National oil companies and methane reductions: How to meet 2030 goals

An areal shot of an engineer in dark overalls and a yellow hard hat walking through an oil facility whilst working on a hand held device. There is a bright yellow pipe running alongside them.

This paper examines what companies must do to realize their plans and raise their ambitions, and which types of partnerships can help accelerate these changes. It summarizes the importance of methane reductions by state oil companies, outlines their climate and methane reduction commitments, and analyzes the progress and emissions reductions pathways that will be necessary to meet these important goals. The paper also highlights case studies of effective collaboration with these companies to promote methane reductions, including stories of how various NOCs have engaged with external actors. It is designed for those aiming to understand the specific actions NOCs need to take, the partnerships that can drive those actions, and the necessary progress toward meeting methane reduction targets for 2030. It provides insights into how NOCs can align with global commitments, like the Global Methane Pledge, and emphasizes the importance of international collaboration for achieving significant emission reductions.

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Region
Global
Published
2024
Resource Type
Technical report
Category
Methane abatement strategies
Sub-Category
Operational guidance | Regulations
Segment
N/A
Equipment
N/A
OGCI activities

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