OMV Petrom ends earlier the contract to increase production with Petrofac
OMV Petrom closed earlier the contract with Petrofac in order to increase production from Țicleni area, Gorj county, according to…
Although made a loss in 2015, ENGIE targets investment of 22 billion euros over the next two years
ENGIE, the french energy group, recorded a net loss of 4.6 billion euro in 2015, after the 2014 net profit…
Romgaz plans a net gain of 1.32 billion RON an investments of 1,12 billion RON in 2016
Romgaz anticipates for this year a net income of 1.32 billion RON, almost 12% higher than that achieved last year.…
Petrotel-LUKOIL anticipates increased production in 2016 to 2.6 million tonnes
Petrotel-LUKOIL is preparing for a production growth this year to 2.6 million tones, close to the annual maximum capacity of…
Shell begins oil exploration in the Bulgarian side of Black Sea
Bulgaria has signed a five-year agreement with the oil group Royal Dutch Shell for exploration of oil and gas in…
8 actions to stimulate competition in the fuel market (Competition Council)
“Fuel market is highly concentrated in Romania”, says the Competition Council and proposes eight measures and actions to boost competition…
Government wants to update Petroleum and Mining Laws; NAMR’s input asked up to March 15
All the projects for oil and gas exploration are delayed, warns Sorin Gal, General Manager of the National Agency for…
KazMunayGas receives a lower rating from Standard & Poor’s
The credit rating Agency Standard & Poor’s (S&P) has downgraded the ratings of five Kazakh state-own companies, including KazMunayGas, which…
Sorin Gal, NAMR: 2016 may be the first year when we begin to terminate oil agreements
In 2016, the trend is to reduce investments, signalized Sorin Gal, General Director of the National Agency for Mineral Resources…
OMV Petrom posts its first anual loss – 690 million RON
The collapse of global oil prices has hit the results of OMV Petrom in 2015. The group’s integrated business model…
Rompetrol Rafinare generated a consolidated net profit of 62 million dollars
Rompetrol Rafinare, company member of KMG International Group, registered a net consolidated result amounting to 62 million dollars in 2015,…
Transgaz obtained last year a net profit of nearly 110 million euro
Transgaz, the national gas pipeline transportation operator, recorded last year a net profit of 487.7 million lei (about 109 million…
7 causes for non-applicable Gas Network Code (an analysis by Dumitru Chisăliţă)
This article appeared on the author’s personal website. The Gas Network Code is planned as a set of rules able…