LONDON — Neptune Energy has joined the Aiming for Zero Methane Emissions Initiative, which aims to cut greenhouse-gas emissions to near zero by 2030.
The company is working on its own program, targeting zero methane emissions in the same timeframe. Its current methane intensity from its operations, at 0.02%, is said to be one of the lowest in the industry.
Signatories to the Oil and Gas Climate Initiative (OGCI) are pursuing the near- zero methane emissions from their operated assets, also seeking to avoid methane venting and flaring, and to report methane emissions annually and transparently.
Other goals are introducing new technologies for methane monitoring, measurement and mitigation, and supporting implementation of regulations to tackle methane emissions.
Neptune Energy CEO Pete Jones said, “We are deploying a full range of initiatives that include using best available technologies to eliminate routine flaring, upgrading equipment and improving energy efficiency.”
The company has worked with the Environmental Defense Fund to deploy drones to measure methane emissions at its Cygnus gas platform complex in the UK southern North Sea.
Other signatories to the OGCI include majors bp, Eni, Equinor, Exxon Mobil, Repsol, Shell and TotalEnergies. Among the other companies and institutions supporting its aims are Worley, IPIECA and Wood Mackenzie.