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.
Iran is awaiting European guarantees on the sale of Iranian oil and banking relations, Foreign Minister Mohammad Javad Zarif said on Saturday (25 August), according to the Iranian Students' News Agency (ISNA).
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.
Isolated among the Gulf States for the past year, Qatar has paradoxically managed to steer a successful course through the economic conflict waged against it, by turning to Europe. EURACTIV.fr reports.
At the turn of the century, the European Union launched a vigorous liberalisation agenda in a bid to open up its national gas markets – aiming for lower prices, a greater range of suppliers and energy security. EURACTIV takes stock of progress made and the challenges lying ahead.
The Portuguese lawmaker behind the most recent European Parliament resolution on the safety of offshore drilling, told EURACTIV why he opposes moves to open up oil and gas fields in European waters, not least in his home country Portugal.
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.
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.
Europe is hardly the first place that springs to mind when thinking about the world's major oil producing regions, and there is a perception that the domestic industry has already seen its heyday, particularly in the North Sea.
There is a vast potential for green gas in Europe, generated from sustainable resources such as biomass and organic waste, some of which can directly be injected into the grid or take the shape of hydrogen, writes Claude Turmes.
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.
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.
The Norwegian central bank, which runs the country’s sovereign wealth fund – the world’s biggest – has told its government it should dump its shares in oil and gas companies, in a move that could have significant consequences for the sector. EURACTIV's media partner The Guardian reports.
As world leaders prepare to meet for UN climate talks in Bonn, it may come as a surprise that firms are lining up to drill, at great expense, in Europe’s northern waters where output has peaked years ago.
As the COP23 UN climate talks open in Bonn, the European Commission and EU member states are embarking on a massive spending spree to subsidise new gas infrastructure that will make it impossible to achieve the global warming targets agreed two years ago in Paris, writes Pascoe Sabido.
The acquisition of a 51% stake in Russia's Eurasia Drilling Co (EDC) by US oilfield services giant Schlumberger "has big problems" in the current political situation, the head of Russia's competition watchdog said yesterday (16 August).
Nations both close and distant to the Arctic Circle are increasingly becoming engaged in the North, as the European Union’s new policy for the Arctic shows. The plan is a step forward, but it speaks volumes by what it leaves out, writes Antonia Sohns.
Iran and Spain are discussing the construction of an Iranian-owned oil refinery at the Gibraltar strait, the Spanish foreign minister said on Monday, a day after sanctions against the economically isolated Islamic republic were lifted.