About: oil and gas industry

Climate change 12-05-2020

IEA: Oil crisis is ‘litmus test’ for industry’s resolve on climate

The April oil market crash will test the determination of majors like Shell and BP, which have recently announced goals to reach net-zero emissions by 2050, according to the International Energy Agency (IEA).

The relevance of the EU Green Deal in a post-COVID-19 world

In the wake of an escalating global oil industry crisis, drastic global energy law reforms are more needed than ever in order to salvage a viable energy transition, argue Vicente López-Ibor Mayor and Raphael Heffron.

Hydrogen will be ‘central’ to energy system integration, EU says

Hydrogen will be a “central element” in the Energy System Integration Strategy that the European Commission will present in June, the EU’s energy chief kadri Simson has said. During an online debate on Tuesday (5 May), Simson flagged the upcoming...
Climate change 17-04-2020

Investors hail Shell’s net-zero emissions pledge

Environmentally-minded investor groups have commended Anglo-Dutch oil and gas major Shell for committing to cut emissions to net-zero by 2050 or even sooner.
Climate change 20-03-2020

Heavy-emitting firms ‘off-track’ from 2C climate target

More than 80% of the highest-emitting listed companies are failing to deliver emissions reductions aligned to the Paris Agreement's 2C global warming limit, with many of them also failing to account for climate mitigation and risk strategies. EURACTIV's media partner, edie.net, reports.
Energy 16-03-2020

US shale will be first casualty of oil price war

Although the oil price war was triggered by the Russia-Saudi fall-out, US shale will be the first casualty, writes Robin Mills. In the process, the US will learn that producing a lot of oil at high prices is not the “energy dominance” it has made a centrepiece of foreign policy, he argues.
Climate change 13-02-2020

Oil giant BP seeks to ‘reinvent’ itself with 2050 zero carbon goal

BP set one of the oil sector’s most ambitious targets for curbing carbon emissions on Wednesday (12 February) as new chief executive Bernard Looney began the biggest revamp in the company’s 111-year history.

EU working on plans to expose climate impact of natural gas

The European Commission is preparing a strategy to curb methane emissions from the oil and gas industry, including fracked LNG imported from the US. But the timing is uncertain because officials are still busy collecting data on which to base...
Energy 31-01-2020

Investors warned against sudden ‘handbrake’ on high-polluting oil projects

A sudden break on oil drilling caused by last-minute climate action from regulators could halve the value of new projects being developed today, according to fresh analysis published on Friday (31 January).
Energy 17-01-2020

Oil and gas sector ‘losing its social licence to operate’, UK boss warns

Tim Eggar, chairman of the UK's Oil and Gas Authority (OGA), sent shockwaves through the industry on Wednesday (15 January) when he said growing public awareness about climate change was putting the sector's very survival at stake.

US scientist: Methane leakage reports ‘have an inherent low bias’

To understand its full methane emission footprint and its impact on the climate, Europe needs to assess oil and gas imports from countries such as Algeria, Russia and Qatar, for which no data is available yet, says Stefan Schwietzke.
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.
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