Abstract The Oil and Gas (O&G) sector is facing unprecedented challenges regarding greenhouse gas (GHG) emissions, urging rapid decarbonization actions in line with global imperatives. This comprehensive review article delves into the crucial role of industry standards in spearheading transformative efforts. It synthesizes findings from a literature review, offering insights into real-world implementation cases within the O&G industry, and integrates perspectives from specialists through qualitative research. Key standards from the International Organization for Standardization (ISO), notably TC 301 and ISO 50001, are highlighted for their pivotal role in promoting energy management systems as essential tools for GHG mitigation. These standards not only advocate for energy-saving practices but also emphasize structured energy management to effectively reduce greenhouse gas (GHG) emissions. Additionally, the influential ISO/TC 67 orchestrates a comprehensive suite of standards tailored for the O&G industry, facilitating its adaptation to evolving technological and environmental landscapes. Complementary collaborative initiatives such as IPIECA, OGCI, and IOGP emerge as vital forces in promoting operational and strategic solutions. Through this review study, the intertwined relationship between energy management and GHG emission reductions is elucidated, underscoring how industry standards and collective efforts can drive the O&G sector towards a more sustainable future in alignment with global environmental ambitions. OG O G (O&G (GHG emissions imperatives realworld real world research ISO, , (ISO) 30 50001 mitigation energysaving saving Additionally ISOTC 6 landscapes IPIECA OGCI solutions study elucidated ambitions (ISO 3 5000 500 50 5