Oil and Industry

Energy 13-11-2018

Spain targets 100% renewable power by 2050

Spain’s government has published a new climate plan that targets a 100% renewable energy electricity system by 2050, with goals that outstrip those adopted by the EU and a ban on new gas and oil exploration.
Energy 12-11-2018

European oil majors better prepared for energy transition than US, Chinese counterparts

Oil majors are “lagging” when it comes to preparing for the low-carbon energy transition, according to a new report from financial watchdog CDP, which nonetheless praised BP, Eni, Equinor, Total, Repsol and Shell for taking the industry’s lead.
Climate change 08-10-2018

‘Most important years in history’: Major UN report sounds last-minute climate alarm

Warming beyond 1.5C will unleash a frightening set of consequences and only a global transformation, beginning now, will avoid it, according to the latest report from scientists at the Intergovernmental Panel on Climate Change (IPCC). EURACTIV's media partner Climate Home News reports.
Global Europe 26-09-2018

US ‘disturbed and deeply disappointed’ by EU over Iran sanctions

Tensions between the United States and the European Union over Iran soared into the open Tuesday (25 September) after the Europeans announced plans for a legal framework to preserve business with Tehran and evade new US sanctions.
Energy 20-08-2018

China defies US pressure as EU parts ways with Iranian oil

China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to fear of reprisals from Washington.
Energy 19-07-2018

UK-backed report identifies ‘viable business models’ for carbon capture technology

Carbon capture utilisation and storage (CCUS) offers “one of the greatest industrial opportunities” for Britain as the world pivots to a low-carbon economy, said Claire Perry, the UK's Energy and Clean Growth Minister.
Energy 13-07-2018

Ireland commits to divesting public funds from fossil fuel companies

Ireland committed to divesting public funds from fossil fuel companies on Thursday after parliament passed a bill forcing the €8.9 billion Ireland Strategic Investment Fund (ISIF) to withdraw money invested in oil, gas and coal.
Climate change 11-07-2018

Equinor: Oil majors have ‘muscle’ to join renewables race

International oil companies have “the financial muscle, the experience, the technical skills, and the supply chain” necessary to take part in the global renewable energy revolution, argues Eirik Waerness of Equinor.
Energy 10-07-2018

Romania adopts offshore energy law, angers majors

Romania’s Chamber of Deputies voted in favour of a new offshore law on Monday evening (10 July) that will impose taxes on oil and gas companies operating in the Black Sea. The ruling party's controversial leader insisted it will help cut reliance on Russian energy imports but oil companies said it might deter new investments.
Global Europe 05-07-2018

EU lawmakers back plan for European Investment Bank work in Iran

EU lawmakers gave approval on Wednesday (4 July) for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned.

G7 countries pour $100bn a year into oil, gas and coal: study

Each year, at least US$100 billion goes to support the production and consumption of oil, gas and coal, according to a major new study published on Monday (4 June). That is despite a promise from all G7 and G20 members to stop subsidising fossil fuels by 2025.
Energy 23-05-2018

Neftohim refinery boss: Europe’s refining sector will consolidate, improve

The number of oil refineries in Europe is likely to decrease but those that remain will be truly competitive, highly technological and highly efficient, Ilshat Sharafutdinov told EURACTIV in an interview.
Energy 08-05-2018

EU warms up to plastic waste ‘recycling’ as transport fuel

A proposal to use non-recyclable plastic waste in the production of transport fuels is picking momentum among EU member states and legislators in the European Parliament, despite warnings from environmentalists.
Energy 25-04-2018

BP confesses ‘mistake’ in forecasting renewable energy growth

The pace at which India – and China in particular – have developed solar power came as a surprise to BP analysts, the company’s chief economist told EURACTIV in an interview.
Economy & Jobs 19-04-2018

Greece launches tender for Hellenic Petroleum privatisation

Greece launched an international tender on Wednesday (18 April) to sell a majority stake in its biggest oil refiner, Hellenic Petroleum, as agreed under its third international bailout.
Energy 06-04-2018

Russia says wider cooperation arrangement with OPEC could be indefinite

Russian Energy Minister Alexander Novak said that an arrangement under which Moscow cooperates with the OPEC oil group could become indefinite once a current deal to curb oil production expires in the end of the year.
Energy 05-04-2018

IEA scenarios ‘inconsistent’ with Paris climate goals, study warns

The International Energy Agency has wrongly guided governments into decisions about oil, gas and coal use that are inconsistent with the long-term climate objectives of the Paris Agreement, according to a new report out on Thursday (5 April).

EU carbon market emissions rise for first time in 7 years in 2017

Emissions regulated under Europe's carbon market rose for the first time in seven years in 2017 due to stronger industrial output, data published on Tuesday (3 April) by the European Commission and examined by carbon analysts showed.
Energy 03-04-2018

Europe watches as US vows to ditch car fuel efficiency rules

The Trump administration on Monday (2 April) rejected an Obama-era plan to make automobiles more fuel efficient, setting off a debate about the EU’s own emission standards, which are currently being discussed in Brussels.
Energy 30-03-2018

Offshore oil facing countdown to comply with new EU safety rules

Oil companies operating in European waters are racing to comply with a 19 July deadline to implement new EU safety rules on offshore drilling adopted in the aftermath of the disastrous BP oil slick in the Gulf of Mexico.
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Energy 28-03-2018

The challenges of the petroleum sector

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How can the refining sector contribute to the reduction of transport greenhouse gas emissions and the improvement of air quality?
Energy 22-03-2018

Energy efficiency – a game changer for Europe, a responsibility for industry

EU efforts to increase energy efficiency are now entering the sharp end of the legislative process, as trilateral talks ramp up. Nadezda Kokotovic explains what role industry should play in energy saving.

Russia’s economy: Still dependent on oil

After two years of recession caused by lower oil prices and western sanctions, Russia’s recovery benefits Vladimir Putin who is seeking a new term of office.  However this improvement won’t last long without a structural reform. EURACTIV.fr reports.
Energy 16-03-2018

Gas chief: ‘We expect at least 10% of the car market in 2030’

Just as Europe is engaging in a fierce race to electrify transport, makers of natural gas vehicles are coming out with bullish projections, saying they expect their car fleet in Europe to multiply tenfold to 13 million vehicles in 2030 – a 10% market share that could reach 20-30% for trucks and buses.