PETROBRAS – Step change in carbon efficiency
In 2018 Petrobras announced its support for the World Bank’s Zero Routine Flaring by 2030 initiative.
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Sustainably reducing carbon dioxide emissions is the world’s greatest climate challenge – and is at the heart of the transformation of the energy system that OGCI aims to accelerate.
What OGCI is doing
OGCI aims to accelerate the reduction of member companies’ operational emissions and works with a wide range of stakeholders in industry, transport and buildings to accelerate decarbonization solutions.
OGCI’s upstream carbon intensity target
Our target in detail
Includes CO2 and
methane emissionsCovers operated upstream
oil and gas assetsPractical near-term step
Reported and independently reviewed annually
Consistent with support for Paris goals
How we reduce carbon emissions
Improve energy efficiency
Co-generate electricity and useful heat
Zero routine flaring
Electrify operations with renewables where possible
Near zero methane emissions
The OGCI target is to reduce carbon intensity from a collective level of 23 kg of greenhouse gases per barrel of oil or gas (kgCO2e/boe) in 2017 to 20kg by 2025.
OGCI’s upstream carbon intensity target
Our target in detail
Includes CO2 and methane emissions
Covers operated upstream oil and gas assets
Practical near-term step
Reported and independently reviewed annually
Consistent with support for Paris goals
How we reduce carbon emissions
Improve energy efficiency
Co-generate electricity and useful heat
Zero routine flaring
Electrify operations with renewables where possible
Near zero methane emissions
What OGCI member companies are doing to reduce carbon intensity
Member companies are focusing on flaring reduction, efficiency improvements, electrification and the integration of renewables in their operations.
TOTAL – Energy efficiency in action
Total launched its US$300 million Energy Efficiency Plan in 2018, aiming to reduce greenhouse gas emissions in its refining and chemicals operations by around one million tonnes of carbon dioxide per year.
EQUINOR – A world leader in carbon efficiency
Equinor has eliminated 2 million tonnes of annual CO2 emissions from its Norwegian operations over the past decade through energy efficiency initiatives.
ENI – Investing in flaring reduction
Having reduced upstream operated carbon intensity by 20% since 2014, Eni is on track to achieve its company target of 43% reduction by 2025.
CHEVRON – Integrating renewables into oil operations
Chevron’s new solar plant is expected to provide approximately 80% of energy needs at the Lost Hills oil field
TOTAL – The cracker of the future consortium
The Cracker of the Future consortium plans to develop technologies that can heat 800°C+ furnaces with electricity instead of fossil fuels.
What is Climate Investments doing to reduce carbon intensity
We invest in solutions that reduce methane emissions during the production, delivery and usage of oil and gas.
Boston Metal
Boston Metal has developed a novel technology that enables a more efficient, more environmentally sustainable, and less costly production of critical metals, including steel.
Norsepower
Norsepower designs and manufactures mechanical rotor sails that provide auxiliary propulsion power for large ships, reducing their fuel consumption and associated emissions.
XL Fleet Electrification
XL offers hybrid and plug-in hybrid electrification systems that improve fuel economy and reduce emissions in commercial fleet vehicles.
Achates Power
Achates is developing high fuel-efficiency opposed-piston engines that aim to significantly reduce carbon dioxide and nitrogen oxide emissions
75F
75F delivers significant energy savings to commercial buildings with predictive, proactive automation of HVAC and lighting systems through a suite of wireless sensors, equipment controllers and cloud-based software.
