Moving Together,
Into Tomorrow

A new look at the Oil & Gas Industry in Europe

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.

Our contribution

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.

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.

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.

 

NEWS

Measures chosen by the EU to address high energy prices will impact Europe’s oil and gas industry at a critical time
30.09.2022 Press Release

Measures chosen by the EU to address high energy prices will impact Europe’s oil and gas industry at a critical time

Brussels, 30 September 2022 The ongoing energy crisis puts significant pressure on European citizens and businesses, and warrants rapid and coordinated EU-wide measures which should be appropriate,...
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New study identifies Europe’s supply options to replace Russian gas before 2030
26.09.2022 Press Release

New study identifies Europe’s supply options to replace Russian gas before 2030

Brussels, 26 September 2022 New research released by the International Oil & Gas Producers (IOGP) Europe and the American Petroleum Institute (API) shows Europe can progressively rebalance its...
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Balance, strength and fairness: building blocks for a stronger Union
14.09.2022 Press Release

Balance, strength and fairness: building blocks for a stronger Union

Brussels, 14 September 2022 A permanent solution to the current energy crisis will require a vision built on balance, strength and fairness, by leveraging Europe’s own energy potential and establ...
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Oil & Gas Industry Solutions Towards 2030 and 2050

OUR JOURNEY TO 2050

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