Cairn Oil & Gas first join UNEP for methane reduction

06 Nov 2024 CW Team

Cairn Oil & Gas, a Vedanta Group company, has signed a Memorandum of Understanding (MoU) with the United Nations Environment Programme’s (UNEP) Oil & Gas Methane Partnership (OGMP) 2.0, marking India’s first commitment by an oil and gas producer to reduce methane emissions under UNEP’s flagship programme. The partnership aligns with Cairn’s goal to decarbonise operations, advancing towards Net Zero Carbon by 2030.

Under the MoU, Cairn will implement a five-year methane reduction target and report its progress to OGMP, establishing transparent data that supports emissions management. “We are thrilled to welcome our first member from India,” said Giulia Ferrini, OGMP 2.0 Programme Manager. “We hope Cairn’s commitment will inspire other companies from the country to join OGMP 2.0 and contribute to improving methane emissions reporting and management practices in the oil and gas sector.”

Cairn’s participation in OGMP 2.0 adds to the initiative’s coverage, which encompasses over 40% of global oil and gas production. Cairn’s Chief Financial Officer, Hitesh Vaid, noted, “We are excited to join UNEP’s OGMP 2.0 to set and achieve our methane reduction targets. Our multi-faceted ESG strategy…highlights the extent of our dedication towards both the environment and India’s energy security.” Vaid reiterated Cairn’s pledge to reduce methane emissions while aiming for Net Zero by 2030.

Earlier this year, Cairn announced its acceleration toward net zero, building on its achievements in reducing gas flaring volumes by 60% over four years and optimizing processes to minimize emissions. The OGMP 2.0 framework supports the goals of the Paris Agreement and Global Methane Pledge, which targets a 30% global methane reduction by 2030.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..