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 November edition include Baker Hughes’ acquisition of Compact Carbon Capture; a new carbon transport and storage partnership in the UK North Sea; net-zero announcements from ConocoPhillips, Equinor, Occidental, PETRONAS and Wintershall Dea; the conversion of ExxonMobil’s Lena platform into an artificial reef; and Petrobras’ new Guide to ethical conduct for suppliers. We also cover the launch of the Oil and Gas Methane Partnership 2.0, and new research highlighting the need for integrated solutions to interconnected biodiversity and climate challenges.
Member sustainability articles
Abu Dhabi National Oil Company (ADNOC)
Global energy leaders discuss strategies on post-COVID recovery
Over 30 chief executive officers from the world’s leading oil, gas and petrochemical companies were convened to a virtual roundtable on developing industry resilience in the context of the COVID-19 economic recovery and the energy transition. Hosted by ADNOC Group CEO and UAE Minister of Industry and Advanced Technology, His Excellency Dr Sultan Ahmed Al Jaber, and attended by 11 IPIECA member companies, the roundtable identified the need to harness technology to advance environmental performance, and the opportunity for the industry to be part of the solution to climate challenges.
American petroleum institute (API)
Industry reporting guidance improves sustainability performance
In this blog post, API reflects on the role of sustainability reporting in the oil and gas industry. Signposting the IPIECA-API-IOGP Sustainability reporting guidance for the oil and gas industry and the IPIECA 2020 reporting survey results, API highlights the sector’s commitment to sharing best practices and increasing transparency towards advancing ESG stewardship and contributions to sustainable development.
Baker Hughes acquires Compact Carbon Capture to advance industrial decarbonization
Demonstrating a strategic commitment to providing the decarbonization solutions needed for the energy transition, Baker Hughes has announced its acquisition of Compact Carbon Capture (3C). The company specialises in the development of carbon capture technology solutions, which is recognized as one of the key paths to a low-emission future.
bp, Eni, Equinor, Shell and Total
Leading energy companies form partnership to accelerate the development of offshore transport and storage infrastructure for carbon emissions in UK North Sea
IPIECA members bp, Eni, Equinor, Shell and Total, along with National Grid, have joined forces to develop offshore carbon dioxide transport and storage infrastructure to serve the proposed decarbonized industrial clusters, Net Zero Teesside (NZT) and Zero Carbon Humber (ZCH). By supporting the NZT and ZCH projects, the Northern Endurance Partnership is expected to enable the decarbonization of almost 50% of the UK’s industrial emissions.
ConocoPhillips, Equinor, Occidental, PETRONAS and Wintershall Dea
ConocoPhillips, Equinor, Occidental, PETRONAS and Wintershall Dea announce net-zero targets
Five IPIECA members from around the globe have recently launched strategies to reach net-zero emissions. The strategies include mid-century time-based targets as well as increased investment in carbon capture and storage, methane monitoring technologies and renewables.
ExxonMobil platform becomes tallest structure converted to artificial reef in the Gulf of Mexico
Following five years of work with the United States Bureau of Safety and Environmental Enforcement’s Rigs-to-Reefs program and the local Louisiana Department of Wildlife and Fisheries, ExxonMobil’s decommissioned Lena platform is now set to become an artificial deepwater reef. The conversion of decommissioned structures to artificial reefs supports marine ecosystem development and marine-dependent economic activities, contributing to sustainable development.
Neptune to tackle COVID-19 impacts on mental health and youth unemployment
In line with its support of the UN Sustainable Development Goals, Neptune Energy has pledged to support a range of social investment initiatives and charitable organizations that target mental health and youth unemployment issues, both of which have escalated with COVID-19 and its associated economic impacts.
Petrobras approves Guide to ethical conduct for suppliers
In accordance with international best practices and guidelines, Petrobras’ Guide to ethical conduct collates and reaffirms the company’s expectations that business partners and contractors provide decent and safe working conditions for employees; promote diversity, equality and inclusion; combat human and labour rights abuse; and respect the environment.
Partner sustainability articles
United Nations Environment Programme (UNEP), European Commission and Environmental Defense Fund
Second phase of Oil and Gas Methane Partnership launched
Over 62 oil and gas companies, including many IPIECA members, have joined the Oil and Gas Methane Partnership 2.0, which provides a broad methane reporting framework, covering the full oil and gas value chain and all sources of methane emissions. The partnership will enable the sector to monitor and report on methane emissions more effectively, with aims to substantially reduce emissions over the next decade.
UNEP-World Conservation Monitoring Centre (UNEP-WCMC)
New research reveals major benefits of integrated approaches to climate and nature
A new report from UNEP-WCMC and supporting partners highlights the interconnectedness of the biodiversity loss and climate change, demonstrating the need and opportunities for more integrated approaches to the conservation of both biodiversity and carbon stocks.
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:
- COVID-19: Supporting our industry, workers and communities where we operate
- IPIECA-API-IOGP Sustainability reporting guidance for the oil and gas industry
- IPIECA Sustainability reporting survey results 2020
- Exploring low-emissions pathways: Advancing the Paris Puzzle
- Making CCS fly: IPIECA workshop summary
- Making the case for carbon capture and storage
- Methane virtual workshop: science, regulations, voluntary initiatives and global expectations (2020)
- IPIECA-OGCI Methane workshop (2015)
- Exploring methane emissions fact sheet
- Methane glossary
- Biodiversity and ecosystem services fundamentals
- Biodiversity can’t wait
- IPIECA’s work on supply chain
- 30 November 2020