OMV pulls out of electricity generation in Turkey
Austrian gas and oil group OMV has agreed to sell its gas power plant Samsun in Turkey to Turkish investment…
Gazprom’s net profit rose 11% in the first quarter
Russia’s Gazprom’s net profit rose 11% in the first quarter of this year, to 371.6 billion rubles (six billion dollars),…
OMV Petrom: Franck Neel joins directorate, Neil Anthony Morgan leaves Downstream Oil
OMV Petrom announces a new director for Downstream Gas, in the person of Franck Neel, replacing Lacramioara Diaconu – Pintea.…
Azerbaijan inaugurates Southern Gas Corridor key terminal
Azerbaijan inaugurated a terminal that is planned to be the starting point of the first pipeline to transport gas from…
Gazprom files to cancel $4.7 billion arbitration ruling, claiming outside interference
The Stockholm arbitration ruling ordering Gazprom to pay $4.7 billion to Naftogaz Ukrainy was interfered with by an outsider, the…
Lukoil’s profit is up 75% on the back of rising oil prices
Lukoil, Russia’s second-largest oil producer, says net profit grew 75% in the first quarter, amid world oil prices increase, according…
Hajdinjak: Black Sea gas will ensure Romania’s energy security
The gas to be extracted from the Black Sea will be more expensive, but will strengthen the country’s energy security…
Conpet’s General Manager mandate, extended by four months
The board of the Conpet Petroleum National Petroleum Transporter decided to extend the term of office of the General Director,…
Hajdinjak, E.ON: Romania is inadequately prepared for blockchain or intelligent storage, the network should be a priority
If we offer marks on a scale of 1 to 10, on how ready is Romania for technologies such as…
CEFC official says Rosneft deal still viable as firm mulls big job cuts
CEFC China Energy’s plans to buy a $9.1 billion stake in Russia’s Rosneft are still viable even as the embattled…
Brussels set for compromise deal in Gazprom antitrust case
Brussels is set to announce it has reached a compromise deal with Gazprom in a long-running antitrust case over the…
China energy firm CEFC defaults, parent-company takes over Rompetrol
As corporate defaults pile up in China’s onshore bond market, a unit of a once-promising energy conglomerate with $4.8 billion…
Repsol to end pursuit of oil growth, goes green
Repsol SA will no longer seek growth for its oil and gas business in preparation for the global transition to…
