Moving Together,
Into Tomorrow
A New Look to the Oil & Gas Industry in Europe

With the European Green Deal, the European Union has signaled its intention to become the world’s first climate neutral continent.

The European Oil & Gas industry supports the EU’s objective of climate neutrality by 2050.

Find out how we do this by reducing our own emissions, supplying cleaner energy, and developing long-term solutions that also help other sectors reduce their own footprint.

With the European Green Deal, the European Union has signaled its intention to become the world’s first climate neutral continent.
The European Oil & Gas industry supports the EU’s objective of climate neutrality by 2050.
Find out how we do this by reducing our own emissions, supplying cleaner energy, and developing long-term solutions that also help other sectors reduce their own footprint.

Our Way Forward

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Reducing Our Carbon Footprint
Reducing the GHG footprint of oil & gas products starts at the well. By minimising production, processing and transport emissions, we can play an active role in reducing energy sector emissions.

To do so, we use a mix of solutions including the electrification of platforms, use of renewables, and by further reducing methane emissions and flaring.

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Supplying Cleaner Energy
To accompany Europe’s energy transition, our portfolios supply an increasing share of natural gas, a cleaner alternative to coal and an enabler of renewable energy Integration.

Our member companies also invest in low-carbon and renewable energies and services which include wind, solar, batteries and biofuels.

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Developing Long-Term Solutions
We have the resources and skills to develop long-term, large-scale carbon Management solutions. We deploy Carbon Capture Use & Storage to help decarbonise hard-to-abate sectors and safeguard their competitiveness.

With CCS, we work to produce clean hydrogen from natural gas. We also invest in carbon offsets through afforestation and forest conservation projects.

Our Way Forward

Banner image
Reducing Our Carbon Footprint
Reducing the GHG footprint of oil & gas products starts at the well. By minimising production, processing and transport emissions, we can play an active role in reducing energy sector emissions.

To do so, we use a mix of solutions including the electrification of platforms, use of renewables, and by further reducing methane emissions and flaring.

Banner image
Supplying Cleaner Energy
To accompany Europe’s energy transition, our portfolios supply an increasing share of natural gas, a cleaner alternative to coal and an enabler of renewable energy Integration.

Our member companies also invest in low-carbon and renewable energies and services which include wind, solar, batteries and biofuels.

Banner image
Developing Long-Term Solutions
We have the resources and skills to develop long-term, large-scale carbon Management solutions. We deploy Carbon Capture Use & Storage to help decarbonise hard-to-abate sectors and safeguard their competitiveness.

With CCS, we work to produce clean hydrogen from natural gas. We also invest in carbon offsets through afforestation and forest conservation projects.

Our Journey to 2050

2020
2030
40 – 55% GHG Target
What we can deliver:
  • Kickstart CCUS early deployment
  • Methane emission Mitigation
  • Electrification of platforms
  • Reduction of flaring
  • Progressive injection of biogas and H2 into the gas grid
  • LNG, CNG and low-carbon liquid fuels in transport
  • Energy Efficiency improvements
2050
Net – Zero Emissions
What we can deliver:
  • Large-scale deployment of CCUS
  • H2 value chain development with decarbonised natural gas
  • H2 and low-carbon fuels in shipping and aviation
  • Carbon sinks to offset remaining emissions
  • Large-scale alternative and renewable energy deployment
Read more about our solutions for 2030 and 2050
 Climate Neutrality

Climate Neutrality

 

 Carbon Capture Use & Storage

Carbon Capture Use & Storage

 

 Methane Emissions

Methane Emissions

 

 Hydrogen

Hydrogen

 

 Sustainable Finance, Reporting & Financial Regulation

Sustainable Finance, Reporting & Financial Regulation

 

 Marine Environment & Offshore Safety

Marine Environment & Offshore Safety

 

 Smart Sector Integration Package

Smart Sector Integration Package

 

 Oil & Gas Reserves

Oil & Gas Reserves

 

 Climate Neutrality

Climate Neutrality

 

 Carbon Capture Use & Storage

Carbon Capture Use & Storage

 

 Methane Emissions

Methane Emissions

 

 Hydrogen

Hydrogen

 

 Sustainable Finance, Reporting & Financial Regulation

Sustainable Finance, Reporting & Financial Regulation

 

 Marine Environment & Offshore Safety

Marine Environment & Offshore Safety

 

 Smart Sector Integration Package

Smart Sector Integration Package

 

 Oil & Gas Reserves

Oil & Gas Reserves

 

 Isn’t phasing out oil & gas the fastest way to become carbon neutral?

Isn’t phasing out oil & gas the fastest way to become carbon neutral?

 

 Why don't we stop investing in oil & gas exploration?

Why don't we stop investing in oil & gas exploration?

 

 What role could oil & gas possibly have in a climate-neutral EU?

What role could oil & gas possibly have in a climate-neutral EU?

 

 Do oil & gas companies invest in non oil and gas activities?

Do oil & gas companies invest in non oil and gas activities?

 

 What does climate neutrality by 2050 really mean?

What does climate neutrality by 2050 really mean?

 

 Is there any oil and gas left in Europe?

Is there any oil and gas left in Europe?

 

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