Equinor has already eliminated more than 2 million tonnes of annual carbon dioxide emissions from its Norwegian operations over the past decade through a series of energy efficiency initiatives.
Now, to reduce its emissions further and shape its global portfolio in line with the Paris Agreement, it has set out a new series of short-, mid- and long-term climate ambitions. In its Norwegian operations it is targeting an absolute emissions reduction of 40% by 2030 – on the way to near zero carbon emissions by 2050.
The 2030 ambition translates into reductions of more than 5 million tonnes of CO2 equivalent and will be delivered through a combination of energy efficiency measures, electrification projects, consolidation, digitalisation and new value chains such as carbon capture and storage and hydrogen.
Electrification from hydropower and wind is already being installed at a number of offshore fields in Norway. Workers also engage on energy and carbon efficiency as a priority, facilities are compared to share good practice, and progress is visible to all.
As OGCI works towards a carbon intensity target that is consistent with the Paris goals, member companies are drawing on the lessons of Equinor’s experience.
What member companies are doing
Learn more about our member companies’ work to reduce carbon emissions.
Eni – Investing in flaring reduction
Eni is investing heavily in flaring reduction as it progresses toward reducing carbon intensity by 43% by 2025.
Total – Energy efficiency in action
Total’s $300 million Energy Efficiency Plan, introduced in 2018, aims to reduce CO2 emissions by around one million tonnes per year in its refining and chemical operations.
Petrobras – Step change in carbon efficiency
Petrobras has ended all routine flaring in its operated assets by building infrastructure to export or reinject gas.