Norwegian major Equinor and Russia's Rosneft on Sept. 28 signed an agreement to collaborate on carbon management, including potential collaboration on the use of renewables, carbon capture, utilization and storage and low-carbon hydrogen solutions.

Under the agreement, the companies will share experience and explore opportunities within such areas as reduction in flaring and methane emissions, energy efficiency and reporting of greenhouse gas emissions. Additionally, both companies  will join forces to develop low-carbon solutions and reduce the carbon footprint from joint projects, Equinor said Sept. 29.

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

The cooperation covers several joints upstream projects, including the North Komsomolskoye pilot project for viscous oil development in West Siberia. Both companies will engage in joint activities in the area of sustainability based on the United Nations Sustainable Development Goals and recognized ESG frameworks.

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