In 2017, Romania had the lowest EU gas price in euro for the household consumers – Eurostat
In 2017, Romania recorded the lowest price in euro for natural gas for household consumers, among EU member states, according…
OMV Petrom started production from the first multilateral well drilled in Romania
OMV Petrom announced it has started production from a new offshore well LVO7, drilled in the Lebada Vest field. According…
IEAS – International Electric & Automation Show 2018
Less than two months remained until the 14th edition of the International Electric & Automation Show, the most important event…
Romgaz looks for a new general manager
Romgaz, the largest producer and the main natural gas supplier in Romania, started the recruitment process for a new general…
MOL Group raises full year profit target based on first half results
MOL Group announced its financial results for the first six months of 2018. EBITDA was sustained at the very strong…
Klaus Iohannis re-sends to Parliament the offshore Law, for review
President Klaus Iohannis has decided to resubmit the offshore Law to the Parliament for review. One of the reasons put…
Trump bets on new European LNG terminals, but EU funds meagre
US President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb…
OMV Petrom: Net profit up 6% in H1
OMV Petrom Group posted a net profit worth 1.28 billion lei in the first half of this year (S1), up…
Offshore Law: US Energy Secretary Rick Perry called in the Romanian ambassador for talks
Romanian Ambassador in Washington, George Maior, had a meeting with US Energy Secretary Rick Perry and talks focused on offshore…
Trump’s plan for US LNG in Europe to face reality check
President Donald Trump’s plan for “vast amounts” of US liquefied natural gas (LNG) to be sold to the European Union…
Gazprom wooes Iran for more oilfields
National Iranian Oil Company (NIOC) has discussed the Russian Gazprom’s offer to develop Iran’s North Pars Gas Field as well…
Oana Mogoi (ING Bank): Funding for energy through the reserve based lending mechanism
New realities (market players, behaviors, obligations, etc.) can be introduced through legislation. However, national legislation must take into account the…