Recognizing the need to update the original version of the Guidelines to reflect changing practices, Ipieca and API jointly initiated the development of this second edition of the Guidelines to continue to promote credible, consistent and reliable greenhouse gas (GHG) accounting and reporting practices from oil and gas operations. As with the original, these guidelines are based on the WRI/WBCSD GHG Protocol, but add (and occasionally differ) by providing industry-specific guidance. The new edition holds significantly revised chapters on setting boundaries (including discussion of financial control and clearer reference to Scope 1, 2, and 3 emissions) and the evaluation of industry GHG emissions, including uncertainty. There are also revisions to discussions around reporting emissions over time, de minimis emissions, and normalization. The revised Guidelines have aimed to achieve consistency with the approaches described in the revised Ipieca/API/OGP publication Oil and gas industry guidance on voluntary sustainability reporting.
This document is the second of five greenhouse gas reduction 'project families' in an ongoing process of developing guidelines for project activities of interest to the oil and gas industry. Guidelines are provided for carbon dioxide capture and geological storage as an emission reduction option. The focus is on specific technical considerations and aspects rather than policy considerations.
The purpose of this document is to develop a voluntary framework for assessing GHG emission reductions associated with specific types of oil and natural gas projects, including references to relevant methodologies or guidance.
The online Ipieca-IOGP database provides an introduction to energy efficiency measures for oil and gas facilities, and aims to raise awareness and uptake of such technologies and practices across the industry.
The Ipieca-OGCI Natural climate solutions: high carbon stock ecosystems management guidance supports the Paris Agreement goals by setting out the key principles to help energy companies conserve, enhance and restore the high carbon stock ecosystems where they operate.