Anna Colucci (DG ENER): Freezing prices is against competition and it does not help the vulnerable consumers
Fixing, capping or freezing the energy prices decrease competition, and that usually is a source of revenues for the incumbent…
The EC asks Romania to correctly transpose EU rules on the internal energy market; the ministry of Energy awaits for the official communication
The European Commission sent a letter of formal notice to Romania for failing to correctly implement certain requirements of the…
Exxon Mobil CEO sets plan to boost spending
Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said, and the largest U.S. oil…
Vladimir Milov: Ukraine’s potential for gas exploitation has not been capitalized
Ukraine has a huge potential to exploit its natural gas reserves, but this potential has not been capitalized so far…
Alexey Miller: Gazprom will not be part of the “Balkan” gas hub
Gazprom does not plan to participate in the Balkan gas hub in Bulgaria. This was stated by the chairman of…
Ukraine is going to bring Russia in front of the European Commission for breaking EU Competition Law
Ukraine’s Naftogaz is preparing a formal complaint against Russian Gazprom’s “abusive and illegal practices”, announced Yuriy Vitrenko, Executive Officer of…
Russia wants EU guarantee to continue with TurkStream development
Russian Prime Minister Dmitry Medvedev told his Bulgarian counterpart Boyko Borissov on March 4 that Russia needs guarantees from the…
Romgaz and Petrom, under Competition’s scrutiny for the gas supply to own power plants
The Competition Council has launched an investigation to verify the conditions under which Romgaz and OMV Petrom deliver natural gas…
Black Sea Gases, the most expensive ExxonMobil project of its kind
Neptun Deep Offshore Gas Perimeter is the most expensive hydrocarbon production project with completed exploration work and ready to be…
Diesel price increased each week in 2019 for a total of 9% since the beginning of the year
The upward trend of prices for car fuels sold by Petrom continues for the sixth consecutive week in the case…
Iancu, on GEO 114: On Monday, I hope to gather all the opinions in the market, next – discussions with all stakeholders
“I was not part of this decision,” says Iulian Iancu, chairman of the Parliamentary Commission for Industries and Services, explaining…
25th annual Balkan and Black Sea Petroleum Association Conference (Bucharest, 4-5 April 2019)
The 25th annual Balkan and Black Sea Petroleum Association Conference will be focused on EU energy laws, competitive oil and gas…
ROPEPCA: We will have further meetings with members of government and parliament on GEO 114
Although Ordinance 114 will affect mostly the small and medium-sized producers in the gas sector, with their investment in exploration…
Diesel price rose by more than 8.5% in 2019, gasoline by more than 6.5%
The price of diesel sold by Petrom climbed by more than 1.5% as against February 18th, in the 7h week…
Gazprom gas exports to Romania, up 11% in 2018
Russia’s Gazprom increased its natural gas exports to Southeast Europe (SEE) by 1.2% to 12.482 billion cubic metres in 2018,…
MOL Group 2018 Results: Highest EBITDA since 2011, up 10%
MOL increased its EBITDA by 10% comfortably beating its upgraded 2018 target as Upstream and Consumer Services continued to significantly…
Minister of Energy promises to build a wind-gas storage system at CE Oltenia
Energy Minister Anton Anton said on Thursday in Craiova that the “most interesting” system for storing electricity in wind-powered gas…