+
Cairn becomes India’s 1st oil & gas company to join UNEP’s OGMP 2.0
OIL & GAS

Cairn becomes India’s 1st oil & gas company to join UNEP’s OGMP 2.0

Cairn Oil & Gas, part of Vedanta Group, has become the first oil and gas producer in India to sign a memorandum of understanding (MoU) with the United Nations Environment Programme's flagship methane reporting and mitigation initiative, Oil & Gas Methane Partnership (OGMP) 2.0. This commitment marks Cairn’s dedication to reducing methane emissions in line with global sustainability goals.

OGMP 2.0 provides a comprehensive framework for managing methane emissions, focusing on accurate measurement, reporting, and verification (MRV) to drive effective reductions. Under the MoU, Cairn will establish a five-year methane reduction target and transparently report its progress to OGMP, aiming to mitigate emissions cost-effectively while working towards a Net Zero Carbon goal by 2030.

OGMP 2.0 covers over 40% of global oil and gas production, helping companies enhance the quality and accuracy of emissions data. Giulia Ferrini, Programme Manager at OGMP 2.0, welcomed Cairn's participation, hoping it would inspire more companies in India to join and contribute to improving methane emissions reporting and management.

This partnership supports global initiatives like the Paris Agreement and the Global Methane Pledge, which aims to reduce methane emissions by 30% by 2030. Hitesh Vaid, CFO of Cairn Oil & Gas, emphasized the company’s broader ESG strategy, including renewable energy integration, carbon capture, and nature-based carbon solutions. With this commitment, Cairn is pushing for an industry-wide transformation towards responsible, sustainable energy practices.

Cairn Oil & Gas, part of Vedanta Group, has become the first oil and gas producer in India to sign a memorandum of understanding (MoU) with the United Nations Environment Programme's flagship methane reporting and mitigation initiative, Oil & Gas Methane Partnership (OGMP) 2.0. This commitment marks Cairn’s dedication to reducing methane emissions in line with global sustainability goals.OGMP 2.0 provides a comprehensive framework for managing methane emissions, focusing on accurate measurement, reporting, and verification (MRV) to drive effective reductions. Under the MoU, Cairn will establish a five-year methane reduction target and transparently report its progress to OGMP, aiming to mitigate emissions cost-effectively while working towards a Net Zero Carbon goal by 2030.OGMP 2.0 covers over 40% of global oil and gas production, helping companies enhance the quality and accuracy of emissions data. Giulia Ferrini, Programme Manager at OGMP 2.0, welcomed Cairn's participation, hoping it would inspire more companies in India to join and contribute to improving methane emissions reporting and management.This partnership supports global initiatives like the Paris Agreement and the Global Methane Pledge, which aims to reduce methane emissions by 30% by 2030. Hitesh Vaid, CFO of Cairn Oil & Gas, emphasized the company’s broader ESG strategy, including renewable energy integration, carbon capture, and nature-based carbon solutions. With this commitment, Cairn is pushing for an industry-wide transformation towards responsible, sustainable energy practices.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code