About: oil and gas industry

Energy 19-11-2019

China’s growing interest in Saudi Aramco is part of a long game

The Aramco public offering gives China an opportunity to gain a foothold at the center of the global oil industry. According to Joseph Dana, the move is part of a longer-term attempt by Beijing to challenge the dollar’s dominance as the world’s universal currency.
Climate change 04-11-2019

Oil and gas majors must cut production by a third to meet climate targets: report

The world's largest oil and gas companies must cut combined production by 35% by 2040 if nations are the meet the collective ambitions of the Paris Agreement and limit global warming to below 2C, a new report from Carbon Tracker has found. EURACTIV's media partner edie.net reports.
Climate change 04-11-2019

EU’s new list of energy projects includes 32 gas facilities

The EU says it wants to get out of fossil fuels and become climate neutral as soon as possible. But the European Commission's latest list of energy projects eligible for EU funding nevertheless includes 32 gas projects, including the construction of new LNG terminals, EURACTIV Germany reports.
Climate change 24-10-2019

Spain’s ‘luxurious’ gas infrastructure under the spotlight

Gas power plants in Spain are running below 25% capacity, according to an investigation published in the Spanish media yesterday (23 October), sparking calls from environmentalists to stop funding the country’s “oversized” gas infrastructure.
Climate change 24-10-2019

Oil and gas giants spent 250m on EU lobbying since 2010: green groups

The five biggest publicly listed oil and gas companies and trade groups representing them spent more than 250 million euros lobbying the European Union to influence climate action since 2014, environmental groups said Thursday (24 October).
Energy 19-09-2019

Total, Eni stake new claim in Cyprus gas and oil search

Energy giants Total and Eni have joined forces to explore and exploit another oil and gas block up for grabs offshore from Cyprus, Cypriot authorities said Wednesday (18 September).
Energy 17-09-2019

The attack on Saudi Arabia’s Abqaiq refinery and the realpolitik of oil

After a Saudi oil processing facility came under attack, attention turned on the immediate effect this could have on oil prices. But the worry should be more over the medium term than the short term, writes Robin Mills.
Energy 27-08-2019

How Europe’s war on plastics is affecting petrochemicals

With oil use in cars expected to peak in the mid-2020s, oil companies are seeking shelter in petrochemicals – and plastics – where demand is still going strong. However, even that notion is now being challenged because of a global plastics backlash led by Europe.
Energy 17-07-2019

How vulnerable is Europe to conflict in the Strait of Hormuz?

NEWS ANALYSIS / The involvement of a British tanker in the latest military incident with Iran in the crucial oil shipment choke point has pulled Europe into the fray.

EU clarifies funding scope for CO2 capture technology

The European Commission has clarified how it intends to support carbon capture and storage (CCS), a key technology in the fight against global warming, which supporters say will enable deep emission cuts in heavy industries such as cement, steel and petrochemicals.
Energy 28-06-2019

Satellite data offers new hope for taming oil’s methane emissions

The release of methane emissions from drilling has been a beguiling problem for the oil and gas industry. But EU satellite data points toward a solution.
Energy 27-06-2019

After years of decline, oil and gas extraction is set to increase

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Oil majors have steadily reduced exploration investment since the 2014 oil price collapse. Now exploration is ticking up again, even if the oil price isn’t. Meanwhile, investment in renewables remains small among oil and gas companies.
Energy 20-06-2019

A changing climate puts Europe’s energy sector at risk

Oil and gas infrastructure as well as electric power stations could suffer major failures in the coming years if they are not adapted to withstand extreme weather caused by climate change, EU officials have warned.
Energy 17-06-2019

Slumped economic growth will mean oil oversupply next year, IEA says

Slower oil demand growth in 2019 is expected to lead to a glut of oil next year, which could have significant impacts on energy prices in Europe.
Energy 14-06-2019

Pope Francis calls for ‘radical energy transition’ to stem global warming

Pope Francis said on Friday (14 June) that carbon pricing is “essential” to stem global warming – his clearest statement yet in support of penalising polluters – and appealed to climate change deniers to listen to science.
Energy 07-06-2019

Leaked report reveals ‘misfunctioning’ of Energy Charter Treaty amid EU reform calls

A confidential internal report, obtained by EURACTIV, lists the multiple failings of the Energy Charter secretariat, at a time when the treaty is undergoing a major revision process and is being used by Russia's Nord Stream 2 pipeline in a first-time legal proceeding against the EU.
Climate change 06-06-2019

Why France’s Total will not sponsor the Olympics in Paris

Although it has not yet made its decision public, France's oil company Total will not be a partner of the 2024 Paris Olympics. EURACTIV's partner La Tribune reports.
Energy 06-06-2019

Watad: The oil company that came from nowhere and became a key player in Syria

Life in rebel-held northwest Syria has, without a doubt,  been made easier by Watad Petroleum’s presence. But with no information available publicly about who owns or runs it, there is a persistent suspicion about it, writes Haid Haid.
Energy 23-05-2019

The US isn’t protecting oil supplies from the Middle East, it wants to control prices as foreign policy

America’s extensive use of military and economic coercion in the Middle East and other oil-producing countries around the world reflects the US’s new position as an exporter of oil and liquefied natural gas, argues Robin Mills. Robin Mills is the...
Energy 16-05-2019

Iran seeks to prove it can disrupt oil and gas exports from Arab Gulf States

A recent attack on Saudi oil facilities west of Riyadh were designed to demonstrate Tehran’s ability to target all of the region’s oil and gas exports and raise exponentially the cost of military conflict for the US and its allies in the Gulf region, writes Hasan Alhasan.
Climate change 30-04-2019

Methane: Europe’s chronic climate blind spot

Europe has long led the global charge against greenhouse gas pollution. But it has been chronically reluctant to address the climate impact of methane emissions from the oil and gas sector, writes Poppy Kalesi.
Climate change 12-04-2019

Exxon lobbyists allowed to keep EU access badges

The heads of political groups in the European Parliament have failed to reach a decision on whether to strip ExxonMobil lobbyists from their EU access badges, leaving some activists bitterly disappointed and others reflecting about future engagement with the oil and gas industry.
Climate change 09-04-2019

ExxonMobil misled the public. Now they’re trying to mislead the European Parliament

Last month, US oil giant ExxonMobil was invited by the European Parliament to testify publicly about the history of climate change denial. But instead of responding transparently, they tried behind the scenes to discredit the peer-reviewed research conducted by Harvard University researchers, writes Geoffrey Supran.

‘Historic breakthrough’: Norway’s giant oil fund dives into renewables

Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. EURACTIV's media partner, The Guardian, reports.

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