This week Equinor and Rosneft signed an agreement on collaboration in carbon management.
The agreement builds on the two companies’ strategic partnership in Russia. Drawing on this longstanding cooperation and aiming to support the goals of the Paris Agreement, Equinor and Rosneft will join forces to develop low-carbon solutions and reduce the carbon footprint from joint projects, Equinor says in a press release.
“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 practices to address climate change,” says Al Cook, executive vice president for Exploration and Production International at Equinor.
Under the agreement, the companies will share experience and explore opportunities within such areas as the reduction in flaring and methane emissions, energy efficiency, and reporting of greenhouse gas emissions.
Rosneft and Equinor are longstanding partners. In 2012, the companies signed a strategic cooperation agreement.