Setting aggressive goals to lower GHG emissions across the upstream and downstream oil and gas sector has become a central priority for the industry, as regulators and operators alike push for faster, more ambitious cuts to emissions, reshaping how wells are developed, refineries are run, and products are transported and processed along the way.
Industry and Regulatory Frameworks: Bodies such as the Oil and Gas Climate Initiative (OGCI) and national regulators have set ambitious targets for the sector to cut greenhouse gas and methane emissions. Commitments like OGCI's aim for near-zero methane emissions and net-zero operations by 2050 are a driving force behind sustainability efforts across upstream production, refining, and distribution.