Oil and gas giants offer $20m to reduce methane emissions

Companies with technologies and business models in the areas of methane detection, measurement and mitigation are being invited to submit their proposals

Oil and gas majors invest in UK carbon utilisation firm

  A group of 10 major oil and gas companies is investing in a carbon utilisation firm in the UK. Pratima Rangarajan, CEO of the Oil and Gas Climate Initiative’s (OGCI) $1 billion (£0.7bn) Climate Investments fund made the announcement about the new investment in Econic Technologies at IP Week in London today. The funding […]

Petrobras joins CEO-led oil and gas climate initiative

Petrobras is to join a CEO-led group of oil and gas companies that intends to lead the industry’s response to climate change. The Oil and Gas Climate Initiative (OGCI) aims to increase the ambition, speed and scale of the projects undertaken by individual firms to reduce greenhouse gas emissions and explore new businesses and technologies. […]

Oil and gas giants invest in low emission tech

A $1 billion (£0.7bn) fund created by oil and gas majors to fight climate change has announced its first three investments. The Oil and Gas Climate Initiative (OGCI) is made up of 10 firms including BP, CNPC, Shell, Statoil and Total. Its investment arm, OGCI Climate Investments, is supporting US firm Solidia Technologies to make […]

Oil and gas firms invest $1bn to cut carbon

A group of 10 major oil and gas companies have today announced an investment of $1 billion (£799 million) to accelerate the deployment of innovative low carbon technologies. Over the next 10 years, the Oil and Gas Climate Initiative (OGCI) will fund new projects aiming to significantly reduce emissions by accelerating the deployment of carbon capture, reducing methane emissions […]