Oil and Industry

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 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.

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.

AXA sustainability chief: Penalties for fossil fuel assets ‘merit close attention’

The European Commission’s High-Level Group on sustainable finance is currently looking at the pros and cons of slapping “penalties” on fossil fuel assets that may end up being stranded as investors shift to low-carbon portfolios, Christian Thimann told EURACTIV in an exclusive interview.

Energy 26-06-2017

Stockholm mayor: ‘Fuel poverty is non-existent in Nordic countries’

Nordic countries have relegated fuel poverty to the history books by setting legal minimum standards for heating and giving house-owners a strong incentive to invest in refurbishment, says the mayor of the Swedish capital.

Electricity 22-06-2017

Grid operators boss: We are trying to align physics and markets

Security of electricity supply should remain a national responsibility although regional coordination can help provide backup in case of need and avoid overcapacity, according to Laurent Schmitt, the Secretary General of ENTSO-E, in an interview with EURACTIV Slovakia.

Energy 22-06-2017

Think tank: Lack of EU heating and cooling laws a ‘real failure’

The lack of hard EU legislation for the decarbonisation of Europe’s heating and cooling systems is a failure that puts the bloc’s climate goals at risk, Maarten De Groote, the head of research at the Buildings Performance Institute Europe, has warned.

Electricity 21-06-2017

IEA chief economist: ‘1970s’ power grids need urgent rethink

Electric vehicles could revolutionise Europe’s electricity system, but an outmoded network regulation could hamper progress, according to Laszlo Varro, chief economist at the International Energy Agency.

Development Policy 24-05-2017

‘Private sector development helps stabilise vulnerable countries’

Private sector development is crucial to stabilising the most vulnerable countries. But ensuring businesses respect social and environmental standards is a real challenge, Anne-Sophie Rakoutz told EURACTIV France.

Biofuels 12-05-2017

Ethanol industry expert: Biofuels tug-of-war is an EU invention

The conflict between second and first generation biofuels – depicted as good and bad for the environment – only exists in Brussels. In fact, it’s the brainchild of the European Commission, Eric Sievers told EURACTIV.com.

Electricity 20-04-2017

Vattenfall CEO: Decarbonising electricity can boost its use for transport, heating and cooling

Europe should accelerate the decarbonisation of electricity in order to encourage its use for transportation and other sectors. The end game is a fossil free system where we could use a lot more green electricity, Vattenfall CEO Magnus Hall told EURACTIV.com.

Eurogas chief: Gas can be renewable energy, too

The mobility sector will be a mix of electric- and gas-fuelled vehicles, Eurogas President Klaus Schäfer told EURACTIV Slovakia.

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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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