KMG: Sanctions against Russia do not affect crude oil from Kazakhstan
European Union approved on June 3, 2022, the sixth package of sanctions, which provides for a phased release of crude…
EBC: EU nations spent an estimated 60 bln. euro on Russian fuels
EU nations have spent an estimated 60 billion euros on Russian coal, oil, and fossil gas since the country launched…
OMV will review decisions made by former CEO Rainer Seele
OMV’s Board of Supervisors will not approve the 2021 actions of former CEO Rainer Seele and will launch a thorough…
Oil barrel exceeds $120 following Saudi Arabia’s decision to raise prices
Oil prices rose on Monday, with the price of a barrel of Brent crude oil exceeding $120 after Saudi Arabia…
Jude: Romgaz’s strategic goal is to keep annual production decline below 2.5%
Romgaz has completed an important investment objective in the Snagov priority onshore project, which consists of the development of an…
Romgaz introduced new wells in production following an investment of 31 mln. lei
Romgaz launched the Coşereni drying plant into operation, with three new wells being opened for production, and by the first…
Azeri gas exports to Europe will reach 10 bln. cm in 2022
Azerbaijan’s gas exports to Europe will exceed 10 billion cubic meters this year, Azerbaijani Energy Minister Parviz Shahbazov announced on…
Virgil Popescu: Romania will focus on the production of renewable energy, nuclear and gas
Romania will focus on building new capacities for energy-based production using natural gas, nuclear energy and renewable resources, Energy Minister…
EC: The imposition of oil sanctions on Russia will take place after a transitional period
EU sanctions on imports of crude oil from Russia at sea will be imposed with a transition period of six…
Delgaz Grid invests 143 mln. euro in the modernization of distribution networks
31Delgaz Grid, a member company of the E.ON Romania Group, will invest 719 million lei (143 million euro) this year…
New subsidies to cover the costs of thermal energy of cities
On Monday, the Minister of Development, Public Works and Administration, Cseke Attila, approved the distribution to the local budgets of…
Poland could build new floating liquefied gas terminal due to interest from Czech Republic and Slovakia
Poland could build a second floating storage and regasification terminal (FSRU) near a similar facility that is currently being planned…
Lukoil VP believes Russia should cut oil production by 30%
Russia should cut oil production by 20% -30%, from 10 million barrels a day today to seven to eight million…
Transgaz and 3SIIF will collaborate to build a greenfield gas infrastructure
Transgaz announced to its investors on the BSE that it has signed a roadmap agreement with the Three Seas Initiative…
EU: Gas is getting cheaper amid declining worries about Russian supplies
European gas reference prices continued to fall on Friday, heading for the third week in a row, following worries about…
Hungary: Only Hungarian cars will be able to buy fuel at reduced prices from Friday
Only cars registered in Hungary will be able to buy fuel at government-capped prices from Friday, while cars registered abroad…
Agista acquires 15% of Eplus Smart Energy, a company run by Frank Hajdinjak
Agista, an investment fund dedicated to SMEs, part of Impetum Group, acquires a 15% stake in the Romanian companBy Eplus…
Mintia thermal power plant will be put up for sale for a minimum of 91.2 mln. euro
Mintia thermal power plant will be put up for sale through a public auction, the starting price being 91.2 million…
Poland ended Russian gas supply agreement following the ruble payment dispute
Warsaw authorities announced on Monday that they have terminated the agreement with Russia on the supply of natural gas through…
Shell could return to Romania with the liquefied natural gas division
Shell could return to Romania, after an absence of almost 15 years, with the liquefied natural gas division. The Minister…
D. Dărăban: The state should re-analyze the use of suppliers as intermediaries for capping
The Romanian state should consider whether, at the level of intervention policies, the model of support for energy consumers, by…
Competition analyzes the transaction by which Cyprus-based Leabrook becomes the sole shareholder of EnergoBit
The Competition Council is has under scrutiny the operation by which Leabrook Ltd becomes the sole shareholder of EnergoBit Holding…
Rompetrol’s “Ready for Career” program, in the recruitment and selection phase of candidates
KMG International (Rompetrol) recently launched a series of events aimed at popularizing, among students, the start of the recruitment and…