China defies US pressure as EU parts ways with Iranian oil
China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing…
Oil Terminal cuts wages by 25% for 10 days
Oil Terminal suspends full wage payment for ten days in order to reduce expenses. Almost a thousand employees will be…
EU Observer: Putin strikes blow against Russia’s isolation by Europe
Russian leader Vladimir Putin has joined forces with Germany against the US over a new gas pipeline. His weekend trip,…
Oltchim to cease production and enter general repairs
The petrochemical plant Oltchim Râmnicu Vâlcea announced that the general revision scheduled for this year will run from 1 to…
Denmark’s Maersk to spin off drilling
A.P. Moller-Maersk said it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest…
Rompetrol Rafinare, increase by 27% of raw materials processed in the first half of 2018
Rompetrol Rafinare, member of KMG International, recorded in the first half of this year an increase by more than 50%…
Gazprom’s H1 2018 natural gas sales to Romania up 4%
Gazprom’s exports of natural gas to Romania grew 4% in the first half of 2018, as compared to the same…
Weak Turkish lira may favour SOCAR expansion plan
SOCAR wants to reach a 20% share of Turkey’s gas market, and the country’s recent economic woes are likely to…
Solar and wind power could soon compete with oil and gas on scale and cost
In 2010, using solar power to boil your kettle would have cost you about £0.03. By 2020, according to estimates…
Rompetrol inaugurated its first EV charging station in Bacau
Rompetrol Downstream, the retail division of KMG International Group in Romania, inaugurated its first e-car charching station in Bacau. This…
ANRE approved standard products for natural gas trading on centralized markets
The Regulatory Committee of ANRE approved the centralized list of natural gas standardized products to be traded on the centralized…
Fair enough: WTO ruling welcomed by both sides in case made by Russia over EU energy market access
Gazprom says it is satisfied with a World Trade Organization (WTO) ruling on Russia’s challenge to Europe’s Third Energy Package,…
Chinese tariffs on US gas exports may shift the global market
China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as…