Oil and Industry

Energy 11-01-2018

Synthetic fossil fuels: A dieselgate 2.0 in the making?

Audi, the German car manufacturer, is pitching ‘e-fuels’ as a clean alternative to produce petrol, diesel or gas, without having to extract fossil fuels. Sounds splendid but unfortunately too good to be true, warns Jonas Helseth.

Climate change 09-01-2018

Norway only liable for emissions produced within borders, court rules

Environmental groups have failed in their bid to prevent Norway from issuing exploration licences in the Barents Sea. A court did not agree that the decision breaches the Norwegian constitution, insisting it only applies to emissions produced within the country's borders. EURACTIV’s partner Journal de l’environnement reports.

Energy 20-12-2017

France to bid au revoir to oil and gas exploration by 2040

France’s parliament passed legislation on Tuesday (19 December) requiring all oil and gas exploration and production on French territories to end by 2040, the first time any country has taken such a step.

Energy 05-12-2017

Refiners accuse EU lawmakers of ‘bias’ towards electric vehicles

EU policy on vehicle emissions is biased towards electrification, the trade association FuelsEurope argued on Monday (4 December), as it presented a study suggesting that a gradual switch from diesel to zero-emissions cars would have almost no impact on urban air quality by 2030.

Energy 05-12-2017

Common failures in predicting future oil demand

In a world where technologies are evolving at a blistering pace, many are struggling to make smart choices, especially in the area of transport, writes Pete Harrison.

Energy 30-11-2017

Think tanker: E-mobility push won’t affect EU oil demand significantly until 2040s

The IEA’s latest World Energy Outlook suggests the EU is set to wean itself off oil even as global consumption continues to rise. EURACTIV.com asked Georg Zachmann, a senior fellow at the Brussels-based think tank Bruegel, how he sees oil demand in the EU changing in the coming years.

Energy 30-11-2017

Fair fuel pricing: A test for Europe’s climate ambitions

Is the EU committed enough to increase taxes on fossil fuels? That is a question that needs to be raised now considering the long-running debate on the best measures, including energy taxation, to reduce greenhouse gas emissions, write Kai Schlegelmilch and Zoltán Szabó.

 

Energy 17-11-2017

World’s biggest sovereign wealth fund proposes ditching oil and gas holdings

The Norwegian central bank, which runs the country’s sovereign wealth fund – the world’s biggest – has told its government it should dump its shares in oil and gas companies, in a move that could have significant consequences for the sector. EURACTIV's media partner The Guardian reports.

Climate change 17-11-2017

Climate change fight is great opportunity for Europe’s labourers

For decades, labourers were presented with a false choice: good jobs or a clean environment. They were told that efforts to cut pollution would kill jobs—that they had to choose between clean air and the economy. Now we know better, insists Kathleen Van Brempt.

Climate change 10-11-2017

Civic groups want international carbon tax on overseas polluters

EXCLUSIVE: EU companies investing in oil and gas extraction overseas can reap hefty profits but also threaten global carbon targets. In reaction, a number of civic groups have jointly proposed a carbon tax on products and income derived from overseas extraction.

Energy 02-11-2017

Oil exploration continues unabated in Europe, despite Paris goals

As world leaders prepare to meet for UN climate talks in Bonn, it may come as a surprise that firms are lining up to drill, at great expense, in Europe’s northern waters where output has peaked years ago.

Energy 27-10-2017

Offshore drilling and environmental protection

In early offshore oil and gas activity, drilling wastes were generally discharged from the platforms directly to the sea. Until several decades ago, the seas and oceans were considered as limitless dumping grounds. Today apart from regulatory control, companies adopt voluntary measures to minimise the industry's impact on environment.

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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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