We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Chevron signs MOU with Egypt on methane management

GO NET ZERO ENERGY

Chevron signs MOU with Egypt on methane management

Source: Chevron

The MoU, witnessed by Clay Neff, president of Chevron International Exploration and Production and H.E. the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, builds on the Sharm El Sheikh Oil & Gas Methane Reduction Roadmap that was announced by El Molla during Decarbonization Day at COP 27 in November 2022. It is aligned with Egypt’s membership in the oil and gas track of the Global Methane Pledge.

Decarbonization is a core element of the Egyptian Ministry of Petroleum and Mineral Resources’ strategy. Due to its significant global warming potential, reducing methane emissions is key to supporting positive climate action. Therefore, we are prioritizing the reduction of methane emissions from Egypt’s oil and gas sector, in line with Egypt’s membership in the Global Methane Pledge. Building on the success of COP27 Decarbonization Day, we will collaborate with our strategic partners like Chevron to further drive emissions reduction and reduce the carbon footprint of our hydrocarbon resources.

H.E. Eng. Tarek El Molla

The MoU includes methane and decarbonization study tours and workshops for MOPMR employees at Chevron facilities in the US and other locations, to build awareness of methane control technologies, measurement practices and projects to effectively reduce carbon emissions.

Chevron believes that reducing the carbon intensity of our industry is an important step to address climate change and collaboration is imperative. Since last year we have been working with the Egyptian Ministry of Petroleum and Mineral Resources on an agreement related to developing and strengthening best practices on methane abatement. Together we recognize the importance of programs which will support Ministry employees to expand the necessary skills and knowledge to advance a methane management and ultimately a carbon reduction strategy in Egypt’s energy sector.

Clay Neff, president of Chevron International Exploration

Chevron’s ambition is to be a global leader in methane emissions performance, and the company is taking action to meet that aim. Chevron’s upstream methane intensity has been reduced by 50% since 2016.

Chevron’s history in Egypt dates to 1937 and today, it is present in all sectors of the value chain; upstream, midstream and downstream.

Relevant news

GO DIGITAL ENERGY
Chevron picks Kongsberg to digitalise its global assets
Chevron hired Kongsberg Digital to develop digital twin technology for global assets.
GO NET ZERO ENERGY
OGCI members’ upstream methane intensity down, investments in low carbon up
OGCI, it  has reduced methane emissions by 40% since 2017 with low carbon solutions.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
CP Chem to export majority of HDPE output from $8.5bn Texas cracker project – CEO
Chevron Phillips Chemical plans to export polyethylene from its future joint venture in Texas.
GO DIGITAL ENERGY
Identifying and reducing methane emissions through digital inspection
Inflation Reduction Act is influencing how the energy industry will approach facility operations and maintenance.
GO HYDROGEN
Fortescue proposes 9.2 GW green hydrogen project in Egypt
Egypt with new plans to develop a 9.2 GW wind and solar facility.
GO DIGITAL ENERGY
Methane intensity reporting methodology validated by third party
Methane have been analyzed and validated as efficacious by ERM CVS.