The value of share offerings in fossil fuel companies has dropped by almost 20% since 2012, while low-carbon companies gained ground in a shift towards clean energy, a report by think-tank Carbon Tracker showed on Wednesday (31 March).
LUKOIL has completed working out scenarios for changing global oil demand, which has been prepared as part of its climate strategy development. Vagit Alekperov, the co-owner and president of the company, announced it at a conference call on March 10....
Kazakhstan’s first President, Nursultan Nazarbayev, is given credit for being instrumental in helping to establish Kazakh-EU relations. He helped lay the foundations for the landmark EU-Kazakhstan Enhanced Partnership and Cooperation Agreement (EPCA), which entered into force on 1 March 2020....
The Romanian government adopted on 9 April an emergency ordinance that changes the regulations on fuel sales and allows the sale of gasoline and diesel without the mandatory quotas including biofuels, EURACTIV.ro reported.
The Kremlin is pushing Belarus to merge with Russia in exchange for cheap energy, the Belarusian leader said Friday (14 February), as Russian strongman Vladimir Putin is believed to be maneuvering to extend his stay in power.
Kazakhstan and Belarus will discuss an oil supply deal before 20 January, Kazakhstan Energy Minister Nurlan Nogayev told reporters on Wednesday (15 January), without explaining the significance of that date.
A ambitious new Arctic oil project led by Russia’s top oil producer Rosneft will require about 10 trillion roubles ($157 billion) of investment, Russia’s deputy energy minister Pavel Sorokin told reporters.
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.
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.
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.
An overwhelming vote in favour of climate action at BP's annual meeting yesterday (21 May) shows how activist investors have started to move the oil and gas industry. But it also showed the limits to their appetite for change.
Representatives of Poland, Russia, Belarus and Ukraine will meet on Friday (26 April) in Minsk, the capital of Belarus, to discuss how to solve the problem of polluted Russian oil, Poland’s pipeline operator PERN said on Thursday night.
Ethanol will have a very important role in decarbonising the transport sector globally, the executive director of the International Energy Agency (IEA) told EURACTIV.com. Another energy expert said electrification will play a major role in transport but is not applicable to all sectors, which is where biofuels come in.
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.