abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

12 Nov 2017

Author:
Nigel Topping, We Mean Business

Commentary: Oil and gas industry needs to tackle methane emissions

"It's time for the gas majors to tackle methane", 3 Nov 2017

While gas can help drive a switch away from coal, which has potential benefits in stalling the rise in global emissions, there are many uncertainties around how the sector will adapt to the widespread implementation of the Paris Agreement.…With the oil and gas industry being the chief emitter of methane after agriculture, the industry’s seeming inability to tackle the problem raises questions about its future in the low-carbon economy. However…there have been two positive developments that suggest progress can be made.

Firstly, analysis from International Energy Agency (IEA) in its latest World Energy Outlook (WEO) 2017 found that around 40% to 50% of current methane emissions from the oil and gas sector worldwide could be avoided at no net cost…

Secondly, the Oil and Gas Climate Initiative (OGCI), which represents ten of the sector’s largest companies – Reliance, Saudi Aramco, Shell, Eni, CNPC, Pemex, Repsol, Statoil, Total and BP…announced its goal to work towards net zero methane emissions from the gas value chain…

Timeline