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.

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

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.

 

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.

Electricity 29-09-2017

Smoke, mirrors and coal dust  

Making coal power look like a worthy candidate for taxpayer support in a Europe moving to low carbon generation is no easy trick. A recent study tried to pull off this illusion and failed miserably, explains Dave Jones.

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.

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.

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.

G20 05-07-2017

Wind of optimism blows on global climate politics, in spite of Trump

Despite Donald Trump's decision to pull the United States out of the Paris Agreement, it is hard not to feel a sense of optimism on global climate politics as world leaders gather in Hamburg for the G20, writes Taylor Dimsdale.

Energy 05-07-2017

A reality check on power-to-liquids: How not to use renewable energy

By encouraging the use of clean energy sources to produce fossil fuel for cars, the proposed revision of the EU Renewable Energy Directive (RED II) opens the door to massive public subsidies for costly, inefficient and polluting ‘solutions’, warns Jonas Helseth.

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Gas is one of the safest bets for EU’s energy and climate success

Europe will need gas to make renewables work. One of my principal aims as the new president of GasNaturally will be to engage with our partners and policymakers and explain why gas is one of the safest bets if we want EU energy and climate policy to be a success, writes Marco Alverà.

Energy 03-07-2017

Britain’s gas: Let’s focus on efficiency, not fracking

The closure of the UK’s largest gas storage facility along with disruption to Liquefied Natural Gas (LNG) supplies this month puts UK energy at a crossroads, writes Joseph Dutton. Rather than focus on imports or fracking, Britain should pay more attention to decreasing demand and renewable energy, he argues.

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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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