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.

Next Story
Infrastructure Urban

Allcargo Gati Strengthens Doddaballapura’s Industrial Growth

Doddaballapura, once renowned for its silk sarees, has evolved into a major industrial hub, housing an Apparel Park and diverse manufacturing units producing textiles, paints, and machinery. The region’s strategic location and robust infrastructure have attracted national and international companies, boosting Karnataka’s economy.For the past four years, Allcargo Gati has been a key logistics partner, ensuring efficient distribution of goods across India. With a structured supply chain strategy—65 per ent to the north, 15-20 per cent west, 10-15 per cent east, and 5 per cent south—the c..

Next Story
Infrastructure Transport

Kolkata Metro to Suspend Green Line Services on March 8-9

The Kolkata Metro Railway has announced a complete traffic block on the East West Metro Corridor (Green Line) on March 8 and 9 for testing the Communication-Based Train Control (CBTC) system. Services will also be partially disrupted on the evening of March 7 and the morning of March 10. The Green Line, India’s first underwater metro tunnel and home to the country’s deepest metro shaft, runs from Howrah Maidan to Salt Lake Sector V. This line’s first phase was inaugurated in 2020 by then Railway Minister Piyush Goyal. Additionally, the Kolkata Metro recently introduced a paper ..

Next Story
Infrastructure Urban

India and Nepal Sign MoU to Strengthen WASH Sector Cooperation

India and Nepal signed a Memorandum of Understanding (MoU) on March 3, 2025, to enhance cooperation in the Water, Sanitation, and Hygiene (WASH) sector, including waste management. The signing ceremony took place at Sushma Swaraj Bhawan in New Delhi, attended by India’s Union Minister of Jal Shakti, CR Patil, and Nepal’s Minister of Water Supply, Pradeep Yadav. The agreement aims to foster collaboration between the two countries to improve access to clean drinking water and sanitation. It outlines key areas of cooperation such as capacity-building programs for Nepali personnel, techno..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?