The Grand Challenge of the Energy Transition
Energy is the key factor that drives the economy. Without abundant energy coming from sources other than human and animal…
KPMG: When About Risks Energy and Natural Resources Industry Falls Behind
Today’s energy and natural resources (ENR) organizations may be unprepared to meet the ever-growing array of risks now present in…
Mol interested in Oltchim via its petrochemical division Petchem
Petchem, the petrochemical division of MOL, is the last competitor entered the race for the acquisition of viable assets of…
Traian Băsescu will say that additional fuel excise is a mistake in IMF meeting
President Traian Băsescu will support during the IMF meeting in Bucharest that the increase in fuel duty is an error.…
Shell pulls back from North Sea, as part of USD 15 bln. divestment drive
Royal Dutch Shell will sell some of its North Sea oilfields as part of a USD 15 bn divestment programme…
SOCAR to increase share capital of Romanian division by 35 million euro
State Azerbaijani company SOCAR bought from Julian and Doina Berescu the remaining 10% stake in SOCAR Petroleum, former Romtranspetrol, 90%…
GSP, Romcab and Adrem Invest join the Exporters Association AREX, launched by EximBank
###author### Romanian import-export bank EximBank set up of the Romanian Association of Exporters (AREX), a project that aims to help…
British Gov`t promises city halls that approve share exploitation to keep all taxes
David Cameron has sought to quell unrest in Conservative heartlands about the impact of fracking by promising a business rates…
Rompetrol to invest 350 million USD, out of a 1 bln. USD fund, after takeover from state
Rompetrol has taken “all needed measures” to invest USD 350 million in Romania, in the Petromidia central and into extending…
Total enters shale gas and shale oil exploration in the UK
France’s Total allocated 50 million dollars to finance acquisition of prospecting stakes and exploratory drilling for shale gas and oil…
MOL to invest about 1 billionUSD per year to boost production
Hungarian oil group MOL plans to invest about $1 billion a year to achieve significant growth in exploration and production,…
VP of Sterling Resources: We will continue bidding for Black Sea blocks
Canadian company Sterling Resources is interested in participating in upcoming auctions organized by the National Agency for Mineral Resources (NARM),…
A game of the lesser evil: extra duty on fuel or no longer a decrease of social insurance contributions
Romanian Prime Minister maintains its position to introduce a 7 eurocents additional duty on fuel this April, despite the political…
SOCAR denies its interest to acquire Oltchim
Azerbaijani oil company SOCAR will continue to invest in Romania, but these investments do not include the purchase of Oltchim,…
Proposal: All natural gas transactions must be closed on local exchanges
The recent statements of the Minister for Energy, Constantin Niță, in terms of the obligativity to list the gases on…
SOCAR wants to buy OMV gas stations in Turkey
The National Oil and Gas Company from Azerbaijan (SOCAR) wants to take over all the gas stations owned by OMV…