The Ipieca monthly article round-up showcases recent sustainability-related achievements, projects and news from Ipieca members and organizations that Ipieca partners with, demonstrating their commitment to advancing environmental and social performance across oil and gas and achieving the UN Sustainable Development Goals.
Highlights from the December edition include member uptake of liquified natural gas (LNG) bunkering to advance decarbonisation of the shipping industry; new Energy Transition Principles from eight leading energy companies; and Kosmos Energy’s social investment to support education in São Tomé and Príncipe.
Member sustainability articles
American Petroleum Institute (API)
The Environmental Partnership launches new programme to reduce flaring
The new performance programme from the Environmental Partnership focuses on flaring reduction in upstream oil and gas operations and will see participating companies advancing best practices and reporting data to ‘inform the future actions needed to minimize flaring’. Fourteen Ipieca members are participants in the Partnership.
BHP and PETRONAS
Progressing decarbonisation of the shipping industry with liquified natural gas (LNG)
In separate endeavours, Ipieca members BHP and PETRONAS are advancing LNG bunkering – the process of fuelling ships with LNG – to help reduce emissions and support implementation of the International Maritime Organisation’s (IMO) 2020 regulations. PETRONAS has completed its first LNG bunkering operation, whilst BHP has awarded its first LNG bunkering contract to Shell, to begin in 2022.
bp, Eni, Equinor, Galp, Occidental, Repsol, Shell and Total
Leading energy companies announce Transition Principles
Eight leading energy companies, including seven Ipieca members, have jointly developed and agreed to implement six Energy Transition Principles to advance industry contributions to the aims of the Paris Agreement. The principles cover emissions reductions and the role of carbon sinks, collaboration with stakeholders, and transparency around climate-related risks and opportunities and membership of industry associations.
ConocoPhillips extends sea drone project to increase marine ecosystems knowledge
A joint venture agreement between ConocoPhillips and Akvaplan-niva will extend the ‘Glider project’ by three more years, enabling ocean drones (gliders) to provide valuable insight into the marine environment and potential impacts from offshore activities.
Hess recognised for climate change stewardship in CDP’s Global Climate Change Report
For the twelfth consecutive year, Hess has earned Leadership status from CDP for its continued commitment to transparent governance, disclosure and management of climate-related risks and opportunities.
Supporting education in São Tomé and Príncipe
Working in collaboration with the Ministry of Education, Culture and Science and ANP-STP (the National Petroleum Agency of São Tomé and Príncipe), Kosmos Energy is building new infrastructure to support education in São Tomé and Príncipe. The project aims to improve access to quality education, reduce the number of students per classroom and prepare students for the future labour market.
Partner sustainability articles
World Business Council for Sustainable Development
Insider perspective: The UN Forum on Business and Human Rights 2020
WBCSD provides a summary of the key takeaways from the ninth edition of the UN Forum on Business and Human Rights, which took place virtually from 16-18 November 2020. The theme was ‘Preventing business-related human rights abuses: The key to a sustainable future for people and planet’.
Related Ipieca resources and news
Found these articles interesting? Learn more about the topics covered through Ipieca’s free good practice guidance, awareness briefings, webinars, news and blogs:
- Preparing effective flare management plans
- ‘Zero Routine Flaring by 2030’: Ipieca supports World Bank initiative
- Joint Industry Guidance on the supply and use of 0.50%-sulphur marine fuel
- Ipieca 2021-24 Strategy: providing a platform to support the energy transition and sustainable development
- Exploring low-emissions pathways: Advancing the Paris Puzzle
- Impacts of oil spills on marine ecology
- Ipieca climate change reporting framework
- Creating successful, sustainable social investment (2nd edition)
- Human Rights Day 2020: Standing up for human rights
- Putting the UN Guiding Principles at the heart of the oil and gas industry
- Human rights due diligence process: a practical guide to implementation for oil and gas companies
- 05 January 2021