The energy exchange operator supports the establishment of a gas spot market
OPCOM, the energy market operator in Romania, aims to promote a spot market for gas, following the model of the…
KMGI will use all legal mechanisms to protect their investments in Romania
PRESS RELEASE, MAY 9th, 2016 Today, May 9 2016, we have been communicated that KMG International NV (“KMGI”), Oilfield Exploration…
Aristotel Jude, Ministry of Energy: The priority is security in gas supply
The Ministry of Energy, as a shareholder, wants companies to present, during their shareholders meetings, sustainable and feasible investment plans…
Saudi oil minister was sacked after a tenure of two decades
Saudi oil minister Ali al-Naimi was dismissed after more than 20 years since he took office, according to international media.…
Petrom pays dearly for Oil Terminal services
Oil Terminal will receive in the next 12 months approximately 31.5 million lei for storage of crude oil and oil…
OMV makes a comeback in Iran oil industry
The OMV Group, Petrom’s majority shareholder, and the National Iranian Oil Company (NIOC) signed in Tehran a series of agreements…
Halliburton and Baker Hughes stopped their 28 billion dollars merger
US and European Union (EU) competition authorities ended the merger between Halliburton and Baker Hughes, global providers of oilfield services,…
Transgaz made last year nearly 70% of the proposed investment
Last year, the natural gas transport and dispatching company Transgaz, has made investments totaling 239.55 million lei, representing 68% of…
Chinese company takes over 51% of KMG International, former Rompetrol Group
KazMunayGas (KMG) and China Energy Company Limited (CEFC) signed Friday, April 29, the documents for setting up a joint venture…
OMV is betting on Romania for granting stability in an uncertainty dominated environment
“Some might say that I lack vision. I can admit that. But look how many fail around us, so we…
