A European Commission proposal aimed at capping fossil fuel subsidies across the EU could have perverse effects by promoting investment in new gas-fired fossil fuel power instead of renewable energies, according to a new study.
The ongoing reform of the Energy Performance of Buildings Directive (EPBD) offers a once-in-a-decade opportunity to make European buildings and cities of today fit for the low pollution, electric transport of tomorrow, writes Teodora Serafimova.
Considered almost dead and buried a few years ago, carbon capture and storage (CCS) is enjoying renewed support among environmentalists, providing fresh hopes that the much decried technology may finally be coming of age and play its part in the fight against climate change.
Doubts about the effectiveness of the European Union’s Emissions Trading System (ETS) resurfaced on Tuesday (19 September) at an energy conference in Estonia, as a low carbon price continues to stymie energy market efforts.
The terms of the Paris Agreement are set in stone, the EU, China and Canada agreed at a summit in Montreal this weekend, while Washington was forced to deny that the US is planning to stay in the accord.
Environmental activists have accused Greece of violating an international convention by directly granting permits to its national energy company and making it impossible for anyone to launch a legal challenge against them.
French Ecology Minister Nicolas Hulot proposed on Wednesday (6 September) a bill to end the modest production of hydrocarbons in France, hoping to lead by example. EURACTIV's partner Ouest France reports.
Norway’s energy giant Statoil is developing a project to store imported industrial CO2 emissions under the sea. Companies in the UK would like to benefit from the technology. EURACTIV’s partner Journal de l’Environnement Reports.
The European Commission on Thursday (17 August) published tighter new standards for the bloc's most polluting power plants, including many large coal-fired power stations, giving them four years to meet the lower emission standards.
The acquisition of a 51% stake in Russia's Eurasia Drilling Co (EDC) by US oilfield services giant Schlumberger "has big problems" in the current political situation, the head of Russia's competition watchdog said yesterday (16 August).
Recent remarks by Russian Energy Minister Aleksandr Novak, who called on oil producers to show greater discipline in adhering to agreed-upon output cuts designed to raise the price of oil, have caught the attention of Kazakhstan.
When it comes to EU energy policy, Warsaw does not always adhere to the letter and the spirit of EU law and tends to select rules a la carte, adapting them to Poland's narrowly-defined interests, writes Danila Bochkarev.
EXCLUSIVE/ Energy guru Igor Yusufov shared his views with EURACTIV.com on the first bilateral meeting between Russian President Vladimir Putin and his US President Donald Trump at the G20 summit, as well as on the global gas and oil business.
A group of financial experts has set out their vision for hardwiring sustainability goals into the European Union’s financial system, calling on 28-country bloc to stop pouring public money into polluting fossil fuels and focus spending on clean energies instead.
The European Commission has just announced it will drop a mechanism to monitor progress in limiting greenhouse gas emissions in the Western Balkans. The decision will make it difficult to track and manage the climate goals in a region that is highly vulnerable to climate change impacts, warns Dragana Mileusnić.
Turkey, a country poor in energy resources, has voiced its ambitions to leverage its geographic position by becoming an even more important crossroads of supply routes and a giant energy hub, saying this would “improve” the EU’s energy security.
Marco Alverà, President of GasNaturally and CEO of SNAM, explains how natural gas can contribute to reaching the EU's climate and energy targets by reducing emissions, tackling energy poverty and integrating renewables into the energy system.
Joint statement points to US decision to withdraw from Paris agreement while other G20 countries see accord as ‘irreversible’, EURACTIV's media partner The Guardian, reports.
25 Years of Sustainable Development
LUKOIL is one of the major international oil and gas companies that accounts for more than 2% of the world's oil production and around 1% of the proven hydrocarbon reserves. Every day millions of consumers in more than 30 countries worldwide buy LUKOIL’s products, energy and heat, improving the quality of their life.
While having the full production cycle, LUKOIL exercises full control over the whole production chain — from oil and gas production to petroleum product sales. LUKOIL's goal is to create new value, maintain high profitability and stability of its business, deliver high return on capital employed for its shareholders by increasing the value of the LUKOIL's assets and the payment of cash dividends.
To achieve these goals, LUKOIL shall use all available opportunities, including further efforts to reduce costs, increase the efficiency of its operations, improve the quality of its products and services and use new advanced technologies.
Taking social responsibility for the efficient use of natural resources in all its earnestness and maintaining favorable environmental conditions in its business, LUKOIL is guided by the highest HSE standards. In its operations the LUKOIL pursues the sustainable development principles and seeks to achieve a good balance between socio-economic and environmental development.
LUKOIL’s corporate mission is to make the energy of natural resources serve the interests of mankind, to efficiently and responsibly develop the unique hydrocarbon fields by providing Company growth, the wellbeing of its employees and community at large.