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.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?