Record Russian and UK oil production in 2015, crude prices keep falling
Production of oil and gas condensate in Russia reached in 2015 roughly 534 million metric tons (nearly 10.72 million bpd),…
John Long, Nobel Oil Downstream: Demand outstrips supply and there is headroom for more stations
Nobel Oil, a name that resonates throughout the last two centuries of petroleum history, has decided to access the Romanian…
Experienced people – the secret of gas market development at BRM
From July 2014, gas producers in Romania were required to sell part of their production on the exchange. Transactions have…
Mark Beacom, Black Sea Oil & Gas: Constant threatening to change the fiscal framework is enough to encourage capital flight
More than one year ago Mark Beacom had the amability to answer some questions for energynomics.ro Magazine, which made one…
Investors in centralized heating services sector are discouraged by the legislative framework
The public heating services sector is frequently a hot topic in Romania. There are constant talks about the financial difficulties…
KMG International is reconfirming its commitments assumed in the Memorandum
Following public announcement during the last days of Kazakhstan National Oil & Gas Company KazMunayGas intention to constitute and develop…
ELCEN puts a mortgage on CET Progresul for a debt rescheduling program with Romgaz
Electrocentrale București (ELCEN) will receive gas from Romgaz until the end of the year, and will mortgage assets belonging to…
Chinese company could take control of KMG International
UPDATE – reaction from Energy Minister Shortly after the appearance of this news, Energy Minister Victor Grigorescu made the following…
Oil prices fell below 35 dollars per barrel
On the New York commodities exchange, the price of American oil barrel fell, on Monday, to around $34.7, near the…
ANRE introduced penalties for non-performance in gas distribution
Natural gas distributors will pay to customers fixed penalties of 100 lei, plus 2 lei for each hour of delay,…