All posts
How does the Bradu station look like, upgraded by 29 mil. Euro
The high voltage station in Bradu, near Pitesti, is being upgraded under a project worth 29 million euros led by…
Rumen Radev seems to have won the presidency in Bulgaria; PM to resign & early elections possible in Spring
Bulgaria’s Prime Minister Boiko Borisov has said he will resign as promised after his centre-right party’s candidate lost the race…
IEA sees global market awash with oil in 2017 if no OPEC cut
The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating…
ConocoPhillips trims 2017 capex
ConocoPhillips, the largest U.S. independent oil producer, said it would reduce its capital expenditure budget by 4 percent to $5…
New prospects for oil price after Trump’s victory
Oil prices rose on Wednesday, as U.S. financial markets bounced back from a early Brexit-like slide that followed Donald Trump‘s…
ANRM: Changes to the Oil Law will be submitted to the Parliament in 2017
National Agency for Mineral Resources (ANRM) has prepared a new draft amendment to the Petroleum Law to be submitted to…
Petrom’s profit drops 11% at 9M
Petrom recorded a net profit of 473 million lei in the third quarter of 2016 compared to a loss of…
OMV: Fierce competition on the gas market, also because of the imported gas
The gas demand in Romania this year remains below the levels of 2015; stable demand on the electricity market The…
Nuclearelectrica’s profit halves, Unit 1 damages
Nuclearelectrica (SNN) recorded a net profit of over 64.5 million lei in the first nine months of this year, down…
Donald Trump wins US election; international financial markets reacted impulsively
Donald Trump is the next president of the US after a long, bitter and divisive election campaign. New York businessman…
Total signs first post-sanctions Western energy deal with Iran
France’s Total has signed a deal with Iran to further develop its part of the world’s largest gas field, becoming…
Iancu: The next three years will be the hardest in the history of the energy system
Although the predictability of the legal framework is a priority for the European Commission, four new Union directives are to…
Russians hurry to finish Turkish Stream
Gazprom is planning to spend more than $595 million in the expansion of the gas pipeline system to deliver gas…