Equinor, Rosneft to cooperate on cutting emissions, energy efficiency

Norway's Equinor and Russia's Rosneft will cooperate on cutting emissions of greenhouse gases from their joint projects in Russia, the companies said in a statement.

“Equinor aims to proactively support emissions reductions wherever we invest based on our decades of experience from Norway. We are happy to work together with Rosneft and share best practice to address climate change,” said Al Cook, executive vice president for Exploration and Production International at Equinor.

Under this agreement, the companies will cooperate on reducing  flaring and methane emissions, energy efficiency and reporting of greenhouse gas emissions.

They said they will also “evaluate potential” cooperation envisaging opportunities for the use of renewables, carbon capture, utilization and storage (CCUS) and low-carbon hydrogen solutions.