Prospecţiuni revenues increased by 20.5% last year to 415.4 million lei
###author### Geophysical and geological services company Prospecţiuni Bucharest, controlled by the businessman Ovidiu Tender , reported revenue last year of…
GdF Suez took a 15 billion euro write-down last year
GdF Suez recorded write-downs worth 14.9 billion euros (20.4 billion dollars) last year,writes the Wall Street Journal. The publication notes…
Romgaz sales rose 1.5% last year to 881 mln. lei, profit fell 17% to 211 mln.euro in 2013
Natural gas producer Romgaz (SNG ) turnover increased by 1.5 % last year to 3.89 billion lei (881.2 million euro…
The state wants to open the power & gas exchange for private stockholders by the end of the year
Trading platform for power and gas OPCOM will be privatized by the end of the year through sales of its…
Greece inks a 10 year deal with Gazprom; a retroactive price drop by 15%
Natural gas distribution Company in Greece (DEPA) has signed a 10-year contract for the supply of gas with Gazprom, a…
The Black Sea gas requires gas pipelines of nearly 1 billion euros
Transgaz Mediaş, the national gas transmission operator, stated through its managing director that it has investment programs amounting to EUR…
Energy and gas bills without the tax on special constructions in 2014
The 1.5% fee on special constructions introduced from January 1st will not be put by distributors of gas and power…
Britain creates new oil and gas regulator to tackle falling output
Britain said it would create a new oil and gas regulator which will help UK explorers speed up their search…
Gas stockpiles diminish the risk of prices increases due to Ukraine instability
The high level of gas stocks in Western Europe will eliminate the risk on price brought by instability in Ukraine,…
Government Emergency Ordinance for upgrading Conpet’s pipelines
Some investment done by Conpet Ploiești are blocked because the company refuses to pay the fees required by administrators of…
Rompetrol Rafinare results, influenced by international quotes
###author### Rompetrol Rafinare, a member of the Rompetrol Group, recorded 6% increase of the consolidated gross turnover up to USD…
Moskow helps MOL in its negotiations about keeping control on INA refinery
Moscow authorities will negotiate with the Croatian government the takeover of MOL stake in INA refinery after the Olympics in…
Dafora’s losses increased more than four times last year
The losses of Dafora Mediaș were 103 million lei (23.3 million euros) in 2013, 4.5 times higher than in 2012,…
Transgaz and Transelectrica profits increased last year
National gas transporter Transgaz recorded revenues of 1.55 billion lei (345.2 million euros) in the previous financial year, higher by…
SUA may lift the ban on fracking oil export
Oil producers would obviously benefit from lifting the ban to export oil, introduced in 1970s, writes The Economist. So might…
A 13 million euros solar park proposed by Lukoil on the cleaned oil pits near Petrotel refinery
The company Lukoil Energy &Gas Romania, a company that is part of the oil group Lukoil, will build a solar…