Global energy investments rebound, thanks to fossil fuels
Global energy investments stabilized last year after three years of decline, due to greater spending on oil, natural gas and…
Romgaz will deliver 30% of gas production at a capped price
Romgaz will deliver 30% of its gas production from May to December at the regulated price of 68 lei per…
Oil prices fall amid rising US-China trade tensions
Oil futures fell on Monday as investors and traders fretted over global economic growth prospects amid a standoff in the…
Saudi Arabia says oil tankers were attacked off the UAE coast
Two Saudi oil tankers were targeted on Sunday in “a sabotage attack” off the coast of Fujairah, part of the…
Ukraine sues Gazprom over ”anticompetitive practices”
Ukrainian national oil and gas firm Naftogaz said it filed a complaint to the European Commission accusing Russian energy giant…
Romanian oil firms will pay royalties according to the Brent barrel on the London Stock Exchange
Companies that extract oil from Romania will pay fees to the state budget according to the Brent barrel quotation on…
Romania imports 17% of gas consumption
Romania imported these days about 17% of natural gas consumption, according to Transgaz data. For the production of electricity, for…
The gasoline price in Romania has fallen below the European average
The tax-free price of gasoline on the Romanian market fell below the European average, while diesel prices are still higher…
Leaders of big oil and gas companies met in Medias – among talks, BRUA and offshore
Leaders of the most important oil and gas companies met in two closed-door meetings in Mediaş and talks focused, among…
OMV Petrom: Nothing has changed in the decision about the Black Sea exploitation – we have not taken any new decision
OMV Petrom’s new report released last week led some analysts to interpret that the company would have taken a new…
High-tech solutions for Rompetrol Rafinare’s transports
Rompetrol Rafinare, a member of the KMG International Group, together with its main partner for domestic rail transport, Romanian Rail…
Transgaz has signed the Memorandum of Understanding to take over the gas to be produced by Black Sea Oil & Gas
On Monday, May 6, SNTGN Transgaz SA signed the Memorandum of Understanding on the use and development of the natural…
MOL Group announces a global profit before tax of USD 500 mln. and rising diesel sales in Romania
Bogdan Tudorache Mol posted an EBITDA of over USD 500 million in the first quarter of 2019, the company said.…
Petrom announces sales up 11% in Q1
Bogdan Tudorache OMV Petrom announced consolidated sales increased by 11% compared to Q1/18, to 5.4 billion lei supported by higher…
Transgaz greenlighted to start the 360 mln. euro works at the Podisor pipeline
Bogdan Tudorache The Ministry of Energy has issued the decision that allows Transgaz to start the works of the Podişor…
EU plans sharp hike in U.S. energy imports as trade lever
The European Union will seek to double imports of liquefied natural gas (LNG) from the United States by 2023, as…
Poland’s energy ministry decides to release 800,000 tonnes of mandatory oil reserves
Poland’s energy ministry said it has decided to release mandatory oil reserves following the suspension of contaminated oil deliveries from…
Oil Terminal signs a 30 million-dollar contract with Oscar Downstream
Oil terminal has signed a new Downstream Oscar transport contract. The contract, worth 30.5 million ROL excluding VAT, provides for…
On May the 2nd the last orders were issued for starting work for Ungheni-Chisinau
Vestmoldtransgaz issued on Thursday the last three orders for the start of the works related to the Ungheni-Chisinau gas pipeline,…
Romgaz offers dividends of more than 1.2 bln. lei, pays 363 mln. for GEO 114
Romgaz reported a net profit of more than 1.3 billion lei for the year 2018 and will provide dividends of…
Transgaz shareholders reject both dividend proposals, summon OGSM again on June 6, with the same proposals
Transgaz shareholders rejected yesterday the dividend proposals made by the company and government, but proposed the same figures for a…
MOL says that BRUA constructions works have started
Hungarian company MOL, that owns the national gas transporter FGSZ, announced that the BRUA works have started. “The construction works…