SOCAR’s VP: the AGRI project is not dead, it needs more time
The interconnector project of the Azerbaijan-Georgia-Romania (AGRI), which pressumes transporting liquefied gas from Azerbaijan to Romania, is not dead, however,…
Volkswagen CEO says sees case for building own battery factory
Europe’s largest carmaker Volkswagen sees building its own factory to make electronic vehicle batteries as a logical move as it…
Cătălin Dumitru promoted as as Vice President for Corporate Development and Strategy of the KMGI Group
KMG International (which owns the former Rompetrol) changed the Group’s management structure, appointing Catalin Dumitru as senior vice president for…
Black Sea Oil & Gas SRL advances on its Black Sea Midia Gas Development
Black Sea Oil & Gas SRL (“BSOG”) has announced that it has awarded to Xodus Group, together with its co-venture…
General manager Virgil Metea was removed from Romgaz BoDs
On Tuesday’s meeting, the Ordinary General Meeting of Shareholders of ROMGAZ has decided the exercise of cumulative voting to elect/reconfirm…
Oil Terminal, net profit down 5% at 9M
Oil Terminal, the company that operates the oil terminal in Constanta, recorded in the first nine months of this year…
Secosan, Romelectro: Iernut will weigh up to half of revenue
Romelectro will begin next summer the construction of Romgaz natural gas power plant in Iernut, together with Spanish company Duro…
Rompetrol Rafinare, net profit amounting to 20.8 million USD in the first 9 months of 2016
Rompetrol Rafinare, member of KMG International, registered a consolidated net profit amounting to 20.8 million USD in the first 9…
Oil at near three-month lows as gloom grows over OPEC
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak…
IEA sees global market awash with oil in 2017 if no OPEC cut
The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating…
ConocoPhillips trims 2017 capex
ConocoPhillips, the largest U.S. independent oil producer, said it would reduce its capital expenditure budget by 4 percent to $5…
New prospects for oil price after Trump’s victory
Oil prices rose on Wednesday, as U.S. financial markets bounced back from a early Brexit-like slide that followed Donald Trump‘s…
ANRM: Changes to the Oil Law will be submitted to the Parliament in 2017
National Agency for Mineral Resources (ANRM) has prepared a new draft amendment to the Petroleum Law to be submitted to…
Petrom’s profit drops 11% at 9M
Petrom recorded a net profit of 473 million lei in the third quarter of 2016 compared to a loss of…
OMV: Fierce competition on the gas market, also because of the imported gas
The gas demand in Romania this year remains below the levels of 2015; stable demand on the electricity market The…
Total signs first post-sanctions Western energy deal with Iran
France’s Total has signed a deal with Iran to further develop its part of the world’s largest gas field, becoming…
Iancu: The next three years will be the hardest in the history of the energy system
Although the predictability of the legal framework is a priority for the European Commission, four new Union directives are to…