Oil and Industry

Electricity 26-09-2017

EU plan to cap fossil fuel subsidies will stymie renewables, power utilities warn

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.

Energy 22-09-2017

Will new EU buildings law help pave the way for an electro-mobile future?

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.

Climate change 20-09-2017

Environmentalists find renewed hope in ‘industrial’ CCS

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.

Emissions Trading System failures sour energy policy efforts

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.

Climate change 18-09-2017

Trump told that Paris Agreement is ‘irreversible and non-negotiable’

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.

Energy 15-09-2017

Green groups say Greece granting illegal permits to polluting plants

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.

Energy 11-09-2017

John Cooper: On fossil fuels, the European public is ‘a little bit misled’

A lot is at stake for the energy security of Europe if political correctness was to dictate imposing one technology against the other, John Cooper, Director General of FuelsEurope told EURACTIV.com.

Climate change 06-09-2017

France bans production of hydrocarbons

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.

Climate change 06-09-2017

Abandoned wells pump thousands of tonnes of ‘fugitive’ emissions into North Sea

Thousands of tonnes of methane could be leaking into the North Sea every year from disused offshore oil and gas wells, according to a new study.

Energy 05-09-2017

MEPs agree to bolster EU’s draft renewable energy target for 2030

The European Parliament’s energy committee confirmed on Monday (4 August) that MEPs want renewable energy targets to be more ambitious than the proposal put forward by the Commission.

Energy 23-08-2017

Carbon capture and storage: Norway still top of the class

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.

Energy 22-08-2017

Fire at Dutch refinery reveals Europe’s dependence on imported diesel

Europe is known to be dependent from imported crude oil. But an incident at the EU’s biggest refinery has shown that the European continent has also become dependent on import of diesel fuel.

Air Pollution 17-08-2017

New EU rules for lower power plant emissions take effect

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.

Energy 17-08-2017

Russian watchdog says Schlumberger-Eurasia Drilling deal ‘has big problems’

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).

Energy 03-08-2017

Kazakhstan’s geopolitical tightrope: Between Russia and the West

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.

Energy 19-07-2017

Poland’s cherry picking of EU energy rules makes no sense

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.

Energy 14-07-2017

Energy guru lifts the veil on first Putin-Trump meeting

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.

Green finance group calls on EU to stop funding fossil fuels

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.

Electricity 12-07-2017

Energy and climate scenarios 2050

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The EU has set a long-term goal of reducing greenhouse gas emissions by 80-95% by 2050. But getting there will be a huge challenge that will require a transformation of our energy system.

Climate change 11-07-2017

Western Balkans cannot track climate action without appropriate monitoring

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.

Energy 11-07-2017

Turkey voices energy ambitions at World Petroleum Congress

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.

Air Pollution 10-07-2017

Daily emissions of cruise ships same as one million cars

Cruise ships can emit as much particulate matter as a million cars every day and the air quality on deck can be as bad as the world’s most polluted cities, according to a new investigation.

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Hitting the gas on energy & climate objectives

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.

Climate change 10-07-2017

G20 leaders’ statement on climate change highlights rift with US

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.

LUKOIL

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.

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