Gazprom sees risks to gas transit to Europe this winter
The Russian gas giant Gazprom foresees potential problems with the transit of gas this winter, as the current daily level…
Fire at Petromidia Refinery, a welder from Rominserv lost his life
On Monday evening, an fire happend on Petromidia refinery platform, in the area of the vacuum distillation plant. During the…
It’s official: Expert Petroleum took over Petrofac in Romania
Competition Council greenlighted the takeover of the local subsidiary of Petrofac by Expert Petroleum, according to a press release received…
Transgaz’s net profit drops 12% in the first six months
The National Gas Transmission Company (SNTGN) Transgaz SA Medias posted a net profit of 281,77 million lei in the first…
Gas imports more than doubled in the first half
Romania imported in the first six months of 2016, the amount of usable natural gas of 222,400 tonnes of oil…
EU allocates Euro 187 million for Finnish-Estonian gas link
The European Commission has allocated Euro 187.5 million for building a gas pipeline, the Balticconnector, between Finland and Estonia, the…
Oil, gold and investments – Q3 barrel still at 45-50 USD
Commodities were broadly unchanged for a third consecutive week but plenty of individual action was seen last week. ”We are…
Romgaz make less profit, but preserves its profitability
Romgaz announced a profit of 615 million lei in the first quarter of the year, a period that can be…
IEA: Global oil demand will slow in 2017
The International Energy Agency expects that in 2017, the oil demand will grow at a slower pace than in 2016…
Romania’s emergency oil stocks set at 1.24 mln. toe
The levels of the emergency stocks for crude oil and petroleum products was set at about 1,24 million tons of…
First part of Turkish Stream to be built by December 2019
The Russian Minister of Energy Alexander Novak argued that the execution of the first section of Turkish Stream gas pipeline…
Gheorghe: Petrom’s fuel sales exceeded the market average
Sales of gasoline and diesel increased by 5.6% in the first half of this year compared with the same period…
MOL’s Panfora Oil and gas to start exploring in two oil blocks in western Romania
The Hungarian oil group MOL, through Panfora Oil and Gas, starts exploring in two oil blocks in western Romania, Voivozi…
The world’s energy engine is slowing
China’s imports of crude oil, coal and natural gas slowed in July, offering no solace for producers hoping demand from the…
In insolvency, Astra refinery ups losses by about 20%
The refinery Astra Romana recorded in the first quarter of 2016 a gross loss of 1.57 million lei, almost 20%…
OMV Petrom dropped out 1,200 employees in the last 12 months, with reduced Upstream operations
OMV Petrom recorded a net profit of 408 million lei, after the first six months of the year, while procedeed…
Transgaz pays 775,000 euros for security services
Transgaz pays 775.000 euros for security services The National Company for Transport of Natural Gas Transgaz Medias, will pay 3.45…
OPEC: Oil prices may rise in the second half
The oil market is currently balancing, despite the recent decline in world prices, said Mohammad bin Saleh al-Sada, Minister of…
Transgaz: Gas demand will be of 6.6 mln. MWh in August
The overall demand for natural gas in August 2016 is estimated at nearly 6.6 (6.583) million MWh, according to the…
The low oil price creates new deflationary fears
The low oil price, of just USD 40 per barrel, after barely returned to 50 dollars, creates new deflationary fears,…
MOL reports record Romanian sales in H1
MOL Group’s retail sales volumes in Romania (including fuels, LPG and lubricants) rose 16% in H1, to 311 kt, thanks…