The issue on climate change is tremendously gaining global attention as its impacts have resulted in alarming scenarios. Globally, governments and research organizations have constantly coordinated with many industries with emphasis on the oil and gas sector as it is one of the primary sources of emission. Understanding this transition scenario, oil and gas companies are actively engaging themselves towards adapting measures and technologies that significantly reduce emissions in their process and operations. This research service primarily discusses on the key emission mitigation technologies and its developments that would enhance the pace of the oil and gas sector towards contributing significantly to the issue of climate change. This research service also briefs about current scenario of the emission reduction developments, its drivers and challenges that the industry needs to address for establishing a low carbon future.