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

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement