About: oil and gas industry

Energy 23-11-2020

Oil and gas majors sign up to ‘gold standard’ of methane reporting

Sixty-two major oil and gas companies on Monday (23 November) agreed to a new framework for monitoring, reporting and reducing methane emissions as part of the Oil and Gas Methane Partnership 2.0.
Climate change 30-10-2020

Green recovery led by industry or government – America’s choice between two futures

With the American presidential election next week, the climate policy of Joe Biden and lack of policy from Donald Trump has come into the spotlight: America will have to adapt to green technologies to keep up with the world and the question is whether its administration will dig its heels in or not.
Energy 11-09-2020

Polish oil firm signs up to 2050 climate neutrality goal

PKN Orlen, Poland's largest oil refiner and retailer, this week became the first oil company in central Europe to commit to climate neutrality by 2050, with plans to invest billions in energy efficiency, solar, wind, and hydrogen.
Energy 04-09-2020

Oil industry placing risky bet on plastics, report says

Big oil producers are pinning their future growth on the world's insatiable appetite for plastic, researchers said Friday (4 September), in a "bet" on society's failure to tackle disposable consumption that risks stranding billions of dollars in petrochemical investments.

Norway plans to drill for oil in untouched Arctic areas

Norway is planning to expand oil drilling in previously untouched areas of the Arctic, a move campaigners say threatens the fragile ecosystem and could spark a military standoff with Russia.
Energy 25-08-2020

Draft EU methane strategy shies away from binding emissions standards

The European Union’s long-awaited plan to curb emissions of the potent greenhouse gas methane will not impose binding standards on natural gas sold in the bloc, according to a draft seen by Reuters.
Energy 20-07-2020

Has the coronavirus killed the oil sands industry?

The spectacular collapse in oil prices caused by the coronavirus pandemic has brought the costliest – and most polluting – oil projects such as tar sands to a standstill, a development some analysts say could be definitive.
Energy 08-07-2020

Virus crisis threatens to set back oil platform decommissioning

Oil companies are being forced to cut spending due to a fall in global oil prices, threatening funds earmarked to dismantle dated off-shore rigs, despite environmental risks.

EU lawmakers divided over inclusion of natural gas in Just Transition Fund

The European Parliament's Regional Affairs Committee will vote Monday (6 July) on the EU's proposed €40 billion Just Transition Fund, which aims to support the bloc's 108 coal-producing regions in their transition to a low-carbon economy. EURACTIV Germany reports.
Climate change 24-06-2020

US oil giants lagging behind Europe on climate goals, research finds

US-based oil and gas majors are lagging well behind their European counterparts when it comes to plans for cutting emissions to comply with the Paris climate deal, according to analysis released Wednesday (24 June).

Europe’s oil refiners outline path to climate neutrality by 2050

The European oil refining industry association, whose members includes Shell, BP, ExxonMobil and Total, outlined on Monday (15 June) a €650 billion plan to completely decarbonise transport fuels by 2050.

Why the European Green Deal needs strong methane regulations

Oil and gas companies throughout the supply chain need to do much more to bring down methane emissions immediately. And they can, writes Maarten Wetselaar.
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.
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