chemical Engineering, 26 Mar., 2019) Contact: Wood Plc, Bob MacDonald, CEO, Technical Solutions, www.woodplc.com; OGCI CI, https://oilandgasclimateinitiative.com/climate-investments

More Low-Carbon Energy News Carbon Capture,  CO2,  CCS,  


Oil, Gas Players Pledge to Slash Methane Emissions (Ind. Report)
Oil and Gas Climate Initiative
Date: 2018-09-26
The 13-member Oil and Gas Climate Initiative (OGCI) -- which includes Exxon Mobil, Chevron and others -- reports it is committed to cutting methane emissions to an intensity of 0.25 pct of all fossil fuel the group's member companies produces by 2025. The pledge could be cut further to 0.2 pct intensity, which would echo targets set individually by group members BP, Royal Dutch Shell and XOM to reduce methane emissions.

The OGCI, which also counts France's Total as well as national oil companies of China, Mexico, Brazil and Saudi Arabia among its members, represents nearly a third of global oil and gas production. (Source: OGCI Website, Seeking Alpha, 24 Sept., 2018) Contact: Oil and Gas Climate Initiative, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News Oil and Gas Climate Initiative,  

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